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Coal imports fall by Rs 13,629 crore in April-September as domestic output rises The import of coal by non-regulated sectors and domestic coal-based thermal power plants, for blending, declined by 9.83 per cent to 63.28 million tonnes (MT) from April to September 2024, from 70.18 MT in the same period last year, and by 8.6  per cent to 9.79 MT from 10.71 MT, respectively, the Ministry of Coal said on Wednesday.  "This demonstrates an increased reliance on domestic coal supplies for these sectors. However, there has been a rise in the import of coking coa...
Coal imports fall by Rs 13,629 crore in April-September as domestic output rises
Coal imports fall by Rs 13,629 crore in April-September as domestic output rises
Source: IANS
2024-11-20 04:05:50 pm
India thermal coal imports fall at fastest pace in 15 months  India's imports of thermal coal plunged by about a third on an annual basis in October, according to data analytics firms Bigmint and Kpler, due to slowing power generation and higher clean energy output. Shipments into the world's second-largest coal importer plunged 31.8% to 13.56 million metric tons, Bigmint data showed. This was the fastest rate of contraction in fifteen months, and the first consecutive decline since July 2023. Traders expect Indian purchases to pick ...
India thermal coal imports fall at fastest pace in 15 months
India thermal coal imports fall at fastest pace in 15 months
Source: IANS
2024-11-12 01:54:05 pm
India`s coal production from captive, commercial mines crosses 100 MT India's coal production from captive and commercial mines has exceeded 100 million tonnes (MT) in the current fiscal (as of November 8) which is a 33 per cent year-on-year growth, the government said on Saturday.   This time, the feat was achieved nearly 100 days earlier than the previous financial year, which was achieved in January 2024, thus marking a significant milestone in the nation's journey towards Viksit and Atmanirbhar Bharat. According to a Ministry of Coal stat...
India`s coal production from captive, commercial mines crosses 100 MT
India`s coal production from captive, commercial mines crosses 100 MT
Source: IANS
2024-11-10 09:02:59 am
India’s coal production sees 7.5 pc growth in October  India's coal production reached 84.45 million tonnes (MT) in the month of October, surpassing 78.57 MT production in the corresponding month last year with 7.48 per cent growth, the government said on Friday.  Coal production from captive and other entities also showed substantial growth, rising to 16.59 MT in October 2024 compared to 11.70 MT in the same period last year, reflecting a remarkable growth rate of 41.75 per cent, according to the Ministry of Coal data. The c...
India’s coal production sees 7.5 pc growth in October
India’s coal production sees 7.5 pc growth in October
Source: IANS
2024-11-01 07:35:09 pm
India`s core industries see 2 pc growth in September as coal, cement lead India's core industries saw a growth of 2 per cent in September compared to the same month last year, riding on the growth in the production of cement, refinery products, coal, fertilisers, and steel.  The cumulative growth rate of the Index of Eight Core Industries (ICI) during the April-September period stood at 4.2 per cent as compared to the corresponding period of last year, according to the Ministry of Commerce and Industry, adding that the final growth rate of ICI for June ...
India`s core industries see 2 pc growth in September as coal, cement lead
India`s core industries see 2 pc growth in September as coal, cement lead
Source: IANS
2024-10-31 09:22:24 am
India considers imports of Mongolian coking coal via Russia, source says  India is exploring ways to import regular supplies of Mongolian coking coal by way of Russia, a senior government official with direct knowledge of the matter said, as New Delhi seeks to avoid over-reliance on transit through China. Mills in India, the world's second-biggest producer of crude steel, grappled with volatile Australian supplies of coking coal last year, and the government sent delegations to Mongolia in an effort to diversify sources of the fuel. Despite a longer...
India considers imports of Mongolian coking coal via Russia, source says
India considers imports of Mongolian coking coal via Russia, source says
Source: Reuters
2024-10-21 04:58:45 pm
India extends operation of imported coal-based power plants, government circular shows India has extended the mandate for the country's imported coal-based power plants to operate at full capacity until Dec. 31 in anticipation of higher power demand, according to a government circular reviewed by Reuters. Previously, the government had allowed the imported coal-based plants to operate at full capacity until Oct. 15. The order is not yet public and the federal power ministry did not immediately respond to a request for comment. The order, dated Tuesday, invoked an e...
