Category: Coal

Reuters Rothschild & Co has decided not to advise Adani in the financing or development of the $4-billion Carmichael coal mine in Queensland, Australia, a letter from the bank to an environmental group said. The bank is also not advising the firm on the planned sale of stake in the Abbot Point Coal export terminal, […]

State-owned Coal India Ltd (CIL) aims to increase the allocation of coal to power plants by nearly 9 per cent to around 530 million tonne (mt) during 2019-2020. Coal supply by CIL to power sector was 488 mt during 2018-19 almost 7.5 per cent higher than the 454 mt registered during 2017-18. Supply share During […]

The Coal Ministry will rake in approximately Rs. 900 crore from Essar and GMR for non-performance after bagging coal blocks in the first auction round held in 2015. This follows the Delhi High Court’s dismissal of petitions filed by Essar and GMR seeking a refund of the bank guarantees deposited by them, as they were […]

Energy giant Adani has taken a step closer to the construction of its controversial coal mine in Australia after the federal government gave a green light to the billion dollar project’s groundwater management plans. Adani group entered Australia in 2010 with the purchase of the greenfield Carmichael coal mine in the Galilee Basin in central […]

Despite registering a 7 per cent growth in production and 4.8 per cent rise in offtake, Coal India Ltd (CIL) has fallen short of its target of 610 million tonne (mt) for FY-19 marginally — by 3 mt and 2 mt, respectively. CIL produced around 607 mt of coal during 2018-19, a volume increase of […]

The South Eastern Coalfields Ltd (SECL) has become the first company in the country to have crossed coal production figure of 150 million tonnes in a financial year. The SECL achieved the record during the 2018-19 fiscal and crossed the 150 million tonnes mark on March 20, a company official said. “In the wake of […]

Domestic coal production from April to February 2018 stood at 638.46 million tonnes. This is 8 per cent higher than the 591.42 million tonnes reported during the same period of the previous financial year 2017-2018. The production target for Coal India (CIL) was fixed at 610 million tonnes for the current fiscal. This target is […]

With the private sector not allowed to do merchant mining of coal, the mine developer and operator (MDO) model is likely to dominate the Indian coal sector once all the mines allocated become operational in 5-6 years, official sources said. Over 40 mines with an annual capacity to produce more than 500 million tonne of […]

Shares of Coal India Ltd gained as much as 2.5 per cent to Rs 238.5, their highest since January 3. The stock has broken above a resistance at Rs 236.3, the 23.6 per cent Fibonacci retracement level of the downtrend from the February 27, 2018, high to the February 14, 2019 low. The break-out is […]

Coal India Ltd witnessed a 6.6-per cent growth in production at 527.70 million tonnes (mt) so far during this fiscal (April-February), compared with 495.08 mt during the same period last year. Coal offtake by CIL during the first 11 months of the current financial year was up nearly 4.5 per cent at 548.48 mt (525.04 […]

Coal imports would have been 1.5 times higher at nearly 380 million tonnes (mt) for financial year 2017-18 if not for the Centre’s intervention, according to the Minister for Coal and Railways, Piyush Goyal. At a press conference to highlight the five-year achievements of his ministries, Goyal said that due to the Centre’s initiatives, coal […]

Researchers at Indian Institute of Technology (IIT) – Delhi and engineers from Pune-based Thermax have joined hands to set up a pilot plant for producing methanol from high-ash content Indian coal. The pilot plant will have capacity of producing one tonne methanol every day. The experience will help in development of larger capacity methanol production […]