State-owned CIL’s coal allocation under special-forwad e-auction for the power sector registered a 15-fold rise at 5.51 million tonnes (MT) in February 2020. Coal India Ltd (CIL) had allocated 0.38 MT of coal in February 2019, according to the latest monthly summary by the coal ministry for the Cabinet.
Category: Coal
Focus should be to improve self-reliance in mineral production: PM Modi
Prime Minister Narendra Modi on Thursday said special focus should be laid on improving country’s self-reliance in production of minerals and their in-country processing. In a meeting to discuss ways to boost the coal and mining sector, Modi also said that the mineral sector should benchmark its operations to international standards. “He also directed to […]
Power ministry asks plants to reduce coal imports
The Union power ministry has asked thermal power plants to reduce coal imports and use the fuel more from domestic suppliers as coal stocks are piling up at pitheads and power plants are already loaded with the fuel amid low electricity demand. In a letter to power producers written on Tuesday, the government has asked […]
Coal ministry’s 710 million tonne production target makes CIL stakeholders jittery
Coal India’s (CIL’s) target of producing 710 million tonne (MT) in FY21 seems unrealistic by a section of the stakeholders in view of the low demand under which the mining behemoth is reeling at the current point in time. CIL ended FY 20 producing 602 MT — 58 MT short of the target — and […]
Coal India Ltd extends deadline for EoI submission for rationalisation of coal linkages
Amid nationwide coronavirus lockdown, state-owned Coal India has extended the deadline for submission of expression of interest (EoI) from power generation companies (gencos) for rationalising coal linkages. The linkage rationalisation refers to transfer of coal supply source of a power plant from a far-end mine to the nearer one.
CIL raises trigger level to 80%, coaxes power plants to use more domestic fuel
Coal India Limited has increased the minimum assured commitment level of coal supply the trigger level – to its power sector consumers from the existing 75 per cent to 80 per cent to encourage power plants for using domestic dry fuel more, an official said on Monday. The move will help the miner push 14 […]
COVID-19 crisis: CIL increases trigger level to push lifting of domestic coal
In a bid to give some more relief to the power companies amid the COVID-19 pandemic, public-sector miner Coal India has decided to increase the supply trigger level from 75% to 80% of the annual contracted quantity (ACQ). A CIL official said the new trigger level is not binding on consumers and those willing to […]
Covid-19: CIL funds community kitchen, distributes 1.2 lakh food packets
State-owned Coal India has distributed 1.2 lakh cooked food packets as well as more than 50,000 packets of ration to the needy, besides donating funds to run a community kitchen amid the coronavirus lockdown. “Coal India (CIL) and its subsidiaries are working full throttle to combat the effects of Covid-19,” an official said.
Private power producers seek supply credit from Coal India
Facing extreme liquidity crunch, independent electricity generators are seeking supply credit from Coal India Ltd (CIL) for lifting the fuel from the pits to run power plants. In separate letters sent to the ministries of power, coal and the Prime Minister’s office, the Association of Power Producers has asked the government to direct CIL to […]
Analyst Corner: Coal India rating – ‘buy’; dispatches fell by 10.3% y-o-y in March
Coal India’s (COAL’s) dispatches fell by10.3% y-o-y to 53.5mt in Mar’20 due to a sharp fall in demand from the power sector. On the other hand, production was up 6.5% y-o-y at 84.4mt led by growth in its key subs (SECL: +22%; MCL+6%). For FY20, dispatches were down 4% y-o-y at 582mt, while production declined […]
Coal India relaxes payment norms to clear stocks
Hoping that power plants lift more coal from its pits, state-run Coal India (CIL) has relaxed payment norms for its customers. Customers, who had to clear payments to CIL by April 7, can now pay the company by April 21. To help cash-strapped power producers tackle liquidity crunch, CIL has also implemented new letter of […]
India’s power demand falls over 25 pc to 125.81 GW on April 2
India’s peak power demand slipped over 25 per cent to 125.81 GW on Thursday compared 168.32 GW on April 2 amid the lockdown to contain COVID-19 outbreak, showed power ministry data. In actual terms, the demand fell around 43 GW on Thursday compared to the same day a year ago. However, the data showed that […]