Coal India notified prices for coking coal will remain the major factor in the market as the representative prices based on the Centre’s national coal index are much higher, senior executives and analysts said. Last week, the coal ministry rolled-out a national coal index based on weighted average prices of CIL’s notified, e-auction and import […]
Category: Coal
Coal
CIL’s Western Coalfields opens three new mines
Western Coalfields Ltd (WCL) on Saturday opened three new coal mines in Maharashtra and Madhya Pradesh having combined annual production capacity of 2.9 million tonnes (MT). The company will spend Rs 849 crore on these projects and generate 647 direct employment. Union Minister of Road Transport and Highways Nitin Gadkari, Union Minister of Coal and […]
AIAE calls for wider discussion before separating Coal India’s exploration and planning arm
All India Association of Executives (AIAE) have proposed formation of a high-powered committee for wider consultation of the proposal of separation of Coal India’s (CIL) exploration, planning & design arm from the company and for protection of employees’ interests. AIAE, an association of serving and retired executives of CIL, in a letter to the coal […]
Coal production and sales at CIL show signs of revival in May
Coal India’s (CIL) production and sales showed signs of improvement by registering 2.6% and 2.3% growth respectively in May against April. Growth in top soil removal during the period rose 10.4%. CIL produced 41.43 million tonnes (MT) of coal in May against 40.38 MT in April, the increase in volume terms being 1.05 MT, a […]
Coal supply by CIL to power sector dips 22% to 32 MT in Apr due to demand slump
The supply of coal to the power sector by state-owned Coal India has dropped 22 per cent to 31.95 million tonnes in April amid slump in the fuel demand in the country on account of COVID-19-induced lockdown. Coal India (CIL) had supplied 40.90 million tonnes (MT) of April, 2019, coal ministry said in a report. […]
Mahanadi Coalfields posts 42.6% growth in top soil removal
Coal India’s Odisha-based subsidiary Mahanadi Coalfields Ltd (MCL) reported a 42.6% growth in top soil removal from coal seams during the current fiscal up to 25 May 2020 against the corresponding period last year. Highest among all coal producing companies, the subsidiary cleared 27.51 million cubic metres of top soil and extraneous matter till May […]
Cabinet approves commercial coal mining policy; auctions soon: Sources
India will soon begin auction of coal blocks for commercial mining purpose as the Union cabinet led by Prime Minsiter Narendra Modi on Wednesday approved the methodology which puts an end to the monopoly of state-run Coal India. “The auction methodology based on revenue-sharing model has been approved by the Cabinet,” sources said adding the […]
Coal India under pressure, declines 6% as govt ends monopoly in coal mining
Shares of Coal India (CIL), the state-run coal mining and refinery company, declined up to 6 per cent in the intra-day deals on the BSE on Monday, after the Union government opened up the mining sector in a big push for privatisation. At 12:06 pm, the stock was trading around 4.7 per cent lower at […]
Odisha extends ESMA by six months in coalfields in Talcher
The state government has extended the Orissa Essential Services (Maintenance) Act, 1988 or ESMA in the Mahanadi Coalfields Ltd (MCL) areas in Talcher by another six months, prohibiting strikes to ensure uninterrupted coal supply to power plants, according to a notification. The ESMA was clamped in MCLs Talcher coalfield areas on May 15, 2019 to […]
Power, fuel bill of cement companies to fall 13% as coal prices decline
The over 13% drop in coal prices in the last one month over worries stemming from an overall weakness in demand due to the spread of the coronavirus is likely to reduce the power and fuel bill of cement manufacturers dependent on imported coal. The majority of Indian cement companies including Ultratech Cement, ACC, Ambuja […]
Govt is asking states to stop thermal coal imports: Pralhad Joshi
Asking states to stop thermal coal imports, the government in Rajya Sabha on Monday said that a lobby was active in some states that was behind dry-fuel imports despite sufficient domestic stock. Replying to a query in the Upper House during Question Hour, Coal Minister Pralhad Joshi said India houses the fourth largest resources in […]
Parliament passes law to open coal sector for commercial mining
Parliament on Thursday passed a bill that will remove end-use restrictions for participating in coal mine auctions and open up the coal sector fully for commercial mining for all domestic and global companies. The Mineral laws (Amendment) Bill was passed in Rajya Sabha with 83 MPs voting in its favour and 12 against. The Lok […]