The Ministry of Coal has introduced a new set of policy incentives aimed at accelerating the development of underground coal mining in India.
Thekey measures include a reduction in the floor percentage of revenue share for underground coal mines from 4 per cent to 2 per cent, and the complete waiver of the mandatory upfront payment requirement. These are in addition to the existing 50 per cent rebate on performance security for underground coal blocks. The reforms aim to address challenges such as high capital investment and longer gestation periods, while making underground mining more financially viable and investment-friendly. The policy is also expected to encourage the adoption of advanced technologies like continuous miners, longwall systems, and artificial intelligence based safety tools, thereby improving productivity and minimizing environmental disruption.
Powergrid Raipur pool Dhamtari transmission Limited, a wholly owned subsidiary of Power Grid Corporation of India Limited (Powergrid), has successfully commissioned the transmission system associated with the Western Region expansion scheme-XXVII.