The Centre on Friday entered into pacts with six bidders, including Hindalco Industries and NLC India Ltd, which bagged coal blocks under the seventh round of coal mines auction. The government had launched the seventh round of auctions for commercial mining of coal blocks, putting 106 mines under the hammer. In a statement, the coal […]
Category: Coal
India’s mineral production rises 10.7 per cent in July
India’s mineral output rose 10.7 per cent in July as compared to the same month a year ago, the mines ministry said in a statement on Thursday. The index of mineral production of the mining and quarrying sector for July 2023 was at 111.9, higher 10.7 per cent as compared to the year-ago period, as […]
Trade unions demand wage revision for non-executives, threaten 3-day stir in Coal India
Central trade unions, including Bharatiya Mazdoor Sangh and All India Trade Union Congress, have demanded salary of non-executive employees as per the latest wage pact from Coal India, and threatened a three-day strike. The trade unions have demanded that salary of non-executive employees of Coal India be given according to National Coal Wage Agreement (NCWA) […]
Coal India commits Rs 24,750 crore for 61 eco-friendly projects
Coal India Ltd has committed a capital investment of about Rs 24,750 crore in the next few years on as many as 61 first-mile connectivity (FMC) projects in a bid to boost eco-friendly coal transportation. In a statement, the world’s largest coal producer said the projects, which will be set up in three phases, will […]
G20 per capita CO2 emissions from coal rise 7% from 2015: Report
Group of 20 nations have increased per capita emissions nearly 7 per cent from coal-fired power since 2015, with China and India adding new plants, and Australia’s CO2 count per head nearly three times higher than the world average, research showed on Tuesday. As the bloc gathers for a summit in India this week, as […]
Centre asks utilities to import 4% coal until March 2024
Centre has asked utilities to import 4 per cent of their coal requirement until March next year and has called a meeting to revive idling state-owned and private gas-based power utilities on Monday, letters seen by Reuters showed, as the country struggles to meet night-time power demand. The country’s maximum power demand touched 240 gigawatt […]
India extends coal import mandate for power to avoid blackouts
India extended a mandate to power plants to import coal until March as the driest August in more than a century pushed electricity demand to a record, putting a strain on supplies of the nation’s main generation fuel. Plants designed to run on domestic coal have been asked to import 4 per cent of their […]
Coal scam: Delhi court gives ‘no-objection’ for renewal of Naveen Jindal’s passport
A Delhi court has given its ‘no-objection’ for the renewal of the passport of Congress leader and industrialist Naveen Jindal, accused in a coal scam case. Special Judge Arun Bharadwaj, meanwhile, said that the order was only for no-objection, and “not any direction to any authority for the renewal of the passport of Jindal.” “Having […]
Coal India output grows 13 % to 52.3 MT in August; supply up by 15% at 59 MT
Coal India Ltd (CIL) on Friday posted a 13.2 per cent growth in its output at 52.3 million tonnes (MT) in August 2023 compared to 46.2 MT in the year-ago month. The supplies rose to 59 MT in August 2023 from 51.2 MT in the same month last fiscal, registering a rise of 15.3 per […]
Coal India Q1 net profit falls 10% to Rs 7,941.40 cr
Coal India on Tuesday posted a 10.1 per cent fall in its consolidated net profit to Rs 7,941.40 crore for the quarter ended on June 30, dragged by higher expenses. The coal major had clocked a net profit of Rs 8,834.22 crore in the April-June period of the preceding 2022-23 fiscal, the company said in […]
Serbian coal miners uncover ancient Roman ship
Archaeologists in Serbia are painstakingly brushing sand and soil off the ancient woodwork of a Roman ship discovered by miners in a vast opencast coal quarry. After an excavator at the Drmno mine uncovered some timber, experts from the site of a nearby former Roman settlement known as Viminacium rushed to try and preserve the […]
US pulls back offer to buy 6 mn barrels of oil for emergency reserve
The Biden administration has pulled an offer to buy 6 million barrels of oil for the Strategic Petroleum Reserve, an Energy Department spokesperson said on Tuesday, as oil prices are expected to keep rising after a output cut from Saudi Arabia. The U.S. made the latest solicitation to buy the sour crude oil for the […]