India extends operation of imported coal-based power plants, government circular shows
India extends operation of imported coal-based power plants, government circular shows
Source: Reuters
2024-10-16 02:27:59 pm
India`s coal-fired monthly power output slips consecutively for the first time since pandemic  India's coal-fired power output fell for a second straight month in September on an annual basis due to slower growth in electricity use and a surge in solar generation, a Reuters review of data from the federal grid regulator showed. The decline reflects a shift in fuel use patterns in the world's fastest growing major economy and third-largest greenhouse gas emitter. It follows 47 straight months of year-over-year growth in coal use for power generation. Electricity use ...
India`s coal-fired monthly power output slips consecutively for the first time since pandemic
India`s coal-fired monthly power output slips consecutively for the first time since pandemic
Source: Reuters
2024-10-09 11:16:02 am
Coal imports see marginal increase amid coal-based power generation surge: Centre Coal imports saw a marginal increase of 0.9 per cent, reaching 90.51 million tonnes (MT) in the April-July period of FY25, compared to 89.68 MT in the previous year to meet the current consumption landscape, the Centre said on Wednesday.  Despite a growth of 10.18 per cent in coal-based power generation from April to July 2024 compared to the same period last year, imports for blending purposes decreased by 8.2 per cent during the same period. “This decline underscores India&...
Coal imports see marginal increase amid coal-based power generation surge: Centre
Coal imports see marginal increase amid coal-based power generation surge: Centre
Source: IANS
2024-09-25 04:02:23 pm
Coal production sees 6.36 pc growth, shows positive trajectory: Centre India’s total coal production reached 384.07 million tonnes (MT) in the April-August period this fiscal, a growth of 6.36 per cent compared to 361.11 MT during the corresponding period of the previous year, the government said on Tuesday.  However, in August, overall coal production decreased slightly to 62.67 MT, down from 67.76 MT in August 2023, reflecting a 7.51 per cent decline, according to a statement by the Ministry of Coal. "India’s coal production and sup...
Coal production sees 6.36 pc growth, shows positive trajectory: Centre
Coal production sees 6.36 pc growth, shows positive trajectory: Centre
Source: IANS
2024-09-11 10:09:57 am
India`s coal production sees 6.48 pc growth at 384 MT in April-August  The coal production in India reached 384.08 million tonnes (MT) up to August in the current fiscal, a growth of 6.48 per cent compared to 360.71 MT during the same period in FY24, the government said on Monday.  According to the Ministry of Coal, the production of Coal India Limited (CIL) surged to 290.39 MT during the period of April-August, marking a growth of 3.17 per cent as compared to 281.46 MT during the corresponding period of last period. Coal production from captive...
India`s coal production sees 6.48 pc growth at 384 MT in April-August
India`s coal production sees 6.48 pc growth at 384 MT in April-August
Source: IANS
2024-09-02 04:46:11 pm
India`s coal production shoots past 370 million tonnes in 2024 Ministry of Coal said on Tuesday that the country’s cumulative coal production for the financial year 2024-25, as of Aug 25 has shot up by  7.12 per cent to 370.67 million tonnes compared to 346.02 million tonnes (MT) during the same period in FY 2023-24. The overall coal dispatch from the mines to the consumption centres has also recorded a substantial rise to 397.06 MT as of August 25. This represents a growth rate of 5.48 per cent compared to the previous year's dispatch ...
India`s coal production shoots past 370 million tonnes in 2024
India`s coal production shoots past 370 million tonnes in 2024
Source: IANS
2024-08-28 09:05:02 am
Centre launches Coal Mines Safety Portal to help achieve `Zero Accident`goal To assess the safety status of coal companies, Secretary, the Ministry of Coal, Amrit Lal Meena has reviewed the ongoing development of the National Coal Mines Safety Report Portal as part of the Zero Accident Goal fixed for the sector, according to an official statement issued on Saturday.  The review meeting was attended by the Chairman, Coal India Limited (CIL) and CMDs of subsidiaries of CIL, along with senior officials of the Ministry. Meena emphasised the necessity of conducting...
