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Coal Ministry inks agreements with successful bidders

All these three coal blocks listed are fully explored coal blocks.

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Ministry of Coal had executed agreements for three coal blocks with successful bidders on 22 November 2024. This event marked a significant milestone, bringing the total number of coal blocks successfully auctioned to 104 since the launch of commercial coal mining in India by Prime Minister Shri Narendra Modi. It was stated that all three coal blocks were fully explored.

During the event, Secretary of the Ministry of Coal, Shri Vikram Dev Dutt, along with Additional Secretary and Nominated Authority Ms Rupinder Brar, handed over the agreements to the successful bidders. Both officials reportedly assured the bidders of the Ministry’s full support and cooperation to ensure the smooth operationalisation of the blocks. Shri Dutt reaffirmed the Ministry’s commitment to facilitating the successful implementation of coal mining projects, which are anticipated to contribute significantly to India’s energy security and economic growth.

The coal blocks for which the Production and Development Agreements had been executed were identified as the Meenakshi block and the Rampia & Dip Side of Rampia blocks. The successful bidders were reported to include Hindalco Industries Limited and Jhar Mineral Resources Private Limited, respectively.

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CCU testbeds in Tamil Nadu

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Tamil Nadu is set to host one of India’s five national carbon capture and utilisation (CCU) testbeds, aimed at reducing CO2 emissions in the cement industry as part of the country’s 2070 net-zero goal, as per a news report. The facility will be based at UltraTech Cement’s Reddipalayam plant in Ariyalur, supported by IIT Madras and BITS Pilani. Backed by the Department of Science and Technology (DST), the project will pilot an oxygen-enriched kiln capable of capturing up to two tonnes of CO2 per day for conversion into concrete products. Additional testbeds are planned in Rajasthan, Odisha, and Andhra Pradesh, involving companies like JK Cement and Dalmia Cement. Union Minister Jitendra Singh confirmed that funding approvals are underway, with full implementation expected in 2025.

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JSW Cement gears up for IPO

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JSW Cement has set the price range for its upcoming initial public offering(IPO) at US$1.58 to US$1.67 per share, aiming to raise approximately US$409 million. As reported in the news, around US$91 million from the proceeds will be directed towards partially financing a new integrated cement plant in Nagaur, Rajasthan. Additionally, the company plans to utilise US$59.2 million to repay or prepay existing debts. The remaining capital will be allocated for general corporate purposes.

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Cement industry to gain from new infrastructure spending

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As per a news report, Karan Adani, ACC Chair, has said that he expects the cement industry to benefit from the an anticipated US$2.2tn in new public infrastructure spending between 2025 and 2030. In a statement he said that ACC has crossed the 100Mt/yr cement capacity milestone in April 2025, propelling the company to get closer to its ambitious 140Mt/yr target by the 2028 financial year. The company’s capacity corresponds to 15 per cent of an all-India installed capacity of 686Mt/yr.

Image source:https://cementplantsupplier.com/cement-manufacturing/emerging-trends-in-cement-manufacturing-technology/

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