Mining Archives - Newscript EnergyWorld

Coal India powers up ₹25,000cr renewable empire

19Apr

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Coal India powers up ₹25,000cr renewable empire

Executive Summary Coal India commits ₹25,000 crore ($3bn) to develop 4.5GW renewable capacity Partnership with AM Green for renewable ammonia production facilities Targeting 2,500-3,000 MW solar and 1,500-2,000 MW wind projects Strategy aims to future-proof 229,000-strong workforce MoU signed 7 May 2025, marking radical departure from fossil fuels At a windswept site in Rajasthan’s Thar desert, where Coal India once prospected for lignite deposits, engineers now measure wind speeds and solar irradiation levels. The scene captures the magnitude of change at the world’s largest coal producer. Coal India Limited has committed ₹25,000 crore ($3bn) to develop 4.5GW of renewable capacity, marking the state-owned miner’s most radical departure from its fossil...

GST Hike Squeezes Oil Explorers as Tax Burden Climbs to 18%

19Apr

By Newscript News NetworkNo Comments

News Bulletin, Newsletter, Oil & Gas Industry

GST Hike Squeezes Oil Explorers as Tax Burden Climbs to 18%

Executive note India’s oil exploration sector faces a punishing fiscal blow after the GST Council’s decision to raise service taxes from 12% to 18%. The September 2025 hike will saddle upstream companies with billions in additional costs, squeezing ONGC, Oil India, Vedanta and Reliance at a time when commodity price volatility and currency pressures already challenge project economics across the energy sector. India’s upstream oil and gas industry has absorbed a significant fiscal shock following the Goods and Services Tax (GST) Council’s decision to increase rates on exploration and production services. The tax rate climbs to 18% from 12%, effective September 22, 2025, covering petroleum exploration, mining, drilling, and related support activities across the sector. Indu...

From Coal to Clean: India’s Energy Sector Hits Historic Turning Point-Energy Update

19Apr

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Energy Transition, News Update, Renewables

From Coal to Clean: India’s Energy Sector Hits Historic Turning Point-Energy Update

Executive Summary This update examines India’s accelerating energy transition through multiple lenses: record renewable growth driving historic emissions reductions, transformative GST reforms unleashing investment, and ambitious infrastructure modernisation plans. We explore corporate developments at Tata Power and Adani Power, regional initiatives in Haryana’s decentralised energy programme, improved mine worker safety protocols, and international partnerships including Zimbabwe’s Jindal deal. The analysis reveals a sector reaching an inflection point where policy, investment and technology converge to reshape India’s energy landscape fundamentally. Energy Prices Hold Firm but Global Volatility Looms India’s energy markets are calm but cautious as WTI crude sits at $63.75 per barrel...

Lloyds Metals Secures Tandsi-III Coking Coal Mine

19Apr

By Newscript News NetworkNo Comments

News Update

Lloyds Metals Secures Tandsi-III Coking Coal Mine

By Newscript News Network August 20, 2025 Lloyds Metals & Energy has secured the Tandsi-III and Tandsi-III extension coking coal mines, with 23 million tonnes of reserves across Madhya Pradesh and Maharashtra. The acquisition, won with a 10.5% premium, strengthens Lloyds’ raw material security for steel. “India’s steelmakers are heavily import-dependent. This acquisition reduces our vulnerability,” said a company official. Analysts say Lloyds is following integrated strategies of Tata Steel and JSW. Environmentalists argue coal expansion undermines climate goals, but policymakers defend it as vital for steel competitiveness.

Coal PSUs Turn Minelands Green with Afforestation Drive

19Apr

By Newscript News NetworkNo Comments

News Update

Coal PSUs Turn Minelands Green with Afforestation Drive

By Newscript News Network August 20,2025 Coal and lignite PSUs have planted 29 million saplings on 13,400 hectares of mined land over six years, targeting 16,000 hectares by 2030. Methods include Miyawaki forests, drone planting, and seed-ball broadcasting. “This is about leaving a positive footprint where coal has been extracted,” said a Coal India official. Communities are benefiting from biodiversity and water recharge. Critics say plantations can’t offset emissions, but the initiative shows PSUs’ ESG sensitivity.