The import of coal for blending purposes dropped 36.69 per cent to 19.36 Million Tonnes (MT) in the April-January period of the current fiscal, an official statement said on Monday. The country’s coal import for blending was 30.58 MT in the corresponding period of the previous financial year. “Despite the surging power demand, coal import […]
Category: Coal
NTPC crosses 100 million tonne coal production mark from captive mines
State-owned NTPC on Monday said it has crossed 100 million tonne (MT) coal production mark from its captive mines. The milestone was achieved on February 25, 2024, NTPC said in a statement. “Coal mining subsidiary NTPC Mining Ltd (NML) has produced 100.04 MMT (Million Metric Tonne) of coal since coal production started in its first […]
Govt carried out coal auctions after tweaking rules: Cong cites CAG reports
The Congress on Saturday cited CAG reports to allege that the government carried out coal auctions after tweaking rules in order to favour a select few industrialists and this caused huge revenue loss. The opposition party also asked why no action was taken by the government and the prime minister on letters by two BJP […]
PM to inaugurate South Eastern Coalfields projects in Chhattisgarh on Sat
Prime Minister Narendra Modi will virtually inaugurate three first mile connectivity projects of South Eastern Coalfields Ltd (SECL) in Chhattisgarh on Saturday. The First Mile Connectivity (FMC) projects are valued at Rs 600 crore. SECL is a subsidiary of Coal India. “Prime Minister Narendra Modi is scheduled to virtually inaugurate three key First Mile Connectivity […]
PM Modi to inaugurate Rs 600 cr-worth First Mile Connectivity projects
Prime Minister Narendra Modi will be virtually inaugurating three projects that aim to create a faster, eco-friendly, and efficient mechanised coal evacuation system on Saturday in Chhattisgarh. These ‘First Mile Connectivity’ projects are valued at Rs 600 crore and will be carried out by South Eastern Coalfields Limited (SECL), a Coal India Subsidiary under the […]
Coal India may exceed capex target of Rs 16,500 crore for FY24: Govt
The government of Wednesday said the state-owned Coal India Ltd (CIL) is likely to exceed its capex target of Rs 16,500 crore for the current financial year. Coal India accounts for over 80 per cent of domestic coal output. “As we navigate through the current fiscal year of 2023-24, both CIL and NLCIL are on […]
Gasification projects to help in economic development of coal regions: Govt
The government on Wednesday said that coal gasification projects will help in socio-economic development of coal bearing regions as well as in boosting the country’s energy security. Addressing a road show here to promote coal/lignite gasification projects, additional secretary in the coal ministry M Nagaraju called for investments in technology towards a greener and cleaner […]
Tata Steel, JSW Steel among bidders for mines under coal block auction
Tata Steel, JSW Steel and Rungta Sons are among the 27 companies which have submitted bids for coal blocks put up for commercial mines auction, the government said on Tuesday. “A total of 27 companies including major companies like Tata Steel Ltd, JSW Steel Ltd, Rungta Sons Pvt Ltd., etc. have submitted their bids in […]
JSW Steel in talks with Australia’s Whitehaven for coal mine stake
India’s JSW Steel Ltd is in talks with Australian miner Whitehaven Coal for a stake in its Blackwater metallurgical coal mine, a source aware of the discussions said on Tuesday. JSW Steel, India’s largest steel producer by capacity, is conducting due diligence and expects to get a coking coal sample from the mine this month […]
Coal India dips 8% in 2 days as mgmt flags drop in e-auction premium in Q4
Shares of Coal India were under pressure for the second straight session on Tuesday, slipping 4 per cent on BSE to 441.35. The stock is now down 8 per cent in two days on profit booking following management’s comments that e-auction premiums have declined in the current quarter. The company reportedly told analysts that e-auction […]
40 bids received via offline mode for coal mines auction, says govt
The coal ministry on Monday said it has received 40 bids through offline mode for the coal mines put for sale under the ninth round of commercial auction. The government had launched the ninth round of commercial mines auction in December last year. “The Ministry of Coal has received an overwhelming response for the coal […]
Coal India to bid for 3 mines in critical minerals auctions in February
State-run Coal India will bid for three blocks in critical minerals auctions conducted by the country’s mines ministry in February, Chairman and Managing Director P M Prasad told analysts in a post-earnings conference call on Monday. India launched the first part of its critical minerals auction – expected to raise an estimated Rs 45,000 crore […]