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NTPC trades higher on inking MoU with Oil India NTPC is currently trading at Rs. 233.35, up by 2.75 points or 1.19% from its previous closing of Rs. 230.60 on the BSE. The scrip opened at Rs. 233.25 and has touched a high and low of Rs. 234.00 and Rs. 230.55 respectively. So far 244974 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 234.95 on 04-Sep-2023 and a 52 week low of Rs. 155.05 on 28-Sep-2022. Last one week high and low of the scrip stood at Rs. 234....
NTPC trades higher on inking MoU with Oil India
NTPC trades higher on inking MoU with Oil India
Source: Accord Fintech
4/09/2023 11:37:08 AM
Combined index of 8 core industries increases by 8% in July 2023 The combined index of eight core industries (ICI) increased by 8 per cent (provisional) in July 2023 as compared to the same month last year. The production of coal, steel, natural gas, cement, electricity, refinery products, fertilisers and crude oil increased in July 2023 over the corresponding month of last year. The eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP). Meanwhile, final growth rate of index of ei...
Combined index of 8 core industries increases by 8% in July 2023
Combined index of 8 core industries increases by 8% in July 2023
Source: IANS
31/08/2023 6:12:32 PM
NTPC moves up on getting investment approval for Lara Super Thermal Power Project NTPC is currently trading at Rs. 220.75, up by 0.40 points or 0.18% from its previous closing of Rs. 220.35 on the BSE. The scrip opened at Rs. 221.95 and has touched a high and low of Rs. 221.95 and Rs. 220.25 respectively. So far 49664 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 226.60 on 01-Aug-2023 and a 52 week low of Rs. 155.05 on 28-Sep-2022. Last one week high and low of the scrip stood at Rs. 222.0...
NTPC moves up on getting investment approval for Lara Super Thermal Power Project
NTPC moves up on getting investment approval for Lara Super Thermal Power Project
Source: Accord Fintech
31/08/2023 11:48:02 AM
India`s JSW Steel to pick up 20%-40% stake in Teck`s coal unit JSW Steel is looking to pick up a 20 to 40% stake in the metallurgical coal unit of Canada's Teck Resources, Bloomberg News reported on Friday, citing the Indian steel producer's chairman, Sajjan Jindal. India’s biggest steel producer intends to bid for 20% to 40% of Elk Valley Resources Ltd., a unit of the Canadian company, Jindal said. JSW, along with some Japanese and South Korean mills, is planning to buy a stake in the asset and a combined offer could value the unit at $...
India`s JSW Steel to pick up 20%-40% stake in Teck`s coal unit
India`s JSW Steel to pick up 20%-40% stake in Teck`s coal unit
Source: Reuters
26/08/2023 9:59:41 AM
India targeting over 64% of non-fossil fuel-based capacity by 2030: Ghanshyam Prasad Central Electricity Authority Chairman Ghanshyam Prasad has said that it is not true that India is not reducing coal-based power generation capacity in the energy mix and said the country is targeting over 64 per cent of non-fossil fuel-based capacity by 2030. India has set the target of having 500GW of renewable energy by 2030. Coal-based power generation, however, ensures stable operation of the electricity transmission grid. He said India's power infrastructure is mostly dominated b...
India targeting over 64% of non-fossil fuel-based capacity by 2030: Ghanshyam Prasad
India targeting over 64% of non-fossil fuel-based capacity by 2030: Ghanshyam Prasad
Source: Accord Fintech
24/08/2023 11:33:09 AM
NTPC trades higher on planning to raise up to Rs 12,000 crore through bonds NTPC is currently trading at Rs. 219.80, up by 1.90 points or 0.87% from its previous closing of Rs. 217.90 on the BSE. The scrip opened at Rs. 219.05 and has touched a high and low of Rs. 221.25 and Rs. 218.15 respectively. So far 333930 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 226.60 on 01-Aug-2023 and a 52 week low of Rs. 152.80 on 12-Aug-2022. Last one week high and low of the scrip stood at Rs. 226....
