The Delhi government on Wednesday said thermal power plants in and around the city had again started facing coal shortage, which could lead to blackouts if the problem is not addressed immediately.
In a jolt to private power producers, the government has ordered Coal India Ltd to make ‘out-of-turn’ allotment of scarce coal to central and state electricity generation companies.
Coal India Ltd.’s sales and output in March rose to the highest on record as the world’s biggest coal miner rushed to meet its annual production target, a goal that it missed for at least the sixth consecutive year.
Adani said on Monday it had cancelled plans with Downer EDI Ltd to help develop and run its Carmichael coal mine in Australia after failing to secure a cheap government loan for the A$16.5 billion ($13 billion) project.
Minister Piyush Goyal said on Tuesday that the coal ministry will take urgent steps to ensure coal supplies to power stations stabilise by month-end or early October.
India should split the seven units of state-controlled Coal India Ltd into independent companies to make it more competitive, the government’s policy think-tank said on Tuesday in a draft of a new energy policy.
India aims to auction coal blocks for commercial mining by end- December, coal secretary Susheel Kumar told television channel ET NOW on Thursday, a move that would end monopoly of state-run firms in coal mining.
Coal India Ltd is actively looking to acquire coking coal assets in Australia, a senior company official told Reuters, as the country looks to beef up its foreign coal assets.
A special court on Wednesday granted CBI two months to respond to the objections of Union ministers Prakash Javadekar and Hansraj Ahir against its move to close a coal scam case.
Indian metal and coal stocks shined in bourses after China imposes curbs on steel, aluminium and coal output, which may hike prices and improve valuations of companies in competing nations.