The total coal production in the country rose by 18.6% to 78.65 million tonne in the month of October from 66.32 MT in the corresponding month last year, according to data from the ministry of coal. During the period April to October, the production shot up by 13% to 507.02 MT, significantly up from 448.49 […]
Category: Coal
NTPC produces 19 MT coal from captive mines in Apr-Oct; supply at 20 MT
NTPC has produced 19.117 million tonnes (MT) of coal from its captive mines during the April-October period of the ongoing fiscal, a year-on-year rise of 86 per cent. It had produced 10.282 MT in the nine-month period of the preceding 2022-23 financial year, the company said in a statement on Thursday. In addition, NTPC has […]
A delicate balancing act: Phasing out coal is important and needs to be done, but domestic conditions that confront India can’t be ignored
There are less than 40 days to go until the Conference of Parties (COP28). This also marks the halfway point for nations to achieve their self-determined emission reduction goals by 2030 and to limit global warming to below 2°C as part of the Paris Agreement signed at COP21.While most countries agree on the need to […]
Coal ministry asks Department of Financial Services for classifying coal under infrastructure sector
The coal ministry on Saturday said it has requested the Department of Financial Services (DFS) to consider classifying coal under infrastructure sector, a move which will ensure financing of commercial coal mines. This reclassification would allow banks and financial institutions to formulate policies more effectively to meet the increasing requirements of the coal sector in […]
Mandatory imported-coal blending extended till FY24-end
The government on Wednesday extended mandatory blending of imported coal with domestic fuel for power gencos till the end of the current financial year, in an attempt to ensure uninterrupted power supply across the country. It also extended the emergency clause or Section 11 of the Electricity Act 2003 which mandates imported coal-based power plants […]
Coal dispatch may exceed one billion tonnes this fiscal: Coal ministry
The coal ministry on Thursday said the dispatch of coal is likely to exceed one billion tonnes in the current financial year. The coal ministry has set a target to produce and dispatch 1,012 million tonnes (MT) of coal to consumers during the ongoing fiscal. “During the second half of the year, the rate of […]
Supplies to thermal power plants higher than last year: Coal India
State-run miner Coal India on Monday said its supplies to thermal power plants shot up close to 6% year-on-year to 23.5 million tonnes (MT) during the first fortnight of October, ahead of the festive season. Comparatively, the supplies to the power plants stood at 22.2 MT in the same period of October 2022. “The growth […]
Ahead of festive season, Coal India’s fuel supply to thermal power plants rises 6% in October
State-owned Coal India on Monday said its supply of fossil fuel to the country’s coal-fired electricity generating units increased by six per cent to 23.5 million tonnes in the first half of October, ahead of the festive season. The supply was increased amid a sudden rise in power demand even as unseasonal rains hit the […]
Impending energy crisis brings coal back into play
India’s pledge to become carbon-neutral by 2070 and its national energy plan seem to fall further apart. The latest National Electricity Plan (NEP) envisages the installed capacity of coal-based thermal power to rise by 23% from the current level by 2022-23. However, it is becoming increasingly clear that an even higher reliance on the “dirty […]
Trade unions call for 3-day strike in Coal India over wages
State-run miner Coal India (CIL) on Wednesday said central trade unions, including the Bharatiya Mazdoor Sangh (BMS), have called for a three-day strike from October 5 over issues pertaining to wage payment. “CIL is in receipt of a joint strike notice from central trade unions —BMS/INTUC/HMS/AITUC/CITU for observing three-day strike from October 5 to 7 […]
Coal India to invest Rs 24k cr in 61 projects
State-run miner Coal India has planned capital investment of around Rs 24,750 crore in the next few years into 61 first-mile connectivity (FMC) projects in a push towards eco-friendly coal transportation. When completed, these projects, to come up in three phases, will have a combined capacity of 763.5 million tonne per annum (MTPA). “FMC projects […]
Coal India maintains earnings momentum; operating leverage gains amid lower e-auction premiums
Coal India’s (CIL) operating performance in August 2023 was robust, with several key highlights: (i) Production and sales volumes have maintained their highest-ever levels for the fifth consecutive month in FY24 (ii) The revival of volume at SECL has counterbalanced the flat volumes from MCL. (iii) The typical volume dip in Q2 is considerably lower […]