Category: Coal

A new economic viability analysis on Friday revealed that renewable energy along with battery storage in Tamil Nadu is cost competitive with new coal power plants. The report finds the levelized cost of energy for a hypothetical hybrid, solar, wind and li-ion battery storage system for the state to be Rs 4.97/kWh in 2021, which […]

Yancoal Australia Ltd said on Tuesday it expects a rebound in demand for coal-fired electricity generation in 2021 as global economic conditions are set to improve. Following China’s unofficial ban on coal imports from its major supplier Australia in the second half of 2020, Yancoal has been diversifying its customer base with sales made into […]

The CBI on Monday questioned senior IPS officer Tathagata Basu in connection with the illegal coal trading case the agency is investigating. Basu, who was the SP Hooghly earlier, was asked if he was privy to such rackets operating in the state. Basu, now a deputy commissioner at Chandannagar Police Commissionerate, arrived at the Nizam […]

Country’s national miner Coal India Limited (CIL) has decided to scale up its capital expenditure by an additional Rs 3,000 crore. This is the first time in its history that the mining giant has revised its capex upwards. The capex for this fiscal would stand at Rs 13,000 crore. The company said capex revision is […]

The CBI on Wednesday carried out raids at 10 locations in West Bengal’s Asansol, Durgapur and Raniganj areas in connection with a case of illegal coal mining and theft from Eastern Coalfield Limited (ECL). According to sources, around 75 CBI officials were engaged in the operation, that included searches at the houses of racket ‘kingpin’ […]

India should not crush its energy aspirations in quest to follow the West, coal minister Pralhad Joshi said on Monday adding the country should make maximum use of its coal reserves while shifting to cleaner forms of energy. Joshi said some groups often irresponsibly argue to shun coal, without assessing its implications. He said the […]

Illegal coal trading in the Asansol-Jharia belt in West Bengal and Jharkhand has stopped completely following raids by the Central Bureau of Investigation (CBI) which is probing the matter, and ECL is getting better prices for that, a senior official of the investigating agency said on Thursday. The official said that thousands of crores of […]

Having registered a 76 per cent spurt in its e-auction sales between April- December, state-run Coal India expects to achieve record spot sales of about 120 milion tonnes in the current year. “Auction sales have surpassed our previous estimates and we feel sure of allocating 120 MTs of coal by the end of the current […]

Despite its cash-flow issues, Coal India Ltd has already spent over Rs 8,000 crore as capital expenditure (capex) till December 2020 in the current fiscal, and is looking to meet a revised target of Rs 13,000 crore of such expense by the end of FY’21, an official said on Sunday. The capital expenditure target for […]

The government on Thursday said the current domestic production is unable to meet the country’s demand, even though the country is the world’s second-largest producer of fossil fuel and the fifth-largest nation in terms of coal deposits. Currently, India is producing about 729 million tonnes of dry fuel, the coal ministry said in a statement. […]

Vedanta Ltd has emerged as the highest bidder for Radhikapur west coal block located in Angul district of Odisha at a distance of about 190 km from the company’s Jharsuguda aluminium smelter. The coal block is an optimal fit for Jharsuguda smelter, given its logistical location and annual capacity, the company said. The mine has […]

The government mopped up Rs 8,964.75 crore till last month from the auctioned and allotted mines, according to the coal ministry. These revenue figures consist of upfront amount and monthly premium only, while royalty and taxes or cess are payable over and above these payments, the coal ministry said in its E-Booklet on reforms. Apart […]