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Around Rs.1,395.69 crore has been transferred to coal-bearing states including Odisha, West Bengal and Jharkhand as upfront payment and monthly charges for coal blocks that were both auctioned and allotted during the year, according to sources.

The Cabinet Committee on Economic Affairs, chaired by the PM Modi, has approved the disinvestment of 10% paid up equity capital of Coal India Ltd.

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).

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.

We at Power Today, in our annual endeavour, the Power 20:20 list, have recognised the players responsible for transforming the dynamics of this sector. As a knowledge partner for Power Today 20:20 and Power Today Awards, which is likely to take place in the month of November, this year, PricewaterhouseCoopers Pvt. Ltd has extended its knowledge base support in researching the companies based on various parameters, shared by us.

In an effort to ensure a uniform model for engaging private players in mining to boost output, the coal ministry would be coming up with a model mine development operator (MDO) agreement.

Incorporated in 1973, Coal India Ltd (CIL) is a ´Maharatna´ company under the Ministry of Coal (MoC), Government of India (GoI), and is the single largest coal producing company in the world with reserves of 65 billion tonne.

Coal contributes to 70 per cent of India´s power generation, but the sector still needs to quadruple by 2031 by adding at least 600 GW of coal-based generation capacity to meet future energy demand.