Category: Coal

India has stepped up the use of coal to generate electricity in a bid to stop outages caused by lower hydroelectricity output, and as an increase in renewables is struggling to keep pace with record power demand. It is unusual for India’s electricity use to spike in August, when temperatures are lower due to the […]

Coal India Ltd (CIL) on Friday posted a 13.2 per cent growth in its output at 52.3 million tonnes (MT) in August 2023 compared to 46.2 MT in the year-ago month. The supplies rose to 59 MT in August 2023 from 51.2 MT in the same month last fiscal, registering a rise of 15.3 per […]

Tata Steel Ltd., India’s second-largest steel producer, is upbeat on prices as Chinese steel exports decline. Chief Executive Officer TV Narendran spoke to Bloomberg News in an interview on the sidelines of the B20 Summit in New Delhi. Demand in India remains strong, though Europe will take until next year to pick up, Narendran said. […]

In a major diversification plan, Coal India Limited (CIL) and its subsidiaries are planning to set up pump storage projects (PSP) on huge tracts of decoaled (closed mines) lands at their disposal. According to highly placed sources, the plan to set up such projects in the first phase will be finalised in a month’s time, […]

A tragic coal mine explosion in northern China’s Shaanxi province has claimed the lives of 11 individuals, shedding light on the nation’s ongoing reliance on coal as an energy source. The blast occurred on the outskirts of the historic city of Yan’an, an area deeply rooted in mining activities. The incident unfolded on Monday evening, […]

Kolkata: Coal India Limited (CIL) Chairman and Managing Director P M Prasad on Wednesday said that sufficient coal stock is available in the country and the company is ready to meet any sudden increase in demand. Prasad told shareholders at the 49th AGM that the company is working on a number of initiatives to increase […]

New Delhi: It is not true that India is not reducing coal-based power generation capacity in the energy mix, a senor government official said, adding that the country is targeting over 64 per cent of non-fossil fuel-based capacity by 2030. India has set the target of having 500GW of renewable energy by 2030. Coal-based power […]

Coal India Limited (CIL) chairman PM Prasad on Sunday said they are contemplating a policy to provide financial assistance to future mountaineers. Prasad was addressing the inaugural session of ‘Everest Summit’ through video conferencing from Kolkata. The event was organised at the convention centre of Central Coalfields Limited (CCL), Ranchi, to celebrate the 70th anniversary […]

JSW Steel Ltd. is looking to form a consortium to bid for a majority stake in Teck Resources Ltd.’s steelmaking coal business, people with knowledge of the matter said, potentially rivalling an $8 billion offer from commodities giant Glencore Plc. Mumbai-based JSW is seeking partners for an offer to acquire a 75% interest in the […]

Coal India Ltd’s capital expenditure rose 8.5 per cent during April-July this fiscal to Rs 4,700 crore as it continued to invest heavily in evacuation infrastructure, land, and mining machinery, officials said. The capex spend during the first four months of the current fiscal year that started in April, was almost 100 per cent of […]

India’s total coal imports fell 1.82 per cent to 68.30 million tonne in April-June period of ongoing financial year, according to a report. The import was at 69.57 MT in the same period a year ago, mjunction said in its latest report. The import included non-coking coal, coking coal, anthracite coal, pulverised coal injection (PCI) […]

The Directorate of Enforcement (ED) has seized the entire shares held by the estate of Goa-based businessman, the late Anil Salgaocar, in 33 companies over alleged foreign exchange violation in connection with assets held by Salgaocar outside India. “…by acquiring foreign exchange and holding assets outside India, late Anil Salgaocar contravened the provisions of section […]