Latest news with #SNG
Time of India
20-05-2025
- Business
- Time of India
Govt sees coal gasification as big step for cleaner fuels
New Delhi: The Ministry of Coal has stepped up efforts to promote coal gasification as part of the government's policy to switch to cleaner fuels , greener technologies, and a long-term vision for sustainable and inclusive growth. "Coal gasification transforms solid coal into syngas - a mix of carbon monoxide, hydrogen, and carbon dioxide - unlocking cleaner fuels, chemicals like methanol and ammonia, and reducing emissions," the Coal Ministry said on Tuesday. The Ministry sees coal gasification as "a step toward energy self-reliance and a cleaner industrial future" as it produces cleaner fuels, chemical feedstocks and lower emissions. Coal is one of the most abundant natural resources in the country. Coal gasification technology enables conversion of coal into syngas (synthetic gas), which can be used to produce downstream products like methanol, ammonium nitrate, synthetic natural gas (SNG) and fertilisers, etc. Coal gasification technology provides an alternative use of coal, promoting environmental sustainability to align with the vision of developed India 2047, a senior official said. The government has approved an outlay of ₹8,500 crore as financial incentive, for promotion of coal gasification projects for both government PSUs as well as private sector companies. Leading Maharatna public sector companies Coal India Limited and GAIL (India) Limited (GAIL) have signed a landmark joint venture agreement for setting up a Coal to Synthetic Natural Gas plant using surface coal gasification technology. The plant to come up in the Raniganj area of Eastern Coalfields Limited in West Bengal is expected to produce 80,000 Nm3 per hour of SNG. The annual production is slated at 633.6 million Nm3 per hour, which will require 1.9 million tonnes (mts) of coal to be supplied by Coal India Ltd (CIL). The synergy and partnership of the two corporate giants is a big step towards achieving the goals of the National Coal Gasification Mission, which facilitates the utilisation of the chemical properties of coal. Earlier this year, the Ministry of Coal announced that it has issued Letters of Award (LOAs) to applicants selected under Category II of the ₹8,500 crore Coal Gasification Incentive Scheme aimed at reducing the country's carbon emissions and strengthening energy security. Jindal Steel and Power Limited's 2MMTPA coal gasification project at Angul in Odisha, has been awarded ₹569.05 crore in financial incentives. The ₹3,793 crore project will convert coal into Direct Reduced Iron (DRI) through coal gasification while also setting up a carbon capture and utilisation plant designed to capture 30 TPD of CO2 for conversion into valuable products. New Era Cleantech Solution Private Limited has been given a financial incentive of ₹1,000 crore for its coal gasification project in Bhadravati, Chandrapur, Maharashtra. Greta Energy Limited has also been awarded ₹414.01 crore of financial incentive for its coal gasification project at Bhadravati with a total investment of ₹2,763 crore.
Time of India
16-05-2025
- Time of India
Mistaken identity sparks attack: Bank executive assaulted, bitten by dog during recovery visit
Hyderabad: What began as a routine debt collection turned into chaos on Thursday when a bank executive was assaulted—not just by a man he mistook for a customer, but also by the man's Rottweiler, which sank its teeth into his leg during the confrontation. The incident occurred around 4.30 pm in Jawahar Nagar under the Madhura Nagar police station limits, leaving K Satyanarayana, 39, an RBL bank executive, injured and shaken. According to police, Satyanarayana was on duty trying to locate one B Nandivardhan Rao, a customer with a pending 2 lakh credit card bill. Unable to pinpoint the address, he began asking around in the neighbourhood. A tenant pointed him towards a man named 'Nandu' who lived on the building's first floor, unaware that Nandu was actually Sekhar, and not Nandivardhan. Trusting the lead, Satyanarayana climbed the stairs and was informed by a relative that the person was not home. As Satyanarayana descended and prepared to leave, Sekhar confronted him on the ground floor, irate over the insinuation that he was a defaulter. According to police, Sekhar learned from his family members that a bank executive had come by, inquiring about him and claiming he had a pending credit card bill. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Plastic Surgeon Reveals The 1 Thing Every Woman Should Be Using Instead Of Moisturiser New Skin Discovery Undo "Angered by what he saw as a baseless accusation, Sekhar confronted the bank executive," said sub-inspector SNG Avinash Babu. Despite the banker identifying himself and explaining the confusion, things spiralled fast. "He slapped me twice, smashed my phone, and then pushed his dog towards me. The Rottweiler lunged and bit my left leg," Satyanarayana said in his complaint to police. Bruised and bitten, Satyanarayana rushed to a nearby private hospital and called his manager and colleagues for backup. After treatment, they went straight to Madhura Nagar police station and lodged a complaint. Police booked Sekhar under multiple sections of the Bharatiya Nyaya Sanhita, including 115(2)–voluntarily causing hurt, 126(1)–wrongful restraint, 324(2)–mischief and 291–negligent conduct with respect to an animal. "This was a case of mistaken identity. The bank executive was looking for someone else but approached Sekhar by mistake," said Avinash Babu. "The dog was not on a leash. Sekhar admitted the pet followed him downstairs and bit the man during the heated exchange. The dog was vaccinated," the SI said. Police issued Sekhar a notice under section 35(3) of the Bharatiya Nagarik Suraksha Sanhita, recorded his statement, and released him.