NTPC trades higher on planning to raise up to Rs 12,000 crore through bonds
NTPC trades higher on planning to raise up to Rs 12,000 crore through bonds
Source: Accord Fintech
7/08/2023 2:47:32 PM
India's Hindalco, NLC among those to operate six coal mines India's NLC India Ltd and Hindalco Industries Ltd are among the companies that will be operating six coal mines that were put up for auction earlier this year, the government said on Friday. The government has been looking to private players to boost coal production in the country as power demand surges. This is the seventh round of auctioning of mines for commercial mining - a total of 92 mines have been auctioned so far, which are projected to generate an annual revenue of approxi...
India's Hindalco, NLC among those to operate six coal mines
India's Hindalco, NLC among those to operate six coal mines
Source: Reuters
4/08/2023 6:32:40 PM
NTPC shines on getting nod to hive-off coal mining business NTPC is currently trading at Rs. 225.15, up by 6.70 points or 3.07% from its previous closing of Rs. 218.45 on the BSE. The scrip opened at Rs. 219.95 and has touched a high and low of Rs. 225.20 and Rs. 218.85 respectively. So far 986299 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 226.40 on 01-Aug-2023 and a 52 week low of Rs. 150.55 on 31-Jul-2022. Last one week high and low of the scrip stood at Rs. 226....
NTPC shines on getting nod to hive-off coal mining business
NTPC shines on getting nod to hive-off coal mining business
Source: Accord Fintech
1/08/2023 11:19:25 AM
BHP expects Indian steelmaking boom to drive its coal business - FT BHP Group expects the rampant expansion of India's steel industry to boost its coal business significantly, Chief Commercial Officer Vandita Pant told the Financial Times on Monday. Around 40% of BHP's metallurgical coal, used by steel mills and known as coking coal, is now heading to India, she said
BHP expects Indian steelmaking boom to drive its coal business - FT
BHP expects Indian steelmaking boom to drive its coal business - FT
Source: Reuters
31/07/2023 9:14:51 AM
Adequate coal available for thermal plants, no plant shut due to shortage, says Centre The government on Tuesday clarified that there is adequate coal availability for thermal power plants across the country. In a statement, the Coal Ministry further clarified that no power plant has been closed on account of non-availability of dry fuel. Those plants which have been closed must be on account of some other reasons, it said. As on July 16, thermal power plant end coal stock stood at 33.46 million tonnes, which is 28 per cent higher compared to the corresponding period of l...
Adequate coal available for thermal plants, no plant shut due to shortage, says Centre
Adequate coal available for thermal plants, no plant shut due to shortage, says Centre
Source: IANS
18/07/2023 5:40:32 PM
Output of eight core industries grows by 4.3% in May 2023 The output of eight core industries grew 4.3 per cent year-on-year in May 2023, the same rate as in the previous month, but much slower compared with 19.3 per cent in the year-ago period. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity - comprise 40.27 percent of the weight of items included in the Index of Industrial Production (IIP). Coal production, having 10.33 per cent weight increased by 7.2 per cent in May, 2023...
Output of eight core industries grows by 4.3% in May 2023
Output of eight core industries grows by 4.3% in May 2023
Source: Accord Fintech
3/07/2023 11:28:53 AM
Coal stock reaches 110.58 million tonnes, records 44% YoY growth The overall coal stock position at mines, thermal power plants and transit as on June 13 reached 110.58 million tonnes, indicating an increase of 44.22 per cent as compared to 76.67 million tonnes recorded during the corresponding period of last year. Additionally, the pithead coal stock at Coal India Limited (CIL) as on June 13 stood at 59.73 million tonnes, indicating a growth rate of 25.77 per cent as against 47.49 million tonnes during the corresponding period of previous year. At t...
Coal stock reaches 110.58 million tonnes, records 44% YoY growth
Coal stock reaches 110.58 million tonnes, records 44% YoY growth
Source: IANS
16/06/2023 9:29:25 AM
Amid peaking demand, coal-based power plants told to run at full capacity till September 30 Amid rising demand for power owing to heat waves pervading several parts of north India, he Centre has asked all coal-based plants to run at full capacity till September 30. The government had invoked Section 11 of Electricity Act with effect from March 16 till June 15, to ensure adequate power supply during summer season. Now it has extended this provision till September 30. This was conveyed to all coal-based power plants by the Power Ministry through a letter on Monday. The ext...
