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The prime minister´s enormous ambition of installing 100 GW (or 100,000 MW) of solar power plants by 2022, in seven years straight, up from just 4 GW today, has set the momentum for solar power generation in India.

Rising global worries over the environment and pressure from green groups has created a stumbling block for India´s plan to raise as much as $3.3 billion from selling a 10 per cent stake in Coal India Ltd (CIL).

Coal India subsidiary Central Coalfields Ltd (CCL), a has got environment clearance for its Rs.228 crore Pichri open cast mine to produce up to 1.5 million tonnes per annum coal in Bokaro district in Jharkhand.

Loss making subsidiaries of Coal India Ltd have been given permission to adopt 2007 pay revision, as an exception to the prescribed affordability clause and payment of Performance Related Pay (PRP), to executives and non-unionised supervisors of all subsidiaries of CIL.

The non-power consumers of coal, which have been receiving supplies on an ad hoc basis from Coal India, will now have to participate in the miner´s coal auctions, which will be on the same lines as spot e-auctions, according to a senior executive.

Coal India is facing difficulty in finding sufficient buyers on its e-auction platform. In July, only 68 per cent of the coal offered in e-auction found takers. In July 2014, that ratio was at around 90 per cent. The ratio of average allocation to the offered quantity fell from 91 per cent last year to 73 per cent this year.

Coal India Limited´s e-auction sales in Q1FY2015-16 has once again reached 16 million tonnes (mt), which is over 12 per cent of its April-June quarter´s total offtake.

Coal India is facing difficulty in finding sufficient buyers on its e-auction platform. In July, only 68 per cent of the coal offered in e-auction found takers. In July 2014, that ratio was at around 90 per cent. The ratio of average allocation to the offered quantity fell from 91 per cent last year to 73 per cent this year.