New Delhi: The hike in prices of coal by state-run Coal India Limited (CIL) is likely to make producing steel for secondary steel players costly by up to Rs500, says a report.
Coal India (CIL) has raised the prices of non-coking coal of various grades, inflating electricity cost by 2-4%, a development that might reflect in power tariffs soon.
Kolkata: Coal India Ltd (CIL), the country’s largest miner, is set to introduce a new pricing policy for coal which will be linked strictly to quality, a top official said on Tuesday.
Hopes of a price hike after Coal India Ltd (CIL) introduced evacuation facility charges of Rs50 a tonne in December were probably running low.
Kolkata: State-run miner Coal India Ltd (CIL) on Tuesday said its board has approved a hike in non-coking coal prices for both power and non-power consumers with immediate effect.
Sydney: An Australian deep water port linked to one of the world’s biggest planned coal mines should lock in refinancing within six months of a loan maturing in November to safeguard credit ratings on its debt, according to S&P Global Ratings.
New Delhi: The Delhi high court on Tuesday stayed the December ruling by a special court that convicted former Jharkhand chief minister Madhu Koda in a case related to suspected irregularities in the allocation of coal blocks.
Melbourne: GFG Alliance, the acquisitive group led by UK businessman Sanjeev Gupta, agreed to purchase an Australian coal mine from Glencore Plc to feed its steel operations in the country.
Coal India Ltd (CIL)’s profitability should benefit from a rise in coal earnings. Last week, it introduced evacuation facility charges of Rs50 per tonne on all coal despatches (except despatches through rapid-loading arrangement) with immediate effect.
Sydney: Adani Enterprises Ltd. needs as much as A$3 billion ($2.3 billion) in debt financing to help start producing Australian coal from one of the world’s largest mines, after major banks from Sydney to New York said they don’t want to lend to polluting fossil-fuel projects.