Amid peaking demand, coal-based power plants told to run at full capacity till September 30
Amid peaking demand, coal-based power plants told to run at full capacity till September 30
Source: IANS
12/06/2023 6:41:11 PM
Reforms in coal, mining sector led to increased revenues : Pralhad Joshi Union minister Pralhad Joshi has said state revenues have improved and production of coal and other minerals increased significantly on the back of reforms taken by the government in the coal and mining sectors. He stated in the last 9 years of the Modi government, there have been various reforms in the whole coal and mining sector. Country is moving towards Atmanirbharta. 2014 onwards, the first-come-first-serve system was totally removed and a transparent auction regime was set in place and...
Reforms in coal, mining sector led to increased revenues : Pralhad Joshi
Reforms in coal, mining sector led to increased revenues : Pralhad Joshi
Source: Accord Fintech
8/06/2023 10:26:40 AM
Commerce ministry considering introducing import monitoring system for leather sector The commerce ministry is considering introducing an import monitoring system for the leather sector, under which a trader will have to provide advance information about the imports and obtain a registration number. Talks are at an early stage on the issue at present. Normally under the system, importers are required to submit advance information in an online system for imports of items and obtain an automatic registration number by paying a certain amount of registration fee. Earlier, the ...
Commerce ministry considering introducing import monitoring system for leather sector
Commerce ministry considering introducing import monitoring system for leather sector
Source: Accord Fintech
19/05/2023 12:37:02 PM
GAIL plans $4.9 billion ethane cracker in West India GAIL (India) Ltd, the country's top gas supplier, plans to build a 400-billion rupee ($4.89 billion) ethane cracker near its liquefied natural gas (LNG) import plant in Western India, two sources with direct knowledge of the matter said, as it seeks to meet an expected surge in demand. Indian companies are boosting their petrochemical production capacity as the expanding economy boosts the need for goods ranging from plastics to paints and adhesives. A cracker produces ethylene, requir...
GAIL plans $4.9 billion ethane cracker in West India
GAIL plans $4.9 billion ethane cracker in West India
Source: Reuters
10/05/2023 2:21:54 PM
Coal imports rose 30% to 162 million tonnes in 2022-23: Report Domestic coal imports went up by 30 per cent to 162.46 million tonnes in 2022-23, as against 124.99 million tonnes during the corresponding period of last year, according to an e-commerce platform mjunction's report. The report further said that coking coal imports also rose by 5.44 per cent to 54.46 million tonnes in 2022-23 as against 51.65 million tonnes in 2021-22. The publication went on to add that in March, non-coking coal imports were at 13.88 million tonnes as against 12.61...
Coal imports rose 30% to 162 million tonnes in 2022-23: Report
Coal imports rose 30% to 162 million tonnes in 2022-23: Report
Source: IANS
8/05/2023 4:38:52 PM
Coal India`s Q4 profit falls 17% on higher provisions for wage hike Coal India Ltd reported a 17.3% fall in fourth-quarter profit on Sunday, as the world's largest coal miner made higher provisions for wage hikes. Consolidated net profit fell to 55.33 billion Indian rupees ($677.07 million) in the three-months ending March 31, compared with 66.93 billion rupees a year earlier, the state-run company said in an exchange filing. Net sales rose 17.3% to 351.61 billion rupees. The company said its provisions for a wage hike stood at 58.70 billion rupe...
Coal India`s Q4 profit falls 17% on higher provisions for wage hike
Coal India`s Q4 profit falls 17% on higher provisions for wage hike
Source: Reuters
8/05/2023 9:11:08 AM
Coal Ministry aims to complete 67 first mile projects by 2027 As many as 67 first mile connectivity (FMC) - for transportation of coal from pitheads to dispatch points - projects have been taken by the Coal Ministry, and are expected to be completed by 2027, official sources have said. Out of the 67 FMC projects, Coal India Ltd (CIL) will take up 59, Singareni Collieries Company Ltd will undertake five while the remaining three will be taken up by Neyveli Lignite Company, the sources said. In order to eliminate road transportation of coal in mines...
