Vedanta Group’s Post

🌍 Exciting News Alert! 📢 The Indian government has announced that Coal India, NMDC, and ONGC Videsh are gearing up to actively explore for critical mineral assets abroad 🛠️ This initiative aims to secure crucial resources to fuel India's growth and development in diverse sectors such as energy, infrastructure, and manufacturing 🏗️💡 It's a significant step towards ensuring a sustainable supply chain for essential minerals ✨ Let's stay tuned for further updates on this strategic move and its potential impact on the global market 🌏🔍 #CoalIndia #NMDC #ONGCVidesh #CriticalMinerals #GlobalExpansion #ResourceExploration #EconomicDevelopment 🌐 Note: AI-powered post. May contain errors.

The growth of the mineral supply plays a vital role in enabling clean energy transition. Mineral wealth, if exploited responsibly, can contribute to public revenue and provide livelihoods for many. The demand for metals and minerals must be balanced with the urgent need for a greener and cleaner future.  Despite its high carbon and energy footprint, the mineral mining industry plays a pivotal role in the transition towards a sustainable future, provided it embraces comprehensive decarbonisation strategies.  greenline.in Essar Exponentia Ventures NITI Aayog Hindalco Industries Limited Vedanta Limited - Aluminium Business NMDC Limited GMDC Official #GreenBluePrint #GreenLine #Sustainablemobility #NetZerojourney #LNGtrucks #GreenMobility #sustainability #carbonreduction #GreenIndia #DecarbonisingHeavyTrucking #SustainableTrucking #CleanLogistic #carbonemission #minerals #mineralindustry #minning Data ref: https://lnkd.in/drPS6ffX The biggest roadblock to India’s net-zero goal | The Indian Express https://lnkd.in/dYCV9uts https://lnkd.in/gsMxgbr8 Hindustan Zinc partners with GreenLine for the deployment of LNG-Powered trucks for logistics - Essar

Vedanta is strategically positioned to tap into a substantial $1 trillion opportunity in the metals and minerals sector. The global shift towards clean energy and the rising demand for critical minerals are key drivers of this lucrative prospect. The company's active participation in bidding for critical mineral blocks in India aligns with the government's efforts to strengthen the country's mineral supply chain. With significant investments in capital expenditures and strategic acquisitions, Vedanta is gearing up to leverage the anticipated growth in demand for minerals crucial to renewable energy technologies and electric vehicles.

Get an inside look at Jharkhand's critical minerals and their role in global energy transition. Watch out for our upcoming report releasing on June 20, 2024. #Jharkhand #CriticalMinerals #EnergyTransition #JustTransition #SustainableDevelopment

🚀 Breaking Records in the Coal Sector! 🚀 India's private and commercial coal mines have achieved an unprecedented 27% surge in production during FY24, reaching a staggering 147 million tonnes. This remarkable growth not only highlights the resilience of the coal industry but also underscores India's strategic vision to bolster domestic coal production. The dispatches from these mines also witnessed a robust 30% increase, totaling 143 million tonnes in FY24 compared to 110 million tonnes in FY23. This surge in production is attributed to the commencement of nine new coal mines, comprising both captive and commercial operations, during the fiscal year. This milestone is part of India's broader strategy to enhance coal production capacity, reduce dependence on imports, and ensure a stable and sustainable energy supply for the nation's growing needs. It also aligns with the government's vision to diversify the energy mix while supporting economic growth and job creation in the mining sector. As India aims to scale up its coal production capacity to 2 billion tonnes by 2030, such milestones play a crucial role in building a resilient and self-reliant energy ecosystem. This achievement not only reduces pressure on national miner Coal India but also contributes significantly to India's energy security and economic development. 🔔 Disclaimer: This post is for informational purposes only and does not constitute investment or financial advice. Readers are encouraged to conduct their own research and consult with professionals before making any investment decisions. Join us in celebrating this remarkable achievement as India paves the way towards a greener, more energy-independent future! 🌱💡 #CoalProduction #EnergySector #IndiaGrowth #RecordProduction #SustainableEnergy #GreenFuture #EconomicDevelopment #EnergySecurity #JohnFinlay #DrySorting #Bharat #India Aadil Keshwani Imon Ghosh

