New Delhi: The supply of coal by state-owned Coal India NSE 0.17 % Ltd (CIL NSE 4.96 %) to the power sector dropped by 10 per cent to 197.89 million tonnes (MT) in the first half of the ongoing fiscal. Coal India had supplied 219.85 MT of coal in the April-September period of the previous […]
Category: Coal
SECL plans 8 projects worth Rs 3,100 crore for improving coal evacuation
New Delhi: Coal India-arm SECL is executing eight ‘first mile connectivity’ projects with an estimated capital outlay of Rs 3,100 crore to evacuate dry fuel, especially incremental production under the proposed plan to scale up the maharatna firm’s output to 1 billion tonnes. The move will also help power plants at farther most locations in […]
Thermal, coking coal imports at major ports dip 25 per cent to 55 MT in Apr-Sept: IPA
New Delhi: Disruptions caused by the COVID-19 pandemic continued to impact cargo movement in India, with thermal and coking coal imports at 12 major ports falling 25.13 per cent year-on-year to 55.41 million tonnes (MT) in April-September, according to the apex ports’ body IPA. Coal volumes at the 12 major ports declined for the sixth […]
Coal India Limited declares Rs 68,000 performance-linked reward for its employees
NEW DELHI: Coal India Ltd NSE 0.68 % (CIL) declared a performance-linked reward of Rs 68,500 per employee to all non-executive cadre workforce for the year 2019-20, estimated to cause financial impact of over Rs 1,700 crore to the company. The reward is linked to attendance of the workforce during the year and the payment […]
Coal minister wants Coal India units to set prices independently
CHENNAI: India’s Coal Minister Pralhad Joshi said on Wednesday the units of Coal India NSE 0.86 % Ltd should be allowed to independently set fuel prices in a bid to increase competition and reduce the price of coal in the country. State-run Coal India, the world’s largest coal mining company by output, has seven units […]
Government launches website to support research and development in coal sector
NEW DELHI: The government on Friday announced the launch of a website for entities involved in research and development (R&D) in the coal sector. The website, which has been designed and developed by Coal India subsidiary Central Mine Planning and Design Institute, was launched by Coal Secretary Anil Kumar Jain.
Commercial mining: Auction of coal blocks may generate Rs 20,000 crore revenue per year
New Delhi: The auction of coal blocks for commercial mining may lead to total revenue generation of around Rs 20,000 crore per year, a coal ministry official said. The process for auction of 38 coal blocks for commercial mining is underway. “The total revenue for one year is expected to be around Rs 20,000 crore […]
India sends Oil Minister Pradhan to Kuwait to offer condolences on demise of former Emir
New Delhi: Reflecting the importance it places on ties with oil-rich Kuwait, India on Sunday dispatched Petroleum Minister Dharmendra Pradhan to offer condolences to the leadership of the Gulf nation on the passing away of its former Emir Sheikh Sabah Al-Ahmed Al-Jaber Al-Sabah. Pradhan is carrying letters from President Ram Nath Kovind and Prime Minister […]
Activists protest at Adani Mining’s Australia site against water plan
Adani Group’s mining arm in Australian continues to face protests even after the group has claimed that it has met the job commitments for the project. Early Thursday, a group of activists staged a protest at Adani’s Carmichael coal project’s rail corridor challenging the water use plan of the project that entails pumping water from […]
CIL capex utilisation at Rs 5,023 crore in first half of FY21
NEW DELHI: State-owned Coal India NSE -1.33 % on Tuesday said its capital expenditure was at Rs 5,023 crore in the first six months of 2020-21 financial year. The capex utilisation in April-September was at an all-time high of 118 per cent in the first half of any fiscal, the PSU said in a statement. […]
Piyush Goyal meets top guns of coal, power sectors to ensure consolidation of railways’ coal business
NEW DELHI: Railway minister Piyush Goyal met with stakeholders from coal and power sectors on Monday to discuss issues pertaining to transportation of coal through rail, which accounts for almost 50% of the national transporter’s freight basket. The meeting was held to ensure consolidation of the railways’ coal business and discuss ways and means to […]
CIL’s coal allocation to power sector under e-auction rises 8% in April-August
NEW DELHI: CIL’s coal allocation under special forward e-auction for the power sector registered a rise of 8.4 per cent to 7.94 million tonnes (MT) in April-August period of the ongoing fiscal. The state-owned company had allocated 7.32 MT of dry fuel in the corresponding period of the previous fiscal year, according to the monthly […]