Centre launches Coal Mines Safety Portal to help achieve `Zero Accident`goal
Centre launches Coal Mines Safety Portal to help achieve `Zero Accident`goal
Source: IANS
2024-08-24 03:22:21 pm
Coal sector PSUs step up healthcare drive for poor with Rs 800 crore CSR budget Coal India Limited (CIL), its subsidiaries, NLCIL are making a profound impact on community well-being, with an annual commitment of approximately Rs 800 crore towards Corporate Social Responsibility (CSR) initiatives related to healthcare, education, environment sustainability and women empowerment, according to a Coal Ministry statement issued on Monday.    CIL's flagship health initiative, the Thalassemia Bal Sewa Yojana (TBSY), has reached a significant milestone with the...
Coal sector PSUs step up healthcare drive for poor with Rs 800 crore CSR budget
Coal sector PSUs step up healthcare drive for poor with Rs 800 crore CSR budget
Source: IANS
2024-08-20 09:55:55 am
Higher coal production leads to decline in prices in June Coal prices came down in the country during June, indicating an increase in the availability of the fuel to meet the growing demand in the economy, according to a Coal Ministry statement issued on Friday.   "The National Coal Index, which reflects prices, has shown a significant decline of 3.48 per cent in June 2024 at 142.13 points compared to the corresponding figure of 147.25 points for June 2023. This notable decrease indicates sufficient availability of coal in the market to...
Higher coal production leads to decline in prices in June
Higher coal production leads to decline in prices in June
Source: IANS
2024-08-17 08:57:16 am
GAIL gains on signing joint venture agreement with Coal India GAIL (India) is currently trading at Rs. 227.40, up by 2.80 points or 1.25% from its previous closing of Rs. 224.60 on the BSE. The scrip opened at Rs. 225.20 and has touched a high and low of Rs. 230.50 and Rs. 225.20 respectively. So far 719889 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 246.35 on 31-Jul-2024 and a 52 week low of Rs. 111.50 on 18-Aug-2023. Last one week high and low of the scrip stood at ...
GAIL gains on signing joint venture agreement with Coal India
GAIL gains on signing joint venture agreement with Coal India
Source: Accord Fintech
2024-08-06 03:06:44 pm
Government inks production pacts for 3 coal mines to pave way for Rs 4,500 cr investment The Ministry of Coal on Monday signed development and production agreements for three coal mines auctioned under the second attempt of the 7th round which are expected to bring in an investment of Rs 4,500 crore.  The mines for which agreements were executed are the Machhakata coal mine, the Kudanali Lubri coal mine, and the Sakhigopal-B Kakurhi coal mine. While two of these mines are partially explored, one is fully explored, the Coal Ministry said. The successful bidders are NLC ...
Government inks production pacts for 3 coal mines to pave way for Rs 4,500 cr investment
Government inks production pacts for 3 coal mines to pave way for Rs 4,500 cr investment
Source: IANS
2024-07-15 06:24:30 pm
Indian Railways achieves record coal loading of 728 million tons in 2023-24 Indian Railways has recorded a 59.6 million tons increase in its coal loading during the financial year 2023-24 to reach a record 787.58 million tons from the corresponding figure of 727.98 million tons in 2022-23, according to figures released by the Ministry of Railways. The ministry also informed that in FY 2023-24, the revenue generated was Rs 86,838.35 crore. The growth in Indian Railways has continued into the current financial year with a total freight loading of 135.46 million t...
