Category: Coal

Mahanadi Coalfields Ltd (MCL) on Sunday said it will more than double production to 300 million tonne by 2026 with long-term planning and inclusion of new technology. “We are into a long-term planning to ensure that mining operations remain smooth to register cosistent growth. By 2025-26, the company is expected to achieve the 300 million […]

Reliance Power reported a loss of Rs 3,558.5 crore in the three months ending March 31, on a standalone basis, mainly on impairments worth more than Rs 4,000 crore recognised by the company on account of its stalled projects. However, the company believes that its operational performance remain sturdy with an EBITDA margin of 50%. […]

In its quest for coking coal assets, government-owned Coal India Ltd is looking at acquiring a mine in Australia and will soon appoint a merchant banker to handle the transaction. The PSU board, which will meet here on June 19, will finalise the terms of the Notice Inviting Tender (NIT). Currently, CIL is not able […]

Coal India on Thursday beat analyst estimates by reporting a whopping 362% year-on-year jump in its consolidated net profit to Rs 6,024.23 crore for the March quarter of FY19. For the entire year, the growth in profit was 148% to Rs 17,462.18 crore as against Rs 7,038.44 crore in the last fiscal. This has been […]

Indian energy giant Adani won a key approval from the Queensland state government of Australia on Friday to protect the endangered black-throated finch bird population as part of its crucial environmental plan at the site of its proposed billion dollar mine project. The victory for the Adani Group’s long-delayed mega coal mine project came days […]

India’s coal import increased by 13.4 per cent to 20.72 million tonnes in April compared to 18.27 million tonnes (MT) in the same last year, according to a report. Of the total imports during April 2019, non-coking coal or thermal coal shipments were at 15.08 MT, according to provisional data by mjunction services. Imports of […]

The process to obtain final approvals for energy giant Adani’s Carmichael coal mine in Australia will be settled within three weeks, the leader of the country’s Queensland state said on Friday as she sought to expedite the controversy-hit project. If given the green light, Adani could begin breaking ground at its Carmichael mine site within […]

How’s this for a study in contrasts: One of the world’s biggest coal miners effectively says the industry is dying just days after Australia’s opposition party suffered a shock election loss, partly blamed on its failure to unambiguously back a new coal mine. BHP Group Chief Financial Officer Peter Beavan told a strategy briefing on […]

Fitch Solutions Tuesday said India’s thermal coal output is projected to grow at an average annual rate of 4.3 per cent by 2028. “In absolute volume terms, China and India will have the largest impact on the global coal market balance,” Fitch Solutions Macro Research said in a report. It further said the surge in […]

A surprise election victory for Australia’s pro-coal ruling coalition may bode well for the Adani Group’s long-delayed mega coal mine project, with the Group’s country head saying the defeat of Labor Party in Queensland, where the project is based, is a clear message to get the project done. The opposition Labor Party leader Bill Shorten […]

The Central Electricity Regulatory Commission (CERC) has allowed power companies to claim compensation for the additional cost of coal procured from alternative sources due to Coal India’s failure to meet supply obligations. While such compensation facility was available for the FY14-FY17 period under a modified coal distribution policy, it has since ceased to be in […]

Coal despatches by state-owned Coal India Ltd (CIL) to the power sector rose marginally by 1 per cent to 40.7 million tonnes in April 2019 compared to 40.3 million tonnes in the year-ago month, according to official data. However, coal supply by Singareni Collieries Co Ltd (SCCL) declined by 2 per cent to 4.7 million […]