State-owned Coal India (CIL) on Tuesday reported a 52.4 per cent rise in consolidated net profit at Rs 3,169.85 crore for the quarter ended on June 30, 2021, on the back of higher revenue from operations. The company had posted a consolidated net profit of Rs 2,079.60 crore in the year-ago period, Coal India said […]
Category: Coal
Coal India Q1 consolidated net profit jumps 52.5% to Rs 3,174 cr
State-owned Coal India Limited on Tuesday reported 52.5% rise in consolidated net profit at Rs 3,174 crore for the quarter ending June 30, 2021. It was Rs 2,080 crore in the year-ago period. Consolidated revenue from operations rose 37% to Rs 25,282 crore as against Rs 18,487 crore in June 2020. The company’s margin rose […]
States get Rs 7,930-cr royalty from coal mining in Apr-Dec 2020
A total royalty of Rs 7,930.61 crore was provided to states from coal mining during April-December 2020, Parliament was on Monday informed. A royalty of Rs 2,102.01 crore went to Jharkhand, followed by Rs 1,575.73 crore to Chhattisgarh, Rs 1,489.44 crore to Madhya Pradesh, and Rs 1,165.48 crore to Odisha, Coal Minister Pralhad Joshi said […]
India exports 800,000 tonnes of coal to neighbouring countries in FY’21
India exported 8 lakh tonnes of coal to its neighbouring nations, including Nepal, in the fiscal year ended March 2021. Of the said quantity, the maximum 77.20 per cent was exported to Nepal, followed by 13.04 per cent to Bangladesh, according to the Coal Ministry’s Provisional Coal Statistics 2020-21. “Although, there was short supply of […]
Adani Power takes one of three mines on Day-1 of commercial coal auction
For the second round of bidding under the commercial coal auction, Adani Power won one mine from the three offered on the first day. The company quoted 9.5 per cent premium on the reserve price of the Gondkhari coal mine in Maharashtra. In the first round of commercial coal auction held last year, Adani Enterprises […]
CIL board approves increase in coal evacuation facility charges
State-owned CIL on Saturday said its board has approved a proposal to increase the coal evacuation facility charges. The board has also approved subsuming rapid loading charges with evacuation facility charges with effect from Sunday, Coal India Ltd (CIL) said in a filing. “Coal India Ltd board has approved…evacuation facility charges be enhanced to Rs […]
CIL takes initiative to produce sand from overburden at much cheaper price
State-owned CIL has taken an out-of-the-box initiative to produce sand from overburden at a much cheaper price, the government said on Tuesday. During opencast mining of coal, the strata lying above coal seam is known as overburden, comprising clay alluvial sand and sandstone with rich silica content. The initiative will not only help in minimising […]
India can save $1.2 billion a year by shutting old coal plants: Study
India can potentially save Rs 8,940 crore ($1.2 billion) a year by shutting down some old coal-burning power plants and allowing newer ones to run for longer hours, according to a study. The country should accelerate decommissioning 30 gigawatts of inefficient coal-fired capacity and set aside another 20 gigawatts of plants as reserve, a move […]
Retiring older coal-generation assets could save Rs 37,750 crore: CEEW
Decommissioning of coal power plants that are more than 25 years old could lead to a potential savings of Rs 37,750 crore, indicated a study by the Council on Energy, Environment and Water-Centre for Energy Finance (CEEW-CEF). The report said out of India’s total installed capacity of 300 Gw, some 35 Gw of coal-based power […]
Jharkhand CM Soren asks Coal India to pay Rs 56,000 cr outstanding dues
Jharkhand Chief Minister Hemant Soren on Friday asked Coal India for immediate payment of Rs 56,000 crore outstanding dues in lieu of government land allotted to it for mining. A delegation of domestic coal giant, headed by its Chairman and Managing Director, Pramod Agrawal had called on Soren here. Coal India, the world’s largest dry-fuel […]
CIL engages Accenture Solutions as consultant for digitisation of mines
State-run CIL on Tuesday said it has engaged Accenture Solutions as consultant for digitalisation of mine process in seven of its select opencast blocks for accelerated performance enhancement. In a first of its kind venture, the consultant would lead and support the implementation of digitalisation and process excellence while assuring 100 million tonnes (MT) increased […]
Adani group boosting coal assets despite carbon neutral pledge: Report
Gautam Adani is increasing his footprint in fossil fuels, new research shows, even as the Indian billionaire vows to make his ports-to-power conglomerate carbon negative. The Adani Group is doubling its coal-fired power capacity to 24 gigawatts, plans to own, develop or operate coal mines with a combined capacity of 132 million tons a year, […]