Coal
CMPDIL plans ₹1,842 crore offer for sale
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Central Mine Planning & Design Institute (CMPDIL), a Miniratna PSU, aims to raise ₹1,842 crore through an offer for sale. The firm has recorded strong financial growth, supported by consistent coal demand and growing exploration prospects. Risks arise from heavy reliance on government revenue and possible policy moves toward green energy.
Indonesia's Finance Minister Purbaya Yudhi Sadewa targets the coal export duty to take effect on April 1, 2026, depending on tomorrow's meeting. The policy, which also covers nickel, has had its rates approved by the President.
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The Union environment ministry's expert appraisal committee has declined to grant an exemption from the minimum depth requirement for underground coal gasification (UCG) projects, citing environmental impacts. The coal ministry sought relaxation of the >300m depth condition for the R&D UCG pilot project at Kasta (West) Block of Eastern Coalfields Limited (ECL) in Jharkhand. The committee emphasized the heterogeneity of Indian conditions and invoked the precautionary principle, rejecting direct comparisons with international precedents.
New England's final coal-fired power plant, Merrimack Station in New Hampshire, has closed three years ahead of schedule due to poor economics. The shutdown coincides with federal efforts to revive the coal industry under the Trump administration. The site's owner plans to repurpose it for clean energy projects.