Govt to resolve issues impacting coal output, supply: Piyush Goyal
In the monsoon, Goyal said there was stress of power, the requirement shot up and coal production could not keep pace with the monsoon.
By PTI | Updated:
Committed to resolve issues impacting coal production, supply: Piyush Goyal
MUMBAI: Union Coal Minister Piyush Goyal Saturday said the government is committed to resolve the issues impacting production and supply of coal in the country.
He said the situation in the key sector has improved in the last four years.
"We will be importing less coal than what we did four years ago and the quality of coal today has never been so good," he said at the ET Awards 2018 here.
The government is committed to resolve all issues related to the sector, he added.
Captive power producers coming from sectors like aluminium, steel and copper have been complaining the issue of coal supply to run their plants.
In this regard, the Indian Captive Power Producers Association (ICPPA) had earlier submitted a letter to the Prime Minister's Office (PMO) requesting to address the issue of coal availability and its supply.
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Oscars of India Inc: Economic Times Awards for Corporate Excellence 2018
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With India's top policymakers and industry doyens under one roof, the ET Awards 2018 function was a star-studded affair.
With India's top policymakers and industry doyens under one roof, the ET Awards 2018 function was a star-studded affair.
In his speech, Finance Minister Jaitley extolled the virtues of prudence — from the pricing of petrol and diesel to regulatory and fiscal policies. He said India was paying the price for seeking shortcuts to growth after the global financial crisis.
Don’t kill growth by squeezing liquidity, he exhorted, setting the stage for what could be an explosive face-off with RBI board.
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Defence minister Nirmala Sitharaman outlined govt's big Make in India push in large orders, citing companies that have bagged some major deals.
She made light of the ongoing legal tangle over Rafale, predicting that opposition charges of wrongdoing are going to fall flat.
Defence minister Nirmala Sitharaman outlined govt's big Make in India push in large orders, citing companies that have bagged some major deals.
She made light of the ongoing legal tangle over Rafale..
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Nitin Gadkari talked of a sector beset with crippling fund crunch, harping on what India needed to do to get past the roadblocks it is facing.
He cited India's waterway gamechanger to drive home the rapid strides the country is making towards dramatically cheaper transportation.
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Piyush Goyal made a strong case for what the govt is doing to put India firmly on the infra superhighway.
He said coal is giving India a sizeable headache, shedding light on an industry swinging between hope and despair.
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He said coal is giving India a sizeable headache, shedding light on an industry swinging bet..
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The Lifetime Achivement award went to Adi Godrej, the patriarch of the 120-year-old Godrej Group, who now performs more of a mentoring role having decided to stay away from day-to-day ops.
The jury felt the award would be a fitting celebration of the deeds of a man whose journey began with a small entity with a Rs 10-cr turnover, which over time transformed into a Rs 32,000-cr behemoth.
The Lifetime Achivement award went to Adi Godrej, the patriarch of the 120-year-old Godrej Group, who now performs more of a mentoring role having decided to stay away from day-to-day ops.
The jury ..
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When Sanjiv Bajaj, the younger son of Bajaj Group chairman Rahul Bajaj, took the reins of the group’s newly spun off financial service division 10 years ago, the business was completely new to him. Yet, over the past decade, he has turned the business, comprising Bajaj Finance and Bajaj Finserv, into a moneymaking machine for the group.
While selecting Bajaj as the Business Leader of the Year, the jury pointed out he entered a highrisk business category and fundamentally altered the consumer finance business both through the use of technology and through execution, with even leading banks later replicating his model.
“I am both excited and humbled to be awarded the Business Leader of the Year,” said Bajaj, managing director at Bajaj Finserv.
(In pic: Venkaiah Naidu presenting the Business Leader of the year Award to Shri Sanjiv Bajaj at the ET Awards for Corporate Excellence in Mumbai)
When Sanjiv Bajaj, the younger son of Bajaj Group chairman Rahul Bajaj, took the reins of the group’s newly spun off financial service division 10 years ago, the business was completely new to him. Y..
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Sumant Sinha has led ReNew Power Ventures to the position of India’s largest clean energy company in a short span of time, overtaking older rivals on the way with a mix of mostly organic growth and a major acquisition in the rapidly growing but extremely competitive sector.
The entrepreneurship and leadership of Sinha, an alumnus of IIT-Delhi, IIM-Calcutta and Columbia University, has helped ReNew Power become India’s No. 1 renewable energy company.
Sinha dedicated the award to his team at ReNew Power.
(In pic: Nitin Gadkari presenting Entrepreneur of the Year Award to Sumant Sinha at the ET Awards for Corporate Excellence in Mumbai)
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It reflected investor confidence on Shantanu Narayen, the 56-year-old chief executive of Adobe, who helped the maker of the PDF file format transition to a cloud-based subscription model that ensured recurring income, instead of one-time licensing of its software.
He also created a multibillion-dollar business at the company by developing tools for digital marketing, sensing the shifting of advertising from traditional platforms to digital.
Narayen’s career took off with Apple, and he also served as the director for desktop and collaboration products at Silicon Graphics. He cofounded Pictra Inc, which is said to have pioneered digital photo sharing on the Internet.
(In pic: Piyush Goyal presenting Global Indian of the Year Award to Shantanu Narayen at the ET Awards for Corporate Excellence in Mumbai)
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As the first chief minister of India’s youngest state, the immediate concern for Kalvakuntla Chandrashekar Rao, who spearheaded a prolonged agitation for a separate state, Telangana, was to restrain flight of capital and instil confidence among businesses. Another was to address the acute power shortage in the state.
After initiating steps to tackle these issues, KCR attracted global attention by announcing the world’s first automatic industrial approvals policy TS-iPASS.
Under this, approvals are granted within 15 days of application for setting up industries, failing which clearance will be deemed conferred with self-certification from the enterprises.
(In pic: Venkaiah Naidu Presenting the Business Reformer of the year Award of Shri K. Chandrashekar Rao and received by Shri KT Rama Rao at at the ET Awards for Corporate Excellence in Mumbai)
As the first chief minister of India’s youngest state, the immediate concern for Kalvakuntla Chandrashekar Rao, who spearheaded a prolonged agitation for a separate state, Telangana, was to restrain ..
Supply of coal is a long standing issue for the captive power producers who unlike the independent power producers (IPPs) don't produce it for commercial purpose.
Holding responsible the previous government for contributing to the issue, Goyal said "This is the weakness of the previous government that they insisted you (the players) to design power plant on imported coal then we will allow you environmental permission to set it up.
"They could never imagine that country could have 10 per cent growth of coal production which we have this year in the first half."
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In the monsoon, he said there was stress of power, the requirement shot up and coal production could not keep pace with the monsoon.
Earlier this month, the minister urged state-run Coal India Ltd to pledge self-sufficiency in production to eliminate import of the dry fuel, and look at reviving the 1-billion tonne output aim.
