After spending two days in jail, ex-Rajya Sabha MP Vijay Darda, his son Devender and businessman Manoj Kumar Jayaswal were granted interim bail by the Delhi High Court in a case related to irregularities in coal block allocation in Chhattisgarh. Justice Dinesh Kumar Sharma issued a notice to the Central Bureau of Investigation (CBI) seeking […]
Category: Coal
BHP expects Indian steelmaking boom to drive its coal business
BHP Group expects the rampant expansion of India’s steel industry to boost its coal business significantly, the company’s Indian chief commercial officer Vandita Pant told the Financial Times on Monday. Around 40 per cent of BHP’s metallurgical coal, used by steel mills and known as coking coal, is now heading to India, he said.
India’s coal mining bet stumbles as wary banks weigh rising risks
India’s drive to ramp up coal output to meet growing energy demand is faltering due to banks’ reluctance to finance newly auctioned mines, though most lenders remain far from ditching fossil fuels for good, analysts and officials said. Of the 87 mines auctioned to private companies in the past three years in a push called […]
India’s coal output grows 8.40% to 222.93 MT
India’s total coal production rose 8.40 per cent to 222.93 million tonne (MT) in April-June 2023-24, an official statement said on Monday. The country’s overall coal output was 205.65 MT in the year-ago quarter, the Ministry of Coal said. Captive mines /others registered a growth of 4.74 per cent to 30.48 MT in Q1 FY24, […]
Govt gives nod to hike in wage of Coal India non-executive employees
The Coal Ministry has said it approved a wage revision agreement that was reached with trade unions for non-executive employees of Coal India Limited. The agreement provides for a 19 per cent of minimum guaranteed benefit from July 1, 2021, on emoluments – basic, Variable Dearness Allowance (VDA), Special Dearness Allowance (SDA) and attendance bonus […]
Only 5% of India’s coal power plants meet sulphur dioxide emission norms
Even after multiple extensions, only 5 per cent of India’s coal-fired power plants have installed flue gas de-sulfurisation (FGD) systems, which are air pollution control devices for sulphur dioxide emissions, a new analysis has said. The analysis by environmental think tank Centre for Science and Environment (CSE) is based on the updated FGD status released […]
Coal India’s plan for world’s biggest mine hits roadblock
Coal India Ltd is holding talks with residents opposed to a mine expansion that would create one of the world’s largest operations producing the fuel. Protests against plans for the Gevra site in the eastern province of Chhattisgarh threaten to complicate the company’s ability to win approvals to expand annual capacity to 70 million tonnes. […]
India’s coal production grows 7.10% to 76.26 million tonne in May
Domestic coal production was 7.10 per cent higher year-on-year at 76.26 million tonne (MT) in May. India had produced 71.21 MT coal during the same month in 2022, the coal ministry said in a statement. “Ministry of Coal has achieved a remarkable feat with a substantial surge in overall coal production during May 23, reaching […]
Govt to sell up to 3% stake in Coal India
The government on Wednesday proposed to sell up to three per cent stake in Coal India Ltd through the offer for sale route from June 1. The Offer for Sale (OFS) will be open for retail and non-retail investors on June 1 and 2. The proposal is to offload 9.24 crore shares amounting to a […]
Coal India raises non-coking coal prices by 8%
State-owned miner Coal India said on Tuesday that it has raised prices of non-coking coal by 8 per cent for high grades, effective May 31. The revision of prices will add an extra revenue of 27.03 billion rupees in the balance of the financial year ending March 2024, the miner said. Coal India said its […]
Bengal cabinet nod to 30-acre land for ECL for reopening abandoned mines
The West Bengal cabinet has decided to give land to the Eastern Coalfields Limited (ECL) for the construction of new pits and expansion of non-operational coal mines, a senior official said. The cabinet of Chief Minister Mamata Banerjee on Monday decided to allot around 30 acres of land in the Asansol industrial area in Paschim […]
India says 50L people directly dependent on coal mining; will press for ‘just energy transition’ at G20
India will press for a “just energy transition” at the G20 parleys, a top government official said on Monday, pointing out that 50 lakh people are directly dependent on coal mining. The country, which is keen to up its pace of development to take care of an increasingly aspirational population, has chosen a path of […]