Industry body Association of Power Producers (APP) has urged the Finance Ministry to provide relief from double taxation on imported coal for the dry fuel-starved electricity generating firms. APP has shot off a letter to Revenue Secretary Ajay Bhushan Pandey seeking removal of Good and Services Tax (GST) on import freight for coal. Power producers’ […]
Category: Coal
Adani sees India coal imports at record as robust demand endures
India’s thermal coal purchases are expected to surge to a record this year and remain robust through the next decade as domestic supply lags demand, according to the country’s largest importer. Overseas shipments will climb almost 11% to 184 million metric tons during the financial year started April 1, and rise further to average about […]
Chotia coal block output to reach one MTPA in near term: Vedanta
Mining giant Vedanta Ltd has said that coal output from the mine located in Chhattisgarh will be increased to one million tonnes per annum as it looks to secure 90 per cent of its requirement from linkage and captive block. Bharat Aluminium (Balco), part of Anil Agarwal-led Vedanta Ltd, had bagged Chotia block during the […]
Coal India April output rises 1% to 45.29 million tonne
Coal India Ltd (CIL) Wednesday said its coal production in April 2019 rose by 1 per cent to 45.29 million tonne as compared with 44.86 million tonne year ago. Coal offtake during April rose 2.6 per cent to 52.35 million tonne as compared with 51.02 million tonne in the year-ago period, CIL said in a […]
Coal allocation by CIL to power sector drops 6 per cent in FY19
State-owned CIL allocated 27.14 million tonne coal to the power sector under special forward e-auction mechanism last fiscal, registering a decline of six per cent from the previous year. According to the latest monthly report by the coal ministry prepared for the Cabinet, Coal India (CIL) allocated 28.93 MT of the dry fuel to the […]
CIL shuts underground mining with Centre push to convert all mines profitable
The Centre’s push to convert all Coal India Ltd (CIL) mines as profit-making mines has resulted in the closure of underground mines across subsidiaries since underground operations are not cost-effective. The government has opted for low-cost operation to keep margins at ease and except for Eastern Coalfields Ltd (ECL), underground coal production has witnessed a […]
Tata Power to focus on clean energy, won’t build new coal-fired plants: Report
Private power producer Tata Power will lead the nation’s renewable energy transition with gradual withdrawal from building new coal fired power plants, a report said. The country’s largest private integrated power company has recently made it clear that it will cease to build new coal-fired power capacity, according to ‘Tata Power: Renewables to Power Growth’ […]
Illegal coal mining slows amid strict vigil during Lok Sabha polls
Illegal coal mining has slowed down in the belts of Eastern Coalfields (ECL), with seizures taking place all over India to curb illegal election fundings. ECL is one of the country’s hottest beds for illegal coal mining which take place despite strict vigilance of Coal India (CIL) and the Central Industrial Security Force ( CISF) […]
JSPL refutes allegations of not disclosing info on Australian mines to investors
Jindal Steel and Power (JSPL) on Tuesday refuted charges made by Arun Kumar Jagatramka, the erstwhile promoter of Gujarat NRE Coke, in a letter to the Securities and Exchange Board of India (Sebi) that JSPL is not reporting hurdles faced by it in the Russelvale and Wongawilli mines in New South Wales, Australia. JSPL informed […]
Adani urges Australian government to give ‘fair go’ for coal mine project
Indian energy giant Adani has urged the Australian government to give its controversial coal mine project “a fair go” and indicated that the opposition party would not derail the proposed billion dollar project if it comes to power. Gautam Adani-led Adani Group entered Australia in 2010 with the purchase of the greenfield Carmichael coal mine […]
Lower coal prices could help loss-making state electricity boards
Virtually every village in the country today is electrified but the irony of the situation is there isn’t enough affordable power to go round. The amount of power consumed in 2018-19 is estimated at just roughly 4% more than that in 2017-18. Plagued by losses, the distribution companies (discoms) are unable to procure enough power […]
Adani wins government’s approval for groundwater management plans for Australia coal mine
Indian energy giant Adani has taken a step closer to the construction of its controversial coal mine in Australia after the federal government gave a green light to the billion dollar project’s groundwater management plans. Adani group entered Australia in 2010 with the purchase of the greenfield Carmichael coal mine in the Galilee Basin in […]