Imports of metallurgical coal from Russia have spurted around three-fold in the last three years to around 15.1 million tonnes in 2023-24 mainly due to lower prices while the same from Australia have declined, according to a research firm. Russia’s share in India’s metallurgical coal imports of 73.2 million tonnes (MT) has risen to around […]
Category: Coal
Thermal power plants have 68% of normative coal stocks, shows data
As many as 184 thermal power plants with a total generation capacity of 211 GW have 68 per cent of normative coal stock levels amid rising electricity demand due to soaring temperatures in the country. According to the Central Electricity Authority’s (CEA) May 3 daily report, 184 plants, that are monitored by the CEA, have […]
Coal India rallies 4% on decent quarter; brokerage retains ‘Buy’ on stock
Shares of Coal India shot up by 4.1 per cent at Rs 472 a piece on the BSE in Friday’s intraday trade. This came after the company delivered a decent growth in its fourth quarter results for financial year 2023-24 (Q4FY24) The national miner Coal India reported a 17.8 per cent jump in its year-on-year […]
Coal India production increases 7.3% to 61.8 million tonnes in April
State-owned CIL on Wednesday said its production increased 7.3 per cent to 61.8 million tonnes (MT) in April. The company had produced 57.6 MT of coal in the corresponding month of the previous fiscal, Coal India Ltd (CIL) said in a filing to the BSE. CIL accounts for over 80 per cent of domestic coal […]
G7 commits to coal phaseout with caveats, may influence G20 and COP29 talks
The Group of Seven (G7) developed economies, in the recent meeting of its Climate, Energy, and Environment Ministerial, has decided to phase out unabated coal during the first half of the 2030s. This decision sets the tone for the upcoming global dialogues on energy transition at COP29 (Conference of the Parties) in Baku and the […]
G7 nations reach deal to shut down their coal-fired power plants by 2035
Energy ministers from the Group of Seven (G7) wealthy countries reached a deal to shut down their coal-fired power plants by 2035 at the latest, in a significant step towards the transition away from fossil fuels. “We have an agreement to stop using coal in the first half of 2030’s… it is an historical agreement,” […]
Italy pushes G7 to set date for coal phase-out ahead of energy meeting
Italy is pushing for an agreement among the Group of Seven wealthy nations to set a target date for the phase-out of coal in power generation, diplomatic sources said ahead of a meeting of G7 energy ministers in Turin. An agreement on this would be one step in the direction indicated by the COP28 United […]
Coal India’s capital expenditure up 6.5% to Rs 19,840 crore in FY24
State-owned CIL on Tuesday said its capital expenditure increased by 6.5 per cent to Rs 19,840 crore in FY24. The company’s capital expenditure was Rs 18,619 crore in FY23, Coal India Ltd (CIL) said in a statement. It accounts for over 80 per cent of the domestic coal output. “CIL achieved 120 per cent target […]
China’s March coal output drops 4.2% amid oversupply, weak demand
China’s coal output fell 4.2 per cent in March, statistics bureau data showed on Tuesday, amid oversupply and weak demand. China produced 399.33 million metric tons of coal last month, the National Bureau of Statistics said on Tuesday. That brought output in the first quarter of the year to 1.11 billion tons, down 4.1 per […]
Govt sets coal production target of producing 170 million tonnes for FY25
The government has set the target of producing 170 million tonnes of coal from captive and commercial coal blocks in the country during the current financial year. In FY24, captive and commercial coal blocks produced 147.12 million tonnes (MT) of dry fuel, 26 per cent higher from 116 MT produced in FY23. According to an […]
Digi Yatra likely to expanded to 14 more airports: Check the full list
Digi Yatra is a system that uses facial recognition technology for contactless and seamless passenger movement at airports. It will be used by 14 more airports in India by the end of April. Digi Yatra is available at 13 airports: Delhi, Bengaluru, Varanasi, Hyderabad, Kolkata, Vijayawada, Pune, Mumbai, Cochin, Ahmedabad, Lucknow, Jaipur and Guwahati. Suresh […]
Domestic coal import rises 13% in Feb to 21.64 MT ahead of summer
India’s coal import rose by 13 per cent to 21.64 million tonnes (MT) in February as some buyers took fresh positions to replenish stocks ahead of summer, according to online marketplace mjunction. The country’s coal import was 19.15 MT in the corresponding month of FY23. “Coal imports in February 2024 were up by 13 per […]