The National Mineral Development Corporation Limited (NMDC) and the Rashtriya Ispat Nigam Limited (RINL) have been allotted one coking coal mine each by the Ministry of Coal. A Coal Ministry statement said, the Rohne Coal Mine has been allotted to National Mineral Development Corporation Limited for sale of coal and will also serve the purpose […]
Category: Coal
CAG blames improper deployment of manpower to monitor environmental impact of Coal India
The Comptroller and Auditor General (CAG) has highlighted inconsistencies in deployment of manpower for monitoring the environmental impact of Coal India’s activities. This observation has been made in the CAG report on assessment of environmental impact due to mining activities and its mitigation in Coal India Ltd (CIL) and its subsidiaries. “While the deployment of […]
Fuel linkage rationalisation helps CIL save ₹3,770 cr annually
Fuel linkage rationalisation implemented by Coal India Ltd (CIL) has translated into an annual cost saving to the tune of ₹3,770 crore in coal transportation for around 58 thermal power plants. Linkage rationalisation is transfer of coal supply linkage of a power plant from a far end source to the nearer source. A total of […]
Coal India eases credit norms for firms in non-regulated sector
Coal India, the world’s largest miner, plans to give 10-15 days credit period to companies operating in the non-regulated sectors such as steel, cement, and aluminium. These companies, which are called customers in Coal India parlance, had to make an upfront payment before despatch. Previously, such credit facility was available only to power generating companies. […]
Mines auction: Coal Ministry estimates ₹17,136- crore bonanza for States
The Coal Ministry has projected an estimated income of ₹17,136 crore to the State governments from the recently concluded auction of five mines. A Coal Ministry statement also said that the allocation of bid out mines has been approved. In this round, Birla Corporation Ltd has won two mines in Madhya Pradesh, Prakash Industries Ltd […]
‘Global FIs undermining Paris Agreement by providing finance to coal-based energy production’
Global financial institutions are turning a blind eye to and undermining the Paris Agreeement when it comes to phasing out coal-based energy production. According to new research by Urgewald, BankTrack and 30 others, between January 2017 and September 2019, banks and other financial institutions have lent finance and provided underwriting services to 258 coal plant […]
Coal India output falls 4% in November
Coal India Ltd’s (CIL) coal production dipped by around 4 per cent to 50.02 million tonne (mt) in November 2019 compared to 52 mt the same period last year. Coal offtake dropped by around 7 per cent to 47.37 mt in November against 51 mt the same period last year. On a month-on-month basis, however, […]
Coal mine auctions: Windfall revenue gains to States look like a pipeline dream
The projections of windfall revenue gains for state governments after the auction of coal mines are turning out to be a pipe dream. According to data shared by the Ministry of Coal, the revenue to Odisha from auctioned coal mines declined annually from 2015-2016 to nil in 2018-2019 and remained nil in the current year, […]
Coal production in India up by 164.58 MT in 5 years
Raw coal production in the country has increased from 567.77 million tons (MT) in 2013-14 to 730.35 MT in 2018-19, Union Coal and Parliamentary Affairs Minister Pralhad Joshi said in Lok Sabha. He said that India had to import 234 MT coal last year for which it lost Rs 1.7 lakh crore foreign exchange. “All […]
Oil drops as US inventory build, record output rekindles supply worries
Oil prices fell on Thursday, extending losses from the previous session after official data showed US crude and gasoline stocks rose against expectations and production hit a record. Brent crude futures were down 16 cents, or 0.3 per cent, at $63.90 a barrel by 0141 GMT, having dropped 0.3 per cent on Wednesday. US West […]
Coal supply to power sector by CIL drops over 8 per cent in April-October
Supply of coal by state-owned Coal India (CIL) to the power sector registered a decline of 8.5 per cent to 253 million tonnes in the April-October period of this fiscal. Fuel supply by Coal India in the year-ago period was 276.8 million tonnes (MT), according to official data. The supply of coal to power sector […]
CIL to develop 55 new coal mines in next 5 yrs: Minister
State-owned Coal India Ltd (CIL) will develop 55 new coal mines and expand 193 existing ones in the next five years, Parliament was informed on Wednesday. The company is also undertaking portal-based monitoring of ongoing projects to ensure their timely completion. “Coal India has taken steps to boost its coal production, (including) opening of 55 […]