To explore blocks for auction, Coal India receives INR 1,240 crore from Centre
The Silicon Review
05 Febuary, 2020
Coal India’s exploration arm, Central Mine Planning & Design Institute Ltd (CMPDIL), will soon receive INR 1,240 crore from the Centre towards the exploration of coal blocks that will be auctioned to commercial coal miners.
Earlier, the monetary allocation was INR 250 crore for exploration of non-Coal India blocks. The amount had substantially increased from the earlier years, thanks to the opening up of commercial coal mining. Other activities like methane drainage from coal bed methane projects and application of drones arealsobeing supported now by the Centre.
CMPDIL’s chairman and managing director, Shekhar Saran had admitted that the funds are being provided under a Central sector scheme to expedite exploration. It will also help in the development of the coal ministry by making available blocks with the necessary exploration data. Saran stated that the company will soon achieve its target of drilling 14 lakh for this financial year. As of December 2019, the company had already drilled 8.91 lakh meters.
The results of the efforts of CMPDI are42 draft environment mine planning, 12 geological reports and 32 coal mining project reports. A total of 188 reports had been prepared till December, 2019.
YOU MAY ALSO LIKE
Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates
The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...
Business Travelers to Stay at Singapore’s Changi Airport Bubble
Singapore’s open economy depends heavily on tourism and business. But its vibrant but small economy has been hurting as the circumstances due to...
Countries in Asia-Pacific are marching towards ‘green recovery’ amidst Covid-19 crisis
2020 has been an unforgettable year for many of us. The ongoing Covid crisis has reminded people that it is very important to have an uninterrupted an...
Department of Telecommunication to announce the new schedule for 5G trials
Department of Telecommunications (DoT) is all set to announce the new schedule for 5G trials. The Dot made this decision after being pulled by the par...
