The Cabinet Committee on Economic Affairs on Thursday approved equity investments totalling ₹5,607 crore by Coal India subsidiaries-South Eastern Coalfields Ltd (SECL) and Mahanadi Coalfields Ltd(MCL)-for setting up two thermal power plants of 2,260 MW capacity. The approval bears a possible variation of 20% in the equity investment.
Category: Coal
Cabinet approves Coal India power projects through JVs
The Cabinet on Thursday approved setting up of two pithead thermal power plants through joint ventures by subsidiaries South Eastern Coalfields (SECL) and Mahanadi Coalfields (MCL) aimed at providing cheaper power. The Cabinet Committee on Economic Affairs (CCEA) chaired by Narendra Modi approved proposals to set up a 1×660 MW thermal power plant at Amarkantak […]
Reliance seeks minimum USD 10 for coal-seam gas
Reliance Industries Ltd is seeking a minimum USD 10 rate for the gas it plans to produce from coal seams, as it altered its pricing formula to reflect the changed energy scenario. Reliance has sought bids from users for 0.90 million standard cubic meters per day of gas it will produce from coal-bed methane (CBM) […]
India plans to double its coal production, but it ignores climate threat
As climate diplomats at COP28 in Dubai debated an agreement to transition away from fossil fuels last December, India was facing another energy conundrum: It needed to build more power capacity, fast. “To meet growing demand,” the Indian government said on Dec. 11 it expects to roughly double coal production, reaching 1.5 billion tons by […]
Govt reviews status of commercial, captive coal mines; urges allottees to increase production
New Delhi: The coal ministry on Thursday reviewed the status of commercial and captive coal blocks that have already started production as well as those which are expected to commence production. During a high level meeting to review the status of ‘producing and expected to produce’ captive and commercial coal mines, Additional Secretary at the […]
Coal scam: CBI closes case pertaining to 1998 allotment of Kilhoni block
After a nearly four-year probe, the CBI has filed a closure report in a case related to alleged irregularities in the allotment of Kilhoni coal block in Maharashtra to Nippon Denro Ispat Limited in 1998, officials said on Tuesday. The agency had started the preliminary enquiry on the directions of the Central Vigilance Commission in […]
Coal India can sustain hot run on higher volumes, lower costs
Mumbai: Coal India could remain an investor favourite in 2024 as experts see room for further upside in its shares, which clocked their best yearly gains of over 67% in 2023. The stock, which posted net positive returns for the third year in a row in 2023, is at the highest level in eight years. […]
India’s coal output rises nearly 11 pc in Dec to 92.87 MT
NEW DELHI: India’s coal production increased by 10.75 per cent to 92.87 million tonne in December 2023 as compared to the year-ago period, an official statement said on Tuesday. The country’s coal output was 83.86 MT in December 2022. “The coal sector has witnessed an unprecedented upswing, with production, dispatch and stock levels soaring to […]
Coal India’s supply to non-regulated sector rises 31% in Apr-Dec period
New Delhi, State-owned CIL on Tuesday said its supplies to the non-regulated sector rose 31 per cent to 98 Million Tonnes (MT) in the April-December period of the current fiscal. Coal India Ltd (CIL) supplied 75 MT fuel in the corresponding period of the previous fiscal. “Even as CIL supplies to the country’s power sector […]
Coal India’s supply to non-regulated sector rises 31%
State-owned Coal India Ltd (CIL) on Tuesday said its supplies to the non-regulated sector rose 31% to 98 million tonnes (mt) in the April-December period of the current fiscal. Coal India Ltd (CIL) supplied 75 mt fuel in the corresponding period of the previous fiscal. “Even as CIL supplies to the country’s power sector exceeded […]
As many as 76 mineral blocks auctioned in 2023: Govt
The government on Friday said that as many as 76 mineral blocks have been auctioned in the current year. Of the 76 mineral blocks, 30 mineral blocks were auctioned for mining lease and the remaining 46 were sold as a composite licence. Mining lease means a lease granted for the purpose of undertaking mining operations, […]
Mines ministry identifies some offshore blocks for exploration
The mines ministry on Thursday said it has identified some offshore blocks for granting operational rights and has sought inputs from the departments concerned to ensure there is no overlapping with other projects. In August, the government amended the Offshore Areas Mineral (Development & Regulation) Act (OAMDR) and introduced a transparent and non-discretionary auction process […]