NEW DELHI: India’ second tranche of commercial coal mine auctions has gained traction, with at least 50 mine specific tender documents purchased by prospective bidders, the Union coal ministry said in a statement on Tuesday. India has the world’s fourth largest reserves and is the second-largest producer of coal. With global shift to green energy […]
Category: Coal
47 personnel of Coal India Jharkhand’s arm die due to Covid-19
At least 47 personnel of Central Coalfields Ltd (CCL), a subsidiary of Coal India Limited, lost their lives due to coronavirus in Jharkhand, an official said on Sunday. Besides, many other personnel and their family members are battling for life, Coal India’s Jharkhand arm added. “Mining activities of Central Coalfields Ltd, a Jharkhand based subsidiary […]
Improved coal base generation is adding to optimism on Coal India
NEW DELHI : With the rally in commodity stocks, Coal India Ltd, the country’s largest coal producer, too is seeing its stock prices rebound. The stock is up more than 13% in the last two trading sessions. Strong demand and higher realizations for commodities such as steel, aluminium, cement and others bode well for demand […]
Coal India to continue with fuel supply to power plants under import substitution in current fiscal
State-owned CIL will continue with the supply of coal to the power plants under import substitution in the ongoing fiscal. The development assumes significance in the wake of the PSU earlier stating its drive for coal import substitution has gained tempo with consumers opting for about 90 million tonnes (MT) of indigenous coal in FY’21. […]
Coal India’s fuel allocation through spot e-auction rises 43% in FY21
New Delhi: State-owned CIL allocated 42.51 million tonne of coal in 2020-21 under spot e-auction scheme, registering a year-on-year increase of 42.5 per cent. Coal India Ltd (CIL) had allocated 29.83 MT of the dry fuel in 2019-20, according to government data. Fuel allocation by CIL under the scheme also increased to 5.30 MT in […]
Pandemic impacts coal offtake from Coal India’s mines
Offtake from Coal India Ltd (CIL) fell more than a fifth in April as the second wave of the pandemic left several contract workers battling the deadly infection. The fuel offtake from India’s largest coal miner fell to 54.13 million tonnes (mt) last month as against a target of 68.89 mt. This dip in offtake […]
India’s coal import likely to be subdued in coming months: mjunction
India’s coal import is expected to be subdued in the coming months on account of various factors like the prevailing Covid situation, high coal stock in the system and higher international prices, according to mjunction. mjunction — a joint venture between Tata Steel and SAIL — is a B2B e-commerce company and also publishes research […]
For Coal India, solar power foray a positive; volumes key to near-term prospects
MUMBAI: Coal India Ltd has been in news for diversifying to solar power business having incorporated two wholly-owned subsidiaries – CIL Solar PV Limited for manufacturing of solar value Chain (Ingot-wafer-Cell Module) and CIL Navikarniya Urja Limited for renewable energy. This foray into solar power and renewables is a positive, given rising concerns about climate […]
India to build new coal plants due to low cost despite climate change
India may build new coal-fired power plants as they generate the cheapest power, according to a draft electricity policy document seen by Reuters, despite growing calls from environmentalists to deter use of coal. Coal’s contribution to electricity generation in India fell for the second straight year in 2020, marking a departure from decades of growth […]
Coal India fuel allocation under spot e-auction rises 36% in Apr-Feb 2020-21
New Delhi: State-owned CIL allocated 37.21 million tonnes of coal during the April-February period of FY20-21 under spot e-auction scheme, registering a year-on-year increase of 36.3 per cent. Coal India Ltd (CIL) had allocated 27.30 MT of coal in the April-February period of FY 2019-20, according to government data. Fuel allocation by CIL under the […]
Coal India’s shipments sink to 4-year low amid covid crisis
Coal India Ltd.’s shipments touched a four-year low in the 12 months through March, after the pandemic crushed demand for the commodity. The state-run miner sold 573.8 million tons of coal during the period, 1.3% less than a year earlier, according to a filing on Thursday. That reflects lower consumption as lockdowns brought industrial activity […]
Adani Enterprises inks coal mining agreement with MAHAGENCO
Adani Enterprises Ltd along with its wholly-owned subsidiary Gare Palma II Collieries Pvt Ltd (GPIICPL) has signed a pact with Maharashtra State Power Generation Co Ltd (MAHAGENCO) for development and operation of Gare Palma Sector II coal mine. The coal ministry had allocated the coal mine in Raigarh district of Chhattisgarh to MAHAGENCO in 2015, […]