Category: Coal

The first round of commercial coal mining auctions will take place before the end of the current financial year 2019-20, according to Coal and Mines Minister Pralhad Joshi. Speaking to BusinessLine, Joshi said that the goal of commercial coal mine auctions is to reduce coal imports. The government wants to limit coal imports to 100 […]

Adani Enterprises has denied any wrongdoing in the 2010 NCCF coal supply tender, which was meant for the Andhra Pradesh Power Generation Company. The Central Bureau of Investigation (CBI) has booked Adani Enterprises and three senior officials of the National Cooperative Consumers’ Federation of India (NCCF) for rigging an imported coal supply tender to favour […]

The Central Bureau of Investigation (CBI) has booked Adani Enterprises and three senior officials of the National Cooperative Consumers’ Federation of India (NCCF) for rigging an imported coal supply tender to favour the company. The CBI has levied allegations of criminal conspiracy, cheating and criminal misconduct by public servants. Virender Singh, the then Chairman; GP […]

The long-term outlook for Coal India (Rs 204.5) remains negative. The long term outlook will change to positive only if the stock breaks above Rs 277. The stock finds immediate resistance at the Rs 220 and Rs 236 levels. It finds strong support at Rs 187; a close below that level could trigger a fresh […]

(JSPL) on Tuesday said its coal gasification-based DRI plant at Angul district in Odisha has resumed operation. “JSPL’s 1.80 MTPA DRI (direct reduced iron) plant based on coal gasification process has resumed operations in Odisha’s Angul district,” the company said in a filing to BSE. The plant was not operational for long due to the […]

Siemens AG said it intends to honour a controversial contract to supply signalling systems to an Australian coal mine, defying the demands of activists who said they will continue protests in Germany on Monday. The company will establish a sustainability committee that will have the power to stop or escalate projects, but the company will […]

Coal resources available to Coal India Ltd (CIL) has seen a boost of over 8.3 billion tonnes (bt) following allocation of 16 blocks by the Centre. The Maharatna PSU’s capacity now stands at 172 bt; or around 54 per cent of the country’s entire coal resource. According to a statement by Coal India, the current […]

The cabinet on Wednesday decided to do away with end use restrictions to participate in coal mine auctions. This is being viewed as a precursor for the commercial coal mining auctions that the centre plans to conduct soon. The cabinet also decided to automatically transfer environment and forest clearances for iron-ore mines being auctioned. These […]

The Ministry of Coal aims to issue the Notice Inviting Tender (NIT) documents before the end of the current financial year to begin the process of commercial coal mining auctions. In a bid to boost production, the Centre decided to allow private companies to mine coal for commercial use in February 2018. The Centre had […]

State-owned Coal India (CIL) allocated 16.95 million tonnes (MT) of the dry fuel under special forward e-auction to the power sector in the April-November period of this fiscal, down 22.6 per cent over the year-ago period. Coal India (CIL) had allocated 21.91 million tonnes (MT) of coal in the April-November period of 2018-19, according to […]

Coal India Ltd posted the first decline in annual shipments in at least six years as demand from power producers weakened and its production was hit by heavy rains earlier in 2019. Shipments fell 3.8 per cent in 2019 from a year ago to 580.8 million tons, according to Bloomberg calculations based on data from […]

Coal India Ltd (CIL), which registered negative growth in production of the dry fuel for past few months, has posted over 7 per cent growth in December with 58 million tonne output, sources said on Wednesday. The coal behemoth had produced 54.13 million tonne in corresponding month of 2018. In the last month, the production […]