Daily Archives: November 5, 2018

CIL eases mine-specific supply policy for small consumers

Coal India Ltd has relaxed the norms for “mine-specific coal supply” policy, which would ease availability of the dry fuel to consumers having less than one million tonne of requirement per annum. The move would benefit a large number of the mining major’s linked small consumers, the company said. “The policy norms have been relaxed

Average spot power price up 45% at Rs 5.94 per unit in October

The average power spot prices jumped over 45% to Rs 5.94 per unit in the month of October on the energy exchange from Rs 4.08 per unit in the same month a year ago. According to a statement by Indian Energy Exchange (IEX), coal shortage, higher demand, lower wind and hydropower generation were the key

GAIL Q2 profit jumps 50% on revenue from natural gas marketing business

State-run gas utility GAIL (India) Ltd posted a 50 per cent jump in second-quarter profit on Monday, boosted by higher revenue from its natural gas marketing business. Profit came in at 19.63 billion rupees ($268.86 million) for the three months ended Sept. 30, compared with 13.10 billion rupees a year earlier, the company said https://bit.ly/2zoe4Li.