Indian Railways achieves record coal loading of 728 million tons in 2023-24
Indian Railways achieves record coal loading of 728 million tons in 2023-24
Source: IANS
2024-07-12 05:28:53 pm
Coal production from captive, commercial mines shoots up by 35 per cent in April-June The production of coal from the country's captive and commercial mines has shot up by 35 per cent to 39.53 million tonnes in the April-June quarter of 2024-25 from 29.26 million tonnes in the same period of the previous financial year, according to figures released by the Ministry of Coal on Wednesday.  Similarly, the dispatch of coal has shown a growth of 34.25 per cent year-on-year to to 45.68 million tonnes in the first quarter of FY25 from 34.07 million tonnes (MT) in the same...
Coal production from captive, commercial mines shoots up by 35 per cent in April-June
Coal production from captive, commercial mines shoots up by 35 per cent in April-June
Source: IANS
2024-07-04 10:13:27 am
India`s coal production surges by 14.5 pc to 84.6 million tonnes in June India’s coal production registered a robust 14.5 per cent growth in June this year to touch the 84.63 million tonnes mark compared to 73.92 million tonnes in the same month last year, according to the latest figures released by the Ministry of Coal. Coal India Limited (CIL) achieved coal production of 63.10 million tonnes (MT), marking a growth of 8.87 per cent compared to the same period last year when it was 57.96 MT. Additionally, coal production by captive/other companies in June...
India`s coal production surges by 14.5 pc to 84.6 million tonnes in June
India`s coal production surges by 14.5 pc to 84.6 million tonnes in June
Source: IANS
2024-07-03 12:52:07 pm
Coal Ministry draws up strict norms to limit environmental impact of mining ops The Coal Ministry on Tuesday held discussions with stakeholders on the more stringent guidelines that it plans to introduce for fostering a sustainable approach to coal mining that includes mandatory measures to preserve the environment.   Additional Secretary and Nominated Authority M. Nagaraju said the new guidelines emphasise responsible mining practices that support industry growth while prioritising ecosystem preservation. The key elements include the mandatory inclusion of re...
Coal Ministry draws up strict norms to limit environmental impact of mining ops
Coal Ministry draws up strict norms to limit environmental impact of mining ops
Source: IANS
2024-07-03 10:00:05 am
Centre has adequate coal to meet requirements of domestic thermal power plants: Coal ministry The coal ministry said that the Centre has adequate coal to meet the requirements of domestic thermal power plants (TTPs). The coal stocks at domestic TPPs as on June 29, 2024 stood at 44.46 million tonnes (MT), which is sufficient to meet the requirements of 18.5 days as per present level of consumption. This stock position is 33 per cent higher over stock position of same time during last year. Coal production grew 10.58 per cent in the June quarter, and supply of coal saw a rise of 8.50 pe...
Centre has adequate coal to meet requirements of domestic thermal power plants: Coal ministry
Centre has adequate coal to meet requirements of domestic thermal power plants: Coal ministry
Source: Accord Fintech
2024-07-02 12:36:31 pm
Coal stocks at power plants increased by 33 pc to prevent outages in rainy season The coal stocks at domestic coal-based Thermal Power Plants is currently at 44.46 million tonnes (MT) which is sufficient to meet the requirements for 18.5 days as per the present level of consumption, the Ministry of Coal said on Monday. This stock position is 33 per cent higher than what it was at the same time last year, while the production of coal during the April-June quarter of this year has recorded a robust double-digit growth of 10.58 per cent.  The Coal Ministry said tha...
Coal stocks at power plants increased by 33 pc to prevent outages in rainy season
Coal stocks at power plants increased by 33 pc to prevent outages in rainy season
Source: IANS
2024-07-02 10:38:14 am
India's eight core industries post 6.3 per cent growth in May The eight core industries that include sectors such as coal, cement, steel and electricity posted a 6.3 per cent growth in May this year compared to the same month of the previous year, according to data released by the Commerce and Industry Ministry on Friday.  Electricity generation clocked a robust 12.8 per cent increase during May over the same month of the previous year. Coal production also posted a double-digit growth of 10.2 per cent in May while steel production rose by 7....
