Category: Coal

Adani Enterprises Ltd, Hindalco Industries Ltd, JMS Mining Pvt. Ltd, Andhra Pradesh Mineral Development Corp. (APMDC) Ltd, EMIL Mines and Minerals Resources Ltd, Vedanta Ltd and Jindal Power Ltd are among 42 firms that have bid for 23 coal mines put on auction for commercial mining, the coal ministry said in a statement. Two or […]

KOLKATA : Coal continues to be a key in India’s growth story as solar power is not as economical as coal-fired electricity till affordable storage of power comes in a major way, CIL has said. The company’s argument came in the wake of a debate on the viability of coal-fired power, when solar energy is […]

Kolkata: State-run Coal India Ltd may witness de-growth in production during the current fiscal as its output is likely to fall below 600 million tonnes amid subdued demand, analysts said. The miner could end the current year with the production of around 580 million tonnes of coal as against its revised target of 650-660 million […]

CHENNAI : India’s imports of thermal coal fell by 41.5% to 32.9 million tonnes during the quarter ended June 30, government data showed, as coronavirus lockdowns battered power demand. India’s electricity demand is expected to fall for the first time in four decades in the ongoing fiscal year, which ends in March 2021. Imports by […]

State-owned Coal India Ltd (CIL) on Thursday said it plans to restore production from its discontinued underground mines and has identified 12 such blocks with provisional mineable reserves of around 1,060 million tonnes. The move is seen as part of efforts by the PSU coal major to meet its overall production target of one billion […]

NEW DELHI : State-owned Coal India’s 54 mining projects are running behind schedule mainly on account of delays in obtaining green nod and issues related to rehabilitation and resettlement. The development assumes significance against the backdrop of Coal India (CIL) eyeing production of 1 billion tonnes by 2023-24. In its recent report, CIL said that […]

The Coal India stock may not generate much steam this year. As power consumption fell sharply in the first quarter, with offices and factories closed, Coal India’s dispatches were hit, sliding 22% year-on-year (y-o-y). With economic activity likely to remain sluggish, demand for coal may stay low for a while, which will weigh on its […]

The government wants to overhaul the working of private mine developers and operators (MDOs) ahead of the first coal mining auctions with private company participation next month and wider plans for a massive increase in coal production. The Prime Minister’s Office (PMO) has written to NITI Aayog, asking it to consult with industry to create […]

Coal India reported a consolidated net profit of ₹2,077 crore in the first quarter ended June of FY21, a decline of 55% over that of ₹4,629 crore in the same period last fiscal, as demand for the dry fuel slumped due to the Covid-19 pandemic. Net sales was ₹17,007 crore during the quarter under review, […]

Coal India reported the first increase in monthly shipments since February, after demand for the fuel picked up with easing of restrictions aimed at controlling the coronavirus pandemic. The company shipped 44.34 million tons of coal in August, 9.3% more than a year earlier. Output rose 7% to 37.2 millions tons, the first increase in […]

UN Secretary General António Guterres today called on the Indian government to move away from coal and other fossil fuel-based economic growth and fully embrace renewable energy (RE). Guterres’s remarks were a part of his Darbari Seth Memorial Lecture speech, delivered online at The Energy and Resources Institute (TERI). He cautioned that new coal auctions, […]

Adani Australia has been ordered to pay $106.8 million to four coal companies over a contractual dispute regarding access and terminal handling charges for the Indian business group’s Abbot Point coal terminal in North Queensland, local media reported. In a judgment released by the Queensland Supreme Court in Brisbane late on Thursday, the court found […]