Category: Coal

State-run miner Coal India (CIL), which is primarily focused on supplying coal to the power sector, is now reorienting its marketing to create demand amid concerns over fall in despatches. The company is primarily tapping domestic coal based power plants and non power consumers which import coal. CIL so long didn’t have to think of […]

The ministry of mines has started a consultation process with other ministries on key reform proposals including introduction of seamless exploration-cum-mining-cum-production regime and doing away with the distinction between captive and non-captive mines before the cabinet for its approval. “We are in discussion with other ministries. Once that is done, we will take them before […]

Sectors expected to lead the job market in the third quarter (July-August-September 2020) of the current calendar year are mining & construction, finance, insurance and real estate, a survey of employers released on Tuesday said. Those showing weakest trend are manufacturing and services, said the employment outlook survey of 695 employers across India by ManpowerGroup, […]

Coal India has asked the non-regulated sector (NRS) consumers, who import coal for blending purpose or direct use, to meet their fuel requirement domestically through its e-auction schemes to decrease foreign exchange costs. The development assumes significance as Coal India (CIL), which accounts for over 80 per cent of the domestic fuel output at present, […]

PSU miner Coal India (CIL) has now limited mining only to Over Burden Removal (OBR) with falling demand of coal. The mining behemoth is now keeping seams exposed removing the top soil so that coal can be extracted as soon as the demand picks up. OBR is an integral part of coal mining and the […]

Great Eastern Energy Corp (GEECL), which produces coal bed methane (CBM) gas in West Bengal, reported a 29.6% year-on-year (y-o-y) fall in its net profit to $6.99 million in FY20, as it sold lesser volumes of gas at a lower prices in the fiscal compared to FY19. The company, listed on the London Stock Exchange, […]

We attended Coal India’s (CIL’s) management call on business update and got better clarity on the volume ramp-up and cash utilisation aspects of the company. Key takeaways: (i) Dividend payout likely to remain constrained in the near term; (ii) CIL is gearing up to ramp up production when demand revives; and (iii) import substitution remains […]

Amid coronavirus lockdown, rural India is getting powered by mini grid services and not thermal power stations for electricity supply and more people are finding it a reliable solution to their energy needs. 90% of the respondents in a survey conducted by Smart Power India (SPI), a subsidiary of the Rockefeller Foundation, said that they […]

State-owned Coal India’s fuel allocation under the exclusive e-auction scheme for the non-power sector rose over three-folds to 3.91 million tonnes (MT) in April. Coal India Ltd (CIL) had allocated 1.20 MT of dry fuel to the sector under the scheme in April 2019, as per latest government data.

The supply of coal to the power sector by state-owned Coal India has dropped 22 per cent to 31.95 million tonnes in April amid slump in the fuel demand in the country on account of COVID-19-induced lockdown. Coal India (CIL) had supplied 40.90 million tonnes (MT) of April, 2019, coal ministry said in a report.

Coal India’s consultancy arm CMPDIL has been roped in by NTPC to make separate mining plans for Banai and Bhalumuda coal mines in Chhattisgarh with an aim to maximise the extractable reserves by merging operations of the two mines. The coal ministry had recently asked NTPC to prepare separate mining plans for both the blocks, […]

The Delhi High Court Friday declined to stay the conviction of former Jharkhand chief minister Madhu Koda in a coal scam saying it will not be apt to facilitate him to contest polls for any public office, till he is finally acquitted. Justice Vibhu Bakhru said the wider opinion was that persons charged with crimes […]