Category: Coal

The country’s largest miner Coal India does not anticipate a fuel supply crunch as seen last summer. Coal India chairman Pramod Agrawal, in an interview with The Telegraph said that there is no “dethroning” of coal as a major fuel source at least in the next two decades and touched upon a need for a […]

Global coal consumption is set to rise to an all-time high in 2022 and is expected to remain at similar levels in the next few years if more vigorous efforts are not made to move to a low-carbon economy, according to a report from the International Energy Exchange (IEA). IEA in its annual market report […]

Coal India plans to use private sector mine developer and operators (MDOs) to scale up production. The public sector miner on Wednesday said it has issued letters of acceptance for seven coal projects to be pursued through MDOs with a cumulative capacity of 100 million tonnes per year. Of the seven projects, three belong to […]

The shares of Coal India jumped to a 3-year high on Wednesday on the back of a strong second-quarter performance and the PSU announcing an interim dividend of Rs 15 per share. The stock hit Rs 263.30 on the BSE and ended at Rs 255.95. It had previously reached a high of Rs 263.05 on […]

The Central Bureau of Investigation (CBI) has filed a case against companies associated with the RP-Sanjiv Goenka group on charges of graft, cheating and criminal conspiracy in connection with the Deocha Pachami, Tara West, Mahan and South Dadhu coal blocks which were alloted between 1993-1995, reports ndtv.com. In 2012 Central Vigilance Commission referred the case […]

A coal miner was killed and two of his colleagues were severely injured in the small hours of Sunday after a large chunk of coal collapsed on them during work at the Satgram coal mine of Eastern Coalfields Limited in West Burdwan’s Jamuria. Police said the deceased was Saudagar Bhuniya, 40.ECL authorities rushed the injured […]

The CID has summoned four BJP leaders, including former Asansol mayor Jitendra Tiwari, for interrogation in connection with alleged coal smuggling. Other than Tiwari, three other BJP leaders who have been summoned are the party’s Purulia unit president Vivek Ranga, his predecessor Vidyasagar Chakraborty and BJP convener of West Burdwan Subrata Mishra. Mishra had been […]

The central government has received Rs 1,223crore from Coal India as part of the dividend payments by government undertakings, the Department of Investment and Public Asset Management (DIPAM) said. “The government has received about Rs 1,223 crore from Coal India as dividend tranche,” secretary at DIPAM said in a tweet on Thursday. The central government […]

The Enforcement Directorate (ED) arrested a Ranchi-based businessman early on Thursday in connection with a case of illegal coal mining following raids to probe a money-laundering charge. Prem Prakash Sahu, believed to have close connections with bureaucrats and politicians, was in the afternoon remanded in six days’ ED custody for further questioning. Against the backdrop […]

The Enforcement Directorate (ED) summoned eight IPS officers from Bengal to appear for interrogation on separate dates this month at its headquarters in Delhi in connection with its probe into the alleged money-trail in the multi-crore coal pilferage case in Bengal. The IPS officers summoned by the central agency include Gyanwant Singh, Koteswara Rao, S […]

The CBI on Tuesday submitted its first chargesheet in the coal smuggling case to a special court of the central agency in Asansol, 20 months after it had started the probe. In its 149-page chargesheet, the CBI has named 41 persons, including main accused Anup Maji aka Lala, his alleged henchmen Vinay Mishra, Vikash Mishra, […]

The Congress on Monday said the Centre’s insistence on blending at least 10 per cent imported coal with domestic coal was a unique “Friend Benefit Model” to help the Adani group. “The three-step Friend Benefit Model is simple — Step 1: Ask all coal-based power generators to import at least 10 per cent of their […]