Diaspora vital connectors between India and global innovation ecosystems: MoS (See 'Corp Brief') Srinagar Khel Sankalp affirms unified commitment to athlete-centric sports ecosystem (See 'Corp Brief') IBC - If corporate debtor is solvent & functioning company, then insolvency process invoked only to secure payment of individual dues by initiation of CIRP, amounts to misuse of IBC as recovery mechanism: SC (See 'Legal Desk') Reining in Misuse of IBC for Recovery (See CORP EINSICHT) SAMAVESH Portal, NMBA 2.0, SETU and SMILE Beggary Apps Launched at Chandigarh Shivir (See 'Corp Brief') PMLA - Attachment of a residential property upheld where Act itself permits attachment not only of property directly acquired from proceeds of crime, but also of untainted property representing equivalent value where actual proceeds of crime are unavailable or untraceable: HC (See 'Legal Desk') Veep urges Youth to become Job Creators and Nation-Builders (See 'Corp Brief') CCIC launches 'Soul Threads' - A Heritage Designer Collection Celebrating Artisanal Legacy (See 'Corp Brief') IBC - If statutory authority, during subsistence of moratorium u/s 14, directs bank to place lien on bank accounts of Corporate Debtor, and bank acts on same, it would amount to execution against Corporate Debtor and is barred by Sec 14: NCLT (See 'Legal Desk') IPR - As Constitutional Court under Article 215 of Constitution, appropriate orders are warranted to ensure that its directions are not taken in perfunctory or dismissive manner: HC (See 'Legal Desk') Prohibition of Benami Property Transactions Act, 1988 - Mere involvement of cash does not exclude transaction from ambit of benami, particularly where source is undisclosed & transaction is structured to legitimize unaccounted money during demonetization: SAFEMA Tribunal (See 'Legal Desk') PMLA - Mere fact that some allegations in predicate FIR were quashed, or that attached property was allegedly purchased before crime period, did not invalidate attachment if companies were recipients of proceeds of crime: SAFEMA (See 'Legal Desk')

Print

Coal production touches 448 mn ton in October

Published: Nov 24, 2022

By TIOLCorplaws News Service

NEW DELHI, NOV 24, 2022: THE total coal production in the country stands at 448 million tonnes (MT) as of October, 2022 which is 18 % higher than the production of the corresponding period of last year.  The growth of coal production from Coal India Ltd (CIL) is also more than 17%.  The Ministry of Coal is planning to build stock at domestic coal-based plants to the tune of 30 million tonne by the end of November, 2022.  It has plan to keep building the stock so that by the end of 31 st March, 2023, Thermal Power Plants (TPP) stock go up to 45 million tonnes.  It is further planned to enhance coal stock at the pithead. 

During the first seven months this year, there is 9 % growth in average rakes per day availability which is helping to transport higher quantity of coal and building up stocks at power plants.  Ministry of Power is also augmenting transportation of coal through rail-cum-road mode.  CIL has communicated quota for RCR mode of lifting to all the power generating companies for next eight months.  This will help power generating companies to plan transportation logistics in advance.  

Ministry of Ports, Shipping and Waterways, Ministry of Power, Railways and Coal are working together to promote transportation of coal through sea route.  So far transportation of coal from MCL to Paradip by rail and thereafter to power plants on Eastern Coast is being made through rail-sea-rail route.  Government is promoting transportation of coal from coal mines in eastern parts of the country to power plants located on the western coast or northern parts of the country.  Accordingly, capacity of coal transportation to Paradip is being augmented.  It is planned to start movement of coal for western coast plants through RSR by early next year.  Government is planning to promote transportation of coal through all three possible modes.

Ministry of Coal is closely monitoring issues related to production, transportation and quality of domestic coal.

TIOL CORP SEARCH

TIOL GROUP WEBSITES

taxindiaonline
taxindiainternational
tioltube
TKF
TIOLawards
A TIOL Website. Copyright © 2025 TIOLcorplaws.com All rights reserved.