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')

Minister lays foundation stone of two projects of CCL

Published: Oct 08, 2024

By TIOLCorplaws News Service

NEW DELHI, OCT 08, 2024: UNION Minister of State for Coal and Mines Satish Chandra Dubey yesterday laid the foundation stone of Karo Coal Handling Plant and Konar Coal Handling Plant in Bokaro and Kargali area of CCL. The capacity of these two projects is 7 million tonnes per annum and 5 million tonnes per annum respectively. Member of Parliament, Giridih, Chandra Prakash Chaudhary, MLA, Bermo, Kumar Jayamangal (Anoop Singh), Chairman of Coal India Limited, PM Prasad, CMD, CCL Nilendu Kumar Singh, senior officers of CCL, representatives of workers' union and other stakeholders were present on the occasion. Minister Dubey also planted saplings during the foundation stone laying ceremony of Konar Project under the campaign "Ek Ped Maa Ke Naam".

Karo and Konar coal handling plants will prove to be an important step in the direction of First Mile Rail Connectivity, under which arrangements will be made to take the coal produced from the coal mines to the nearest railway circuit, from where it will be transported to thermal power plants and other consumers across the country. Currently, coal from these mines is brought to the railway siding by road.

Konar Coal Handling Plant : The plant includes a hopper, crusher, coal storage bunker of 10000 tonne capacity and 1.6 km long conveyor belt, with the help of which coal will be transferred to railway wagons through Silo bunker of 1000 tonne storage capacity. The cost of the project of 5 million tonnes per annum capacity is Rs. 322 crore. With the commencement of this project, the current rake loading time will be reduced from 5 hours to 1 hour, which will speed up coal dispatch and increase the availability of rakes.

Karo Coal Handling Plant : The plant includes a hopper, crusher, coal storage bunker of 15000 tonne capacity and 1 km long conveyor belt, with the help of which coal will be transferred to railway wagons through silo bunker of 4000 tonne storage capacity. The cost of this project of 7 million tonnes per annum capacity is Rs. 410 crores. With the start of this project, the current rake loading time will be reduced from 5 hours to 1 hour which will speed up the dispatch of coal.

These closed-loop, fully mechanized systems will bring speed and efficiency in the dispatch of coal by eliminating transportation by road and thus reduce diesel consumption. It will also help in reducing dust and vehicle-borne pollution in the area.

TIOL CORP SEARCH

TIOL GROUP WEBSITES