Jindal Steel and Power (JSPL) on Tuesday refuted allegations of not reporting to the investors issues related to its mines in Australia and termed the charges as “false facts”. “Arun Kumar Jagatramka erstwhile promoter of Gujarat NRE Coke, has made an extremely shallow attempt by writing a flimsy defamatory piece and the allegations made are […]
Category: Coal
Adani inches closer to constructing Carmichael coal mine after Aussie nod
Mining conglomerate Adani has come a step closer to constructing its multi-billion Carmichael coal mine and rail infrastructure project in Australia after the federal government approved its groundwater management plans. Environment minister Melissa Price announced that she had approved the groundwater management plans after CSIRO (Commonwealth Scientific and Industrial Research Organisation) and Geoscience Australia found […]
Adani’s Australian coal mine moves closer, wins key environmental approval
Adani’s Australian coal mine moves closer, wins key environmental approval India’s Adani Enterprises has stepped closer to construction of a thermal coal mine in the Australian state of Queensland after Australia’s environment minister said on Tuesday it had approved a groundwater management plan. “This decision does not comprise the final approval for this project,” Minister […]
Thermal coal prices fall, Indian power plants to see limited gains
Thermal coal prices are on a downward spiral globally. Australian coal prices have fallen nearly 20 per cent in the past week, and 40 per cent from their peak of 2018, according to Reuters. For domestic power producers, that import coal, this should come as good news. However, the extent of benefit will be limited […]
Coal India nears production target of 610 mt for 2018-19; growth up 7%
A surpassing growth in coal production in March helped Coal India inch extremely close to its production target of 610 million tonne (mt) for the 2018-19 fiscal year after the coal monolith posted a seven per cent production growth in the 2018-19 fiscal year generating 606.9 million tonne (mt) of coal. Despatches, on the other […]
Coal, cement volumes increase South Central Railway’s freight loading
The South Central Railway (SCR) Zone has handled 122.51 million tonnes (MT) in freight loading for the year 2018-19, about 10 per cent more than the annual target fixed by the Railway Board on the back of an increase in coal and cement volumes. With the increase in freight loading performance the SCR Zone was […]
Captive coal mines overshoot target, total production up 8%
Coal production at captive mines has edged past the target for this fiscal. At the end of February, output at such mines stood at 44.41 million tonnes (mt) as against the target of 40 mt fixed for FY19. On a year-on-year (y-o-y) basis, the captive coal producers logged 31.6 per cent growth. The country’s total […]
Government reduces its holding in Coal India to 72.33% in FY19
The government has pared its holding in Coal India Ltd to 72.33 per cent in the current financial year from 78.5 per cent in 2017-18, the mining major said on Monday. Following the recent buy back of 0.72 per cent of shares, the promoters (government) holding is now at 72.33 per cent, the company said […]
At 7.25 million tonnes, NTPC eyes 170% rise in FY19 captive coal production
State-run power giant NTPC is expected to end the current financial year with captive coal production of 7.25 million tonnes, up massive 170 per cent, from 2.68 million tonnes in the year-ago period, a company official said. The official said that while output at NTPC’s Pakri Barwadih coal mine at Jharkhand has seen a sizeable […]
Govt may receive Rs 2600 cr more from Coal India as second interim dividend
After receiving more than Rs 11,500 crore from Coal India, the centre is further expected to receive around Rs. 2,600 crore more from this Maharatna company after the mining mammoth has decided to offer its second round of interim dividend at Rs. 5.85 per share. Company estimates suggest that the total outgo on account of […]
Coal block scam: CBI court allows Naveen Jindal to contest Lok Sabha polls
A special Central Bureau of Investigation (CBI) court here on Wednesday allowed Congress leader and businessman Naveen Jindal to contest the ensuing Lok Sabha election. Special CBI Judge Bharat Parashar while hearing an application filed by Jindal also exempted him from personal appearance till June 30. Jindal also mentioned in his application that he is […]
Coal scam: Court exempts Jindal from appearance to contest LS elections
Congress leader and industrialist Naveen Jindal, an accused in two coal scam cases, was Wednesday granted exemption from personal appearance till June 30 by a Delhi court on the ground that he will contest the Lok Sabha elections. Special Judge Bharat Parashar passed the order on an application moved by the accused, who sought exemption […]