Ajoy K Das

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Ajoy K Das

India’s domestic gas trading hub likely to be operationalised in March

28th November 2019 India’s protracted efforts to set up a domestic natural gas hub are expected to come to fruition in March 2020, when a national gas trading exchange is expected to become operational. The Indian Energy Exchange – the nationwide automated platform for physical delivery of electricity – will set up... →

UCIL to develop India’s largest uranium deposit

27th November 2019 India’s State-run Uranium Corporation India Limited (UCIL) will develop the country’s largest uranium deposit, entailing an investment of about $845-million and forecast to yield 6 000 t/d of the element. The deposit at Kanampalli, in the southern Indian state of Andhra Pradesh, would be larger... →

NMDC’s iron-ore mining facility suffers extremist attack

26th November 2019 Indian miner NMDC’s iron-ore assets at Dantewada in the central state of Chhattisgarh came under attack from ultra-left-wing extremists on Sunday. According to reports available from the district, the ultra-left extremists, popularly known as naxalites, stormed into the iron-ore mining facility... →

Indian govt comes down on CIL for delays in exploring greenfield assets

26th November 2019 The Indian government has cracked the whip on State-miner Coal India Limited (CIL), directing it to either step up exploration for and production of coal at blocks allotted to it, or see the assets put up for auction. Having liberalised coal mining and with auctions of coal blocks exclusively for... →

India’s NLC ties up with MECL for exploration of greenfield lignite blocks

26th November 2019 India’s State-run NLC Limited (formerly Neyveli Lignite Corporation Limited) has tied up with Mineral Exploration Corporation Limited (MECL) to undertake greenfield exploration of lignite blocks in southern states, the predominant operational hinterland of NLC. The tie-up comes close on the heels... →

India likely to adopt revenue sharing model for commercial coal mining

21st November 2019 India’s Coal Ministry is likely to adopt revenue sharing contracts for next month’s commercial mining coal block auction. The Ministry is expected to announce auction rules soon incorporating revenue sharing model contracts for successful bidders, with domestic miners and global resource majors... →

Indian energy import dependency rises despite industrial output declines

21st November 2019 The Indian energy market is showing dichotomous trends with falling industrial output in line with lower demand for oil and natural gas, but import dependency on imported fossil fuels rising at the same time. Government data shows that Indian oil and natural gas demand declined 1.4% in April to... →

India prioritises coking coal supply contracts over asset acquisition overseas

15th November 2019 The Indian government will prioritise advance supply contracts for coking coal in international markets over outright acquisitions of coal assets in countries overseas. This at a time, when State-miner Coal India Limited (CIL) has initiated moves to invest in coal assets in countries like... →

India proposes free natural gas pricing regime

13th November 2019 The Indian government has started work on implementing a free pricing regime for domestically produced natural gas, which could be freely traded at exchanges. The move is in line with recommendations of government policy advisory body, the National Institute for Transformation of India... →

Protests in Chile, Bolivia threaten India’s search for assets in 'Lithium Triangle'

11th November 2019 Civil unrest and violence in Chile and prospects of tougher security norms, together with unrelenting protests over a disputed electoral process in Bolivia, have thrown a spanner in the wheels of Indian mining companies’ getting a toe-hold in the so-called ‘Lithium Triangle’. As protestors... →

India prioritises coking coal supply contracts over asset acquisition overseas

7th November 2019 The Indian government will prioritise advance supply contracts for coking coal in international markets over outright acquisitions of coal assets in countries overseas. This at a time, when State-miner Coal India Limited (CIL) has initiated moves to invest in coal assets in countries like... →

Hindustan Zinc lines up $2bn investment to ramp up production

31st October 2019 India’s largest zinc miner, Hindustan Zinc Limited (HZL), part of Vedanta Group, has lined up an estimated $2-billion for capital investments over the next five years to ramp up metal production to 1.5-million tons a year, up from 800 000 t/y currently. “We have already started working on... →

Revenue losses mount from Goa iron-ore mine closures – FIMI

31st October 2019 The closure of 88 iron-ore mines in western Indian coastal province of Goa since March 2018 has resulted in loss in revenue of $832-million a year, according to a study of Federation of Indian Mineral Industries (FIMI). According to FIMI, the closure of the mines for the past one-and-half years... →

