
Coal India plans 19 new first mile connectivity projects in FY26
FMC is an automated coal evacuation process which ensures eco-friendly coal transportation from pithead, in piped conveyor belts, to loading points.
Under FMC, coal producers adopt alternative transport methods—such as mechanized conveyor systems and computerized loading on to railway rakes—to replace road transport.
Also read: India must invest big to hit 2070 net-zero goal, says Moody's
In a statement on Thursday, the company reported a 34% increase in environment-friendly coal loading through FMC to 102.5 million tonnes in FY25. This was carried out through 20 FMC projects linked with the Indian Railways' network.
The increased loading through FMC saw a 5% drop in truck journeys needed to transport coal – known as underloading – in FY25 compared to FY24, it said.
CIL has plans to commission 92 FMC projects of 994 million-tonnes-per-annum capacity in a phased manner by FY 2029-end.
With the company aiming at 1 billion tonnes of coal production by FY 2029, the capacity is being built up to enable the transport of almost the entire quantity in an environment-friendly manner.
Also read: IPO Watch: Coal India arms BCCL files draft papers with SEBI for IPO
Key features of FMC involve constructing mechanized coal handling plants equipped with coal crushers, and rapid loading systems where a precise quantity of quality coal is loaded onto wagons. FMC replaces truck-based transportation to railway sidings and avoids manual loading.
This process is used to reduce dust, noise and vehicular emissions, minimize road congestion and improve safety.
In August 2023, the coal ministry announced that a total of 67 FMC projects across state-run coal companies with 885 million tonnes of capacity were being taken up in three phases to achieve capacity of around 1 billion tonnes of mechanized handling of coal.
Also read: Adani Group's tax contributions rise 29% in FY25 to ₹74,945 crore — check key company-wise breakdown
The coal ministry has set a target of 1.15 billion tonnes of coal production in FY25 and 1.5 billion tonnes in FY30 to boost India's energy security.
Developing an eco-friendly, cost-effective coal transportation system is crucial for reducing India's reliance on imported coal and promoting domestic coal usage.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Mint
8 hours ago
- Mint
S&P upgrades India's sovereign rating to BBB, cites economic resilience and fiscal discipline
NEW DELHI: S&P Global Ratings on Thursday raised India's long-term sovereign credit rating to BBB from BBB-, citing stronger macroeconomic fundamentals, including economic resilience, sustained fiscal consolidation, and a policy environment conducive to controlling inflation. The upgrade moves India one notch higher within the investment-grade category, a shift that could lower borrowing costs and lift investor sentiment. S&P said continued reforms, fiscal discipline, and infrastructure investment could further strengthen the credit profile in the years ahead. 'The stable outlook reflects our view that continued policy stability and high infrastructure investment will support India's long-term growth prospects,' S&P said in a statement. 'That, along with cautious fiscal and monetary policy that moderates the government's elevated debt and interest burden, will underpin the rating over the next 24 months.' The agency cautioned, however, that the rating could be cut if political resolve to pursue fiscal consolidation weakens, or if economic growth slows materially on a structural basis, undermining fiscal sustainability. The Modi administration has long pressed global rating firms for an upgrade, arguing that India's robust growth, sound fiscal management, structural reforms. particularly in infrastructure and digitalisation, and a resilient banking system are not fully reflected in ratings stuck at the lowest investment grade. Officials contend that such ratings can deter foreign investment and push up borrowing costs. New Delhi has also questioned what it calls opaque methodologies that may be biased against developing economies. Moody's currently rates India at Baa3 with a stable outlook, while Fitch assigns a BBB- rating, also with a stable outlook—both the lowest rung of investment grade. In its report, S&P said the upgrade reflects India's buoyant growth 'against the backdrop of an enhanced monetary policy environment that anchors inflationary expectations.' The agency cited the government's commitment to fiscal consolidation and improving spending quality as factors benefiting credit metrics. Resilient domestic consumption, which accounts for about 60% of GDP, should cushion the impact of external shocks, including potential US tariffs, S&P said. Even if India were forced to stop importing Russian crude, the fiscal impact would be modest given the narrow price gap with international benchmarks, it added. S&P also pointed to the dividends of India's inflation-targeting regime. Despite global commodity volatility, consumer price growth averaged 5.5% over the past three years. Headline inflation eased to 1.6% in July, creating room for the Reserve Bank of India to cut policy rates by as much as 100 basis points this year, to 5.5%. The stable outlook assumes policy continuity, strong infrastructure spending, and prudent fiscal and monetary management will sustain growth while gradually reducing India's debt load. A further upgrade could follow if fiscal deficits fall to structurally lower levels and public debt ratios improve materially, S&P said. India's credit strengths—its dynamic economy, deep domestic capital markets, and strong external position—are tempered by wide fiscal deficits, high public debt, and low per capita income. Yet, with recovery entrenched, reforms advancing, and infrastructure bottlenecks easing, S&P expects these constraints to diminish over time.

