Coal India Ltd (CIL) was able to achieve 91 per cent of its targeted production of 660 million tonnes (mt) in 2019-20. According to the provisional production and offtake performance numbers shared by CIL to the stock exchanges on Wednesday, it has closed 2019-20 with an annual production of 602.14 mt, which was marginally lower […]
Category: Coal
Mineral Technologies to focus on silica, coal beneficiation
Mineral Technologies, a part of the Australia-based Downer group, is looking to focus on the beneficiation of coal and silica following a slowdown in demand for mining and processing of mineral sands, particularly in the private sector. The Central government had, last year, ‘abruptly prohibited’ the mining of monazite mineral by private entities and granting […]
Oil’s plunge is an existential threat for biofuels
It withstood a downward currency spiral, economic malaise, a jump in raw-material costs and political upheaval. Now one of Brazil’s booming industries has finally met the foe that could take it down: the oil crash. The spectacular plunge in the crude market is sparking unprecedented reverberations across commodities and economies, with Brazil’s corn-ethanol producers standing […]
Government asks States not to import thermal coal
While asking States to stop thermal coal imports, the Centre said that a lobby 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 has the fourth largest resource in the world but yet thermal coal is being imported. It […]
Coronavirus outbreak: Coal import declines 14% to 17 million tonnes in February
India’s coal imports registered a decline of 14.1 per cent to 17.01 million tonnes (MT) in February in the wake of the coronavirus outbreak, as per industry data. The country’s coal imports in February last year stood at 19.82 MT, according to a provisional compilation by mjunction services, based on monitoring of vessels’ positions and […]
CIL board clears interim dividend
The Coal India Ltd (CIL) board on Thursday approved payment of interim dividend for FY 2019-20 at ₹l2 a share of the face value of ₹l0 each. This will make the government richer by ₹7,172 crore, which it will receive as dividend and dividend distribution tax. The company has fixed March 20 as the ‘record […]
‘Lower allocation will lead to shortfall in completion of Coal Ministry’s projects’
A lower budgetary allocation in FY20-21 will lead to a substantial shortfall in completion of projects under the Ministry of Coal, according to the Standing Committee on Coal and Steel. “With the reductions in annual budgetary allocations, the Committee apprehends that it would lead to substantial shortfall in competition of projects/schemes/activities of the Ministry of […]
Cabinet tweaks aviation FDI policy to help AI divestment to take off
The Union Cabinet on Wednesday approved a slew of decisions including one to further ease divesting the government’s stake in Air India. It also approved the Companies (Second Amendment) Bill, 2019 and the consolidation of 10 public sector banks into four. An official statement said that the amendment to the foreign direct investment policy on […]
Tangedco open to reviewing need for new coal projects
Tamil Nadu’s state-owned electricity generation and distribution company, Tangedco, is open to reviewing the need for new coal-fired projects, if there is a clear trend showing that the cost of energy from ‘solar plus storage’ plants is lesser than that of coal. “We are collecting data. If the trends show clearly that RE+storage is cost […]
Coal India February production likely to be 66 mn tonnes
Coal India Ltd is likely to register a 13 per cent on-year rise in production in February to 66 million tonnes, sources said on Saturday. The world’s largest miner had produced 58.05 million tonnes in the corresponding month a year ago. Cumulative production for the April-February period is expected to be 517.5 million tonnes, they […]
Core sector output up 2.2% in January on higher coal, refinery, electricity production
The output of eight core industries grew 2.2 per cent in January compared with the same month last year. The higher output came on the back of more coal, refinery output and electricity production during the period under review, according to data released by the Ministry of Commerce. According to CARE Ratings, electricity production witnessed […]
Coal imports at major ports drop 15% in April-January
Thermal coal imports at the country’s 12 major ports declined 14.98 per cent to 74.60 million tonnes (MT) during April-January this fiscal, as per a report by the Indian Ports Association. The Centre-owned ports had handled 87.74 MT of the dry fuel in the same period of the previous year. The Indian Ports Association (IPA), […]