Public sector undertaking thermal power generators need to strengthen their coal mining arms, according to Minister of State (Independent Charge), R K Singh.
In a bid to tide over coal shortage, the Tamil Nadu Generation and Distribution Corporation (Tangedco) will import a total of 20 lakh tonnes of steam coal between November 2018 and May 2019.
Hindalco Industries, an Aditya Birla Group company, expects rising oil prices, hardening inflation, firming bond yields and widening current account deficit to be the key challenges even as the economy shows signs of recovery.
At least 14 power plants had super critical levels — less than four days — of coal stock as on September 17, while two thermal power plants had critical levels (less than seven days) of stock as on that date, according to the latest data from the Central Electricity Authority.
The Congress on Monday accused the Centre of favouring the Adani Group in different cases of coal and power equipment purchase, and asserted that “privatisation of profits and nationalisation of losses” is the principle behind policy-making in the BJP-ruled government.
Coal India Ltd (CIL) will close down 53 of its 174 underground (UG) mines this fiscal, shutting those that are either economically unviable or pose safety issues. The company had shut 43 such mines in the last fiscal.
The volatility of the rupee in the last two weeks has come as a double whammy for coal consumers other than the power sector.
The Congress has demanded that a Special Investigation Team be set up by the Centre to ensure “objective and time-bound” enquiry into the alleged over-valuation of coal imports. The party said the ongoing DRI (Directorate of Revenue Intelligence) probe on the role of 40 companies should be impartial.
The Delhi office of Coal India Ltd (CIL) is being shut down in a phased manner as per the directives of the Minister of Coal. The status of the closure operation was detailed under an implementation report on 13 items forwarded by the Office of the Minister for Coal.
The expectation was coal supply at power plants will improve during July-August, riding on adequate availability of hydro-electricity.