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    CAPTIVITY

    Coal production from captive, commercial mines up 35% in Q1

    The coal industry experienced a notable increase in production and dispatch in the first quarter of the fiscal year, with a significant rise in output from various sectors and mines. The coal ministry's report highlighted positive growth trends in the industry.

    BFSI captives hunt for leadership talent

    Executive search firms ET spoke to said candidates from product organisations are tapped for technology hiring, and for non-technical roles, domain and functional expertise remain paramount. Compensation ranges at around Rs 1 crore for those with 18-25 years of experience. For CFO roles, packages could be in the range between Rs 2-4 crores.

    Coal stock at thermal power plants grows 32 pc to 45 MT

    Thermal power plants (TPPs) in India reported their highest-ever coal stock of over 45 million tonnes on June 16, a 32% increase from the previous year. The Ministry of Coal worked tirelessly to ensure a consistent coal supply by enhancing production, logistics management, and inter-agency coordination. Cumulative coal production reached 207.48 million tonnes, reflecting a 9.27% growth. Coal India Ltd recorded a 7.28% increase in coal production and a 4% growth in dispatches.

    Gaza War Day 248: IDF releases new footage showing rescue of hostages from Hamas captivity

    The Israel Defense Force (IDF) dropped fresh footage of the military operation which led to the rescue of four hostages. Gaza War Day 248: IDF releases new footage showing rescue of hostages from Hamas captivity

    Adani Power arm amalgamates Stratatech Mineral Resources

    Adani Power Ltd's arm Mahan Energen Ltd approved merging Stratatech Mineral Resources with Dhirauli Coal Mine to enhance fuel security, subject to shareholder and regulatory approvals, with a peak-rated capacity of 6.5 million tonnes per annum. The merger involves a wholly-owned subsidiary engaged in mining, power generation, and allied activities.

    Avaada Energy secures Rs 315 crore finance for captive solar project in Karnataka

    Avaada Energy secured Rs 315 crore financing from Aseem Infrastructure Finance ltd (AIFL) for a solar project in Karnataka. It will be developed under a long-term captive Power Purchase Agreement (PPA) with Karnataka Milk Federation (KMF). The funding from AIFL demonstrates Avaada's project financing capability and strategy. The project, located in Kalaburagi district, is expected to be completed in Q3 FY25.

    The Economic Times
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