Category: Coal

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 […]

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 […]

The government on Friday said more than 20 abandoned mines have been identified by state-owned CIL for evaluation and feasibility study for pump storage projects. The information was shared by Coal India Ltd (CIL) during a diversification review meeting held by Coal Secretary Amrit Lal Meena. State-owned NLCIL has also taken up a feasibility study […]

Trinamool Congress MP Mahua Moitra on Friday claimed that the Ethics Committee’s recommendation to expel her from Lok Sabha stems from Prime Minister Narendra Modi’s desperation’ to keep the Adani group’s alleged coal scam under wraps and he wants to gag anyone who flags this issue. In an interview with PTI Video, Moitra who is […]

The coal ministry on Wednesday clarified that post-cancellation of 204 blocks in the year 2014, the mines are being put on auction via a “transparent” mechanism. The clarification comes a day after Congress alleged that the Narendra Modi government reversed the long-standing policy of competitive auction for coal block allocation and gave away lucrative fields […]

The National Coal Index (NCI), which reflects the change in price of coal, has increased by 3.83 points to 143.91 points in September 2023, an official statement said. This increase was on account of a temporary rise of coal prices in global markets, Ministry of Coal said in a statement. “The NCI is marginally up […]

The Optimum Coal Mine and Terminal, once owned by the Gupta brothers, are to be retained as South Africa’s state property after a Supreme Court of Appeal (SCA) decision in favour of the National Prosecuting Authority (NPA). The business rescue practitioners of the Guptas’ mining company Tegeta Exploration and Resources, Optimum Coal and Optimum Coal […]

NTPC has produced 19.117 million tonnes (MT) of coal from its captive mines during the April-October period of the ongoing fiscal, a year-on-year rise of 86 per cent. It had produced 10.282 MT in the nine-month period of the preceding 2022-23 financial year, the company said in a statement on Thursday. In addition, NTPC has […]

The coal ministry has urged REC to consider investing in the coal sector and provide financing to mines which would assist in faster operationalisation of the same. REC is a state-owned non-banking finance firm. Speaking at a workshop on ‘Customised Debt-Financing for Commercial Mining & MDOs’ in the national capital, coal additional secretary M Nagaraju […]

The Centre on Thursday said the significant growth in the coal sector is due to a rise in production of the fossil fuel during September. The production of coal in September 2023 increased to 67.27 million tonne (MT), against 58.04 MT in the year-ago period. As per the index of eight core industries for September […]

State-owned CIL’s coal supply to electricity generating plants rose by 11 per cent to 50.8 MT in October amid higher power demand in the festive month. The fuel supply by Coal India Ltd (CIL) to the power sector was 45.8 MT in October last fiscal. The higher supply of five million tonnes (MT) was despite […]

Voicing concern over “privatisation of mines”, Congress leader Rahul Gandhi on Wednesday alleged that it was a violation of labour laws and it meant pushing the workers into “bonded” labour, as he shared a video of his recent interaction with workers of the Singareni Coal Mines in Telangana. In the video shared by Gandhi on […]