Business Daily from THE HINDU group of publications
Tuesday, Dec 11, 2007
ePaper | Mobile/PDA Version


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Coal
‘Centre to quadruple coal output by 2011-12’



Mr Dasari Narayana Rao

Our Bureau

New Delhi, Dec 10 The Centre is aiming to ramp up coal output by as much as four times the current production levels to 104 million tonnes by 2011-12, the Minister of State for Coal, Mr Dasari Narayana Rao, said here on Monday.

Speaking at a coal conference, Mr Rao said that production during the current fiscal was expected to be 24.14 million tonnes. “We are currently considering allocation of another 23 blocks for the steel and cement sectors. So the number of existing and potential producers in coal mining stands substantially increased,” he said.

So far, the Government has allocated 172 coal blocks with reserves of 38.78 billion tonnes to 129 end-users in the public and private sectors. Mr Rao said another 23 blocks are currently being allocated to steel and cement sectors and these blocks have the potential of producing about 700 million tonnes of coal per year.

Power sector allocation

He said the power sector has been allocated 78 blocks with reserves of 23.68 billion tonnes, which can support power generation of about 1 lakh MW of power every year. The Ministry of Power is currently in the process of implementing a massive capacity addition plan aiming to add over 78,000 MW during the current Plan period.

Mr Rao said 38 coal blocks allocated in 2003 would come into production by 2009-12 and are likely to produce 104 tonnes coal by 2011-12.

Also, state-owned Coal India Ltd has been asked to increase underground coal production during the Eleventh Plan and a revised target of 75 tonnes has been set for it during the entire Plan period.

More Stories on : Coal

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
ICICI Bank to offer tax concessions on NRO deposits


Formulate innovative laws for digital economy: Kalam
Industrial demand for gold seen rising
CBEC given powers to appoint standing counsels
Pay interest to assessees on delayed refunds, HC tells Excise Dept
Italy eyes Indian partners for greater tech innovation
Rs 320-cr DFID grant for health sector in AP
Hyderabad hotels may stay open till midnight
MSTC entering iron ore, cement trade
GoM may consider hike in auto fuel prices
Sonatrach and OIL-IOC combine win gas blocks in Libya
More land to be acquired for Jayamkondam project
‘Energy sector needs $500 b during 11th Plan’
CESC prices QIP offering at Rs 618
Chennai large taxpayer unit rolled out
Dismay over slow adoption of large taxpayer units
IOB to accept tax payments
‘Banks must offer cheaper products for SMEs’
‘Private sector can play a role in water supply’
‘Centre to quadruple coal output by 2011-12’
Great Lakes’ biz school fest from Dec 14
Maytas Infra, Vedanta sign pact
Sand plunder
Siemens inks MoU with RITES for rail wagons
CCMB to host Indo-French meet
e-payment of direct taxes may be made mandatory
Private equity deals cross $15-b mark in Jan-Nov


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line