Vedanta, Coal India, and NLC India, alongside Ola Electric, Jindal Power, and the Dalmia Group, Shree Cement are participating as bidders for 20 blocks in the initial phase of the auction for critical mineral blocks in India. The Ministry of Mines late on Thursday said that it has received more than 50 bids for the […]
Category: Coal
Coal-producing states earn revenue of Rs 1.52 trillion in last 9 yrs: Govt
Coal-producing states earned a revenue of Rs 1.52 lakh crore in the last nine years from royalty, District Mineral Foundation (DMF) and National Mineral Exploration Trust (NMET). State-wise and year-wise data indicate that the coal mining sector is a very significant contributor to the revenue of states including Jharkhand, Chhattisgarh, Odisha and Madhya Pradesh, the […]
Coal India output rises 11% to 685 mn tonnes during Apr-Feb FY24
State-owned Coal India Ltd on Friday reported a 10.5 per cent rise in production at 685.1 million tonnes (MT) during the April-February period of the ongoing fiscal. The public sector coal producer had registered an output of 619.7 MT in the year-ago period, Coal India Ltd (CIL) said in a filing to BSE. In February, […]
New US sanctions may curb Indian imports of Russian coal, say traders
New US sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of Russian coal said. Russia, historically a minor exporter of the fuel to India, began boosting shipments to the south Asian country after […]
Coal minister Joshi launches coal logistics policy for infra development
Aiming at transporting coal seamlessly across the country, the Union Ministry of Coal has drafted a logistics plan and policy in consultation with all stakeholders in the supply chain. The plan, called “Coal Logistics Plan and Policy” and unveiled by Union Minister for Coal, Mines and Parliamentary Affairs Pralhad Joshi on Thursday, will bring together […]
‘New US sanctions more likely to curb Indian imports of Russian coal’
New US sanctions on Moscow are more likely than previous ones to cut Indian imports of thermal coal from Russia because they specifically cite top exporters SUEK and Mechel, three major traders of Russian coal said. Russia, historically a minor exporter of the fuel to India, began boosting shipments to the south Asian country after […]
CIL to hold 51% stake in Rs 11,700 crore coal-to-chemical JV with BHEL
Coal India Limited (CIL) on Wednesday said it will hold a 51 per cent stake in the joint venture with Bharat Heavy Electricals Limited (BHEL) for the coal-to-chemicals project in Odisha. “To form a JV company to undertake coal-to-chemicals business by initially setting up a Coal to 2000 tons per day (TPD) Ammonium Nitrate Plant […]
PM Modi to inaugurate 2 Coal India projects worth Rs 1,400 cr on Thursday
Prime Minister Narendra Modi will on Thursday inaugurate Coal India’s two first-mile connectivity projects worth Rs 1,393.69 crore, according to an official statement. The first mile connectivity (FMC) projects are expected to reduce the state-owned coal producer’s dependence on road traffic for transportation of the dry fuel. Owned by Coal India arm Norther Coalfields Ltd […]
India’s thermal coal imports fall for first time since Covid-19 pandemic
India’s thermal coal imports are expected to fall for the first time this year since the Covid-19 pandemic due to increasing domestic output and record high inventories, industry officials said on Tuesday. Out of eleven coal traders Reuters spoke with at the Coaltrans India conference in the western state of Goa, eight expected shipments of […]
Ministry of coal encouraging extensive diversification within CPSEs
The Coal Ministry on Tuesday said it is actively encouraging extensive diversification within central public sector units, including Coal India, in line with the country’s commitment to varied energy mix. The ministry has two large Central Public Sector Enterprises (CPSUs), Coal India Ltd (CIL) and NLC India Ltd (NLCIL), under its administrative control. “In line […]
‘Thermal coal imports falling first time since pandemic on domestic output’
India’s thermal coal imports are expected to fall for the first time this year since the COVID-19 pandemic due to increasing domestic output and record high inventories, industry officials said on Tuesday. Out of eleven coal traders Reuters spoke with at the Coaltrans India conference in the western state of Goa, eight expected shipments of […]
Coal sector contributes Rs 70,000 cr every yr to Centre, states: Govt
The coal sector contributes over Rs 70,000 crore every year to the Centre and states, through GST, royalties and other levies, the government said on Monday. These funds play a significant role in the socio-economic development and infrastructure enhancement in those coal-bearing areas, the coal ministry said in a statement. “The coal sector contributes over […]