KNR Constructions secured a Rs. 4,800.57 crore coal mining contract in Jharkhand through its joint venture KNRCL-HCPL. Despite this major win, the company reported a 60.58% drop in Q4 FY25 net profit and a 31.03% decline in revenue. Infrastructure firm KNR Constructions Ltd saw its shares edge up by 1.36% to ₹234 after revealing that its joint venture has landed a significant coal mining contract worth ₹4,800.57 crore in Jharkhand. The project, awarded by Patratu Vidyut Utpadan Nigam Ltd (PVUNL), a collaboration between NTPC and Jharkhand Bijli Vitran Nigam Ltd (JBVNL), focuses on the development and operation of the Banhardih coal…
Author: Editorial Desk
Jharkhand targets 4000 MW solar power by 2027 but has achieved only 83.93 MW so far. Major projects like Chandil and Getalsud remain stalled. Despite minor progress in rooftop and off-grid installations, most initiatives face delays, raising concerns over implementation and the feasibility of meeting the state’s green energy goals. Despite ambitious policies and grand targets, Jharkhand’s solar energy production remains alarmingly low. According to official data, the state currently generates only 83.93 megawatts (MW) of electricity through solar power, just over 2% of its declared target of 4000 MW by the year 2027, as per its solar energy policy.…
India on Track to $5 Trillion Economy by 2027 Commerce Minister Piyush Goyal said India is set to become a $5 trillion economy by 2027, crediting strong leadership, reforms, and unity. Speaking at an MCCI event, he highlighted economic growth, rising forex reserves, and global trade deals. Goyal emphasized India’s shift from ‘Fragile Five’ to a top-five economy, calling it a moment to lead globally despite challenges. Ambani and Adani United to Boost Fuel Business Billionaires Mukesh Ambani and Gautam Adani have joined forces to co-market automotive fuels. Jio-bp will supply petrol and diesel at Adani Total Gas’s CNG outlets,…
Ranchi Police, under the supervision of Senior Superintendent of Police (SSP), conducted a surprise raid on Wednesday afternoon at the KDH coal project site in Khalari, located within the NK Area. The operation was initiated following a written complaint by a coal truck driver, who alleged that he was being forced to pay illegal charges in the name of Vishthapit Jan Samiti while lifting coal from the site. Based on this, a special task force formed by the SSP carried out the operation and detained six individuals involved in the extortion racket. Also Read: Fake Mining Syndicate Busted in Pakur. Forged E-Challans…
Led by President Paresh Gattani, Chairman of FJCCI, a 21-member delegation is on a 7-day Vietnam tour to explore trade and investment opportunities between Jharkhand and Vietnam. In a major step towards fostering international business collaboration, the Federation of Jharkhand Chamber of Commerce and Industries (FJCCI) held a high-level bilateral meeting with senior officials of the Vietnam Association of Foreign Invested Enterprises (VAFIE) in Hanoi, the capital of Vietnam. Led by FJCCI President Paresh Gattani, the delegation discussed potential avenues for foreign investment in Jharkhand, focusing on key sectors such as minerals, agro-processing, manufacturing, energy, and tourism. The meeting was part…
The Central Government has approved the revised Jharia Master Plan, allocated Rs. 5,940 crore to address the long-standing issues of underground fires and land subsidence in Jharia, Dhanbad. This plan aims to rehabilitate over 1 lakh families living in dangerous, fire-affected coal mining areas and ensure their safe relocation and sustainable livelihoods. The decision was taken during a recent Cabinet Committee on Economic Affairs (CCEA) meeting chaired by Prime Minister Narendra Modi. This revised plan replaces the original 2009 plan, which failed to achieve its objectives due to legal, technical, and social challenges. Also Read: CIL’s Coking Coal Output Dips in…
Coal India Limited (CIL) reported a nearly 9% drop in coking coal production for May 2025, producing 4.53 million tonnes compared to 4.96 million tonnes in the same month last year, according to provisional government data. This dip comes as India aims to boost domestic coking coal output under the ‘Mission Coking Coal’ initiative, which targets 140 million tonnes annually by 2029-30. Coking coal, also known as metallurgical coal, is vital for steel manufacturing, and the country currently relies heavily on imports to meet demand. Also Read: Jharkhand High Court Reviewed PIL Against Illegal Mining in Panem Coal Mines Over…
The Jharkhand High Court heard today a Public Interest Litigation (PIL) demanding a CBI investigation into alleged illegal mining by Panem Coal Mines and the rehabilitation of displaced villagers. Also Read: CBI Raided Giddi-C Coal Project Over Illegal Local Sales The case was reviewed by a bench comprising Justice Sujit Narayan Prasad and Justice Gautam Kumar Chaudhary. During the hearing, the state government’s counsel informed the court that detailed records of all legal actions taken so far against Panem Coal Mines had been submitted. Following the submission, the court scheduled the next hearing for 10th July. Also Read: High Court…
In a fresh crackdown on alleged corruption in coal sales, a 60-member team from the Central Bureau of Investigation (CBI) raided the Giddi-C project office and residences of several officials in Jharkhand’s Argadda area on Tuesday. The operation is part of an ongoing investigation into illegal money collection from local coal sales under Central Coalfields Limited (CCL). Also Read: CCL to Open Two New Mines in Jharkhand, Targets 15 Crore Ton Output by 2030 – Business Jharkhand The early morning raid started around 9 AM, targeting the homes of several named suspects. Residences of Dispatch Officer Anil Kumar, security staff…
The Joint Consultative Committee Meeting (JCCM) of Tata Steel was held on Tuesday to deliberate on various worker-related matters between company management and union representatives. The meeting highlighted positive developments for employee welfare, including a potential revival of the ETA vehicle loan and quarterly evaluations of Joint Departmental Committees (JDCs). Also Read: GST Penalty of Rs. 161 Crores on Tata Steel for Irregular Input Tax Credit Claim – Business Jharkhand In this session, held on a rotational basis, Tata Workers’ Union President Sanjeev Kumar Chaudhary chaired the meeting, while Tata Steel’s Vice President (Operations), Chaitanya Bhanu, served as Vice Chairperson.…