PM GatiShakti Group evaluates key Infrastructure projects (See 'Corp Brief') IBC - Waiver of rights under contract such as debenture trust deed cannot be implied if agreement explicitly requires such waiver to be in writing: SC (See 'Legal Desk') IBC - Manner in which bank classifies loan as non-performing asset for accounting or provisioning purposes does not determine IBC, if debt was restructured and acknowledged in fresh agreements: SC (See 'Legal Desk') IBC - corporate restructuring under IBC must be prioritized over stalled and ineffective proceedings under Companies Act to protect public funds and larger economic interest: SC (See 'Legal Desk') IBC - NCLT can't Reject Sec 7 application citing corporate debtor's financial health, once twin requirements of debt & default are established: SC LB (See 'Legal Desk') Misc - civil suit cannot be rejected at threshold under Order VII Rule 11 of CPC merely because it contains ground of coercion, undue influence or misrepresentation: SC (See 'Legal Desk') NI Act - Sec 138 of Negotiable Instruments Act pertaining to cheque dishonor apply only when payment fails because of lack of funds: HC (See 'Legal Desk') SEBI - Principles of natural justice required disclosure of the names and basic details of the complainants, as the adjudication would entail civil consequences: SAT (See 'Legal Desk') India, Kenya hold Working Group Meeting on Agriculture through Virtual Mode (See 'Corp Brief') NIFTEM-K to organise Global Platform with Participation from 25 Countries (See 'Corp Brief') IBC - Moratorium u/s 14 of IBC is intended to preserve debtor's estate from creditor actions aimed at debt recovery, but does not interdict sovereign proceedings in rem for attachment or confiscation under Benami Act: SC (See 'Legal Desk') ESIC commences 75th Foundation Year Celebrations (See 'Corp Brief') Misc - Telecom operator is liable to pay reserve price fixed for November 2012, 2G spectrum auction from February 2, 2012, date on which its licence stood quashed: SC (See 'Legal Desk') Stakeholder Consultation held for inputs on proposed Advanced Manufacturing Systems Mission (See 'Corp Brief') IPR - Registration of Device Mark is to be considered as whole and while determining deceptive similarity with another Trade Mark: HC (See 'Legal Desk') Biotechnology will power next industrial revolution: MoS (See 'Corp Brief') IPR - Trademark could not be removed simply for non-use: HC (See 'Legal Desk') Union Minister inaugurates Special Handloom Expo (See 'Corp Brief') India, Brazil sign TKDL Access Agreement for protection of Patent (See 'Corp Brief') Memorandum of Cooperation signed between Digital Bharat Nidhi and AP (See 'Corp Brief') IPR - Registered mark is liable to be removed if not used for continuous period of five years & three months prior to filing of petition, unless special circumstances are shown: HC (See 'Legal Desk') Footwear Design and Development Institute celebrates 5th Convocation Ceremony (See 'Corp Brief') 96% houses under PMAY-U 2.0 allotted for women (See 'Corp Brief') SEBI - Adjudication proceedings are nullified where the noticee has ceased to exist on account of being struck off the RoC: SEBI (See 'Legal Desk') India-Brazil MoU signed to Deepen MSME Cooperation (See 'Corp Brief') IFSCA-IICA unveil Strategic Roadmap to institutionalize Corporate Governance Ecosystem at GIFT-IFSC (See 'Corp Brief') Grant support extended to 5 Innovators under CSR-backed Programme (See 'Corp Brief') Misc - Notice u/s 91 of CrPC cannot be issued to accused person to compel them to furnish information that is based on their personal knowledge: HC (See 'Legal Desk') MoS holds bilateral Talks with Rwanda ICT Minister (See 'Corp Brief') India, Brazil sign MoU to strengthen and secure steel supply chain (See 'Corp Brief') Misc - SICA - failure to repay dues or subsequent financial incapacity cannot constitute cheating in he absence of fraudulent intent at time of inducement: HC (See 'Legal Desk') Supreme Court Clears Path For Single Insolvency Proceedings Against Linked Group Companies (See CORP EINSICHT)

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