Thermal power seems to be on terminal decline. Generation from India’s coal power plants fell 3 per cent in April-December 2019, compared with the same period of the 2018, and 9 per cent over the target for the period. India has installed coal power capacity of 198,842 MW. Data given in the National Power Portal […]
Category: Coal
Coal supply by CIL to power sector declines 7 per cent to 378 million tonnes
Coal India’s (CIL) coal supply to the power sector registered a decline of 6.8 per cent to 377.86 million tonnes (MT) in the the April-January period of the ongoing fiscal. The commodity despatch by CIL to the power sector in the year-ago period was 405.61 MT, according to official data. However, the coal despatch by […]
Coal allocation for spot e-auction declines by 8% in April-January
State-owned Coal India allocated 24.87 million tonnes of dry fuel for the spot electronic auction (e-auction) during April-January, down by 8.19 per cent over the same period last year. CIL had allocated 27.09 million tonne (mt) of coal in the year-ago period, according to the government data. For January 2020, the coal allocation for the […]
Open acreage coal mining will create level-playing field for investors
Opening the coal sector to private and foreign participation, a landmark reform initiated by the Narendra Modi government, marked the end of coal nationalisation and dubious captive mining era. In future, blocks will be awarded without any end-use restrictions. However, this may not trigger a rush for investments in the coal sector. This is partly […]
Award of fresh coal linkages positive for the power sector: ICRA
The Central Government’s efforts to award coal linkages under its Shakti policy to independent power projects having long-term PPAs on an auction basis will have a positive impact on coal-based power plants, rating agency ICRA has said. Said Sabyasachi Majumdar, Group Head & Senior Vice President, ICRA: “On the positive side, the availability of coal […]
Company news: Dilip Buildcon announces a new project
Dilip Buildcon has announced that the project ‘Excavation of Overburden of First Dig (Solid) and re-handling by mechanical means at specified places at Nigahi OCP of Northern Coalfields Limited has been completed. The completion certificate has been issued to DBL-DECO (JV) by the Northern Coalfields Limited. The project cost was ₹1,673.58 crore. Shares of Dilip […]
Coal-fired power is losing ‘unfair fight’ to renewables
Coal-fired power in India is being increasingly priced out of the market by cheaper renewables such as solar, with the dirtier fuel abandoned by private capital, and only projects with government support being viable. If there was one major theme at this week’s annual industry gathering, Coaltrans India, held in the resort state of Goa, […]
Coal Ministry to back Singareni Collieries’ expansion plans, to consider request for coal blocks
Union Coal Secretary Anil Kumar Jain praised Singareni Collieries Company Ltd for meeting the coal needs of the country and diversifying into solar and thermal power. He assured necessary support to the company’sr expansion plans, including allocation of coal blocks for other States. “Progress achieved by Singareni in the last five years, latest coal transport […]
Coal India Q3 profit dips 14% to ₹3,922 crore
Coal India Ltd posted 14 per cent drop in consolidated net profit at ₹3,922 crore for the third quarter ended December 31, 2019, as compared with ₹4,567 crore same period last year. Net sales dropped by 8 per cent to ₹21,566 crore during the quarter under review as compared with ₹23,385 crore same period last […]
India coal imports rise in November 2019
Coal imports in November rose 8.6 per cent from a year earlier to 21.83 million tonnes, government data showed, following three straight months of decline. Imports of thermal coal — used mainly for electricity generation — rose 12.3 per cent from a year ago to 17.65 million tonnes, whereas coking coal shipments into the country […]
Shrachi Group bags ₹365-crore order from BHEL
BTL EPC Ltd, a division of the Kolkata-based Shrachi Group, has secured a₹365-crore order from BHEL for setting up a coal, limestone and gypsum handling plant at Yadradri TPS of Telangana State Power Generation Corporation Limited in the Nalgonda district. The order consists of setting up a 21.77-km conveyor system. A release issued by the […]
Coal India posts double-digit growth in output in January
Coal India Ltd, the world’s largest miner, has registered an over 10 per cent growth in production to 54.17 million tonnes (MT) till January 27 compared with 48.94 MTs it reported in the same period last year. This is the first double-digit growth that the company has registered during the ongoing fiscal. Production till January […]