Tag: India Coal

Index of Core Industries set to get an upgrade with revised base year and weights

Posted on By admin
Index of Core Industries set to get an upgrade with revised base year and weights

The current ICI includes eight sectors — coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity. The new series will include nine sectors.  File image used for representational purposes only. | Photo Credit: Getty Images/iStockphoto The Ministry of Commerce and Industry will on July 20 release an updated Index of Core Industries…

Read More “Index of Core Industries set to get an upgrade with revised base year and weights” »

Business

Coal Ministry permits use of insurance surety bonds as replacement for bank guarantees

Posted on By admin
Coal Ministry permits use of insurance surety bonds as replacement for bank guarantees

Image for representational purposes only. | Photo Credit: The Hindu Coal Ministry on Thursday (July 2, 2026) allowed entities-accorded coal blocks to use insurance surety bonds (ISBs) instead of performance bank guarantees (PBGs) to fulfil their obligations for performance surety. “The measure is expected to ease the financial burden associated with conventional bank guarantee arrangements…

Read More “Coal Ministry permits use of insurance surety bonds as replacement for bank guarantees” »

Business

PM Modi Praises India’s Record Coal, Lignite Production

Posted on By admin
PM Modi Praises India’s Record Coal, Lignite Production

It is a historic milestone for India, says PM Modi. (File) New Delhi: With India’s coal and lignite production crossing 1 billion tonnes for the first time in 2023-24, Prime Minister Narendra Modi on Monday lauded it as a remarkable feat and a historic milestone. India’s total coal and lignite output stood at 937 million…

Read More “PM Modi Praises India’s Record Coal, Lignite Production” »

Nation