Coal Ministry aims to complete 67 first mile projects by 2027
Coal Ministry aims to complete 67 first mile projects by 2027
Source: IANS
6/05/2023 9:16:00 AM
Coal ministry aims to produce 1,012 million tonnes of dry fuel in 2023-24 Coal ministry aims to produce 1,012 million tonnes of dry fuel in the current financial year. According to the action plan prepared by the ministry, 25 new reserves for commercial mining would be allocated during the current fiscal. Capacity expansion target for 2023-24 is Rs 21,030 crore, while the overall projected target of assets monetisation plan is Rs 50,118.61 crore. During 2022-23, the ministry signed agreements for a total of 23 coal mines having cumulative peak rated capaci...
Coal ministry aims to produce 1,012 million tonnes of dry fuel in 2023-24
Coal ministry aims to produce 1,012 million tonnes of dry fuel in 2023-24
Source: IANS
3/05/2023 5:28:19 PM
India's coal production rises 15% to 893 mn tonnes in 2022-23 India's overall coal production stood at 893.08 million tonnes in 2022-23 as compared to 778.19 in 2021-22, showing a growth of 14.78 per cent. Government aims to enhance production to 1,012 million tonnes in the current fiscal. In the last five years, the output of Coal India Limited (CIL) has increased by 703.21 million tonnes as compared to 606.89 million tonnes in 2018-2019 with a growth of 15.9 per cent, official data said. Singareni Collieries Conpany Limited (SCCL) has sho...
India's coal production rises 15% to 893 mn tonnes in 2022-23
India's coal production rises 15% to 893 mn tonnes in 2022-23
Source: IANS
3/05/2023 5:11:53 PM
NTPC registers 148% coal production growth in April at 2.75 MMT NTPC Ltd, India's largest integrated power producer, has registered a growth of 148 per cent in coal production from its captive mines in April 2023 as compared to production registered in the corresponding period of last year. NTPC recorded 2.75 million metric tonnes (MMT) of coal production during April 2023 as compared to 1.11 MMT recorded during the year-ago period. India's largest power producer also achieved highest-ever monthly coal despatch of 2.95 MMT in April 2023, an ...
NTPC registers 148% coal production growth in April at 2.75 MMT
NTPC registers 148% coal production growth in April at 2.75 MMT
Source: IANS
3/05/2023 9:17:14 AM
Output of eight core industries grows by 3.6% in March 2023 The output of eight core industries grew by 3.6 percent in March 2023, the slowest in the last five months. In the year-ago period, the core sectors had grown by 4.3 percent. The growth rate in March has halved as compared to the preceding month of February 2023, when it stood at 7.2 percent. The plunge in March was driven by a decline in the output of three key sectors - cement, electricity and crude oil. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizer...
Output of eight core industries grows by 3.6% in March 2023
Output of eight core industries grows by 3.6% in March 2023
Source: Accord Fintech
2/05/2023 11:44:45 AM
Coal India gains as its production rises by 8% to 57.6 MT in April Coal India is currently trading at Rs. 235.65, up by 2.55 points or 1.09% from its previous closing of Rs. 233.10 on the BSE. The scrip opened at Rs. 233.00 and has touched a high and low of Rs. 236.30 and Rs. 233.00 respectively. So far 164892 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.30 on 09-Nov-2022 and a 52 week low of Rs. 164.75 on 12-May-2022. Last one week high and low of the scrip stood at Rs...
