Higher sales and a better realisation have powered the earnings of Coal India for the quarter ended September 30, 2018. The consolidated net profit of the public sector miner for the quarter was Rs 3,084.70 crore against Rs 370.43 crore in the corresponding quarter previous year.
The Supreme Court will conduct a final hearing on issues related to coal mining in Meghalaya on December 4. It deferred its order regarding pleas for allowing transportation of extracted and assessed coal.
Meghalaya police detected at least 17 trucks which were illegally transporting coal in violation of the National Green Tribunal (NGT) orders, in the first week of this month.
Coal India has more than halved its inventory at pitheads by pushing coal to the power plants. The public sector miner has liquidated 34.34 million tones (mt) of pithead coal between April and September bringing down the stock from 55.55mt at the start of the fiscal to 21.21mt as of September end.
Dhanbad: Local residents are apprehensive of BCCL’s plan to mine coal from under the area along the Dhanbad-Chandrapura railway line, fearing that that it would meet the fate of the Dhanbad-Jharia-Patherdih line that was shut down for similar purposes in 2005.
Dhanbad: Bharat Coking Coal (BCCL) is working on a plan to mine coal from the area along the Dhanbad-Chandrapura railway line, a process it hopes will prevent of the spread of the underground fire because of which trains have stopped plying on the line that has been closed for more than a year now.
Calcutta: Coal India has set an “aspirational” production target of 652 million tonnes for 2018-19 with supply to the power sector estimated at around 525 million tonnes.
Dhanbad: BCCL is planning to send a fresh proposal to the Union ministry of environment and forests seeking amendments in the environment clearance for cluster XI group of mines which have a combined production capacity of 6.6 million-tonnes per annum (MTPA).
Calcutta: Coal India has urged thermal power plants not to cut their offtake during the rainy season. Coal mining and inventory management are a key challenge during the monsoon months for both consumers as well as miners as moisture affects quality and heavy rain can disrupt production.
Daltonganj: A coal train derailed between Hehegarha and Chhipadohar railway stations on the CIC section of Dhanbad railway division under East Central Railway on Wednesday morning halting services on the upline throughout the day.