India’s 2018 thermal coal imports rose at the fastest pace in four years, according to two industry sources, despite moves by Prime Minister Narendra Modi’s government to cut imports in a bid to reduce its trade deficit.
New Delhi, Jan 27 (PTI) State-owned Coal India supplied 360 million tonnes (MT) coal to the power sector during April-December 2018, an increase of 7.9 per cent over the year-ago period, according to official data.
With several thermal power plants facing an acute shortage of coal, Coal Minister Piyush Goyal has asked the Railways to increase coal loading to up to 500 rakes per day to meet power demand in summer.
BJP MP Subramanian Swamy today trained guns at industrialist Gautam Adani, alleging that he was the “biggest NPA (non-performing assets) trapeze artiste” and demanded that he be made accountable.
The BSE Sensex hit a fresh record high of 34,487.52 while NSE Nifty touched lifetime high of 10,659.15 in opening session today on smart gains in Coal India, Tata Motors and SBI.
The Enforcement Directorate (ED) on Saturday said it has attached over 348 acres of land in Madhya Pradesh, valued at about Rs 4.53 crore, in connection with its probe into the coal allocation scam.
The state government has started the process of importing coal to meet the severe shortage, Energy Minister D K Shivakumar said Friday.