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CMPDIL files for IPO; signs MoU with NALCO for Utkal coal project

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Central Mine Planning & Design Institute Limited (CMPDIL), a wholly owned subsidiary of Coal India Limited, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). The IPO will be an offer for sale of up to 71.4 million equity shares by Coal India Limited. Separately, on May 23, 2025, CMPDIL signed a memorandum of understanding (MoU) with National Aluminium Company Limited…

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Ministry of Coal introduces incentives to boost underground coal mining

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The Ministry of Coal in India has introduced new policy incentives aimed at boosting underground coal mining. These incentives are designed to reduce financial burdens and encourage investment in the sector. Key measures include a reduction in the floor percentage of revenue share for underground coal mines from 4% to 2%, along with the complete waiver of mandatory upfront payment requirements. In addition, a 50% rebate on performance security for underground coal blocks continues to…

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Coal Ministry awards Marwatola-II and Namchik West blocks in latest auction

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The Ministry of Coal has signed agreements for two coal blocks under the 11th round of commercial coal mine auctions. Marwatola-II has been awarded to Singhal Business Private Limited. Namchik West has gone to PRA Nuravi Coal Mining Private Limited. One of the blocks is fully explored, while the other is partially explored. Together, the two mines have a peak rated capacity of 0.34 million tonnes per annum. They are expected to generate Rs 1.06…

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NTPC reports strong growth in power generation in FY 2024-25

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NTPC achieved significant growth during the April-December period of FY 2024-25. Power generation reached 326 billion units (BU), a four per cent increase from last year.  The company made notable progress in coal mining, extracting 30.88 MT, a 23 per cent year-over-year rise. The plant load factor (PLF) of NTPC’s coal stations reached 76.20 per cent by the end of Q3.  By December 2024, NTPC Group’s installed capacity grew to 76,598 MW, with 2,724 MW…