Indian investigators are seeking to restart a probe into Adani Group for alleged overvaluation of coal imports and have asked the Supreme Court to allow them to collect evidence from Singapore, a step they say the company thwarted for years, legal documents show. The Directorate of Revenue Intelligence since 2016 has been trying to procure […]
Category: Coal
DRI seeks to restart Adani coal imports probe on alleged overvaluation
Indian investigators are seeking to restart a probe into Adani Group for alleged overvaluation of coal imports and have asked the Supreme Court to allow them to collect evidence from Singapore, a step they say the company thwarted for years, legal documents show. The Directorate of Revenue Intelligence since 2016 has been trying to procure […]
Coal plants capacity utilisation will improve to 65% this fiscal: CRISIL
Coal-based thermal power units’ plant load factor (PLF) or capacity utilisation will improve to 65 per cent in the current fiscal year despite record renewable energy capacity addition, according to Crisil Ratings. “Healthy PLFs along with lower receivables and encouraging fuel supply will support the credit profiles of private coal-based generating companies (gencos),” Crisil Ratings […]
26 killed, 38 injured in fire at a coal mining company building in China
A fire ripped through a building of a coal mine company in north China’s Shanxi province on Thursday, killing at least 26 people and injuring 38, state media reported. The fire started on the second floor of the five-story building located in Lishi District of Lyuliang City at around 6.50 am (local time). The on-site […]
Ministry of Coal launches 8th round of commercial coal mines auction
The Ministry of Coal on Wednesday launched the eighth round of commercial coal mines auction process. A total of 39 coal mines are on offer, said officials. “Today Union Coal Minister Pralhad Joshi started the 8th round of commercial coal mines auction. In this total 39 coal blocks are offered. Out of this, 35 coal […]
Making every effort to ramp up coal production to meet power demand: Joshi
The government on Wednesday said that coal will continue to feed the country’s power plants and it will make every effort to ramp up the output of fossil fuel to meet the growing demand for electricity. The Centre is also aware of its responsibilities and its commitment to get 50 per cent of energy from […]
Centre to seek steady coking coal supplies from Australia for steel mills
The Indian government will request Australia to take measures to ensure steady supplies of coking coal, four sources said, as part of efforts to help steel mills reeling from falling supplies and rising prices of the key raw material in steel-making. Nagendra Nath Sinha, the most senior official at India’s federal Ministry of Steel, will […]
JSW Steel beaten in race for Teck Resources Limited’s coal business
Glencore on November 14 said it has entered an agreement with Teck Resources Limited for the acquisition of a 77 percent interest in the Canadian company’s steelmaking coal unit for $6.93 billion in cash, leaving behind JSW Steel, which also was eying to acquire the unit. Concurrently, Nippon Steel Corporation will acquire additional equity in […]
8th round of commercial coal mines auction to be launched on Nov 15
A total of 39 mines will be put on sale in the eighth round of commercial coal mines auction, which will be launched on Wednesday, the government said on Monday. Pursuant to the launch of the first tranche of commercial coal mine auction by Prime Minister Narendra Modi in June 2020, a total of 91 […]
Coal ministry to ensure adequate availability of dry fuel at thermal plants
The coal ministry on Monday said it has plans to produce additional quantity of the dry fuel to ensure sufficient availability for thermal power plants. Production enhancement measures include opening of new blocks, expansion of mines capacity and production from captive, commercial mines. “All these three operational components are contributing and have clear plans for […]
India’s coal import surged 4% in September to 20.61 million tonnes
India’s coal import increased by 4.3 per cent to 20.61 million tonnes (MT) in September compared to that of the corresponding month of previous fiscal. The country had imported 19.75 MT of coal in September last fiscal, according to data compiled by B2B e-commerce firm mjunction services limited. Of the total imports in September, non-coking […]
Coal India Q2 results: Consolidated net profit rises 12.5% to Rs 6,799 cr
State-run Coal India on Friday reported a 12.5 per cent rise in consolidated net profit to Rs 6,799.77 crore for the September quarter on account of higher sales. The company’s net profit stood at Rs 6,043.55 crore in the year-ago period, Coal India Ltd (CIL) said in a regulatory filing. Its consolidated sales increased to […]