State-owned NTPC Ltd on Tuesday reported an over two-fold jump in production of coal from its captive mines at 2.75 million metric tonnes in April 2023. “NTPC recorded 2.75 million metric tonnes (MMT) of coal production during the month of April 2023 as compared to 1.11 MMT recorded for the month of April 2022,” a […]
Category: Coal
Monsoon management plan in works to ensure coal at power plants
New Delhi: The coal ministry is working on a ‘monsoon management plan’ to ensure adequate availability of the fuel at power plants during the rainy season when both coal production and evacuation are impacted. Under the plan, coal companies will focus on evacuating coal through first-mile connectivity, deliver more from shallow areas, and develop cemented […]
India’s coal output rises 8.67 pc to record 73.02 mn tonnes in April
India’s coal production rose 8.67 per cent year-on-year to record 73.02 million tonnes in April this year. “India’s coal production has made a new record of the highest production during the month of April 2023, achieving 73.02 million tonnes (MT) of coal with a growth of 8.67 per cent as compared to 67.20 MT during […]
Gautam Adani’s brother steps down from 3 companies linked to Australia coal mine: Report
Gautam Adani’s older brother Vinod stepped down as director of three companies — Carmichael Rail and Port Singapore, Carmichael Rail Singapore and Abbot Point Terminal Expansion – connected to the family’s coal mines in Australia, in late February as pressure mounted on Adani group, a Bloomberg report said. He, however, remains on the board of […]
CIL’s Talcher contract workers strike results in 1-million-ton coal output loss
A four-day strike by contractual workers at Mahanadi Coalfields Ltd’s Talcher coal mines in Odisha, starting April 18, resulted in a loss of around 1 million tonnes of production and dispatch of coal to power plants at a time when electricity demand has risen on the back of soaring temperatures. Mahanadi Coalfields Ltd is one […]
‘NMDC plans to increase iron ore output by more than 21% this fiscal’
State-owned miner NMDC plans to produce 50 million tonnes of iron ore in the current financial year, a senior official told ET. The target implies growth of more than 21% from the 41. 22 million tonnes of iron ore produced by the company in fiscal 2022-23.
Mining Act tweak planned to push rare, critical mineral exploration
The government is planning to amend the Mines and Minerals (Development and Regulation) Act, 1957 to encourage exploration of deep-seated minerals such as gold, silver, copper and zinc. “The cabinet is likely to take up the amendment bill soon,” said a senior government official, who did not wish to be identified.
Coal India aims to supply 610 million tonnes coal to power sector in FY24, up 4% from last year
Coal India Ltd plans to supply a projected 610 million tonnes coal to meet the demand of power plants in the current financial year, 4% higher from FY23. The company’s production for FY24 is projected at 780 million tonnes. The company’s supply accounts for a little over 74% of the estimated requirement of domestic coal-based […]
Adani’s joint venture in talks for first dollar loan since Hindenburg report: Report
A joint venture of India’s Adani group is in talks with about half a dozen banks for a loan of about $220 million, which will be its first since short-seller Hindenburg released a damaging report on it this year, Bloomberg News reported on Tuesday. Data centre provider AdaniConneX, a joint venture with Virginia-based EdgeConneX, will […]
Sebi chief briefs SC panel on Adani-Hindenburg issue
Mumbai: India’s capital markets regulator on April 2 made a detailed presentation to the six-member committee set up by the Supreme Court following publication of the Hindenburg report on Adani Group on January 25, said people familiar with the matter. The New Delhi briefing to the panel by Securities and Exchange Board of India (Sebi) […]
India records historic growth in coal output at 892 MT in FY23, says Coal Minister Pralhad Joshi
India has recorded historic growth in its coal output at 892.21 million tonnes (MT) in 2022-23, Union Coal Minister Pralhad Joshi said on Saturday. At 892 MT, the country’s total coal production is 14.65 per cent higher from 778.21 MT produced in the 2021-22 fiscal, the minister said in a statement. “This is a historic […]
CCL registers record output at 76.09 MT in FY’23
Central Coalfields Limited (CCL), a Coal India subsidiary, has posted a record output of 76.09 million tonne (MT) in 2022-23 fiscal, registering 11 per cent growth over the previous fiscal’s production of 68.85 million tonne. The target for the fiscal, which ended on Friday, had been fixed at 76 mt. “This is for the first […]