Coal consumption is set to rise in the coming years as growing demand for electricity in developing countries outpaces a shift to cleaner sources of electricity in industrialized nations. While use of the most polluting fossil fuel had a historic dip in 2019, the International Energy Agency anticipates steady increases in the next five years. […]
Category: Coal
NLC India to invest ₹17,000 crore, plans to develop Talabira coal blocks in Odish
BHUBANESWAR : State-owned NLC India Limited said on Sunday it is planning to invest more than ₹17,000 crore for its thermal power projects and has embarked upon afforestation programme inside and outside the coal mining area in Odisha. The Navratna company will produce 20 million tonne of coal per annum from Talabira II and III […]
India’s coal power usage set to shrink for first time in 14 years
NEW DELHI : Coal’s use for power in India is set to shrink for the first time in at least 14 years as demand slows and cheaper and cleaner renewable sources of electricity erode the fossil fuel’s share. Coal generation fell for a fourth month in November, the longest such streak in government data going […]
As weather conditions improve, a new challenge emerges for Coal India
Production and sales picked up for Coal India Ltd in October and November, after several months of decline, growing 15-27% on a month-on-month basis. Comparatively, production and offtake during the first half of the fiscal year was impacted by the prolonged monsoon and flooding at some of the company’s mines. The dry weather conditions during […]
Since FY15, govt collected ₹4,973 cr revenue from auctioned coal mines
New Delhi: The government has collected ₹4,972.738 crore in revenue from auctioned coal blocks since financial year 2014-15, Parliament was informed Monday. Of the total revenue garnered till 31 October, the maximum of ₹1,280.58 crore was mopped up in 2018-19. In 2017-18, the revenue stood at ₹1,115.02 crore while in the preceding fiscal, it was […]
Vedanta is highest bidder for Jamkhani coal block in Odisha
Vedanta Ltd on Wednesday said it had emerged as the highest bidder for Jamkhani coal block in Odisha’s Sundargarh district in the government’s tenth tranche of coal block auction for captive use. The coal block is in proximity to the company’s Jharsuguda aluminium smelter that it will feed. Once operational, the coal block will provide […]
Coal imports at major ports see a 18% dip to 51 MT in April-October
New Delhi: Thermal coal imports declined by 17.69% to 51.10 million tonnes at the country’s top 12 major ports during April-October this fiscal, latest Indian Ports Association report has said. The Centre-owned ports had handled 62.08 MT of the thermal coal in the same period previous year. The Indian Ports Association (IPA), which maintains cargo […]
Coal India’s output perks up, but FY20 target still a long way off
After five consecutive months of decline in output, Coal India Ltd’s latest production figures came as a relief for investors. In October, coal production was about 28% higher than September, while dispatches rose around 15%. The news sent shares of Coal India up 3.8% on Monday. The stock gained about 14% in the past one […]
Rail link for moving coal from SECL mines in Chhattisgarh becomes operational
NEW DELHI : In what will help supply fuel to coal fueled power projects, a key railway link for moving coal from Chattisgarh mines has become operational, according to state owned Coal India Ltd (CIL). “A 44-km long new railway line in Chhattisgarh under East Rail Corridor from Kharsia to Korichapar turned operational on 12th […]
India calls for a reset of climate debate on coal as a fuel
New Delhi: India on Tuesday called for a reset on climate debate on coal as a fuel, in the backdrop of India becoming one of the top renewable energy producers globally with ambitious capacity expansion plans. India’s position was articulated by power and renewable energy minister Raj Kumar Singh; commerce and industry minister Piyush Goyal […]
Coal India loses 2.1% of annual output due to strikes at Talcher coalfields
New Delhi: Coal India Ltd has lost 13 million tonnes, or 2.1%, of its annual output this financial year, due to strikes at Talcher coalfields, one of India’s biggest, a spokesman for the company’s unit said on Wednesday. “Owing to an unfavorable socio-political situation and frequent stoppages, Talcher coalfields alone has registered a loss of […]
Declining production may weigh heavily on Coal India stock price
Shares of Coal India Ltd fell by 3.4% on Thursday after the company reported a poor set of production numbers. Production shrank 23% in September, hampered by floods and rains. That has continued to keep a lid on its stock price, despite what appears to be an inexpensive valuation. Overall, in the April-September 2019 period, […]