NEW DELHI : India plans to significantly reduce its thermal coal imports in “the next few years” to save foreign exchange and create jobs through the development of existing and new coal blocks, a senior official in the federal coal ministry said on Tuesday. Coal is among the top five commodities imported by India, the […]
Category: Coal
Coal India revises production target to 650-660 mn tonne in FY’21
State-run Coal India Ltd has revised its production target to 650-660 million tonne for the current fiscal in the wake of the disruptions caused by the COVID-19 pandemic, a top company official said on Saturday. The miner had earlier set a production target of 710 million tonne for the 2020-21 fiscal. “COVID-19 pandemic has affected […]
Thermal coal imports at major ports decline 35% to 17.71 MT in April-June: IPA
NEW DELHI : Thermal coal imports at India’s 12 major ports dropped 34.70 per cent to 17.71 million tonnes (MT) in the the first quarter of the current fiscal, according to the Indian Ports’ Association (IPA). Impacted by the COVID-19 pandemic, coking coal imports too witnessed a decline 28.49 per cent to 10.69 MT in […]
Govt plans to raise ₹20,000 crore by selling stakes in two firms
NEW DELHI : India is considering a plan to raise as much as ₹20,000 crore ($2.7 billion) by selling stake in the world’s largest coal producer, and a bank to fund a stimulus program aimed at boosting the virus-battered economy, officials with knowledge of the matter said. The proposal involves a share sale depending on […]
India’s coal import drops 30 pc to 48.84 MT in Apr-Jun
NEW DELHI : The country’s coal imports registered a drop of 29.7 per cent to 48.84 million tonnes (MT) in the April-June period of the ongoing financial year, according to industry data. India had imported 69.54 MT of coal in the April-June period of 2019-20, according to provisional compilation by mjunction. mjunction, a joint venture […]
Indian private firms may develop 15 million tonnes capacity coal mines this year
CHENNAI : India’s private companies could start developing coal mines with an annual capacity of 15 million tonnes by the end of March, the country’s coal minister told Reuters, a move that would end the near-monopoly of state-run Coal India . Prime Minister Narendra Modi last month officially launched the auction of 41 coal mines […]
Private coal mining may see weak investor sentiment: ICRA
The prospects of commercial coal mining in India may be dimmer than initially expected because of the expected shift in India’s energy mix from fossil fuel-based power to renewable energy. The rollout of this government reform at a time when the economic outlook remains uncertain amid the Covid-19 pandemic may lead to weak investor sentiment, […]
India launches commercial coal mine auctions
NEW DELHI: In a big push to reforms, Prime Minister Narendra Modi on Thursday launched the auction for 41 coal mines for commercial mining. Ending seven decades of policy curbs aimed at reviving economic growth, the auctions formalise the Cabinet Committee on Economic Affairs’ (CCEA) decision to award coal and lignite blocks on revenue sharing […]
Coal India arm, Western Coalfields, opens three new coal mines
Coal India Subsidiary Western Coalfields Ltd (WCL) opened three new coal mines in Maharashtra and Madhya Pradesh on Saturday. These mine will have combined annual production capacity of 2.9 million tonnes (MT). The company will infuse total capital expenditure of ₹849 crores on these projects and generate direct employment for 647 people. Madhya Pradesh Chief […]
Most India coal plants may miss emission deadline, study ays
A majority of India’s coal-fired power stations may miss deadlines to curb toxic emissions, hurting efforts to curb air pollution, according to non-profit group Centre for Science and Environment. As much as 70% of the country’s coal-fired capacity is at risk of missing the 2022 deadline for capping emissions of sulfur di-oxide, the environment group, […]
India steps on the gas for coal mining
NEW DELHI: As part of India’ strategy to revive economic activity, the Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a new auction process for awarding coal and lignite blocks on revenue sharing basis. Earlier, blocks were awarded on a fixed payment per tonne basis which the government believed was impeding production. The new […]
Opinion | Precluding coal redux in iron ore mining
The high bid premiums quoted in recent auctions of iron ore mining leases in Karnataka and Odisha are at once a cause for cheer and caution. The states obviously have reason to cheer. With the bid premiums going up to 150% of the iron ore prices notified for Odisha by the Indian Bureau of Mines […]