Coal India gains as its production rises by 8% to 57.6 MT in April
Coal India gains as its production rises by 8% to 57.6 MT in April
Source: Accord Fintech
2/05/2023 9:25:14 AM
India's coal production rises 8.6% to 73 mn tonnes in April 2023 India's domestic coal production touched a record 73.02 million tonnes in April 2023, with a growth of 8.67 per cent against 67.20 million tonnes output, recorded during the corresponding period of last year. Coal India Ltd (CIL) reported production of 57.57 million tonnes in April 2023 as against 53.47 million tonnes of the year-ago period, thus showing a rise of 7.67 per cent. The government has paved the way for releasing additional coal in the market through greater utilisation ...
India's coal production rises 8.6% to 73 mn tonnes in April 2023
India's coal production rises 8.6% to 73 mn tonnes in April 2023
Source: IANS
1/05/2023 7:42:21 PM
Uttar Pradesh power hike likely in June The Uttar Pradesh Electricity Regulatory Commission (UPERC) is expected to announce the revised power tariff by the first week of June, official sources said. The new power tariff tabled by the Uttar Pradesh Power Corporation Limited (UPPCL) has proposed a hike up to 23 per cent for various categories of consumers. For the urban domestic consumers, the corporation has proposed a hike of around 18 per cent. The commission has not revised the power tariff since 2018-19. The UPERC ha...
Uttar Pradesh power hike likely in June
Uttar Pradesh power hike likely in June
Source: IANS
1/05/2023 9:15:59 AM
Government says steps will be taken to expedite domestic coal production The Coal Ministry will take all steps to further expedite domestic coal production and evacuation process, an official said on Wednesday. Addressing an interactive session with coal block allottees of captive and commercial coal blocks here, Coal Secretary Amritlal Meena said that timely availability of land and other clearances are of paramount importance in ensuring early production of coal from newly allocated blocks. In his keynote address, he said that the nominated authority in th...
Government says steps will be taken to expedite domestic coal production
Government says steps will be taken to expedite domestic coal production
Source: IANS
12/04/2023 6:14:32 PM
Coal production rises 12% to 107.84 million tonnes in March 2023 India's coal production in March 2023 rose by 12.03 per cent to 107.84 million tonnes from 96.26 million tonnes as compared to March 2022. As per the provisional data released by coal ministry, during March 2023, Coal India Ltd (CIL), Singareni Collieries Company Limited (SCCL) and captive mines among others registered a growth of 4.06 per cent, 8.53 per cent and 81.35 per cent respectively. Of the top 37 coal producing mines in the country, 29 mines produced more than 100 per cent ...
Coal production rises 12% to 107.84 million tonnes in March 2023
Coal production rises 12% to 107.84 million tonnes in March 2023
Source: IANS
6/04/2023 7:27:49 PM
Output of eight core industries records almost flat growth rate of 6% in February 2023 The output of eight core industries recorded an almost flat growth rate of 6 percent in February 2023 as against 5.9 percent in the same month last year. The growth in February is lowest in the last three months. The output of core sectors had increased by 8.9 percent in January 2023 and 7 percent in December 2022. It was 5.7 percent in November 2022. Barring crude oil, all the segments posted an increase in production. The Eight Core Industries - coal, crude oil, natural gas, refinery produc...
Output of eight core industries records almost flat growth rate of 6% in February 2023
Output of eight core industries records almost flat growth rate of 6% in February 2023
Source: Accord Fintech
3/04/2023 11:46:36 AM
Odisha approves six industrial projects worth Rs 854 cr he Odisha government on Friday approved six industrial projects that will bring investment to the tune of Rs 854.17 crore to the state. The State Level Single Window Clearance Authority (SLSWCA), headed by Chief Secretary Pradeep Kumar Jena, has approved the projects from diverse sectors that would generate employment opportunities for 2,167 people in Odisha. Investment intents from four of these projects were received during Make in Odisha Conclave 2022, officials said, adding that the...
Odisha approves six industrial projects worth Rs 854 cr
Odisha approves six industrial projects worth Rs 854 cr
Source: IANS
1/04/2023 9:54:04 AM
Index of eight core industries rises 6% in February The combined index of eight core industries (ICI) increased by 6 per cent in February 2023 as against the year-ago period, as the production of fertilisers, coal, electricity, cement, steel, refinery products and natural gas increased during the period under review. According to the data released by the Commerce Ministry, only the crude oil production declined by 4.9 per cent in February 2023 over February 2022. Its cumulative index declined by 1.6 per cent during April to February period ...