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Business Standard
07-05-2025
- Business
- Business Standard
Coal India Q4 results: Net profit rises 12% to ₹9,593, revenue down 1%
Coal India Limited (CIL) has reported a profit after tax (PAT) of ₹9,593 crore in the financial year 2024-25, marking a 12 per cent increase from the PAT of ₹1,062 crore recorded in the fourth quarter of the previous year. CIL reported a 1 per cent decline in revenue from operations to ₹37,824.54 crore in Q4FY25, compared with ₹38,213.48 crore in the year-ago period. The Board of Directors has recommended a final dividend of ₹5.15 per share for FY25, subject to shareholder approval. Including the interim dividend of ₹21.35 per share paid earlier, the total dividend for the year amounts to ₹26.50 per share. CIL recorded revenue from operations of ₹143,368.92 crore in FY25, marginally lower than ₹144,762.42 crore in FY24. Profit before tax (PBT) stood at ₹46,966.19 crore, compared to ₹48,812.61 crore in the previous year. PAT declined to ₹35,302.10 crore in FY25 from ₹37,369.13 crore year-on-year. The company's EBITDA rose to ₹51,640 crore in FY25, representing 41 per cent of net sales, up from 40 per cent in FY24. Capital expenditure during FY25 stood at ₹19,410.02 crore, down from ₹23,475.41 crore in the previous year. CIL contributed ₹60,959.52 crore to the government exchequer in FY25, compared to ₹60,197.80 crore in FY24. CIL reported a coal excavation of 237.69 million tonnes (MT) in the fourth quarter of FY25, slightly lower than the 241.76 MT recorded in the same period of the previous year. Overburden (OB) removal during the quarter stood at 576.36 million cubic metres, reflecting a 3 per cent year-on-year increase over 558.75 million cubic metres in Q4FY24. For the full fiscal year 2024-25, the company achieved coal production of 781.05 MT, marking a 1 per cent growth over 773.65 MT in the previous year. OB removal rose 3 per cent to 2,018.20 million cubic metres from 1,964.14 million cubic metres, while coal offtake increased by 1 per cent to 763.06 MT from 753.51 MT. In a strategic move, CIL incorporated a new subsidiary, Coal Gas India Limited, on 25 March 2025. The joint venture, formed in partnership with GAIL (India) Ltd, with a shareholding of 51 per cent and 49 per cent respectively, aims to set up a Coal-to-Synthetic Natural Gas (SNG) plant in the Eastern Coalfields Ltd (ECL) command area. On the sustainability front, CIL commissioned a 50 MW solar power plant at Nigahi, Northern Coalfields Ltd, in November 2024—its largest solar installation to date. Additionally, the company was declared the preferred bidder for the Khattali Chotti graphite block in Madhya Pradesh. This marks a strategic entry into the critical minerals sector and is India's first critical mineral asset to be awarded.
Express Tribune
14-03-2025
- Business
- Express Tribune
K-P launches integrated IT portal
Khyber-Pakhtunkhwa has achieved a significant milestone with the launch of an Integrated IT Portal for public sector entities, aimed at ensuring strict financial discipline, transparency in the utilization of public funds, and improved public service delivery. Developed with technical support from the FCDO-funded Sub-National Governance (SNG) Programme, the Integrated IT Portal is set to revolutionize financial oversight and governance across 181 public sector entities (PSEs) in K-P. This centralized platform features real-time financial and operational Key Performance Indicators (KPIs), interactive dashboards, and automated reporting mechanisms. It empowers the Corporate Governance Unit (CGU) of the Finance Department to monitor, manage, and enforce fiscal discipline effectively. The formal launch of the portal took place in Peshawar, with Chief Minister Ali Amin Khan Gandapur as the chief guest. The event was attended by Advisor to the Chief Minister on Finance, Muzammil Aslam, senior government officials, and representatives from partner organizations. Currently, the K-P government oversees 183 public sector entities, including autonomous and semi-autonomous bodies, universities, teaching hospitals, municipal service delivery units, and other public organizations. This new portal enhances financial oversight and operational efficiency across these entities, making K-P the first province in Pakistan to implement such a system. With its launch, the use of the IT portal is now mandatory for all public sector entities in the province. The system offers advanced financial performance indicators, interactive dashboards, and an automated reporting mechanism to facilitate better decision-making, monitoring, and governance. During the event, the first-ever Service Delivery Performance Monitoring Report was also presented. Initially piloted in three departments, the report has now been extended to all government departments and subordinate entities.
BBC News
10-02-2025
- Business
- BBC News
Basingstoke: Former Beacon pub set to become community hub
A former pub has been bought by a council wanting to turn it into a community and Deane Borough Council said it would lease the Beacon pub building on Kings Road, South Ham, to housing provider Sovereign Network Group (SNG), who were working with Westside Community Association (WCA) to provide a community council said it hoped the building would reopen later in the Blunden from WCA said the opportunity meant they could "ensure key services remain available for the community". "With help from SNG and the council, we're excited to start to shape ideas to maximise the use of the space at the new facility," she said Raac found WCA has been looking for more space for its community activities since the discovery of reinforced autoclaved aerated concrete (raac) forced the closure of Westside Community Centre and South Ham council said that it, alongside SNG, had been supporting WCA in their search, and that Russell Howard Park, the Ridgeway Centre in Buckskin, and a new shop in Kings Road were all being used to deliver services such as a community cafe and council's cabinet member for communities, partnerships and inclusion, John McKay, said the WCA's services were important to the local community."We have been doing everything we can to explore opportunities for temporary space in the heart of South Ham to support them to restart more activities for residents of all ages," he said."The purchase of this building provides a unique space to provide these life changing activities in a central and accessible location."He said the council was working to firm up the plans, as well as looking at a more long-term solution. You can follow BBC Hampshire & Isle of Wight on Facebook, X (Twitter), or Instagram.
