Coal India Alive, Sensitive To Need Of Environmental Protection: Chairman
Coal India chief Pramod Agrawal has said that the coal behemoth is alive and sensitive to the need of environmental protection and the PSU pursues sustainable mining practises persistently.
The statement assumes significance especially when when there has been concerns about the global climate change on account of burning of fossil fuels, including coal, which releases green gases into the atmosphere.
"Restoration of ecosystem, effective bio-reclamation, effective utilisation of water are followed with equal fervour and importance as production," Agrawal said in a communication.
Coal India, he said, has planted close to 2 million saplings during FY'21 over an area of 862 hectares exceeding the target by 16 per cent.
"CIL is alive and sensitive to the need of environmental protection and pursues sustainable mining practices peristently," the chairman said in his message posted on the company's website.
Satellite surveillance indicates that in 51 major Open cast mines, producing more than 5 M.Cu.M of coal and overburden (OB) combined per annum, 67 per cent of excavated area has been restored.
He further said that 24 eco-parks and mine tourism projects have been developed so far. In FY'21 CIL's effective utilisation of mine water irrigated 703 villages benefitting 1.1 million populace.
The key to co-existence with nature is to restore the ecosystems, the CIL chairman noted.
"The greatest threat to our planet is the belief that someone else will save it. We make the world that we live in. So, with this belief let us make our world a better place to live," he said.
Nature in her abundance and benevolence provides sufficient resources to mankind for its prosperity and development and in response, replenishing back the nature becomes not only a responsibility but a moral obligation, Agrawal said.
"We have only one earth and we personify it as mother," he said, adding that here is a saying "we have not inherited the earth from our forefathers but borrow it from future generations. This perhaps lends real meaning to sustainable development."
Ecosystems are elixir of life that sustain the living on earth.
"Our very existence depends on the health of our ecosystem. The way the ecosystem is being depleted, unless we restore and shore it up the consequences would be terrible," he explained.
With care and commitment, all kinds of ecosystems can be restored -- forests, oceans, natural habitats, farmlands including cities, he added.
Coal India accounts for over 80 per cent of domestic coal output.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more
JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism
In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more
Big Banks Vs. Regional Banks: The Battle For Market Share
The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more
The Evolution Of Philanthropic Advisory Services In Private Banks
The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more