Index of eight core industries rises 6% in February
Index of eight core industries rises 6% in February
Source: IANS
31/03/2023 5:48:33 PM
Cabinet approves exemption to NTPC to invest in NTPC Green Energy The Cabinet Committee on Economic Affairs (CCEA) on Friday granted exemption to NTPC Ltd for making investment in NTPC Green Energy Ltd (NGEL), it's wholly-owned subsidiary. The CCEA also exempted NGEL's investment in NTPC Renewable Energy Ltd (NREL) and its other joint ventures and subsidiaries, subject to a ceiling of 15 per cent of its net worth beyond the monetary ceiling of Rs 5,000 crore to Rs 7,500 crore, towards achieving a target of 60 GW renewable energy (RE) capacity by ...
Cabinet approves exemption to NTPC to invest in NTPC Green Energy
Cabinet approves exemption to NTPC to invest in NTPC Green Energy
Source: IANS
18/03/2023 10:06:36 AM
Germany met emissions targets in 2022 despite more coal power Germany met its emissions targets in 2022 despite the increased use of coal-fired power during the energy crisis, according to preliminary calculations published by the Federal Environment Agency (UBA). Following an increase in 2021, UBA said that Germany's greenhouse gas emissions in 2022 fell slightly by 1.9 per cent year-on-year, to around 746 million metric tonnes, reports Xinhua news agency. Compared to 1990, emissions fell by around 40.4 per cent. However, the decline in em...
Germany met emissions targets in 2022 despite more coal power
Germany met emissions targets in 2022 despite more coal power
Source: IANS
17/03/2023 1:27:00 PM
India using SWIFT global payment system to settle dollar trade with Russia Indian is using the SWIFT global payment system to settle dollar payment with Russia, a top trade official said on Wednesday, at a time when the Asian nation has sharped increased its purchases of discounted coal and oil from Moscow. The West blocked several Russian banks' access to the international SWIFT payments system soon after Moscow invaded Ukraine in February last year. SWIFT underpins financial transactions globally.
India using SWIFT global payment system to settle dollar trade with Russia
India using SWIFT global payment system to settle dollar trade with Russia
Source: Reuters
15/03/2023 5:39:11 PM
Coal imports see 25% fall in last 3 years as India aims to enhance domestic production Coal imports have seen a 25 per cent fall in the last three years as India strives to increase domestic production and reduce dependence on imports, despite the fact that owing to global geopolitical turmoil which has put a strain on supply chains, it, along with other nations, has been forced to enhance its dependence on the dry fuel instead of moving to greener sources of energy. The government imported 248.54 million tonnes of coal in 2019-20, which has come down by 25 per cent to 186.0...
Coal imports see 25% fall in last 3 years as India aims to enhance domestic production
Coal imports see 25% fall in last 3 years as India aims to enhance domestic production
Source: IANS
14/03/2023 8:57:12 AM
India, Australia collaborate for key mineral projects Working towards investment in critical mineral projects, including lithium, to develop supply chains between the two countries, India and Australia held bilateral talks on Friday. The Union Minister for Coal, Mines and Parliamentary Affairs, Pralhad Joshi, and Minister for Resources and Northern Australia, Madeleine King, announced the partnership and have identified five target projects (two lithium and three cobalt) on which to undertake detailed due diligence. Ministers from the two ...
India, Australia collaborate for key mineral projects
India, Australia collaborate for key mineral projects
Source: IANS
12/03/2023 9:26:47 AM
Dark summer nights: India faces high risks of power cuts after years of coal, hydro power neglect India faces a high risk of nighttime power cuts this summer and in coming years, as delays in adding new coal-fired and hydropower capacity could limit the country's ability to address surging electricity demand when solar energy is not available. A rapid addition of solar farms has helped India avert daytime supply gaps, but a shortage of coal-fired and hydropower capacity risks exposing millions to widespread outages at night, government data and internal documents reviewed by Reuter...
