ArthNow Logo
ArthNow
•3 min read•
✦Reported by MoneyControl

From coal pits to solar parks: India looks to give abandoned mines a second life

From coal pits to solar parks: India looks to give abandoned mines a second life
Source: MoneyControl

Executive Brief • Key Highlights

Fast factual intelligence distilled for busy investors, executives, and answer bots:

  • ✓India is turning abandoned coal mines into solar parks and eco-parks to boost local economies.
  • ✓On November 3, the government launched a digital tool called SUVIKALP to help identify new uses for these sites.
  • ✓Officials said, "Mine closure should not be perceived as the end of mining activity."

Story at a Glance

Category
BUSINESS
Reported By
MoneyControl
Reading Speed
3 Minute(s)
Market Focus
India Economy

India is looking to turn its closed and abandoned coal mines into productive assets, with reclaimed land being considered for renewable energy, eco-parks, water conservation, agriculture and community infrastructure. The effort, according to coal ministry officials, is aimed at finding new economic uses for mining areas after extraction ends. "So far, the government has identified 147 coal mines for closure, of which at least 26 will be taken up for repurposing. More are in the pipeline," said one of the officials. Mine closure involves sealing underground openings, demolishing redundant infrastructure, treating subsidence areas and reclaiming land.

Plans require safety and rehabilitation work to begin before extraction ends. "The economic question is what happens to communities when a mine that supported jobs and local businesses shuts. Union minister G Kishan Reddy has conveyed that mine closure should not be perceived as the end of mining activity, but rather as the beginning of renewed socio-economic opportunities for communities in mining regions," said a second ministry official. A tool to chart the future of closed mines Against this backdrop, the Coal Controller Organisation (CCO), under the Ministry of Coal, on November 3 launched SUVIKALP, a digital decision-support tool developed to identify suitable uses for closed and abandoned coal and lignite mines.

🔒
Premium Content

Unlock the Full Story with ArthNow Premium

To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.

✓ Full Unabridged Reports✓ Executive Audio Briefs✓ 100% Ad-Free Reading
Verified Publication Source

MoneyControl

Read the full, original unfiltered story directly on the publisher's portal.

Visit Original Article
From coal pits to solar parks: India looks to give abandoned mines a second life | ArthNow