Category: Coal

The Cabinet Committee on Economic Affairs has approved a mechanism that will pave the way for commercial coal and lignite mine auctions in the country. An official statement said these mines will be auctioned based on the revenue share they offer to the government. Until now, coal and lignite mines were auctioned to those who […]

India will produce a record 700 million tonnes of coal in the current fiscal ending March 2021, helping cut down on imports, Coal Secretary Anil Jain said. India produced 602.14 million tonnes of coal in 2019-20 fiscal, marginally lower than 606 million tonnes output in the previous year. “We are on track to producing 700 […]

Despite several of its loans to coal-fired power projects turning bad, public sector lender Power Finance Corporation and its subsidiary, Rural Electrification Corporation, continue to fund such projects — even though they are clearly not viable. This is the finding of a study by the Cleveland, US-based Institute for Energy Economics and Financial Analysis (IEEFA), […]

India and Russia are moving ahead with the formation of a high-level Working Group for facilitating coking coal imports. This was emphasised during discussions between Minister of Petroleum and Natural Gas and Steel, Dharmendra Pradhan, with Minister of Energy of Russia, Alexander Novak through Video Conferencing on Wednesday. The discussions also encompassed the global oil […]

Coal India Ltd (CIL) has shifted its focus to preparing mines for ramping up production, instead of immediately producing more coal. This shift is needed as power demand has fallen due to the lockdown, directly affecting coal requirement. A Coal Ministry statement said, “With a reduced domestic demand of coal, CIL has shifted its focus […]

NLC India Ltd (NLCIL) has for the first time commenced production of coal. The coal produced from Talabira II and III Mines in Odisha, which was allotted to NLCIL in 2016 with a capacity of 20 million tonne a year will be used to meet its requirement of its existing and future coal-fired power plants, […]

Prime Minister Narendra Modi said that the mineral sector should benchmark its operations to international standards and advised them to prepare an action plan. Modi said this during a meeting to deliberate the potential economic reforms in Mines and Coal Sectors to give a boost to the economy in the backdrop of Covid-19. While reviewed […]

BEML Limited, Bengaluru-based ‘Schedule A’ company under the Ministry of Defence, has bagged order from Coal India Ltd for supply of seven 150-T and eight 205E-T Dump Trucks under trial-cum-sale along with 8-year spare parts contract. These dumpers will be deployed at Coal India subsidiaries viz SECL’s Gevra Project and NCL’s Amlohri & Nigahi Projects, […]

Coal India Ltd (CIL) has signed an agreement with BEML Ltd for procuring as many as 15 dumpers amounting to ₹400 crore. Under the purchase pacts signed, CIL will procure seven 150 tonne dumpers at an estimated ₹150 crore and eight 190 tonne dumpers at ₹250 crore. Dumpers used in opencast coal mines play a […]

Coal India Limited (CIL)’s annual production and offtake target has been fixed at 710 million tonnes (mt) by the Ministry of Coal. “The demand of coal will pick up again after coronavirus lockdown, so I have directed CIL to keep the production and offtake targets at 710 mt for FY 20-21 in line with its […]

Coal India Ltd (CIL) has extended the letter of credit facility for coal procurement to non-power consumers. “In order to provide relief to the power sector consumers and increase liquidity in the system, CIL has already allowed the facility of usance letter of credit to power sector consumers for payment of coal instead of cash […]

The mining industry has urged the government to defer the payment of mining levies and extend the validity of mining plans that expired in March in view of the nationwide lockdown. In an appeal to the government, the Indian Chamber of Commerce said the offtake of mined minerals has been low in view of the […]