JSW Steel rises 2% on gas supply worries HSBC raises Tata Steel target to ₹250 British Steel to supply 120,000 mt billet to Nigeria ₹3,200 crore Tata Steel EAF starts in Ludhiana
Pralhad Joshi, Union Minister for Coal and Mines, stated that the country's coal production will exceed one billion tonnes for the first time. India will stop importing substitutable coal starting next year, stated Joshi at the second State Mining Ministers' Conference.
The union minister predicted that the country's need to gasify coal will cause many problems in the days ahead.
"Along with these things (difficulties), as far as coal is concerned, this time we are going to cross production of one billion tonnes. This is happening for the first time... I am assuring the country that we are going to stop the import of all substitutable coal from next year," Joshi said.
According to him, the mining ministry is also very important for the country's economy to grow and become the third largest in the world, along with petroleum and natural gas.
Further, he said that Odisha's mining revenue was ₹5,000 crore in 2013-14, and after the auction was resumed in 2018, it went up to ₹25,000 crore. He added that when the Centre liberalised the policies and clearances, revenue increased to ₹49,000 crore in 2022-23.
Joshi also said that the prime minister told him to remember that it is a 'sin' to import minerals available in the country. Although the world order is changing, Joshi said, India will be at the forefront in the 21st century.
The conference's theme is 'Mining and Beyond', and participants came from prominent mining companies, exploration companies, consultancies, and startups. On the occasion, Madhya Pradesh was also given the 'Award of Appreciation' for securing first place in the country's mineral block auction during 2022-23.
Also Read : Rooftop solar plants to be installed in Delhi & will create 50 MW capacity ReNew collaborates with JERA to explore joint development of a green ammonia project in India
A host of major Indian companies, including Tata Steel, BEML, and MRF, are set to announce the...
Business 06-Feb-2026
The World Trade Organization (WTO) has criticised the European Union (EU) for imposing anti-dumping...
Europe 07-Oct-2025
Vedanta is looking for buyers for 2.8 Mn cubic meters of natural gas per day from its Barmer block i...
Large Corporate 31-Jan-2024
According to the company JSW Energy, it has started the construction activities for its Battery Ener...
Large Corporate 10-Jun-2024
The Odisha Industrial Infrastructure Development Corporation has invited tenders for the first-phase...
Construction 19-Feb-2024
Tata Group-owned carrier Air India and plane parts-maker Tata Advanced Systems will invest ₹ 2,300 c...
Large Corporate 19-Feb-2024