India's eight core industries post 6.3 per cent growth in May
India's eight core industries post 6.3 per cent growth in May
Source: IANS
2024-06-29 09:30:59 am
India's coal-based power demand at all-time high, government says India's demand for coal-based power has risen by 7.3% this fiscal year to an all-time high, the government said in a statement on Wednesday. Peak demand for power in India's hot, arid northern plains hit a record earlier this week, even as the government said it continues to implement measures to meet high energy consumption. The India Meteorological Department (IMD) has predicted above-normal temperatures for June in the northwest and central parts of the country, making it one...
India's coal-based power demand at all-time high, government says
India's coal-based power demand at all-time high, government says
Source: Reuters
2024-06-19 04:50:52 pm
Railways rushes more coal to power plants to meet peak summer demand Railways rushes more coal to power plants to meet peak summer demand New Delhi, June 6 (IANS) Indian Railways transported 9.3 per cent more coal in May this year compared to the same month last year to help the country’s power plants meet the peak demand for electricity in the scorching summer from power plants, official data shows. Coal stocks at thermal power plants have been replenished in time, as logistics planning was undertaken in advance for the onset of the summer. The full com...
Railways rushes more coal to power plants to meet peak summer demand
Railways rushes more coal to power plants to meet peak summer demand
Source: IANS
2024-06-06 04:31:32 pm
BCGCL floats tender for Rs 1,1782cr coal gasification project in Odisha Bharat Coal Gasification & Chemicals Limited (BCGCL), a joint venture company of Coal India Ltd and BHEL has floated a tender for the selection of an LSTK-2 (lump sum turnkey) to start work on a portion of its Coal to Ammonium Nitrate project in Odisha which is coming up with an investment of Rs 1,1782 crores, according to a statement issued by the Ministry of Coal on Friday.  The project involves the setting up of a Syngas Purification Plant and ammonia Synthesis gas plant that w...
BCGCL floats tender for Rs 1,1782cr coal gasification project in Odisha
BCGCL floats tender for Rs 1,1782cr coal gasification project in Odisha
Source: IANS
2024-06-01 09:29:39 am
India`s coal output rises 7.4 per cent to 73.26 million tonnes in April India's coal production increased by 7.4 per cent in April to 78.69 million tonnes compared to the corresponding figure of 73.26 million tonnes for the same month last year, the Ministry of Coal said on Thursday. During April 2024, Coal India Limited (CIL) achieved a coal production of 61.78 million tonnes (MT) marking a growth of 7.31 per cent compared to the same period last year when it was 57.57 MT. Additionally, coal production by captive/others in April 2024 stood at 11.43 MT,...
India`s coal output rises 7.4 per cent to 73.26 million tonnes in April
India`s coal output rises 7.4 per cent to 73.26 million tonnes in April
Source: IANS
2024-05-03 10:10:41 am
Output of eight core industries registers growth of 5.2% in March 2024 The output of eight core industries posted a growth of 5.2 percent in March 2024 as the production of cement, coal, electricity, natural gas, steel and crude oil recorded positive growth in the same month. The output of core sectors had grown by 7.1 per cent in February 2024 and 4.1 per cent in January 2024, while it stood 4.2 per cent in March 2023. The Eight Core Industries - coal, crude oil, natural gas, refinery products, fertilizers, steel, cement and electricity - comprise 40.27 per cen...
Output of eight core industries registers growth of 5.2% in March 2024
Output of eight core industries registers growth of 5.2% in March 2024
Source: Accord Fintech
2024-05-02 11:34:51 am
Core sector industries clock 5.2 per cent growth in March The eight core industries, which include sectors such as coal, cement, steel and electricity, posted a 5.2 per cent growth in March this year compared to the same month of the previous year, according to data released by the Commerce and Industry Ministry on Tuesday. Cement production recorded a double-digit 10.6 per cent growth during the month on the back of increased demand from big infrastructure projects and pick-up in the real estate sector. Steel production also increased by 5.5 per...
