Category: Coal

India’s use of coal may have peaked in 2018, according to a new report by according to U.K.-based clean energy group Ember. That’s sooner than many experts have forecast. The share of the dirtiest fossil fuel in India’s power mix fell for the second year in a row in 2020, according to the report released […]

Volume disappointment and profit concerns remain for Coal India even though the company continues to see regular improvement in performance post easing of lockdown. Sales volume though increased 9.1% year-on-year to 154 million tonnes (MT) in the December quarter, it came on a low base of last year. The company’s sales volumes for 10 months […]

Coal India on Thursday reported 21.4% year-on-year decline in net profit to ₹3,084.10 crore for the year ended on 31 December. The company posted a net profit of ₹3,921.81 crore for the corresponding quarter last year. The revenue during the December quarter increased to ₹23,686 crore against ₹23,190 crore in Q3FY20. The company reported total […]

The country’s coal import rose by 15.1% to 23.63 million tonnes (MT) in December 2020 compared to 20.52 MT in the year-ago month. Non-coking coal imports were at 15.63 MT in December this fiscal against 14.21 MT in the same month last fiscal. Coking coal imports were at 5.36 MT against 4.47 MT in December […]

NEW DELHI : State-owned CIL on Wednesday said it has entered into a pact worth ₹2,900 crore with a Belarus-based mining equipment manufacturer for purchase of dumpers. The pact is for purchase of 96 dumpers of 240 tonne capacity each, Coal India Ltd (CIL) said in a statement. ”CIL on Saturday last formally signed a […]

New Delhi: India, Japan and Russia have identified energy, coal mining, transport and logistics, maritime connectivity, diamond processing, pharmaceuticals and healthcare among areas of potential cooperation in the Russian Far East, a statement after talks among the three countries said on Wednesday. The talks among representatives of the three countries, that took place last week, […]

State-owned Coal India Ltd on Saturday said that it is well geared to meet any surge in demand for coal from the power sector. The statement follows power demand touching an all-time high of 187.3 GW on Friday. “CIL (Coal India) is well geared to meet any surge in demand for the dry fuel from […]

Coal Minister Pralhad Joshi on Thursday assured Coal India of full government support, even as he said the PSU needs to learn “new things” for improvement in its future prospects. The minister, who was speaking during the launch of Enterprise Resource Planning (ERP) of Coal India Ltd (CIL), said there will be full support to […]

NEW DELHI : Union Home Minister Amit Shah on Monday said coal plays a key role in the country’s economy and a boost in the sector will give a fillip to the Indian economy. Launching a single-window clearance system for the coal sector, Shah also said that the move was an initiative of Prime Minister […]

India’s coal import declined by 17% to 137.16 million tonne (MT) in the April-November period of the current fiscal. The country had imported 165.35 MT of coal in the year-ago period, according to provisional compilation by mjunction, based on monitoring of vessels’ positions and data received from shipping companies. mjunction, a joint venture between Tata […]

KOLKATA : Despite its cash-flow issues, Coal India Ltd has already spent over ₹8,000 crore as capital expenditure (capex) till December 2020 in the current fiscal, and is looking to meet a revised target of ₹13,000 crore of such expense by the end of FY’21, an official said on Sunday. The capital expenditure target for […]

State-owned Coal India Ltd (CIL) on Friday said the supply of coal to the consuming sectors rose 9.2 per cent to 154.6 million tonnes (MT) in the third quarter of the current financial year. The company had supplied 141.6 MT of dry fuel in the corresponding quarter of the previous financial year, the state-owned company […]