Category: Coal

Coal India on Monday said there is a “strong case” for increasing coal prices “very soon” as discussions are already underway with stakeholders. “There is a strong case for increasing coal prices, as that has not happened in the last five-odd years. This year, the wage negotiation has taken place as well, which will have […]

NEW DELHI: Market regulator Securities and Exchange Board of India (SEBI) has undertaken an investigation with regard to the allegations made against Adani Group by Hindenburg Research, minister of state for finance, Pankaj Chaudhary said Monday in the Lok Sabha.

Coal India Limited (CIL) on Wednesday reported a robust growth in production of 619.7 million tonnes till February in the current financial year, representing a 14.3 per cent growth over the same period last year. This is also a 100 per cent achievement against the progressive target, and with a gain of 77.3 million tonnes, […]

Adani Enterprises (AEL) will review its plans to build a coal-to-polyvinyl chloride (PVC) plant in Mundra, Gujarat. The embattled group will also not make any significant bids for road projects. Further, it will also moderate certain accelerations budgeted in its earlier capex plans but will continue with the investment plans for its core infrastructure businesses.

State Bank of India (SBI) on Monday said the fresh pledge of shares of three Adani Group companies was on account of the requirement to top-up the collateral for its coal mine project in Australia. The lender also clarified that it has not issued fresh loans to the group for the pledged shares. “No additional […]

The country’s coal production increased by 12.94 per cent to 89.96 million tonnes in January 2023. The country’s coal output stood at 79.65 million tonnes (MT) in the corresponding month of the previous fiscal.

A “close confidant” of bureaucrat Saumya Chaurasia, two mining officers, and an alleged conman who impersonated as an ED officer are among the four people arrested by the Enforcement Directorate in the coal levy ‘scam’ of Chhattisgarh, an official statement said Saturday. The ED arrested the four under the anti-money laundering law and a special […]

State-owned Coal India Ltd (CIL) has issued the letter of acceptance for nine coal mining projects, having a production capacity of around 127 million tonnes, to be operationalised through engagement of mine developer and operators. Another six mining projects are at different stages of implementation. “The state-owned coal miner is tracking a total of 15 […]

The country’s coal output went up by 16.39 per cent to 607.97 million tonnes (MT) during the April-December period of the ongoing fiscal. India’s coal production was 522.34 MT in the corresponding period of previous fiscal. The coal production by state-owned Coal India — which accounts for over 80 per cent of domestic output of […]

CIL’s coal supply to the power sector rose 11 per cent to 432.7 million tonne in the April-December period of current financial year. In the year-ago period, the supply was 390.2 MT. The supply to the non-power sector last month was 10.5 MT due to increased output. Coal India Ltd’s output in April-December 2022-23 increased […]

Ease of Doing Business for MSMEs: Textile industry in Surat is seeing a tough time. Around 15 textile dyeing and printing mills have shut down due to their inability to survive high costs and short supply of lignite coal and imported coal as a result of the Russia-Ukraine war and lower production from Gujarat mines, […]

India imported 131.92 million tonne of coal worth Rs 2.3 lakh crore in April-September period of ongoing financial year. In FY22, the country’s coal import of 208.93 million tonne (MT) was worth Rs 2,28,741.8 crore, Coal Minister Pralhad Joshi said in a reply to the Rajya Sabha. The coal import was 215.25 MT in FY21, […]