The economic slowdown has impacted coal import cargo in the first half of this fiscal, as overall cargo growth at major ports registered a marginal growth of 1.9 per cent to 294 million tonnes, rating agency ICRA said on Wednesday. Healthy volume growth in container, crude and iron ore segments was offset by the decline […]
Category: Coal
BHEL, BSNL, Coal India warn staff of pay cuts: Report
Several public sector units (PSUs) have warned employees of a pay cut as the units are facing a severe cash crunch, according to a report by Business Standard. Bharat Sanchar Nigam Ltd (BSNL) has moved to impose a penalty recoverable from staff salary in proportion to non-achievement of targets, further rattling the Department of Telecommunications […]
FDI 100% in coal mining and contract manufacturing
Seeking to give the slowing economy a foreign investment push, the Centre on Wednesday relaxed foreign direct investment norms across sectors, including single-brand retail and allowed 100% FDI in coal mining and contract manufacturing. On the lines of print media, it also allowed 26% FDI in digital media space. The existing policy allows 49% FDI […]
India, most appealing thermal coal market for Australia
India, the world’s third-largest coal consumer, is one of the most appealing markets for Australia’s thermal coal to meet its increasing energy requirements, according to a new report. According to ‘The Coal in India 2019” report, prepared by Australia’s Office of the Chief Economist, Australia is not a significant supplier of thermal coal to India […]
NMDC lease cancellation: Mines tribunal stays order
The Mines Tribunal under the ministry of mines on Wednesday stayed the impugned order of the Karnataka government cancelling the lease extension of NMDC Ltd. The state government, in its order dated August 17, 2019, had cancelled the mining lease extension of NMDC and had ordered for immediate e-auction of the mines spread over 597 […]
Work in Talcher Coalfields paralysed for 7th day
Coal production and supply was crippled at Talcher Coalfields of Mahanadi Coalfields Limited (MCL) in Odisha’s Angul district for the seventh day on Tuesday due to agitation by activists of a political party after a mishap at mine last week, officials said. Talcher coalfields on an average produce 2.1 lakh tonne of coal per day. […]
India’s 2018 thermal coal imports grew fastest in 4 yrs
India’s 2018 thermal coal imports rose at the fastest pace in four years, according to two industry sources, despite moves by Prime Minister Narendra Modi’s government to cut imports in a bid to reduce its trade deficit.
Coal India’s supply to power sector around 360 mn tonne
New Delhi, Jan 27 (PTI) State-owned Coal India supplied 360 million tonnes (MT) coal to the power sector during April-December 2018, an increase of 7.9 per cent over the year-ago period, according to official data.