Coal India arm NCL is looking to pump in Rs 7,000 crore over the next four years to ramp up production capacity and boost infrastructure at various projects, a company official has said. Northern Coalfields Ltd (NCL) also has plans to enhance social infrastructure that includes building healthcare facilities, community halls and other welfare amenities for its employees and the local population.
India’s competitive renewables market and clean power goals are projected to double the share of zero-carbon electricity generated in the country over the next decade, according to BloombergNEF (BNEF).
Coal India (CIL) Chairman Pramod Agarwal confirmed that there was no proposal to give away any coal block of the PSU giant for commercial mining. The company has sufficient number of coal blocks with abundant resource capacity to continue as a commercially viable entity even in the competition era, he said.
India is expected to install between 1,306-1,506 MW of wind capacity in calendar year 2020, which, because of the Covid-19 outbreak this year, will be substantially lower than in the last few years, according to a forecast by BloombergNEF.
The supply of coal by CIL to the power sector declined 23.9% to 61.84 million tonnes in the April-May period of the current financial year. The supply of coal in 2018-19 (April-May) was 81.29 million tonnes (MT), according to recent government data.