The CBI has filed its charge sheet in an ongoing coal scam case probe against Monnet Ispat & Energy Ltd, its chairman cum managing director Sandeep Jajodia and senior vice president Amitabh Mudgal for alleged irregularities in allocation and running of Gare Palma and Rajgamar Dipside coal blocks in Chhattisgarh, officials said Friday. After over […]
Category: Coal
National coal index falls 5% in Dec, shows sufficient availability in mkt
Indicating sufficient coal availability in the market, the National Coal Index (NCI) declined 4.75 per cent in December. The NCI was at 155.44 points in December 2022, the coal ministry said in a statement on Thursday. This decline shows a strong supply of coal in the market, with sufficient availability to meet the rising demand. […]
Coal India maintains top spot among CPSEs in GeM procurement, says govt
The government on Wednesday said Coal India Ltd (CIL) has maintained the top position among all Central Public Sector Enterprises (CPSEs) in Government e-Marketplace (GeM) procurement. GeM is an online platform for public procurement in the country. As on February 14, 2024, the procurement through GeM has soared to Rs 63,890 crore, which is 300 […]
Coal India to add new mines, expand existing ones to meet high demand
State-run Coal India plans to start operations at five new mines and expand capacity of at least 16 existing ones to address growing demand for the fuel, its chairman told Reuters on Wednesday. India has increasingly relied on coal to address record power demand in recent months, with the rise in coal-fired power output outpacing […]
REC, Damodar Valley inks pacts worth Rs 588 cr to develop tubed coal mines
State-owned REC signed agreements to provide Rs 588 crore finance facilities to Damodar Valley Corporation for development of tubed coal mines in the Damodar Valley region. “REC Ltd has signed agreements worth Rs 588 crore with the Damodar Valley Corporation (DVC) to strengthen infrastructure and energy projects in the Damodar Valley region,” a power ministry […]
Need to enhance coal-based plants’ efficiency by reducing emissions: Govt
There is a need to enhance efficiency of coal-based power plants by reducing their emissions level, Union Minister R K Singh said on Tuesday. The Minister for Power, New and Renewable Energy made the remarks at NTPC’s Indian Power Stations O&M Conference (IPS 2024) at Raipur. The event commemorates the historic commissioning of the first […]
India’s coal imports register 27% rise in December, reaches 23.35 MT
India’s coal import registered a rise of 27.2 per cent to 23.35 Million Tonne (MT) in December, over the corresponding month of the previous fiscal. The coal ministry is aiming for zero thermal coal import by FY26. The country’s coal import was 18.35 MT in the corresponding month of the previous fiscal, according to data […]
Coal India Q3 results: Profit rises 17% to Rs 9,069 cr, revenue up 2%
Coal behemoth CIL on Monday reported a 16.9 per cent rise in consolidated net profit to Rs 9,069.19 crore for the December quarter. The company’s consolidated net profit stood at Rs 7,755.55 crore in the year-ago period, Coal India Ltd (CIL) said in a regulatory filing. Its consolidated revenue from operations in the October-December period […]
Chhattisgarh government restores e-permits for coal transportation
The Chhattisgarh government will end the controversial coal transportation system requiring manual generation of no-objection certificate (NOC) that had landed two Indian Administrative Service (IAS) officers in jail on extortion charges. In the previous Congress regime, clearance norms for coal transportation from mines to users were changed. In July 2020, then geology and mining department […]
CIL appoints Mukesh Agrawal as director of finance with immediate effect
State-owned CIL on Thursday said Mukesh Agrawal has taken over as its Director, Finance. Agrawal took charge from Debasish Nanda, Director, Business Development, who was holding the additional responsibility as Director, Finance, Coal India Ltd (CIL) said in a statement. “Agrawal took over as Director, Finance… on and from 8 February 2024,” CIL said. Prior […]
India exported 0.78 MT coal to neighbouring countries in Apr-Nov: Govt
India’s coal export to neighbouring countries was 0.78 Million Tonnes (MT) in the April-November period of the ongoing fiscal, Parliament was informed on Thursday. Among the neighbouring countries, India exports coal to Nepal, Bangladesh, and Bhutan. Replying to a question in Lok Sabha, Coal Minister Pralhad Joshi said, “Coal export by the country during the […]
Coal India aims to deploy 681 EVs at mines, subsidiary headquarters by FY26
State-owned Coal India Ltd aims to take the total number of e-vehicles at its mines to 681 by FY2025-26 from 178 at present, the government said on Wednesday. Coal and Mines Minister Pralhad Joshi in a written reply to the Lok Sabha said that Coal India Ltd is asserting on hiring electric vehicles at different […]