A coal plentitude scenario likely by 2030? Odisha Coal and Power Ltd looks to sell surplus coal from its captive Manoharpur Coal Mine in Hemgir Block of Sundargarh District at discount. - G 14 Grade (3101-3400 kcal/kg) - 3 Million Tone coal per annum for 2 years – Road mode - Discount of 15% on National Coal Index - NCI for July 2024 is Rs. 1411/ MT – Base Price - Coal available under auction will be at Rs. 1200/MT Base Price National Coal Index is a monthly indices notified by Ministry of Coal for different coal grades prices Outline: India’s total coal demand stood at 1,234 million tonnes in FY 2023-24, while domestic coal production was 997 million tonnes. Of this, Coal India Ltd.’s total production from its eight subsidiaries was 774 million tonnes, accounting for around 78% of the total production. Auction of coal blocks to private companies/PSUs for commercial mining introduced in 2020 with flexibility through reduced upfront amount & allowing its adjustment against royalty, transparent bidding process, 100% FDI through automatic route allowed and Revenue sharing model based on National Coal Index. 91 coal mines auctioned so far. Factors that will drive the future of coal market: a. Growth in Coal India’s domestic production b. Increased Coal Availability from the Operationalization of Commercial Mines — note that there is a minimum revenue sharing with the Government set at 75% of scheduled production c. Reduction in coal requirement with rapid renewable capacity addition with storage batteries now offering competitive prices d. Stabilization of imported coal prices amid declining global demand Time for Integrated Coal Trading Exchange for having digital platform with standardized contracts for reaping the benefit of coal price arbitrage.?? #coal #coalexchange #coalprices #coaltrade #coalmining

🚀 Key informations about Gevra Coal Mine (India)   🚀 The Gevra is old of over 40 years (the operations started in 1981) and is located at Central part of the Korba coalfields in Chhattisgarh. This open cast mine is owned by Southeastern Coalfields Limited, a subsidiary of coal India.   🚀 The total area covered by the mine is about 19.03 sq.km and it has approximately 10 km length and 4 km width. Thus, it is by far the largest coal operation in the country.   🚀 Currently, Gevra's production capacity stands at 52.5 million tonnes a year, making it the largest in India. The expansion aligns with India's aim of achieving self-sufficiency in coal production and phasing out imports for power generation by the fiscal year 2025-26 (FY26). 🚀 The Gevra, at SECL gets green nod for 70 MT annual production. For more insights and case studies in mining: www.miningdoc.tech #coalmining #coal #India #Gevra Video source: @overview4956 (Youtube)

The recent clearance for coal extraction from the Naini coal mine in Angul district of Odisha signifies a critical milestone in the cooperation between the Odisha government, led by the BJP, and the Congress-led administration in Telangana. This development was catalyzed by the intervention of Telangana Deputy Chief Minister Bhatti Vikramarka Mallu, who met with Odisha Chief Minister Mohan Majhi to resolve outstanding issues. Key Points: Interstate Cooperation: The agreement highlights the political will to transcend party lines for mutual developmental goals, demonstrating a pragmatic approach to governance. Energy Security: For Telangana, securing a steady supply of coal is crucial for its power sector, which in turn supports its industrial and economic growth. This collaboration is a strategic move to bolster energy security in the state. Economic Impact: Coal extraction will be managed by Singareni Collieries Company Limited (SCCL), a joint venture between the Telangana government and the central government. This is expected to create jobs and stimulate economic activity in both states. Environmental and Social Considerations: The Odisha government’s approval to transfer 643 hectares of forest land underscores the importance of balancing industrial activities with environmental and social responsibilities. Plans for rehabilitation and periphery development indicate a comprehensive approach to mining operations. Political Significance: This initiative exemplifies how political entities can work together despite ideological differences, focusing on common interests such as infrastructure development, energy sufficiency, and economic prosperity.

Announcing our 17th edition of Indian Coal Markets Conference to be organized on March 21st-22nd, 2024 at the Taj Bengal, #Kolkata.   Indian coal is set to achieve 1 billion tons production in FY23-24. Transformational changes including a coal spot exchange, green mining, and more are on the horizon. To capture the essence of these exciting times, the theme of this year's conference has been chosen as “Black to Green: Building a Sustainable Future for Indian Coal”.   Key trends to follow – ― Coal production >1 bn tons ― Funding commercial mines ― Spot coal exchange ― Implementation of CCUS ― Potential for gasification ― Coal export opportunities Who should attend – Coal Producers | Mine Developers-cum-Operators (MDOs) | Coal Traders | Power Gencos & Discoms | Coal Technology Providers | Inspection Agencies | Coal Handling Companies | Ports & Shipping Companies | Coal Equipment Manufacturers | Transition & Sustainability Consultants | Cement | Steel | Fertilizer | Financial Institutions | Logistics | Others For agenda, delegate registration and sponsorship opportunities, please visit www.indiancoalmarkets.com or write to info@indiancoalmarkets.com #coalindustry #CoalProducer #IndianCoal #IndianCoalMarket #mjICMC #CoalMining #CoalTraders #MiningDevelopers #CoalTechnology #MiningEquipment #CoalShipping #CoalInspection #steelindustry #powerindustry #cementindustry #logisticsindustry #CoalSupplyChain #Fertilizer #CoalConference Coal Insights, Steel Insights,