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Union Minister for Coal and Mines G Kishan Reddy on Sunday claimed that the Centre is prioritising energy security by way of a strategic shift towards coal gasification with substantial incentives aiming to reduce imports. Stating that the Centre is giving incentives to the tune of Rs 46,000 crores for coal gasification, he told reporters that more than 35 companies will be starting coal gasification activities in India within two months. "We are encouraging the companies bringing technology to India to solve the technology gap for this purpose", he added. Pointing out that India has the fifth-largest coal reserve in the world, the minister said that electricity is generated from coal in about 73 per cent of thermal power projects in the country. He also recalled that in a major step towards strengthening India's energy security, promoting import substitution, and accelerating industrial self-reliance, the prime minister has laid the foundation stone for the Rs 25,016 crore Lakhanpu
The government on Tuesday said it has published rules for setting up coal exchanges, a move aimed at bringing transparency and efficiency to the country's coal trading ecosystem and modernising the supply chain. Coal exchanges are expected to enable transparent, market-driven price discovery, boost efficiency and give coal producers - including commercial and captive miners - easier access to a wider pool of buyers. Public sector players can also use the platform to increase market participation. "The recently enacted Mines and Minerals (Development and Regulation) Amendment Act, 2025 introduced the concept of a mineral exchange and empowered the central government to promote transparent and efficient trading of minerals, including coal and its processed forms. In pursuance of the above, the Coal Exchange Rules, 2026 have been published by the Ministry of Coal in the Official Gazette on June 4," the coal ministry said in a statement. The ministry has already designated the Coal ...