Coal India is expected to end the June quarter with 18 million tonnes excess production growing 15 per cent over last year. Though there is an uptrend in production, will it sustain growth?
Consistent efforts to supply coal to the power sector on a priority basis have started paying off.
Piyush Goyal, Union Minister for Railways, Coal, Corporate Affairs and Finance, has appreciated the progress made by State-owned mining company Singareni Collieries Company Limited (SCCL) in production and sales.
No one expected a coal mine to become a tourist attraction when the Eco-friendly Mine Tourism Circuit at Saoner near Nagpur was opened two years back.
The spurt in demand for power over the last three quarters has led to a ‘so called feeling of shortages’ according to Minister of Coal, Piyush Goyal.
The claim of the Nabha Power to shut down its 750 MW plant at Rajapura in Punjab due to inability of Coal India to offer coal is not true, a CIL official said today.
Coal India loaded 243 rakes per day during April-May this year, thereby registering an increase of 23 rakes over the corresponding period of last fiscal. According to a release by the company, 47 rakes per day were also loaded through washery circuit and Railways goods-shed siding which further helped in augmenting supplies to the power…
Thanks to the rise of low-cost electricity from wind and solar plants, a third of India’s coal power plant capacity is likely to be ‘stranded’. Since India has 197,171 MW of coal power, a third of it (65,723 MW) is quite a lot, and the big question is, what to do with them.
State-owned miner Coal India Ltd saw a 52 per cent drop in net profit for the quarter ended March 2018 to Rs. 1,295 crore compared with Rs. 2,719 crore in the year-ago period.
India’s coal import fell 9 per cent to 17.32 million tonnes in April on the back of ample supply of dry fuel from domestic sources.