Medininagar: The Centre owes Rs 1.36 lakh crore to Jharkhand on account of coal that is mined from the state, Chief Minister Hemant Soren claimed on Friday. Addressing a public meeting here, he alleged that when asked about this money, the Centre resorts to tactics for evading it. “Coal is extracted from Jharkhand and on […]
Category: Coal
Illegal storage, sale of coal: KPCL probe team visits RTPS, YTPS
A probe team from Bengaluru on Wednesday visited Raichur Thermal Power Station (RTPS) and Yermarus Thermal Power Station (YTPS) following the complaints of unauthorised storage and sale of coal allocated to the thermal plants. The probe team comprising Yatiraj Raghunath, Ajay and Krishnamurthy visited the coal dumps at RTPS and YTPS where coal wagons are […]
Coal India to phase out mining equipment imports in 6 years: Govt
New Delhi: State-owned CIL, which has imported high-capacity mining equipment worth Rs 3,500 crore in the past five years, has drawn up a plan to phase out such inbound shipments over the next six years, the government said on Thursday. The move aims to encourage and develop domestically manufactured equipment, it said. ‘Currently, Coal India […]
India seeks to restart stalled Adani coal imports probe
New Delhi: Indian investigators are seeking to restart a probe into Adani Group for alleged overvaluation of coal imports and have asked the Supreme Court to allow them to collect evidence from Singapore, a step they say the company thwarted for years, legal documents show. The Directorate of Revenue Intelligence since 2016 has been trying […]
India to seek steady coking coal supplies from Australia
New Delhi: The Indian government will request Australia to take measures to ensure steady supplies of coking coal, four sources said, as part of efforts to help steel mills reeling from falling supplies and rising prices of the key raw material in steel-making. Nagendra Nath Sinha, the most senior official at India’s Ministry of Steel, […]
Booming Indian coal demand powers rise of state-run giants
Singapore: Booming demand for Indian coal is driving up the shares of miner Coal India and power generator NTPC Ltd, state giants investors once dismissed as plodding dinosaurs, but which are now outperforming the wider market and global peers. NTPC, which produces mostly coal-fired power, has surged 78 per cent, far ahead of a gain […]
India to remain top importer of coking coal; rising prices of raw material a concern: ISA President Oommen
New Delhi: India will continue to remain the top importing nation for coking coal in the near future, industry body ISA said noting that the rising prices are affecting the domestic steel industry the most. Coking coal is a key raw material that is used to manufacture steel through the blast furnace route. The Indian […]
SAIL wants to increase coking coal purchases from Russia
New Delhi: Steel Authority of India wants to increase coking coal purchases from Russia due to cheaper prices and is expecting four shipments, each with a capacity of 75,000 tons, in the quarter ending December, chairman Amarendu Prakash said on Monday. Coking coal, a key raw material in steelmaking, is in short supply and Russian […]
Adani Enterprises’ Q2 profit nearly halves on weak coal trading
India’s Adani Enterprises reported a near 50% drop in second-quarter profit on Thursday, hurt by weakness in its key coal trading division due to a fall in prices. The Adani group’s flagship company posted a consolidated profit of 2.28 billion rupees ($27.40 million) for the quarter ended Sept 30, down from 4.61 billion rupees a […]
Despite India’s net zero ambitions, coal may remain king
Bengaluru: India’s commitment to attain net zero carbon emissions by 2070 seems to be at odds with its continued engagement with thermal energy, especially during the peak summer season. Far from shrinking its dependence on fossil fuel, the country is increasing its investment in coal mines and thermal power stations. According to data from the […]
SECL achieves record 100 MT of coal dispatch with 17.5% growth in FY’23
Kolkata: South Eastern Coalfields Limited (SECL) announced on Sunday that it had surpassed 100 million tonnes of coal dispatched for the current fiscal year, achieving a growth of 17.65 per cent over the previous year when the Coal India subsidiary dispatched 85 million tonnes of dry fuel. Of the total dispatch, more than 80 per […]
Coal ministry asks Department of Financial Services for classifying coal under infrastructure sector
New Delhi: The coal ministry on Saturday said it has requested the Department of Financial Services (DFS) to consider classifying coal under infrastructure sector, a move which will ensure financing of commercial coal mines. This reclassification would allow banks and financial institutions to formulate policies more effectively to meet the increasing requirements of the coal […]