Category: Coal

Coal India Ltd’s (CIL) e-auction has been low this fiscal with the public sector coal miner having to step up supplies to the power sector, which witnessed 6.96% increase year-on-year. CIL didn’t hold any e-auction during October-November, which left the non-regulated sector starving for coal. But, the e-auctions from December fetched high premium for CIL […]

Along with breaching the 600 MT production level for the first time, it also created a number of records in March since its inception in 1975. CIL produced 607 MT of the fuel in FY19, recording an annual growth of 7%. The production target for the fiscal was set at 610 MT. The world’s largest […]

The South Eastern Coalfields Ltd (SECL) has become the first company in the country to have crossed coal production figure of 150 million tonnes in a financial year. The SECL achieved the record during the 2018-19 fiscal and crossed the 150 million tonnes mark on March 20, a company official said. “In the wake of […]

To make thermal power stations more flexible to accommodate renewable energy, tariffs of coal-based electricity may be raised by as much as Rs 0.45/unit, depending on the quantum of green energy being generated by solar and wind plants. The tariff rise is about 13% of the average all-India price at which states procured non-renewable power […]

Coal India on Thursday declared second interim dividend for FY19 at Rs 5.85 per share. The date of payment of dividend is on and from March 29 this year, the state-run company said in a regulatory filing. “The Board of Directors in its meeting on-Thursday, the l4th March, 2019 had approved payment of 2nd Interim […]

Industry lobby CII Sunday released a ‘Suggested Election Manifesto’ for political parties to achieve an average growth rate of 8 per cent per annum in the next five years. The manifesto by the CII provides an economic roadmap for the upcoming government, the industry body said in a release. India faces its next general election […]

Coal India’s (CIL) shipments rose 3% y-o-y to 51.5mt in February, 2019. Key highlights: (i) shipments of large subsidiaries—MCL and SECL—rose 2% and 4%, respectively; (ii) production grew 6.5% y-o-y to 58.1mt led by MCL and SECL; and (iii) pit-head inventory estimated at 35mt as of February end leading to improved coal availability. Going ahead, […]

National miner Coal India needs to ramp up its output by at least 8 percent from the present levels if the group of ministers’ (GoM) recommendations on allowing domestic coal linkage for short-term PPAs are to be met, says a report. The Cabinet Committee on Economic Affairs had Thursday approved the GoM recommendations on stressed […]

he Union Cabinet Thursday approved recommendations of a group of ministers (GoM) relating to stressed power projects including grant of coal linkage for short-term power purchase agreements (PPAs). The decision was taken by Cabinet Committee on Economic Affairs (CCEA). Briefing reporters, Finance Minister Arun Jaitley said the recommendations approved include grant of coal linkage for […]

Coal India’s shipments rose 3% year-on-year to 51.5 MT in February 2019. Key highlights: 1) shipments of large subsidiaries — MCL and SECL — rose 2% and 4%, respectively; 2) production grew 6.5% y-o-y to 58.1 MT led by MCL and SECL; and 3) pit-head inventory estimated at 35 MT as at February end, leading […]

Railway and coal minister Piyush Goyal said on Friday that the country’s coal imports would have been 1.5 times higher than current volumes if Coal India (CIL) had not increased its production rate. Commercial coal mining, which was approved by the Cabinet in February, 2018 will also reduce import dependency and bring energy security through […]

Amidst moves to revive stressed thermal assets of 45,000-MW capacity, what has slipped under the radar is the need for coal linkages if the projects are to be made viable. For, it is estimated that, operating at 70% PLF, these plants would annually require in excess of 125 million tonne of coal, with a possible […]