India's PM Modi Affirms Coal's Role in Energy Strategy for 'Viksit Bharat 2047' Amid Sustainability Initiatives
Prime Minister Narendra Modi underscored the vital role of coal in India's energy strategy as the country aims for 'Viksit Bharat 2047,' projecting that coal will meet 40-50% of power needs by 2040. He announced various sustainability initiatives, including gasification projects and methanol production, to enhance coal's environmental performance. Meanwhile, South Eastern Coalfields Limited received a Platinum Award for ESG excellence, highlighting its commitment to sustainable mining practices.
Theia Market Signal Identification - AI Assisted
Prime Minister Narendra Modi emphasized coal's importance for India's energy strategy as the nation targets 'Viksit Bharat 2047.' He stated that fossil fuels, particularly coal, will remain crucial for fulfilling energy demands, with projections indicating coal will supply 40-50% of power needs by 2040.
Modi highlighted initiatives such as gasification projects, methanol production from coal, and flue gas desulfurization to enhance coal's sustainability while managing emissions. The Prime Minister's remarks come amid electoral pressures and aim to bolster investor confidence in coal assets.
Separately, South Eastern Coalfields Limited (SECL) received the Platinum Award for ESG excellence at the Green Enviro Summit 2026, recognizing its sustainable mining efforts. Ramesh Chandra Mohapatra of SECL was honored with the
Comments