Coal articles

Govt orders out-of-turn coal for state-run power firms, pvt ones to be hit

In a jolt to private power producers, the government has ordered Coal India Ltd to make ‘out-of-turn’ allotment of scarce coal to central and state electricity generation companies. The order follows a Coal Ministry directive earlier this month that instructed companies like Mahanadi Coalfields Ltd to deploy rakes of coal only for power plants and

Coal-starved captive producers push spot power price to Rs 11.41/unit

Spot power price touched 5-year high of Rs 11.41 per unit at IEX today, which experts attributed to aggressive bidding by captive units following government’s decision to ramp up coal supplies to power plants. The government decided last week to augment coal supplies to centre/ state power plants and independent power producers (IPPs) from May

Govt clears coal linkage methodology for power producers

The government today said it has finalised the methodology for rationalisation of coal linkages for independent power producers (IPP). Under the new methodology, dry fuel can be supplied to IPP plants by a coal company other than the one with which they have signed the pact. The methodology was approved on the basis of the

Coal block allocation: CBI court convicts Gondwana Ispat, director

A Special Central Bureau of Investigation (CBI) court on Friday convicted Gondwana Ispat Ltd and its director Ashok Daga for misrepresenting facts for allocation of a coal block in Maharashtra. The arguments on sentence/fine to be heard later in the day. In 2016, the Enforcement Directorate (ED) had attached assets worth Rs. 1.67 crores under

CIL may hike salaries of executives in 2 months

Coal India (CIL) is likely to hike the salaries of executives in the next two months, a move that will result in an additional annual outgo of Rs 1,000 crore, its chief Gopal Singh said today. “That (the salary hike of the executives) is due. It is almost at the final stage. I think that

Price realisation of coal by CIL via FSA dips 3.4% in Q3

Average price realisation of coal sold by CIL through fuel supply pacts fell 3.4 per cent to Rs 1,182 per tonne in October-December in comparison to the previous quarter, Parliament was informed today. “Average price realisation of coal sold by CIL(Coal India)through Fuel Supply Agreement (FSA) for the quarters ended December 31, 2017 and September

11 mines allotted to Coal India to add 225 MT in annual output

Allocation of 11 mines to Coal India (CIL) arms – ECL, WCL and BCCL – will enhance its annual output by 225 million tonnes (MT), Parliament was informed today. CIL has requested the government for allotment of additional coal mines to Eastern Coalfields Ltd (ECL), Bharat Coking Coal Ltd (BCCL) and Western Coalfields Ltd (WCL)

Govt rushing coal to power plants to prepare for summer

The government has ramped up coal supply to ramp up buffer stock at thermal power stations in anticipation of electricity demand shooting in line with the weatherman’s prediction of an early and hot summer this year. Latest coal ministry data shows 16 power stations, or 14%, of the 112 coal-fired power plants monitored by the