NEW DELHI: India will be the main engine of global coal demand growth through 2026, even as global consumption is estimated to top 8.5 billion tonne for the first time in 2023, the International Energy Agency said on Friday, days after the COP28 climate declaration called for driving out all fossil fuels. The IEA coal […]
Category: Coal
Transition away from coal not happening in the near future: Govt
NEW DELHI: The transition away from coal is not happening in India in the foreseeable future, Parliament was informed on Monday. Although India is pushing for renewable, non-fossil-based energy, but the share of coal in the energy basket is going to remain significant in the years ahead to ensure affordable energy availability, coal and mines […]
New coal-fired power plants may see easier lending norms
NEW DELHI: The government is looking at easing lending norms for new coal-fired power stations as it doubles down on the most-polluting fuel to meet a sharp uptick in electricity demand, amid reports that France and the US are preparing to propose a ban on private funding for coal at the forthcoming COP-28 climate meet. […]
Government mulls easier lending norms for new coal-fired power plants
NEW DELHI: The government is looking at easing lending norms for new coal-fired power stations as it doubles down on the most-polluting fuel to meet a sharp uptick in electricity demand, even as media reports on Tuesday said France and the US are preparing to propose a ban on private funding for coal at the […]
India to seek steady coking coal supplies from Australia: Sources
NEW DELHI: The Indian government will request Australia to take measures to ensure steady supplies of coking coal, four sources said, as part of efforts to help steel mills reeling from falling supplies and rising prices of the key raw material in steel-making. Nagendra Nath Sinha, the most senior official at India’s federal Ministry of […]
India’s coal import rises 4% in September
NEW DELHI: India’s coal import increased by 4.3 per cent to 20.61 million tonnes (MT) in September compared to that of the corresponding month of previous fiscal. The country had imported 19.75 MT of coal in September last fiscal, according to data compiled by B2B e-commerce firm mjunction services limited. Of the total imports in […]
Coal India Q2 net profit rises 12.5% to Rs 6,799 crore
NEW DELHI: State-run Coal India on Friday reported a 12.5 per cent rise in consolidated net profit to Rs 6,799.77 crore for the September quarter on account of higher sales. The company’s net profit stood at Rs 6,043.55 crore in the year-ago period, it said in a regulatory filing. Its consolidated sales increased to Rs […]
India announces eighth round of auction for commercial coal mines at 10th Asian Mining Congress & IME 2023 at Kolkata
KOLKATA: India is contemplating the launch of its eighth round of auctions for commercial coal mines, with plans to offer approximately 40 blocks, according to union coal secretary Amrit Lal Meena during his address at the inauguration of the 10th Asian Mining Congress (AMC) and the International Mining, Equipment, Minerals & Metals Exhibition (IME 2023) […]
India’s coal production rises 19% to 78.65 MT in October
NEW DELHI: India’s coal output increased 18.59 per cent to 78.65 million tonne (MT) in October. The country produced 66.32 MT in the corresponding month of previous fiscal year. Coal output by state-owned CIL increased 15.36 per cent to 61.07 MT in October this year as compared to 52.94 MT in the year-ago period, the […]
Significant growth in coal sector due to rise in output of fossil fuel: Government
NEW DELHI: The Centre on Thursday said the significant growth in the coal sector is due to a rise in production of the fossil fuel during September. The production of coal in September 2023 increased to 67.27 million tonne (MT), against 58.04 MT in the year-ago period. As per the index of eight core industries […]
Coal production rises 12.8% till October in 2023-24
Coal production in the country, till October 30, has shown a growth of 12.81 per cent in the current fiscal, an official statement said. The percentage of growth of Coal India Ltd (CIL) was 11.90 per cent, 7.82 per cent for Singareni Collieries Company Ltd (SCCL) while captive and commercial mines was 20.94 per cent, […]
Coal’s coming decline has miners facing 4,00,000 layoffs by 2035
The energy system’s transition away from coal will leave miners with the equivalent of 100 job cuts daily through 2035, mostly in China and India. Mine closures will eliminate about 15% of global coal mining jobs by that year, about 400,000 in total, according to a new report published by Global Energy Monitor this week. […]