Mint
9 hours ago
- Mint
Icodex Publishing Solutions IPO allotment date in focus. GMP, steps to check share allotment status online for SME IPO
Icodex Publishing Solutions IPO Allotment: The initial public offering (IPO) of software developer Icodex Publishing Solutions Ltd received nearly 4 times subscription. The bidding has ended, and now investors focus on Icodex Publishing Solutions IPO allotment date. The public issue was open from August 11 to 13, and Icodex Publishing Solutions IPO allotment date is likely today, 14 August 2025, while the IPO listing date is August 19. Icodex Publishing Solutions IPO is an SME IPO and the equity shares will be listed on BSE SME. The company will finalise Icodex Publishing Solutions IPO allotment status soon. Once the basis of share allotment is out, it will credit the shares into the demat accounts of eligible allotment holders on August 18 and initiate refunds on the same day. Investors can check Icodex Publishing Solutions IPO allotment status online through the websites of BSE and IPO registrar. Cameo Corporate Services is the Icodex Publishing Solutions IPO registrar. To do a Icodex Publishing Solutions IPO allotment status check online, investors must follow a few simple steps mentioned below. Step 2] Select 'Equity' in the Issue Type Step 3] Choose 'Icodex Publishing Solutions Limited' in the Issue Name dropdown menu Step 4] Enter either Application No. or PAN Step 5] Verify by ticking on 'I am not robot' and click on 'Search' Your Icodex Publishing Solutions IPO allotment status will appear on the screen. Step 1] Visit Cameo Corporate Services website on this link - Step 2] Select any one of the given three links to check allotment status Step 3] Choose 'Icodex Publishing Solutions Limited' in the Select Company dropdown menu Step 4] Select among DP ID / Client ID, Application No. or PAN and enter the details as per the option selected Step 5] Enter the Captcha and click on 'Submit' Your Icodex Publishing Solutions IPO allotment status will appear on the screen. Icodex Publishing Solutions shares are available at their issue price, without any grey market premium (GMP) in the unlisted market. According to stock market observers, Icodex Publishing Solutions IPO GMP today is ₹ 0 per share. Icodex Publishing Solutions IPO GMP today signals that the equity shares of the company will be listed at ₹ 102 apiece, without any premium or discount to its issue price of ₹ 102 per share. Icodex Publishing Solutions IPO price band was set at ₹ 98.00 to ₹ 102.00 per share. The ₹ 42.03 crore worth Icodex Publishing Solutions IPO was open for subscription from August 11 to August 13. The public issue was subscribed 3.95 times in total. It was booked 4.67 times in the individual investors category, 33.08 times in the Qualified Institutional Buyers (QIB) segment, and 1.58 times in the Non-Institutional Investors (NII) category. Indcap Advisors Pvt. Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the Icodex Publishing Solutions IPO registrar. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.


India Today
10 hours ago
- India Today
Pakistan's credit rating gets a lift from Moody's. Here's why
US-based credit rating agency Moody's has upgraded Pakistan's credit rating by one notch to Caa1 from Caa2 and assigned a 'stable' agency cited an improving external financial position and steady progress under the IMF Extended Fund Facility (EFF) programme as the main reasons for the upgrade. The $7 billion, 37-month IMF programme, approved in September 2024, has played a key role in stabilising Pakistan's macroeconomic PAKISTAN'S RATING UPGRADEBoth Caa1 and Caa2 are considered low credit ratings, indicating high credit risk. However, Caa1 is one level higher than Caa2, suggesting a slightly lower risk of default. Countries in the Caa category are still vulnerable to economic shocks and face challenges in meeting their debt obligations, but a move from Caa2 to Caa1 signals improved financial decision follows similar actions by other agencies. On July 24, S&P Global Ratings raised Pakistan's rating to B- from CCC+, while Fitch Ratings did the same in April. Both agencies currently have a stable outlook on the RECOVERY SIGNSThe upgrade came just hours after Finance Minister Mohammed Aurangzeb said there was more room for the central bank to cutPakistan's key policy rate from 11%, given the positive economic indicators. Pakistan's foreign exchange reserves have grown from $9.4 billion in August 2024 to $14.3 billion by July 2025. Inflation has also fallen, from a peak of 37.97% in May 2023 to 4.1% in July 2025, hitting a low of 0.3% in April this inflation has moved steadily down:Q1 2023: 29.7% during a severe crisisQ4 2023: 28.3% during IMF bailoutQ2 2024: 20.7% as recovery startedQ4 2024: 11.1% with notable improvementQ2 2025: 0.7% nearing zero inflationGDP growth has also improved, from a contraction of -0.2% in FY2023 to 2.5% in FY2024 and an estimated 2.7% in Minister Shehbaz Sharif said the improved credit rating shows that 'economic policies are heading in the right direction'. Following the announcement, Pakistan's international bonds rose as much as 1 cent to trade between 90 and 100 cents on the dollar, their highest since early 2022, when fears of a debt crisis had pushed them down to about 30 its statement, Moody's said, 'The upgrade to Caa1 reflects Pakistan's improving external position, supported by its progress in reform implementation under the IMF Extended Fund Facility.' However, it said that debt affordability remains one of the weakest among rated countries and highlighted ongoing governance and political STILL REMAINPakistan currently faces a debt burden totalling approximately $267 billion as of May 2025, representing the highest debt level in the country's history. This debt burden continues to pose significant challenges despite recent economic stabilization efforts and credit rating the upgrade, Pakistan's economy continues to face hurdles. The central bank kept interest rates at 11% on July 30, surprising analysts who had expected a cut of up to 100 basis points. The bank cited rising energy prices as a reason for a less favourable inflation outlook, with July inflation climbing to 4.1% next monetary policy announcement is set for September 15.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- EndsMust Watch