Category: Coal

Lok Sabha on Friday gave its nod to the Mines and Mineral Laws (Amendment) Bill amid sloganeering by Opposition members over the Delhi violence and other issues. The Bill proposes to remove end-use restrictions for participating in coal mine auctions and will open up the coal sector fully for commercial mining for all domestic and […]

Coal India is likely to produce 600-610 million tonnes and sell 590-600 million tonnes this year, about the same as last year, company executives said. The company needs to raise output by 400 million tonnes to meet its target of 1 billion tonnes by 2024. This requires its compounded annual growth rate to accelerate to […]

Potential buyers of coal mines have urged the Centre to set lower auction thresholds to attract viable bids and offer assets that already have green clearances to help speed up mine development and extraction of the solid fuel. The Centre’s discussion paper on coal block auctions suggests bidders offer to share at least 4% of […]

State-owned CIL’s coal supply to the power sector registered a decline of 6.8 per cent to 377.86 million tonnes (MT) in the April-January period of the ongoing fiscal. The commodity despatch by Coal India (CIL) to the power sector in the year-ago period was 405.61 MT, according to official data. However, the coal despatch by […]

India will stop importing thermal coal from financial year 2023-24, coal and mines minister Pralhad Joshi said on Tuesday. The minister said that ideas to transform Coal India into an integrated energy company by allowing it to set up pit-head thermal power station have also been mooted at a brain storming session in Gujarat “It […]

State-run miner Coal India will increase spot e-auction offerings in the current quarter to 15% of the year�s production, a top company executive said. In the three quarters till end-December 2019, the company had offered about 12% of its production for auctions. Spot auction offers accounted for almost 46% of the total quantity offered for […]

Despite coal production being hampered at Dipka mines due to prolonged rains, Coal India Ltd will exceed last year’s production figures, a top coal ministry official said here on Tuesday. In 2018-19, Coal India produced 606.89 million tonnes (MT),while dispatch was at 608.14 MT. “Coal India’s production was nearly minus 8 per cent till October. […]

The Supreme Court on Friday gave the Centre time till February 10 to suggest names of lawyers for appointing a special public prosecutor to conduct trials for the Enforcement Directorate in money laundering cases related to the coal block scam. A bench comprising Chief Justice S A Bobde and Justice Deepak Gupta was considering the […]

Coal India will offer about 12 million tonnes of coal in the current long-term contract auctions, which power companies say is inadequate. It is offering fuel to plants without power purchase agreements (PPA) or coal supply pacts. Ten plants with a total capacity of 8 GW requiring 36-40 million tonnes are eligible. Power producers say […]

Responding to the case filed by the Central Bureau of Investigation (CBI), Adani Enterprises said on Saturday that it has complied with the process and relevant laws for the subject supply of coal. “The company has not done anything wrong in supply of coal. It’s a preliminary investigation report only. The company shall respond to […]

The government on Wednesday approved an Ordinance to amend a law in order to ease rules for auctioning of coal mines and opening it for steel and power sectors. The decision taken by the Cabinet Chaired by Prime Minister Narendra Modi will also do away with end-use restrictions of the mining blocks, Coal Minister Pralhad […]

Shares of Adani Enterprises slipped as much as 4.6 per cent to Rs 194.65 on the BSE on Wednesday after media reports suggested that the Supreme Court (SC) has set aside Bombay High Court’s order giving relief to the firm in the coal import case. According to business channel CNBC TV18, the SC has sought […]