Category: Coal

TMC MP Abhishek Banerjee and his wife Friday approached the Delhi High Court seeking quashing of summons issued to them by the Enforcement Directorate for questioning in a money laundering case linked to an alleged coal scam in West Bengal, saying they are residents of Kolkata and should not be compelled to join the probe […]

State-owned CIL has been writing to power generating companies since October last year urging them not to regulate the intake of coal and build up stock at their end, so that the electricity production does not suffer during summmer and monsoon seasons, according to official sources. The development assumes significance in the wake of power […]

Shares of Coal India gained 5 per cent at Rs 161.90 on the BSE in the intra-day trade on Wednesday, having gained 9 per cent in the past three trading days, on report that the company might raise prices of the dry fuel by at least 10-11 per cent to mitigate the impact of increased […]

Coal India’s warned the adviser to the federal power ministry in February of an impending fuel shortage as utilities tapped inventories and curbed purchases despite rising coal-fired power output, documents reviewed by Reuters show. India, which has the world’s fourth largest coal reserves, is facing a shortage of the fuel and has urged utilities to […]

A CBI special court here on Tuesday convicted five persons in connection with a coal scam case related to Lalgarh (North) coal block allocated during the Atal Bihari Vajpayee government in 2003, officials said. The CBI special judge convicted Binay Prakash, the then managing director of Ranchi-based Domco Pvt. Ltd.; the then directors Vasant Diwakar […]

India alone is home to 7 per cent (21GW) of the global coal project pipeline, which is 56 per cent of South Asia’s total, a study showed on Tuesday, with the country moving slowly away from coal at a national level, however considerable progress is being made at the state level. Four countries in South […]

Mining major Coal India Ltd might raise prices of the dry fuel by at least 10-11 per cent to mitigate the impact of increased costs and an impending wage revision, sources close to the development said. The Kolkata-headquartered company had last hiked coal prices in 2018. Its current average regulated price realisation is Rs 1,394 […]

National miner Coal India Ltd (CIL), which is caught in the throes of a coal supply crisis at thermal power stations, said it has stepped up deliveries to the power sector in the first eight days of September, clocking about 20 per cent growth at an average of 1.39 million tonne (MT) a day. Till […]

State-owned CIL on Friday said it has stepped up the supply of coal to the power sector in the first eight days of the current month, with an average of 1.39 million tonnes (MT) per day, clocking a growth of around 20 per cent y-o-y. The development assumes significance in the wake of power plants […]

State-run engineering firm BHEL has successfully demonstrated a facility to create methanol from high ash Indian coal, an official statement said on Thursday. Methanol is utilised as a motor fuel, to power ship engines, and to generate clean power all over the world. “With four years of hard work BHEL successfully demonstrated a facility to […]

Issuing a stern warning to private companies who are captive coal block owners, the ministry of coal said either their said mines should ramp up production or face regulation in coal supply from state-owned Coal India ltd (CIL). The ministry, which reviewed the coal production of the captive (self-use) coal mines awarded to private companies, […]

BEIJING/CHENNAI (Reuters) – Thermal coal prices across Asia hit new highs this week as China and India restock critically low inventories to meet robust power consumption, industry sources said. The most-traded thermal coal futures contract on the Zhengzhou Commodity Exchange jumped more than 4% on Tuesday to a record high of 979 yuan ($151.63) a […]