Coal stocks down: Amid a sudden rise in coal demand from the power sector, the coal stocks fell to a 5-month low of 21 million tonne (mt) in the month of October, triggering fear of power plant outages, The Indian Express reported.
That a large part of NTPC’s reported under-recoveries of Rs210 crore in Q2FY19 was due to unavailability of coal exacerbated the coal supply crisis in the country. The company had reported Rs 1,400 crore of under-recovery in FY18, of which Rs800 crore was due to coal shortage.
Stocks at Coal India mines plunged to a five-year low of 21 million tonne (mt) in October, as a sudden surge in demand for the fuel from the power sector has fast-tracked the dispatches over the last few weeks. If the low coal stocks at pitheads continues, the supplies could be disrupted, leading to power…
New Delhi: State-owned CIL on Friday said it produced 306.24 million tonne (MT) of coal in the first seven months of the ongoing fiscal, registering an increase of 10 per cent as compared to the year-ago period.
While Union coal and railway minister Piyush Goyal has given a target of producing 2.5 million tonne of coal per day to Coal India (CIL), the coal PSU said it has stretched its production ability to the greatest extend for which it is continuing to increase supplies to the power sector and has sustained a…
Coal India OFS Day 1: The three percent stake sale of the government in Coal India Limited (CIL) received a robust response from the non-retail investors on the first day of the offer for sale (OFS).
Anxious to give disinvestment process the much-needed momentum, the Centre on Tuesday announced sale of up to 9% stake (558.66 million shares) in Coal India (CIL). At the floor price of Rs 266 apiece, the exercise could fetch the government up to Rs 14,860 crore.
The Narendra Modi government will sell up to 9% stake in its prized public sector company — Coal India — at a floor price of Rs 266 per share, TV news channels reported. The government will sell 3% via Offer for Sale (OFS) and has a greenshoe option of another 6%, beginning tomorrow.
With the day-ahead power market achieving higher volumes (306 million units for Saturday delivery) and prices going haywire (Rs 10.54 at evening peak) on the Indian Energy Exchange, the power ministry has asked state discoms to develop their own mines instead of depending on linked, e-auctions and imported coal.
Domestic coal supply remains significantly short of the domestic demand on the back of strong recovery in power demand and a healthy growth in production levels from non-regulated consuming sectors like cement, aluminium, and steel, rating agency Icra said Monday. Lower generation of hydropower in the current fiscal is also increasing the coal demand, it…