The Centre has formally allocated a coal block in Jharkhand to NLC India Ltd, the state-owned entity said on Friday. The PSU had emerged as successful bidder for North Dhadu (Western Part) mine in Latehar district of Jharkhand under commercial auctions held in August. “The vesting order (for coal blocks was) issued by Secretary (Coal) […]
Category: Coal
After recording all-time high, global coal demand to decline by 2026: IEA
After reaching an all-time high this year, global coal demand is expected to decline by 2026 due to a major expansion of renewables, according to the latest edition of the International Energy Agency’s (IEA) annual coal market report. This is the first time that the report has predicted a drop in global coal consumption. Around […]
CBI carries out searches at 10 locations in WB in ECL coal pilferage case
The CBI on Thursday conducted searches at 10 locations in West Bengal in connection with an alleged multi-crore coal pilferage scam in the Eastern Coalfields Ltd mines in the state’s Kunustoria and Kajora areas, officials said. The searches are taking place at multiple locations in Kolkata and other cities as part of further investigation into […]
Coal levy scam: SC dismisses bail plea of ex-Chhattisgarh CM’s deputy secy
The Supreme Court on Thursday dismissed the bail plea of former Chhattisgarh Chief Minister Bhupesh Baghel’s deputy secretary Saumya Chaurasia, who is an accused in an alleged coal levy scam money laundering case. A bench of Justices Bela M Trivedi and Satish Chandra Sharma also imposed a cost of Rs 1 lakh on her for […]
Booming Indian coal demand driving up the shares of state-run giants
Booming demand for Indian coal is driving up the shares of miner Coal India and power generator NTPC Ltd, state giants investors once dismissed as plodding dinosaurs, but which are now outperforming the wider market and global peers. NTPC, which produces mostly coal-fired power, has surged 78%, far ahead of a gain of 17% in […]
NMET-funded 11 mineral blocks auctioned, six under process: Coal minister
The government on Wednesday said as many as 11 mineral blocks funded by the National Mineral Exploration Trust have been auctioned while six other blocks are under the sale process. The National Mineral Exploration Trust (NMET) was set up in 2015 to boost regional and detailed mineral exploration activities. “Since inception NMET has funded 270 […]
State-owned Coal India’s capex rises 7.6% to Rs 10,492 cr in Apr-Nov period
State-owned CIL on Tuesday said that its capital expenditure increased by 7.6 per cent to Rs 10,492 crore in the first eight months of the ongoing financial year. The public sector enterprise’s captital expenditure was Rs 9,751 crore in the year-ago period, Coal India Ltd (CIL) said in a BSE filing. “CIL’s capital expenditure increased […]
South Eastern Coalfields to invest Rs 169 crore on ‘Miyawaki’ plantation
South Eastern Coalfields Limited (SECL), the Chhattisgarh-based arm of Coal India Limited (CIL), will invest Rs 169 crore on plantations in Chhattisgarh and Madhya Pradesh, over a period of the next four years. Headquartered in Chhattisgarh’s Bilaspur district, SECL operates 65 coal mines, of which 39 lie in Chhattisgarh while remaining 26 are located in […]
Transition away from coal not happening in foreseeable future: Govt
The transition away from coal is not happening in India in the foreseeable future, Parliament was informed on Monday. Although India is pushing for renewable, non-fossil-based energy, but the share of coal in the energy basket is going to remain significant in the years ahead to ensure affordable energy availability, coal and mines minister Pralhad […]
India’s coal imports drop over 4 pc to 148 million in Apr-Oct period
India’s coal imports dropped 4.2 per cent to 148.13 Million Tonnes (MT) in the April-October period of the ongoing financial year. The country’s coal imports were 154.72 MT in the corresponding period of the previous fiscal. During the April-October period, non-coking coal imports were 94.53 MT, lower than 104.41 MT imported during the same period […]
Coal import drops 5% in Apr-Sep period to 125.21 MT: Govt in Parliament
Country’s coal import has registered a drop of five per cent at 125.21 million tonnes (MT) in the April-September period of the ongoing financial year, Parliament was informed on Wednesday. Replying to a question in the Lok Sabha, coal and power minister Pralhad Joshi said that, had the production through auction, commercial coal auction not […]
Coal sector saw scams in past, transparent system now in place: Joshi
There were massive scams in the country’s coal sector in the past but now such a robust and transparent system has been established that even the coal minister cannot allocate one kg of coal to anyone in a discretionary manner, Union Minister Pralhad Joshi said Wednesday. Replying to a question related to his ministry in […]