Core sector industries clock 5.2 per cent growth in March
Core sector industries clock 5.2 per cent growth in March
Source: IANS
2024-05-01 09:07:36 am
NTPC gains on logging highest-ever power generation of 422 BU in FY24 NTPC is currently trading at Rs. 343.05, up by 0.80 points or 0.23% from its previous closing of Rs. 342.25 on the BSE. The scrip opened at Rs. 343.00 and has touched a high and low of Rs. 345.80 and Rs. 340.75 respectively. So far 166925 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 360.35 on 06-Mar-2024 and a 52 week low of Rs. 166.65 on 20-Apr-2023. Last one week high and low of the scrip stood at Rs. 345....
NTPC gains on logging highest-ever power generation of 422 BU in FY24
NTPC gains on logging highest-ever power generation of 422 BU in FY24
Source: Accord Fintech
2024-04-02 03:19:44 pm
Coal India moves up as its production rises by 6.1% to 88.6 MT in March Coal India is currently trading at Rs. 442.55, up by 0.55 points or 0.12% from its previous closing of Rs. 442.00 on the BSE. The scrip opened at Rs. 442.50 and has touched a high and low of Rs. 448.40 and Rs. 436.10 respectively. So far 184452 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 487.75 on 16-Feb-2024 and a 52 week low of Rs. 213.70 on 03-Apr-2023. Last one week high and low of the scrip stood at Rs...
Coal India moves up as its production rises by 6.1% to 88.6 MT in March
Coal India moves up as its production rises by 6.1% to 88.6 MT in March
Source: Accord Fintech
2024-04-02 02:16:43 pm
NTPC surges on logging 55% growth in coal dispatch in FY24 NTPC is currently trading at Rs. 343.90, up by 7.95 points or 2.37% from its previous closing of Rs. 335.95 on the BSE. The scrip opened at Rs. 339.00 and has touched a high and low of Rs. 344.30 and Rs. 336.15 respectively. So far 308391 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 360.35 on 06-Mar-2024 and a 52 week low of Rs. 166.65 on 20-Apr-2023. Last one week high and low of the scrip stood at Rs. 344....
NTPC surges on logging 55% growth in coal dispatch in FY24
NTPC surges on logging 55% growth in coal dispatch in FY24
Source: Accord Fintech
2024-04-01 02:33:00 pm
Ravindra Energy zooms on receiving LoA from MSEDCL Ravindra Energy is currently trading at Rs. 85.93, up by 3.45 points or 4.18% from its previous closing of Rs. 82.48 on the BSE. The scrip opened at Rs. 86.49 and has touched a high and low of Rs. 86.58 and Rs. 84.30 respectively. So far 41538 shares were traded on the counter. The BSE group 'XT' stock of face value Rs. 10 has touched a 52 week high of Rs. 129.70 on 29-Jan-2024 and a 52 week low of Rs. 40.00 on 05-Apr-2023. Last one week high and low of the scrip stood at Rs....
Ravindra Energy zooms on receiving LoA from MSEDCL
Ravindra Energy zooms on receiving LoA from MSEDCL
Source: Accord Fintech
2024-03-11 10:51:05 am
Coal India rises on executing MoU with RRVUNL Coal India is currently trading at Rs. 461.50, up by 2.95 points or 0.64% from its previous closing of Rs. 458.55 on the BSE. The scrip opened at Rs. 460.40 and has touched a high and low of Rs. 462.60 and Rs. 458.15 respectively. So far 15264 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 487.75 on 16-Feb-2024 and a 52 week low of Rs. 207.70 on 27-Mar-2023. Last one week high and low of the scrip stood at Rs....
Coal India rises on executing MoU with RRVUNL
Coal India rises on executing MoU with RRVUNL
Source: Accord Fintech
2024-03-11 09:46:53 am
Coal sector PSUs surpass target with Rs 22,448 crore CAPEX in 2023-24 Coal sector PSUs such as Coal India Ltd and NLCIL have surpassed the annual target of 21,030 crore capital expenditure (CAPEX) fixed for the current financial year ending on March 31, 2024 with a total investment of Rs 22,448.24 crore at the end of February, the Coal Ministry said on Saturday. The record level of productive investment which works out to 106.74 per cent of the target has a multiplier impact on the overall economy as it creates more employment and boosts demand in other sect...
