India's shift towards coal has intensified, with Coal India's production reaching a record 703.91 million tonnes (MT) for the fiscal year until March 7. This move has sparked discussions about the country's renewable energy goals and its ability to meet climate targets. The Ministry of Coal (MoC) has been actively promoting the diversification of Coal Public Sector Undertakings (PSUs), including the establishment of pit-head thermal power plants (TPPs), solar power plants, wind mills, coal/lignite gasification plants, and critical mineral exploration. Additionally, Coal PSUs have surpassed their Capital Expenditure (CAPEX) target for the fiscal year 2023-24, achieving 106.7% of the annual target of Rs. 210.3 billion, with asset monetization reaching Rs. 55,148.33 crore till February 2024, against a target of Rs. 50,118 crore. The Coal Ministry also leads in procurement through the Government e-Marketplace (GeM), achieving 415% of its target.
News Alert | State run coal companies surpass fiscal year capex target of Rs.210.3 bn, achieve 106.7% of target: Coal Ministry (From Agencies) https://t.co/tTJGiTIbDy
News Alert | State run coal companies surpass fiscal year capex target of Rs.210.3 bn, achieve 106.7% of target (From Agencies) https://t.co/evwoZn7viL
🔸Coal PSUs Surpass CAPEX Target for FY 2023-24 by achieving 106.74% of Annual Target 🔸MoC achieves Asset Monetization of Rs. 55148.33 Cr till Feb 2024 against the target of Rs. 50118 Cr 🔸@CoalMinistry at 1st Position in procurement through GeM with achieving 415% of target…
"Coal India production hits record 703.91 MT this fiscal until March 7" https://t.co/qk57mOiXbd
In its new tilt towards coal, India has nothing but itself to blame. It's policy choices, not lack of finance or technology that is stopping India from keep on track to meet its climate goals and energy needs, writes @davidfickling https://t.co/6Btc6PpU7e
Diversification of Coal CPSE’s for Sustainable Energy Ecosystem @CoalMinistry is actively promoting extensive diversification within CPSEs, establishing pit-head TPPs, solar power plants, wind mills, coal/lignite gasification plants, and critical mineral exploration. Read here:…
Modi’s fading renewables vision fires up India’s coal sector https://t.co/bBNfUXuR17 Download Economic Times App to stay updated with Business News - https://t.co/Xguo3yiHQ1 Some plain talk ! https://t.co/PDDUbzuBbU