Indian Cabinet to take up splitting of GAIL India next month

30th October 2019 India’s Union Cabinet of Ministers is likely to consider splitting up operations of natural gas marketing and infrastructure major, GAIL India, but the sale of its pipeline business to a strategic investor has been put on the backburner for at least two years. The Petroleum and Natural Gas... →

India to ease norms for granting iron-ore environmental approvals

30th October 2019 India’s Mines Ministry is likely to ease norms for granting mandatory environmental and forest clearances to prevent disruptions in mining following fresh auctions of numerous iron-ore mining leases expiring on March 31, 2020. The objective is to ensure seamless transfer of mining leases to... →

Coal India sets minimum benchmark for underground mines

30th October 2019 State-run miner Coal India Limited (CIL) has set minimum output per man shift for its underground mines and will curtail production from underground mines if productivity falls below such pre-fixed benchmarks. Stung by sustained losses from its underground mines, CIL has decided to cut down... →

Legislative word change could see NMDC resume Donimalai operations

28th October 2019 A mere substitution of a word in the Mines and Minerals (Regulation and Development) Act (MMRDA) 2015, effected by India’s federal government, has opened up a window for State-run miner NMDC to resume operations of the shuttered Donimalai mines in the southern state of Karnataka. Last month, the... →

India to allow steel firms to divert iron-ore from captive mines

28th October 2019 The Indian government will permit domestic steel producers to divert iron-ore production from captive mines to any other production facilities and/or joint ventures. The relaxation of captive mining rules follows similar liberalisation for State-run Steel Authority of India, which last month was... →

India steps up efforts to woo global coal investors

21st October 2019 Close on the heels of opening up commercial coal mining to overseas resource majors, India’s Coal Ministry is framing a supporting policy framework to woo global resource companies at the forthcoming coal block auctions. “We have opened up the coal mining sector allowing 100% foreign direct... →

Indian aluminium producer forced to shut smelting pots owing to coal shortage

21st October 2019 Indian State-run National Aluminium Company Limited (Nalco) is facing an acute shortage of coal supplies of up to almost 50% of its daily requirement to fuel its 1 200 MW of captive thermal power plant, risking the closure of its smelting potlines. Nalco, which operates a 460 000 t aluminium... →

Indian coal block auction faces tepid response, Coal Ministry relaxes rules

15th October 2019 India’s ongoing auction of 27 coal blocks with end-use restrictions has evoked a tepid response from prospective developers with 45 bids received for the assets on offer, prompting the Coal Ministry to further tweak auction rules. According to information available from government sources, only... →

ExxonMobil, IOC tie up for LNG projects in India

15th October 2019 ExxonMobil India LNG, a subsidiary of ExxonMobil from the US, has signed a memorandum of understanding (MoU) with State-run oil refiner-marketer Indian Oil Corporation Limited (IOC) to examine liquefied natural gas (LNG) projects in the country. “The companies together will focus on exploring... →

India set to become net iron-ore importer

8th October 2019 India is poised to become a net importer of iron-ore during the next financial year, as the domestic market shifts from surplus to deficit. Supply-side disruptions could lead to an estimated deficit of about 50-million tons during 2020/21, forcing imports of between 25-million and 30-million tons... →

New gas pipeline project prompts Essar Group to ramp up CBM production

8th October 2019 The imminent completion of a critical natural gas pipeline connecting the northern and eastern Indian states has prompted Essar Oil and Gas Exploration and Production Limited (EOGEPL) to firm up plans to double coal-bed methane (CBM) gas production from its existing Raniganj coal blocks in West... →

ONGC announces $1.83bn investment in Assam

30th September 2019 Indian oil and gas exploration and production major ONGC has firmed up investments to the tune of $1.83-billion over the next five years to ramp up its production in the north-eastern state of Assam. According to an agreement signed with the Assam government, ONGC has committed the investment to... →

SCCL allotted one of the biggest coal blocks in India

30th September 2019 India’s Singareni Collieries Company Limited (SCCL) has been allotted a second coal block in the eastern state of Odisha, boosting the miner’s plans to expand beyond its traditional operational hinterland in the south. SCCL has been allotted New Patrapada coal block, the second in Odisha after... →

India plans policy intervention to speed up bringing coal blocks into production

27th September 2019 India’s Coal Ministry is working out contours of a policy intervention to ensure rapid operationalisation of coal blocks to be put up for auction over the next few months. Ministry officials said that consultations had already been held with various coal sector stakeholders, including... →