Coal sector PSUs surpass target with Rs 22,448 crore CAPEX in 2023-24
Coal sector PSUs surpass target with Rs 22,448 crore CAPEX in 2023-24
Source: IANS
2024-03-09 02:15:15 pm
Indian government panel backs higher carbon tax on coal imports A panel of officials from Indian ministries has called for a bigger carbon tax on higher quality imported coal while cutting rates for domestic coal, in a bid to slash shipments of the polluting fuel, the coal ministry said on Thursday. Coal is among India's top five commodity imports by value. Despite surging domestic production, mainly of low-quality coal with high ash content, it has failed to cut back on imports and ranks as the world's second largest importer. In its report...
Indian government panel backs higher carbon tax on coal imports
Indian government panel backs higher carbon tax on coal imports
Source: Reuters
2024-03-07 05:26:27 pm
Indian government to sell up to 7% stake in coal miner NLC India's federal government will offer to sell a stake of up to 7% in coal miner NLC India this week, according to filing to the stock exchange. The government holds a 79.2% stake in the company, whose shares have nearly tripled over the last year to 226.70 rupees as of Wednesday. The government will offer to sell 5% of its stake in the state-run company, which also operates power plants, with an option to sell an additional 2% stake if there is more demand, according to the notifica...
Indian government to sell up to 7% stake in coal miner NLC
Indian government to sell up to 7% stake in coal miner NLC
Source: Reuters
2024-03-07 09:17:49 am
Gevra coal mine in Chhattisgarh poised to become largest in Asia Chhattisgarh-based Coal India subsidiary South Eastern Coalfield Limited’s (SECL) Gevra mine is set to become the largest coal mine in Asia as it has been granted environmental clearance to expand production capacity to 70 million tons per annum from the current 52.5 million tons, the Coal Ministry said on Tuesday. The Coal Ministry and the Ministry of Environment and Forests had fast-tracked the clearance for the expansion as Gevra is one of the megaprojects of South Eastern Coalfie...
Gevra coal mine in Chhattisgarh poised to become largest in Asia
Gevra coal mine in Chhattisgarh poised to become largest in Asia
Source: IANS
2024-03-05 05:28:22 pm
Exclusive-Indian firms look to bet big on coal-fired power after long absence Private Indian firms have expressed interest in building at least 10 gigawatts (GW) of coal-fired power capacity over a decade, four sources familiar with the matter said, ending a six-year drought in significant private involvement in the sector. Adani Power, JSW Group and Essar Power are among the companies that have told India's power ministry they would be keen to expand old plants or develop stalled projects facing financial stress, according to the sources and a government presen...
Exclusive-Indian firms look to bet big on coal-fired power after long absence
Exclusive-Indian firms look to bet big on coal-fired power after long absence
Source: Reuters
2024-03-05 02:10:16 pm
India`s coal production surges by 11.83 pc in Febuary The country’s coal production increased by 11.83 per cent in February to 96.60 million tonnes compared to the corresponding figure of 86.38 MT in the same month last year, according data released by the Coal Ministry on Tuesday. The output of public sector giant Coal India Limited (CIL) rose by 8.69 per cent to 74.76 MT during the month from 68.78 MT in February 2023. The cumulative coal production for 11 months of the current financial year up to February 2024 has seen a 12.14 per c...
India`s coal production surges by 11.83 pc in Febuary
India`s coal production surges by 11.83 pc in Febuary
Source: IANS
2024-03-05 12:25:02 pm
Coal production from captive, commercial mines jumps by 27 pc The total coal production and dispatch from captive and commercial coal mines in the country during the period from April 1, 2023 to February 29, 2024, went up to 126.80 million tonnes and 128.88 million tonnes, marking an increase of 27.06 per cent and 29.14 per cent respectively, as compared to the same period of the previous year, according to figures released by the Coal Ministry on Saturday. The growth in coal production reflects the heightened efficiency and a strong logistics networ...
