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Business Standard
08-07-2025
- Business
- Business Standard
BCCL restarts long-shut coking coal mine under private partnership model
Bharat Coking Coal Ltd (BCCL) has resumed coal production from its long-idled project in Dhanbad, marking the first operational mine developed under the Mine Developer and Operator (MDO) model within the Coal India Ltd (CIL) ecosystem. BCCL is a subsidiary of CIL. The Pootkee Balihari (PB) project has been awarded to Eagle Infra India Ltd for 25 years. It is expected to produce 52 million tonnes of coking coal — an essential input for the steel and infrastructure sectors — at a peak rated capacity of 2.7 million tonnes per year, the Ministry of Coal said in a statement. The project will bring advanced mining technologies and is expected to boost local employment and regional economic development. The mine was virtually inaugurated by Coal India Chairman P.M. Prasad, who called the revival a 'pioneering step' in transforming old assets into productive ventures. The PB project is among the early outputs of Mission Coking Coal, a government initiative to increase the domestic supply of the fuel critical to the infrastructure and manufacturing sectors.
Mint
09-05-2025
- Business
- Mint
Coal India to invest ₹25,000 crore to augment renewable energy capacity
As Coal India Ltd diversifies its operations amid the energy transition race, the state-run coal mining major has signed a memorandum of understanding (MoU) to supply 4,500MW of renewable power to Greenko founders-backed AM Green's green ammonia facilities. It is one of the largest renewable energy contracts in the world, said AM Green in a statement on Friday, adding that a formal non-binding MoU, for long-term supply and sourcing of solar and wind energy, was inked on 7 May between the two entities. CIL will invest around ₹ 25,000 crore to set up capacities to fulfil the contract. 'While the solar power capacity would be to the tune of 2,500MW to 3,000MW, wind is expected to account between 1,500MW and 2,000 MW at an estimated total outlay of around ₹ 25,000 crore. Potential sites for wind projects will be explored in the southern states of the country. And, for solar plants in the sunny states like Gujarat and Rajasthan,' the statement said. AM Green will integrate the two renewable sources supplied by CIL with pumped hydro storage to ensure a steady supply of green energy to its facilities. 'While coal remains our mainstay in meeting India's expanding energy needs in the near term, our plans include a proactive role in building a greener and more sustainable future. This is in consonance with our commitment to become the country's integrated energy provider,' said P.M. Prasad, chairman and managing director of Coal India Ltd. AM Green, promoted by the founders of Greenko, aims to produce 5 million tonnes per annum (mtpa) of green ammonia by 2030. This equals around 1 mtpa of green hydrogen and represents a fifth of India's target for green hydrogen production under the National Green Hydrogen Mission. 'We are delighted to partner with CIL on one of the world's largest carbon-free, renewable energy supply contracts. We aim to become one of the most cost-competitive producers of green hydrogen, green ammonia, and other green molecules in the world," said Anil Chalamalasetty, founder of the Hyderabad-based Greenko Group and AM Green. AM Green was established as a new energy transition platform. Its aim is to produce sustainable aviation fuel, green ammonia, green hydrogen, green chemicals, and biofuels and to establish related technology partnerships and services through its various business verticals, which are housed in its subsidiaries. AM Green will house production of green chemicals, green hydrogen, and biofuels. Its minerals arm AMG Metals & Minerals (AMG M&M) has also tied up with global mining major Rio Tinto to set up the world's largest renewable-powered aluminium facility in the country at an investment of about $6 billion.
