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Government raises Rs 1,200 crore through sale of 9.2% stake in NALCO

The government has raised over Rs 1,200 crore through the sale of 9.2% stake in National Aluminium Company (NALCO) as both retail and institutional investors lapped up the shares offered to them. With bids, over 1.84 times the shares on offer, the subscription of institutional investors was valued at Rs ... Read More »

Coal India plans to set up methanol plant in West Bengal

Coal India (CIL) is planning to set up a coal based methanol plant in West Bengal. The company intends to diversify into new ‘Coal to Chemical business’ domain by converting the high calorific value, low ash thermal coal into chemical. In order to implement the new strategy, premises of its ... Read More »

Coal India plans to acquire coking coal assets in Australia: Report

Coal India is reportedly looking to buy coking coal assets in Australia, as the country looks to beef up its foreign coal assets. The state-controlled company is currently zeroing in on Australia and South Africa. In February the company planned to acquire coking coal assets abroad as India lacked technology ... Read More »

Strict check bring record revenue of 162L for mines department

Udaipur : The Directorate of Mines and Geology has earned a record revenue of 1.62 Crore rupees in the financial year that ended in March. This income has come after strict check on illegal mining activities and transportation in Udaipur division including Rajsamand and Banswara districts. “ In the financial year ... Read More »

NLC India plans to increase its lignite mining capacity: Report

NLC India is reportedly planning to increase its lignite mining capacity to 62.15 million tonnes per annum (MTPA) by 2025 from 30.60 MTPA currently. The Navratna public sector enterprise is also planning to have a coal production capacity of 31 MTPA and power generating capacity to 20,971 Mw by 2025. ... Read More »

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