Dark summer nights: India faces high risks of power cuts after years of coal, hydro power neglect
Dark summer nights: India faces high risks of power cuts after years of coal, hydro power neglect
Source: Reuters
9/03/2023 9:02:28 AM
Jindal Power bags Gare Palma Sector (East) coal block under forward auction Jindal Power Ltd on Friday won the bid for Gare Palma Sector 1 (East) coal block, which has geological reserves of 965 million tonnes. The coal block was successfully bid by Jindal Power under the forward auction of mines, which the Coal Ministry had started on February 27. This particular coal mine, located in Chhattisgarh, will, upon operationalisation, generate an annual revenue of Rs 1,968 crore and will attract a capital investment of Rs 2,250 crore, while providing employment to m...
Jindal Power bags Gare Palma Sector (East) coal block under forward auction
Jindal Power bags Gare Palma Sector (East) coal block under forward auction
Source: IANS
4/03/2023 10:09:32 AM
Shree Cement, Dalmia Cement (Bharat) among successful bidders for coal mines Shree Cement and Dalmia Cement (Bharat) were among the major bidders who, on Monday, secured bids under forward e-auction of coal mines which was conducted by the government. A total of 10 coal mines were put up for forward auction, out of which Shree Cement got Datima mine in Chhattisgarh while Dalmia Cement (Bharat) secured Mandla North mine in Madhya Pradesh. CG Natural Resources Private Ltd, Rama Cement Industries Private Ltd and Orissa Metallurgical Industry Private Ltd were some o...
Shree Cement, Dalmia Cement (Bharat) among successful bidders for coal mines
Shree Cement, Dalmia Cement (Bharat) among successful bidders for coal mines
Source: IANS
28/02/2023 9:05:17 AM
Tamil Nadu power utility to import 9 mn MT of coal in March to tide over summer crisis The Tamil Nadu Generation and Distribution Corporation (Tangedco) will import 9 million metric tonnes of coal in March to provide uninterrupted power supply during summer. The coal, according to sources in Tangedco, will be imported from Indonesia. This decision is following the Union Coal ministry directing the state governments to import 6 per cent of their coal requirements in summer. It is to be noted that Tangedco was receiving coal from Odisha's Talchar and Telengana's Sin...
Tamil Nadu power utility to import 9 mn MT of coal in March to tide over summer crisis
Tamil Nadu power utility to import 9 mn MT of coal in March to tide over summer crisis
Source: IANS
26/02/2023 9:34:59 AM
S&P Global Commodity Insights: India`s January power demand grew by 18% year on year Higher power demand driven by abnormal weather India’s power demand for January was 184 aGW, which is 18% higher year on year. The strong demand was mostly driven by colder than normal weather as HDDs for January was on average 1.5°C higher per day. However, since Jan. 21, the weather has flipped and has turned warmer than normal and is driving cooling demand. For Feb. 1-12, CDDs were about 2°C higher per day year on year, and power demand has averaged 197 aGW and is abo...
S&P Global Commodity Insights: India`s January power demand grew by 18% year on year
S&P Global Commodity Insights: India`s January power demand grew by 18% year on year
Source: PR Agency
17/02/2023 5:35:53 PM
Coal minister asks CIL to remove bottlenecks to boost production Minister of Coal and Parliamentary Affairs Pralhad Joshi on Tuesday urged coal companies to identify and remove production bottlenecks in order to further increase dry fuel production. He said this while conducting a meeting to review dry fuel production from allocated blocks. So far in this financial year, 92.3 million tonnes coal has been produced from 54 operational coal blocks. The meeting was held with officials of Coal India Limited (CIL) at the company's headquarters in Ko...
Coal minister asks CIL to remove bottlenecks to boost production
Coal minister asks CIL to remove bottlenecks to boost production
Source: IANS
14/02/2023 3:38:49 PM
Essar Oil & Gas Exploration & Production achieves highest ever revenue and EBIDTA  Essar Oil and Gas Exploration and Production Ltd (EOGEPL), a pioneer and leader in unconventional hydrocarbon space, on Monday announced its results for the quarter ending December 31, 2022. The company has reported its highest ever quarterly revenue of Rs 219 crore in Q3 FY23, with 54 per cent YoY growth. In the quarter ending December 31, 2022, EOGEPL's EBIDTA grew by ~100 per cent on YoY basis to RS 171 crore, and its PAT (profit after tax) increased by 273 per cent as compare...