Mint
09-05-2025
- Business
- Mint
Coal India to invest ₹25,000 crore to augment renewable energy capacity
As Coal India Ltd diversifies its operations amid the energy transition race, the state-run coal mining major has signed a memorandum of understanding (MoU) to supply 4,500MW of renewable power to Greenko founders-backed AM Green's green ammonia facilities. It is one of the largest renewable energy contracts in the world, said AM Green in a statement on Friday, adding that a formal non-binding MoU, for long-term supply and sourcing of solar and wind energy, was inked on 7 May between the two entities. CIL will invest around ₹ 25,000 crore to set up capacities to fulfil the contract. 'While the solar power capacity would be to the tune of 2,500MW to 3,000MW, wind is expected to account between 1,500MW and 2,000 MW at an estimated total outlay of around ₹ 25,000 crore. Potential sites for wind projects will be explored in the southern states of the country. And, for solar plants in the sunny states like Gujarat and Rajasthan,' the statement said. AM Green will integrate the two renewable sources supplied by CIL with pumped hydro storage to ensure a steady supply of green energy to its facilities. 'While coal remains our mainstay in meeting India's expanding energy needs in the near term, our plans include a proactive role in building a greener and more sustainable future. This is in consonance with our commitment to become the country's integrated energy provider,' said P.M. Prasad, chairman and managing director of Coal India Ltd. AM Green, promoted by the founders of Greenko, aims to produce 5 million tonnes per annum (mtpa) of green ammonia by 2030. This equals around 1 mtpa of green hydrogen and represents a fifth of India's target for green hydrogen production under the National Green Hydrogen Mission. 'We are delighted to partner with CIL on one of the world's largest carbon-free, renewable energy supply contracts. We aim to become one of the most cost-competitive producers of green hydrogen, green ammonia, and other green molecules in the world," said Anil Chalamalasetty, founder of the Hyderabad-based Greenko Group and AM Green. AM Green was established as a new energy transition platform. Its aim is to produce sustainable aviation fuel, green ammonia, green hydrogen, green chemicals, and biofuels and to establish related technology partnerships and services through its various business verticals, which are housed in its subsidiaries. AM Green will house production of green chemicals, green hydrogen, and biofuels. Its minerals arm AMG Metals & Minerals (AMG M&M) has also tied up with global mining major Rio Tinto to set up the world's largest renewable-powered aluminium facility in the country at an investment of about $6 billion. Further, although the production and use of coal for power generation has gained momentum amid rising electricity demand, in the long run, new energy sources will be more prominent. In the past few years, CIL has taken steps to diversify its operations and move towards cleaner fuels.
Time of India
22-04-2025
- Business
- Time of India
Coal India shares in focus after signing Rs 16,500-cr power project deal in Jharkhand
Live Events Coal India share price (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of state-run Coal India will be in focus on Tuesday after the company announced that it has entered into an agreement with Damodar Valley Corporation (DVC) to jointly establish a coal-based power plant in Jharkhand, involving a total investment of Rs 16,500 plant will have two 800 MW units and will be an expansion of an existing 500 MW its footprint in thermal power generation , Coal India said it has formally partnered with DVC to develop a 2x800 MW ultra-supercritical thermal power project. The plant will be a brownfield expansion of the existing Chandrapura Thermal Power Station , which currently runs at a capacity of 2x250 proposed project will be developed under a joint venture, with both entities holding an equal 50% equity stake. Coal for the plant will be sourced from nearby coalfields operated by CIL subsidiaries — Bharat Coking Coal Ltd (BCCL) and Central Coalfields Ltd (CCL).The non-binding Memorandum of Understanding (MoU) was signed in Kolkata on Monday in the presence of CIL Chairman P.M. Prasad and DVC Chairman S. Suresh Kumar. The pact was inked by Debasish Nanda, Director (Business Development) at CIL, and Swapnendu Kumar Panda, Member (Technical) at company's shares fell 8% and underperformed its sector by 15% in the past year. Meanwhile, the stock has offered 94% and 188% returns in the last three and five years, respectively. According to Trendlye, Coal India has worse one year returns than Nifty50, Sensex, industry, and sector.
Economic Times
22-04-2025
- Business
- Economic Times
Coal India shares in focus after signing Rs 16,500-cr power project deal in Jharkhand
Coal India and Damodar Valley Corporation (DVC) are partnering to establish a coal-based power plant in Jharkhand with an investment of ₹16,500 crore. The project involves adding two 800 MW units to DVC's existing Chandrapura Thermal Power Station. This expansion will be a joint venture with equal equity stakes. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of state-run Coal India will be in focus on Tuesday after the company announced that it has entered into an agreement with Damodar Valley Corporation (DVC) to jointly establish a coal-based power plant in Jharkhand, involving a total investment of Rs 16,500 plant will have two 800 MW units and will be an expansion of an existing 500 MW its footprint in thermal power generation , Coal India said it has formally partnered with DVC to develop a 2x800 MW ultra-supercritical thermal power project. The plant will be a brownfield expansion of the existing Chandrapura Thermal Power Station , which currently runs at a capacity of 2x250 proposed project will be developed under a joint venture, with both entities holding an equal 50% equity stake. Coal for the plant will be sourced from nearby coalfields operated by CIL subsidiaries — Bharat Coking Coal Ltd (BCCL) and Central Coalfields Ltd (CCL).The non-binding Memorandum of Understanding (MoU) was signed in Kolkata on Monday in the presence of CIL Chairman P.M. Prasad and DVC Chairman S. Suresh Kumar. The pact was inked by Debasish Nanda, Director (Business Development) at CIL, and Swapnendu Kumar Panda, Member (Technical) at company's shares fell 8% and underperformed its sector by 15% in the past year. Meanwhile, the stock has offered 94% and 188% returns in the last three and five years, respectively. According to Trendlye, Coal India has worse one year returns than Nifty50, Sensex, industry, and sector.