Prime Minister urged to help end ‘chaos’ in Indian mining sector

27th September 2019 Soon after claiming “chaos in the Indian mining industry”, Federation of Indian Mineral Industries (FIMI) has sought the intervention of Prime Minister Narendra Modi to revive growth and job creation potential in the sector and reverse the present falling employment in mining. “With government... →

Indian government measures disappoint mining industry

24th September 2019 The Indian mining industry is unimpressed by the government’s recent cuts in corporate tax rate and lofty pronouncement calling for an increase in mineral output of 200% over the next seven years. The Federation of Indian Mineral Industries (FIMI) said that despite the reduction in corporate tax... →

India showing signs of lower coal proclivity for power projects

20th September 2019 Though early days, it appears India’s proclivity for coal for generating electricity may be easing. The government of the central state of Chhattisgarh, with one-third of the country’s coal reserves, has declared that it would not approve any new coal-based thermal power projects in the region.... →

India keen to up Australian LNG imports, but seeks to renegotiate contracts

18th September 2019 ndia is keen to ship in higher volumes of liquefied natural gas (LNG) from Australia, but at the same time, the country has indicated that higher imports will be dependent on renegotiating existing long-term contracts to better reflect the fall in spot LNG prices. At a recent... →

India’s SAIL permitted free merchant sale of iron-ore from its captive mines

18th September 2019 India’s Mines Ministry on Tuesday permitted State-run steel producer, Steel Authority of India Limited (SAIL), to sell 25% of the iron-ore it produced in the previous year from its captive mines on the open market. The move by the Mines Ministry is aimed at alleviating iron-ore shortages at... →

Coal India seeks national industry regulator

18th September 2019 State-run miner Coal India Limited (CIL), which accounts for more than 80% of domestic supplies of dry fuel, has called for the establishment of a coal industry regulator, following the government’s decision to permit 100% foreign direct investment in coal mining. “India needs a coal sector... →

Indian mining industry seeks Prime Minister’s intervention to spur jobs growth in industry

17th September 2019 Soon after claiming “chaos in the Indian mining industry”, Federation of Indian Mineral Industries (FIMI) has sought the intervention of Prime Minister Narendra Modi to revive growth and job creation potential in the sector and reverse the present falling employment in mining. “With government... →

Indian govt likely to approve national gas trading hub within next two months

12th September 2019 The Indian government is expected to approve a national gas trading hub within the next two months. Sources say that sector regulator, the Petroleum and Natural Gas Regulatory Board, has finalised draft rules for operation of the gas trading hub and that they will be forwarded to the union... →

Indian unions call strike to protest FDI in coal industry

10th September 2019 Trade unions representing workers in the Indian coal mining industry have announced a strike for September 24, to protest the recent government decision to allow 100% foreign direct investment in domestic commercial coal mining. The day-long strike, announced by the five trade unions, is a... →

Indian mining sector in chaos – FIMI

4th September 2019 The Indian mining industry is in chaos and instead of realising the industry’s potential to generate employment, it is suffering massive job losses and struggling to create new employment, the apex industry body says. The Federation of Indian Mineral Industries (FIMI) states that a mix of... →

CIL’s domestic dominance unlikely to change

30th August 2019 State-run miner Coal India Limited’s (CIL’s) dominant position in the domestic market is unlikely to change any time soon even though the Indian government has permitted 100% foreign direct investment (FDI) in coal mining, paving the way for the entry of global resource companies. The 100% FDI... →

IOC plans to foray into EV battery manufacturing

29th August 2019 Indian State-run oil refiner-marketer, Indian Oil Corporation (IOC) will foray into electric vehicle (EV) battery manufacturing as part of its strategy to evolve into a "future-ready comprehensive energy solutions company". The oil company is working out a partnership with an overseas start-up to... →

India’s oil marketer-refiner plans new LNG terminal linked to Mozambique project

29th August 2019 India’s oil refiner-marketer, Bharat Petroleum Corporation Limited (BPCL), is planning to construct a liquefied natural gas (LNG) terminal alongside the Krishnapatnam port on the south-eastern coastline of Andhra Pradesh state. The company has announced that the floating storage regasification... →

India offers little-explored oil, gas blocks for auction

29th August 2019 The Indian government has put seven new oil and natural gas blocks up for bidding and subsequent grant of exploration licence under its new policy. According to a statement issued by the Directorate General for Hydrocarbons (DGH), five blocks are in the little-explored Vindhyan sedimentary basin,... →

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