Geopolitical tensions are likely to force cargo volumes to remain susceptible, even though containerisation of cargo shows growth, according to the rating agency Icra
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The virtual meeting, held under the chairmanship of Additional Secretary and Nominated Authority M Nagaraju on Friday, marked the launch of this auction round on 21 June 2024, offering 67 coal mines
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The index of the coal industry has reached 184.7 points during May 2024 as compared to 167.6 points during the same period of last year and its cumulative index has increased by 8.9 per cent from April to May 2024-25 over the corresponding period of the previous year
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The index of core industries measures the combined and individual performance of production of eight core industries which include Cement, Coal, Crude Oil, Electricity, Fertilizers, Natural Gas, Refinery Products and Steel
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Depleting hydroelectricity output amid irregular rainfall in the past fiscal has led to a lower water level available in India's primary reservoirs which could further reduce hydropower generation during the summer
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This initiative, under the aegis of Eastern Coalfields Limited (ECL), aims to revolutionise the coal industry by converting coal into valuable gases such as methane, hydrogen, carbon monoxide, and carbon dioxide through in-situ gasification
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According to a statement by the Union Ministry of Coal, in this round of coal auction, 60 blocks will be offered.
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The direction came in a review meeting held on Thursday by Reddy with the officials of the Coal Ministry to review the management of captive and commercial coal blocks
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The demand for coal-based power has grown by 7.30 per cent in this financial year compared to last year in the same period
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This move allows the allocate to sell the coal produced from these blocks in the free market, fostering a competitive environment and ensuring better utilization of coal resources
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