Essar Oil & Gas Exploration & Production achieves highest ever revenue and EBIDTA
Essar Oil & Gas Exploration & Production achieves highest ever revenue and EBIDTA
Source: IANS
13/02/2023 5:19:34 PM
Zimbabwe to start operating new coal power unit by March Zimbabwe will start operating a new unit at its only coal-fired power plant by March, the country's deputy energy minister said on Wednesday, providing relief to millions of citizens rocked by frequent power outages in recent months. The new unit of the Hwange power plant will lift the African nation's installed capacity by more than 14% to 2400 megawatts. The next unit is expected to be commissioned soon after, Magna Mudyiwa said, without giving a timeline. Less than half of Zi...
Zimbabwe to start operating new coal power unit by March
Zimbabwe to start operating new coal power unit by March
Source: Reuters
8/02/2023 3:54:56 PM
First Energy Transitions Working Group Meeting to begin Today The first G20 Energy Transitions Working Group (ETWG) Meeting under India's Presidency will begin on Sunday. The first G20 ETWG Meeting under India's Presidency being held in Bengaluru will have over 150 participants including G20 member countries, nine special invitee guest countries -- Bangladesh, Egypt, Mauritius, Netherlands, Nigeria, Oman, Singapore, UAE and Spain. India's G20 Presidency will share, collaborate, and build on the sense of trusteeship amongst the member c...
First Energy Transitions Working Group Meeting to begin Today
First Energy Transitions Working Group Meeting to begin Today
Source: IANS
5/02/2023 9:22:05 AM
Coal production rises 13% to 90 mn tonnes in January 2023 Domestic coal production rose 13 per cent to 89.96 million tonnes during January 2023 against 79.65 million tonnes in the corresponding period of last year. According to official data, during January 2023, Coal India Ltd (CIL) registered a growth of 11.44 per cent, while Singareni Collieries Company Ltd (SCCL) and captive mines recorded a growth of 13.93 per cent and 22.89 per cent, respectively. Of the top 37 coal producing mines, 28 mines produced more than 100 per cent of dry fuel an...
Coal production rises 13% to 90 mn tonnes in January 2023
Coal production rises 13% to 90 mn tonnes in January 2023
Source: IANS
3/02/2023 6:30:07 PM
Coal India's reports 70% surge in Q3 profit on higher demand State-run Coal India reported a 70.1% surge in third-quarter profit on Tuesday, beating estimates, as production at the world's largest coal miner increased due to higher power demand amid extreme weather conditions. Consolidated net profit rose to 77.56 billion Indian rupees ($948.35 million) for the quarter ended Dec. 31 from 45.58 billion rupees a year earlier, the company said in an exchange filing. Analysts, on average, had expected a profit of 70.47 billion rupees, according t...
Coal India's reports 70% surge in Q3 profit on higher demand
Coal India's reports 70% surge in Q3 profit on higher demand
Source: Reuters
31/01/2023 6:52:16 PM
New coal blending order to raise discoms` cost by Rs 11,000 crore in H1FY24: Crisil Rating agency Crisil in its latest report has said that distribution companies (discoms) have to brace for an increase of as much as Rs 11,000 crore on-year in their power purchase cost in the first half of next fiscal (H1 of FY24) following the government’s directive to thermal power plants (gencos) to increase blending of imported coal to 6% of their requirement until September. The report stated that the order, dated January 9, is the second blending directive this fiscal and is a...
New coal blending order to raise discoms` cost by Rs 11,000 crore in H1FY24: Crisil
New coal blending order to raise discoms` cost by Rs 11,000 crore in H1FY24: Crisil
Source: Accord Fintech
31/01/2023 1:01:05 PM