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Business Standard
23-05-2025
- Business
- Business Standard
Coal ministry to auction 25 commercial mines in FY26 to boost output
The Ministry of Coal, in its second action plan for 2025-26 (FY26), outlined strategies to hold three auctions for 25 commercial mines as part of the government's efforts to boost domestic production, reduce imports, and ensure long-term energy security. Seven commercial mines are expected to start production in FY26, according to ministry's estimates. The ministry had set a target to open 100 new mines to create an additional production capacity of 500 million tonnes (mt) every year by FY30. Of this, 13 mines were operationalised in FY25 with a capacity of 83 mt. To achieve the target, the ministry proposed to operationalise over 20 new mines with an aggregate capacity of more than 80 mt per year in FY26, including coal public-sector undertakings, commercial, and captive mines. Plans for an 'on-demand' coal supply capacity to consumers by FY47 are also underway, for which additional coal capacity is required. The ministry also lowered its production target for FY26 at 1.15 billion tonnes (bt), from 1.19 bt set in November. However, it is higher than the country's FY25 production of 1.05 bt. For FY26, coal production and dispatch from commercial mines is aimed at 203.4 mt. Coal dispatch from captive and commercial mines in FY25 stood at 190.4 mt. The ministry will 'provide coal linkages to consumers without any requirement of specific use in addition to present end use-based linkages". However, this will require amendment to the non-regulated sector linkage auction policy of 2016. Mineral Concession Rules (1960) will be amended to effectively implement the guidelines required for preparation of the mining and mine closure plan for coal and lignite mines, 2005, which was issued on January 31. This will allow the mining plan to cover an area beyond the block boundary – where such an area bears coal but extraction of which is not feasible. For FY26, the ministry proposed to commission 3x660 Mw Ghatampur thermal power plant (TPP) and begin two pithead projects of Coal India. One 660 Mw unit of Ghatampur TPP was operationalised in November last year as the ministry looked to diversify the coal PSUs in setting up new pithead coal-based TPPs with the latest energy-efficient super or ultra critical technologies. To achieve net-zero electricity consumption via solarisation, the ministry proposed completion of the target under PM Suryaghar Yojana and commissioning of 810 Mw RRVUNL solar project in Rajasthan in FY26. Given the availability of energy sources and cost competitiveness, coal for India is likely to be the main contributor to new capacity, Moody's Ratings said on Thursday.
New Indian Express
22-04-2025
- Business
- New Indian Express
Emmvee eyes Rs 2,500 crore revenues, opens new plant
BENGALURU: Homegrown solar energy sector pioneer Emmvee is eyeing Rs 2,500 crore in revenues this year, supported by a healthy order book and strategic expansion, encompassing both domestic as well as international markets. The Bengaluru-headquartered company recently inaugurated a new facility in Sulibele, near Kempegowda International Airport. With this expansion, it will add ~2 GWp module capacity to become around 6.6 GWp-strong in solar photovoltaic (PV) modules, and 2.5 GWp in solar cells. This 4 lakh sqft unit, on which Emmvee has invested Rs 250 crore, will employ a workforce of over 500, who will add to its existing headcount of 2,000. Meanwhile, Emmvee also operates a larger facility in Dobbaspet, Tumakuru. "We launched in 1992 with the production of rooftop solar thermal systems, and then diversifying to PV module manufacturing in 2006. Until 2014, 100% of our modules were exported to Europe. With the announcement of the National Solar Mission after 2010, we focused more on India, and began with 15 MWp of module capacity," Emmvee CMD DV Manjunatha told TNIE. While the Dobbaspet plant has a smaller line for water heaters, 95% of Emmvee's business is derived from modules. "Now, there is a huge demand for solar PV modules, as an addition to more conventional sources of power generation, all in an effort to minimise power cuts. Also, modules are among the most cost-effective sources of power generation," informed Emmvee president and CEO Suhas Donthi. The said modules are used for solar power generation, and can also drive solar pumps, streetlights, satellites and so on. Over the years, Emmvee has expanded internationally as well, with a presence across Europe, Africa and North America. Specifically, it operates a solar power plant in Germany. However, Emmvee continues to prioritise domestic production. 'We are committed to reducing import dependency and building a resilient local supply chain,' Manjunatha said. Currently, the company boasts of over 50% localisation. "Our plan is to make our cell manufacturing capacity on par with our module manufacturing capacity. By producing more solar cells, our import costs drastically drop," mentioned Donthi. Domestically, Emmvee also contributes to major government initiatives like PM Suryaghar Yojana and the PM-KUSUM scheme, aligning with India's energy independence goals, while continuing to remain bullish on state-run energy utilities and the private sector for growth. Separately, it recently committed to invest Rs 15,000 crore in a new solar manufacturing hub in Karnataka. "The Union government is aiming to achieve net zero by 2047, and by 2030 itself, it's eyeing 450 GW of renewable energy. To meet that requirement, based on the demand, we also wish to expand in a phased manner. The new facility is a step in the company's dedication to supporting India's renewable energy goals and achieving solar manufacturing self-reliance," Manujunatha said. Currently, within India's renewable energy landscape, solar power leads the way with an installed capacity of 105.65 GW.