Coal production from captive, commercial mines jumps by 27 pc
Coal production from captive, commercial mines jumps by 27 pc
Source: IANS
2024-03-02 05:49:26 pm
New US sanctions more likely to curb Indian imports of Russian coal, traders say New U.S. sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of Russian coal said. Russia, historically a minor exporter of the fuel to India, began boosting shipments to the south Asian country after Western sanctions against Moscow over its invasion of Ukraine. The latest U.S. sanctions also include Russia's payment system, financial institutions a...
New US sanctions more likely to curb Indian imports of Russian coal, traders say
New US sanctions more likely to curb Indian imports of Russian coal, traders say
Source: Reuters
2024-03-01 09:31:18 am
Coal India, BHEL join hands to set up ammonium nitrate plant based on coal gasification technology Public sector giants Coal India Limited (CIL) and Bharat Heavy Electricals Limited (BHEL) on Wednesday signed a joint venture (JV) agreement for setting up an ammonium nitrate plant based on surface coal gasification technology, the Coal Ministry announced on Wednesday. The plant to come up in Odisha's Lakhanpur area of Mahanadi Coalfields Limited, will initially produce 2,000 tonnes of ammonium nitrate per day. The annual production is slated at 6.60 lakh tonnes which requires 1.3 ...
Coal India, BHEL join hands to set up ammonium nitrate plant based on coal gasification technology
Coal India, BHEL join hands to set up ammonium nitrate plant based on coal gasification technology
Source: IANS
2024-02-29 10:05:22 am
New US sanctions more likely to curb Indian imports of Russian coal, traders say New U.S. sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of Russian coal said. Russia, historically a minor exporter of the fuel to India, began boosting shipments to the south Asian country after Western sanctions against Moscow over its invasion of Ukraine. The latest U.S. sanctions also include Russia's payment system, financial institutions a...
New US sanctions more likely to curb Indian imports of Russian coal, traders say
New US sanctions more likely to curb Indian imports of Russian coal, traders say
Source: Reuters
2024-02-29 09:50:37 am
Indonesia, South Africa aim to regain lost share in Indian coal market Top coal exporters Indonesia and South Africa are aiming to ramp up supplies of thermal coal to key buyer India, company executives said, as they look to regain market share in the world's second largest import market for the fuel. Indonesia and South Africa are top suppliers of thermal coal to India, but have lost market share in recent years to the United States, Russia and Australia due to major changes in trade routes over geopolitical concerns. With a decline in Europe's ap...
Indonesia, South Africa aim to regain lost share in Indian coal market
Indonesia, South Africa aim to regain lost share in Indian coal market
Source: Reuters
2024-02-29 09:28:47 am
PM Narendra Modi to inaugurate Rs 1,393 cr coalfield projects in Madhya Pradesh tomorrow Prime Minister Narendra Modi will inaugurate two first mile connectivity projects of Northern Coalfields Limited (NCL) in Madhya Pradesh worth Rs 1,393.69 crore on Thursday, for the faster evacuation of coal in an environment-friendly way, the Coal Ministry said on Wednesday. The two projects of the Coal India Ltd subsidiary will result in an efficient mechanised evacuation of coal from the mines that will reduce carbon emissions. Among the noteworthy projects to be unveiled are the Jay...
PM Narendra Modi to inaugurate Rs 1,393 cr coalfield projects in Madhya Pradesh tomorrow
PM Narendra Modi to inaugurate Rs 1,393 cr coalfield projects in Madhya Pradesh tomorrow
Source: IANS
2024-02-28 03:34:43 pm
India`s thermal coal imports seen falling for first time since pandemic India's thermal coal imports are expected to fall for the first time this year since the COVID-19 pandemic due to increasing domestic output and record high inventories, industry officials said on Tuesday. Out of eleven coal traders Reuters spoke with at the Coaltrans India conference in the western state of Goa, eight expected shipments of the fuel to decrease this year, while the others foresaw flat imports or marginal growth. Surging production and supplies by world's largest...
India`s thermal coal imports seen falling for first time since pandemic
India`s thermal coal imports seen falling for first time since pandemic
Source: Reuters
2024-02-27 04:00:26 pm