Even after the country adds 80 GW of thermal capacity by 2030, the share of coal-based power in installed capacity will come down to 23% by then from 68% in 2014, the Union Power Minister, R K Singh said on Thursday, while talking about the final deal adopted at the recently concluded COP28 summit. “The […]
Category: Coal
Coal secy asks successful bidders of blocks to fast-track operationalisation of blocks
Coal Secretary Amrit Lal Meena on Thursday asked successful bidders to fast-track operationalisation of coal blocks. The secretary further assured the bidders of full support of the Centre in getting the necessary clearances. “Amrit Lal Meena congratulated all the successful bidders and urged them to expedite the coal block operationalisation,” the coal ministry said in […]
COP28 deal leaves room for India’s short-term coal capacity plan
Even as the hotly negotiated COP28 deal requires accelerated efforts among countries towards the “phase-down of unabated coal power,” it leaves room for India’s contingency plan to add more coal-based capacity than envisaged earlier in the short to medium term, to avert an energy crisis in the fast-growing economy. This is because the final document […]
Coal India’s April-November capex at Rs 10,492 crore, up 7.6% on-year; aims to achieve 80% of FY24 capex by December
Coal India (CIL) on Tuesday announced that its capital expenditure increased by Rs 741 crore in eight months ending November FY24 to Rs 10,492 crore. This is 7.6 per cent higher in comparison to Rs 9,751 crore during the corresponding period last year, it said in a regulatory filing. “We are striving to achieve around […]
India’s coal imports drop over 4 per cent to 148 million in Apr-Oct period
India’s coal imports dropped 4.2 per cent to 148.13 Million Tonnes (MT) in the April-October period of the ongoing financial year. The country’s coal imports were 154.72 MT in the corresponding period of the previous fiscal. During the April-October period, non-coking coal imports were 94.53 MT, lower than 104.41 MT imported during the same period […]
No immediate hike in domestic coal prices despite global spiral
Coal India Ltd is not looking to revise prices of coal as of now despite a widening of the gap between the domestic and international prices of the fuel, an official source told FE. The state-run company’s decision to refrain from seeking higher margins at this juncture augurs well for the power sector and consumers […]
Coal industry registers 16-month high growth in October
Coal industry showcased a 16-month high growth of 18.4% at 172.6 points in October compared with 145.8 points in the same period a year ago on the back of rise in production of coal, according to the Index of eight core Industries (ICI) released by the commerce ministry. The cumulative index till October rose by […]
No royalty revision rates until mines operationalised
The ministry of mines is not looking to revise rates of royalty for minerals until the auctioned mines come into production stage, the Minister Coal, Mines and Parliamentary Affairs Pralhad Joshi said. “As most of the auctioned mines are yet to come into production stage, the impact of the present royalty rates on the downstream […]
CIL initiates actions to fulfil all resources required to achieve 1 billion tonnes annual production target
State-owned CIL has already begun actions to fulfil all resources needed to achieve one billion tonnes of annual production target, Parliament was informed on Monday. In reply to a question in the Rajya Sabha, Coal and Mines Minister Pralhad Joshi said that Coal India (CIL) is expected to achieve the production of one billion tonnes […]
Coal output from captive, commercial mines rises 37 per cent to 11.9 MT in Nov
The government on Saturday said coal production from captive, commercial coal mines registered a 37 per cent rise to 11.94 Million Tonnes (MT) in November. The coal output from captive, commercial coal mines was at 8.74 MT in November 2022-23. Coal dispatch from captive, commercial coal mines in November was at 12.92 MT, registering a […]
CIL’s coal dispatches via railways up 14% in October
Coal India registered an increase of 13.6% in its coal dispatches through Railways by transporting 31.48 million tonne of coal in October, as per the data provided by the coal ministry. The offtake was up by 7.2% from September. The share of coal transportation through roadways and MGR (Merry-go-Round) remained low at 20.82 million tonne […]
Rising cost of imported coal may impact power tariffs
Global coal prices, which were trading at a lower range in the first half of the current financial year, are likely to see a spurt in the second half, likely having an impact on domestic e-auction prices of the fuel as well. However, Coal India may still not revise the prices up through the year, […]