Category: Coal

Kolkata: Mining major Coal India Ltd NSE -0.19 % will likely undergo a reform in marketing and sales next year, a top government official said on Wednesday. The exercise, among other improvements, will aim at doing away with multiple types of auctions of the dry fuel. “I will not say coal reforms are over. Coal […]

Kolkata: Jindal Steel NSE 1.24 % and Power Ltd Chairman Naveen Jindal on Wednesday said the Union government should not “hoard” mines and create artificial scarcity, putting up only a few blocks for auction. He said India being a very competitive market, such scarcity leads to intense bidding and unsustainable valuation. “Government has taken care […]

NEW DELHI: State-owned CIL’s coal allocation to the power sector under special e-auction registered a 27.7 per cent rise to 16.48 million tonnes (MT) in the April-October 2020 period. Coal India Ltd NSE 1.86 % (CIL) had allocated 12.90 MT of coal to the sector in the year-ago period, according to government data. The coal […]

NEW DELHI: India’s coal import saw a drop of 18.6 per cent to 116.81 million tonnes (MT) during April-October this fiscal as against the same period a year ago. India had imported 143.63 MT of coal during the corresponding period of FY 2019-20, according to a provisional compilation by mjunction services, based on monitoring of […]

The despatch of coal by CIL to the power sector declined 6.6 per cent to 236.97 million tonne (MT) in April-October period of the ongoing fiscal. The state-owned company had supplied 253.76 MT of coal to the power sector in the corresponding period of the previous fiscal, according to government data. The fuel supply by […]

New Delhi: State-owned CIL NSE -1.64 % on Wednesday said overall offtake of coal increased by 8 per cent to 51.3 million tonnes last month, spurred by increased demand for the dry fuel from non-power sectors. The supply by Coal India NSE 1.35 % (CIL) to non-power sectors was up by a robust 46 per […]

The writing is on the wall. A few days back, Coal India NSE 0.40 % Limited (CIL), the world’s biggest coal producer and India’s largest CO2 emitter, announced its plans to become a ‘net-zero energy company’ by 2023-24. The company plans to install 3,000 MW of solar power to meet all its electricity demand, which […]

BEIJING: China has found many Australian coal imports failed to meet environmental standards, a spokesman from the foreign ministry said on Wednesday, responding to a question about dozens of Australian coal shipments waiting to unload outside Chinese ports. Zhao Lijian told a daily media briefing the country had also strengthened inspections of coal imports.

Coal India (CIL) is poised to set up 14 rooftop and ground-mounted solar power projects with a total capacity of 3,000 MW by FY24. This would entail an investment of around Rs 5,650 crore, with Rs 3,650 crore to come from CIL’s capex and the rest through joint venture initiatives. CIL and Neyvelli Lignite Corporation […]

MUMBAI: Amid a strong demand recovery in mining and construction equipment industry since late June 2020, rating agency ICRA has estimated that the Industry’s volumes to grow by 20% in 2021, and has revised the volume decline during 2020 to be at 12-14% from 15-20% predicted earlier. “The ratings agency in May 2020 had estimated […]

CHENNAI: Coal India Ltd NSE 0.69 %, the world’s largest coal miner, said on Monday it would invest Rs 5,650 crore ($763 million) by March 2024 to build 14 solar projects to help power its mining operations and cut costs. The state-run company will fund nearly two-thirds of its plan to construct rooftop and ground-mounted […]

NEW DELHI: The Centre is keen on finding a solution to the Goa mining issue as it is the core economic activity of the state, Union Mines Minister Pralhad Joshi said. Mining operations in Goa came to a grinding halt in March 2018 after the Supreme Court quashed 88 mining leases. “Goa has given some […]