Coal articles

Coal India net profit surges in Q2

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.

Coal India cuts stocks

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.

BCCL plan upsets many

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.

Mining route to check rail line fire

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.

Rain worry for coal

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.