Industry has sought easier norms for commercial coal blocks, including lesser payment and more lenient requirement of minimum production.
Potential bidders want upfront payment to be halved and computed on the basis of extractable reserves in a block and not on the total reserves estimate.
The draft rules provide for minimum 70% production on an average over a three-year period, while yearly minimum production has to be 50%. Potential miners want this changed to 60% average production in a five-year period and no yearly production stipulations.
Emami Group announced that it had entered into a binding agreement with Nuvoco Vistas Corp, part of the Nirma group, for divesting its 100 per cent equity stake in Emami Cement for an enterprise value of Rs 5,500 crore.
The state public works department (PWD) has constructed cement concrete road of 100 metre within six hours using prestressed precast concrete pavement (PPCP) technology, which otherwise takes one month or more in conventional system.
PWD has claimed that PPCP is a solution to various problems of cement concrete roads and sets a role model for other agencies in the state to follow.
As the Modi government aims to boost coal and petroleum production in India, the green energy sector may face a blow on its motivation. The industry believes that the government is not doing enough to push the usage of renewable energy. “The solar energy is here to stay but the industry needs much more than what the government is currently doing,” Gagan Vermani, Founder & CEO, MYSUN, told. While on one side, the utility-scale solar is facing challenges on the DISCOM payments and project financing fronts, the rooftop solar industry has been marred by poor or inadequate policymaking, he added. If we want to see solar on every rooftop, the government can’t have a love-hate relationship with the industry, he further added.
The Central Pollution Control Board (CPCB) has issued show cause notices to 14 coal-based power plants in six states asking them to respond why these plants should not be closed down and environmental compensation be imposed for their failure to reduce emissions. Total installed capacity of these 14 thermal power plants is approximately 15,000 MW. Nine such polluting plants are located roughly within 300 km radius of Delhi.