CBI arrests 7 ECL officials in coal scam

The CBI late on Wednesday arrested seven ECL officials, including one general manager and three former general managers, in connection with a multi-crore coal scam. The CBI started interrogating the present and former ECL officials at Nizam Palace in Calcutta on Wednesday morning. Sources said during interrogation, the CBI found irregularities and contradictions in the […]

UltraTech buys Russian coal

India’s biggest cement producer, UltraTech Cement, is importing a cargo of Russian coal and paying with Chinese yuan, according to an Indian customs document reviewed by Reuters, a rare payment method that traders say could become more common. UltraTech is bringing in 157,000 tonnes of coal from Russian producer SUEK that loaded on the bulk […]

More tenders for coal import

Coal India has followed up its short-term tender to import 2.4 million tonnes of coal with two more medium-term tenders of 3 million tonnes each on Friday to urgently shore up coal stocks at power plants. Unlike the short-term tender, these are not indent-based, but to keep coal on tap for immediate availability and use […]

CIL supply beats demand

Coal India on Wednesday said its average despatch to the thermal power plants at 1.69 million tonnes (mt) per day in May has been more than the average demand of 1.65 million tonnes per day from the generating companies. Total coal supply to the power plants was 52.4 mt in May with a year-on-year growth […]