Coal articles

Will break ground on Carmichael rail link ‘within days’, assures Adani

Indian mining giant Adani said on Friday that it is ready to start work on a 388-km rail link of its proposed 16.5 billion dollars Carmichael coal mine project in Australia. Adani Australia CEO Jeyakumar Janakaraj said the project was advancing on many fronts with milestones being achieved every day, including in surveying, geotechnical works,

Coal India workmen unions sign agreement for a 20% salary hike

Four workmen unions of Coal India finally settled for a 20% hike in salaries along with a 4% rise in dearness allowance on Tuesday. An agreement to this effect has been signed by the unions and the Coal India management on Tuesday. The hike is salaries is expected to result in an additional outgo that

Skewed coal stocks to hit power availability and prices

Coal supply across the country is in a dire state with the average stock of six days at power plants. This includes close to 70 power plants with less than three days of coal. In 2016, the average coal stock was close to 28 days during peak demand months. Coal deficit, coupled with low hydro

Coal India announces provisional production and offtake performance

For month of September 2017 Coal India announced Provisional Production and Offtake Performance of the CIL and its subsidiary companies for the month of September 2017 and for April 2017- September 2017. The Company achieved 101% of the targeted coal production at 38.77 million tonnes in September 2017. For the period April- September 2017, actual

Piyush Goyal promises smooth coal supply to power plants by early October

Coal Minister Piyush Goyal today said his ministry is taking urgent steps to ensure coal supplies to power stations stabilise by month end or early October. He was speaking at the annual convention of Indo-American Chamber of Commerce (IACC) in Mumbai. Goyal’s assurance came after IACC President N Srinivasan flagged the issue of the depleting

Coal imports decline 24 per cent in August, auction looms

Coal import in August declined 24 per cent on a yearly basis as Indian buyers preferred not to buy any fresh fossil fuel and instead wait and watch ahead of an upcoming auction for the power sector. The drop in coal import comes as the stocks at power plants have thinned due to short supply

Gopal Singh given interim charge of Coal India CMD

The government has given interim charge of Coal India Ltd Chairman to Gopal Singh, Chairman of Central Coalfields Ltd. Singh has been given the charge on Friday after the position of Coal India chairman fell vacant following superannuation of the incumbent chairman Suthirtha Bhattacharya. The selection process of the chairman for Coal India was scrapped

Coal India expects Rs 527 crore additional revenue after revisions

Coal India Ltd (CIL) on Friday said it is expecting to garner about Rs 527 crore of additional annual revenue with revisions in sizing, loading charges and additional charges for supply of slack and steam coal. “Coal India Ltd in its 346th Board meeting held on August 31, 2017, approved the revision in sizing charges,