National Orientation Programme for Tribal Healers on Public Health held in Hyderabad (See 'Corp Brief') CSIR-NIScPR organises third International Conference on Dissemination of Traditional Knowledge (See 'Corp Brief') A&C - Judicial intervention in arbitral proceedings is warranted only in exceptional cases, such as where party is left remediless under the statute or where clear bad faith is established: HC (See 'Legal Desk') WCL emerges as Growth Engine of Coal India, Records Strong Growth in Production (See 'Corp Brief') DPIIT implements Special Campaign to minimise Pendency Across Offices (See 'Corp Brief') SEBI ACT - Provisions of SEBI (Prohibition of Insider Trading) Regulations are violated where an employee of the Company, possessed & communicated Unpublished Price Sensitive Information regarding its forthcoming financial results to an outsider who then traded in company's shares based on such information: SAT (See 'Legal Desk') CCI approves acquisition of certain stake in Vodafone Group PLC by Vega SAS (See 'Corp Brief') CCI approves acquisition of equity of Solenergi Power by Aditya Birla Renewables (See 'Corp Brief') CCI approves acquisition of certain shareholding in Navi Ltd by MIH Payments (See 'Corp Brief') Insolvency and Bankruptcy Code, 2016 - A post-admission settlement can automatically bypass statutory mechanism mandated under Section 12A of the IBC, 2016, particularly in light of stringent amended provisions governing withdrawal of admitted applications: NCLAT (See 'Legal Desk') CCI approves acquisition of equity share capital of IntelliSmart Infrastructure by Adani Energy (See 'Corp Brief') CCI approves merger of Sapphire Foods India with and into Devyani International (See 'Corp Brief') 87 Crores Individuals Screened for Oral, Breast and Cervical Cancers (See 'Corp Brief') Insolvency and Bankruptcy Code, 2016 - Liquidator's claim for refund cannot be adjudicated in the summary jurisdiction under Section 60(5) of the Code, more so where the parties' claims have not been crystallised through adjudication: NCLT (See 'Legal Desk') India-BLEU Joint Economic Commission Session Held in Luxembourg (See 'Corp Brief') India to promote South-South Cooperation and share Agricultural Innovations (See 'Corp Brief') Companies Act, 2013 - Pendency of challenge to a judgment before a Division Bench does not extinguish its binding force, where judgment is neither set aside nor stayed: HC (See 'Legal Desk') Of 137 commercial mines allocated since 2020, 25 are producing (See 'Corp Brief') MoS releases Foreign Language Compendium of DRDO Products for engagement with international partners (See 'Corp Brief') Trade Marks Act, 1999 - Court's intervention is needed where the parties furnish affidavits making undertakings that effectively resolve the issues at hand: HC (See 'Legal Desk') An unsuccessful 'success fee' litigation (See CORP EINSICHT)

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Coal Ministry reviews status of Captive Coal Mines' Production

Published: Jul 03, 2024

By TIOLCorplaws News Service

NEW DELHI, JULY 03, 2024: ADDITIONAL Secretary and Nominated Authority, Ministry of Coal, M. Nagaraju, chaired a crucial meeting to review the status of "producing and expected to produce" and "Non-Operational" captive and commercial coal mines on 01st July 2024 in New Delhi. The comprehensive review focused on highlighting the government's commitment to enhancing domestic coal production. During the meeting, Nagaraju appreciated the efforts of all the allottees for increased coal production and advised them to put in further efforts to achieve the committed coal production targets of FY 2024-25. Additional Secretary further impressed upon the allottees to take necessary steps to operationalize the coal blocks that are in advanced stages of operationalization.

As of 30th June, 2024, 54 captive/commercial coal mines are under production out of which 32 mines are allocated to the power sector, 12 to non-regulated sector and 10 mines are allocated for sale of coal. Eleven mines are expected to commence coal production in FY 2025. Production of Coal from these mines as on date is 39.53 MT with an outstanding growth of 35% YoY.

65 non-operational coal blocks are in various stages of obtaining regulatory clearances. These blocks are distributed across nine states: Arunachal Pradesh, Assam, Chhattisgarh, Gujarat, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, and West Bengal.

This high-level meeting underscores the Ministry's proactive approach in monitoring and optimizing coal production to meet the nation's energy needs. The review of both operational and non-operational mines indicates a strategic focus on maximizing resources and addressing any hurdles in coal extraction.

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