You are here: Home » Economy & Policy » News
Business Standard

India to require 884.87 mt of coal in 2016-17: Govt

This assessment has been done for the period up to 2016-17 wherein the demand for coal has been assessed at 884.87 mt, says Coal Minister Piyush Goyal

Press Trust of India  |  New Delhi 

Minister of State for Power, Coal and New and Renewable Energy Piyush Goyal
Minister of State for Power, Coal and New and Renewable Energy Piyush Goyal

India's annual requirement for the current financial year has been pegged at 884.87 million tonnes (mt).

"Niti Aayog carries out an annual assessment of requirement of for the country. This assessment has been done for the period up to 2016-17 wherein the demand for has been assessed at 884.87 mt," Minister said in a written reply to Lok Sabha.

The demand for is not estimated separately for state and Union Territories, he added.

The steps taken by the government to increase domestic production include efforts to expedite Environment Clearances and Forest Clearances, pursuing with the state government for assistance in land acquisition and coordinated effort with the Railways for movement of coal, he said.

"A road map has been prepared by India (CIL) to substantially enhance production of by 2019-20. This includes capacity addition from new projects, use of mass production technologies and identification of existing ongoing projects with growth potential," Goyal added.

In a separate query, the minister said the total produced in the country during 2015-16 was to the tune of 639.23 mt.

To another question, Goyal informed the House that under provisions of the (Special Provisions) Act, 2015, 83 (31 by way of auction and 52 by allotment) have been allocated so far.

Out of these, 30 for utilisation in specified end-uses — power (regulated sector) and iron and steel, cement, captive power production (non-regulated sector) have been allotted to private sector entities who participated in the three tranches of e-auction of these mines, he added.

An amount of Rs 444.67 crore has been invested by the successful bidders of private sector entities towards payment of cost of land and mine infrastructure, he said.

"The government does not keep details of private sector investments post allocation of the mines. From these 30 allotted to private sector entities, revenue generated (excluding royalty, cess and taxes) till October, 2016, is Rs 1,430.34 crore, which includes Rs 848.15 crore of e-auction proceeds and Rs 582.19 crore of upfront payment," he said.

Mining operations have commenced and my opening permission has been granted in 11 and 9.559 mt (provisional) of has been produced since the commencement of mining operations, the minister said.

RECOMMENDED FOR YOU

India to require 884.87 mt of coal in 2016-17: Govt

This assessment has been done for the period up to 2016-17 wherein the demand for coal has been assessed at 884.87 mt, says Coal Minister Piyush Goyal

This assessment has been done for the period up to 2016-17 wherein the demand for coal has been assessed at 884.87 mt, says Coal Minister Piyush Goyal
India's annual requirement for the current financial year has been pegged at 884.87 million tonnes (mt).

"Niti Aayog carries out an annual assessment of requirement of for the country. This assessment has been done for the period up to 2016-17 wherein the demand for has been assessed at 884.87 mt," Minister said in a written reply to Lok Sabha.

The demand for is not estimated separately for state and Union Territories, he added.

The steps taken by the government to increase domestic production include efforts to expedite Environment Clearances and Forest Clearances, pursuing with the state government for assistance in land acquisition and coordinated effort with the Railways for movement of coal, he said.

"A road map has been prepared by India (CIL) to substantially enhance production of by 2019-20. This includes capacity addition from new projects, use of mass production technologies and identification of existing ongoing projects with growth potential," Goyal added.

In a separate query, the minister said the total produced in the country during 2015-16 was to the tune of 639.23 mt.

To another question, Goyal informed the House that under provisions of the (Special Provisions) Act, 2015, 83 (31 by way of auction and 52 by allotment) have been allocated so far.

Out of these, 30 for utilisation in specified end-uses — power (regulated sector) and iron and steel, cement, captive power production (non-regulated sector) have been allotted to private sector entities who participated in the three tranches of e-auction of these mines, he added.

An amount of Rs 444.67 crore has been invested by the successful bidders of private sector entities towards payment of cost of land and mine infrastructure, he said.

"The government does not keep details of private sector investments post allocation of the mines. From these 30 allotted to private sector entities, revenue generated (excluding royalty, cess and taxes) till October, 2016, is Rs 1,430.34 crore, which includes Rs 848.15 crore of e-auction proceeds and Rs 582.19 crore of upfront payment," he said.

Mining operations have commenced and my opening permission has been granted in 11 and 9.559 mt (provisional) of has been produced since the commencement of mining operations, the minister said.
image
Business Standard
177 22

India to require 884.87 mt of coal in 2016-17: Govt

This assessment has been done for the period up to 2016-17 wherein the demand for coal has been assessed at 884.87 mt, says Coal Minister Piyush Goyal

India's annual requirement for the current financial year has been pegged at 884.87 million tonnes (mt).

"Niti Aayog carries out an annual assessment of requirement of for the country. This assessment has been done for the period up to 2016-17 wherein the demand for has been assessed at 884.87 mt," Minister said in a written reply to Lok Sabha.

The demand for is not estimated separately for state and Union Territories, he added.

The steps taken by the government to increase domestic production include efforts to expedite Environment Clearances and Forest Clearances, pursuing with the state government for assistance in land acquisition and coordinated effort with the Railways for movement of coal, he said.

"A road map has been prepared by India (CIL) to substantially enhance production of by 2019-20. This includes capacity addition from new projects, use of mass production technologies and identification of existing ongoing projects with growth potential," Goyal added.

In a separate query, the minister said the total produced in the country during 2015-16 was to the tune of 639.23 mt.

To another question, Goyal informed the House that under provisions of the (Special Provisions) Act, 2015, 83 (31 by way of auction and 52 by allotment) have been allocated so far.

Out of these, 30 for utilisation in specified end-uses — power (regulated sector) and iron and steel, cement, captive power production (non-regulated sector) have been allotted to private sector entities who participated in the three tranches of e-auction of these mines, he added.

An amount of Rs 444.67 crore has been invested by the successful bidders of private sector entities towards payment of cost of land and mine infrastructure, he said.

"The government does not keep details of private sector investments post allocation of the mines. From these 30 allotted to private sector entities, revenue generated (excluding royalty, cess and taxes) till October, 2016, is Rs 1,430.34 crore, which includes Rs 848.15 crore of e-auction proceeds and Rs 582.19 crore of upfront payment," he said.

Mining operations have commenced and my opening permission has been granted in 11 and 9.559 mt (provisional) of has been produced since the commencement of mining operations, the minister said.

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard