Kolkata: Coal India (CIL) has liquidated over 82% of its arrears rakes to non-power sector consumers during the ongoing fiscal. These backlog rakes pertain to 2017-18 and 2018-19. According to officials, muted demand for the dry fuel from the thermal power stations and comfortable stock position at their end provided a window for the Maharatna […]
Category: Coal
CBI files FIR against Adani firm in coal-supply case
NEW DELHI/HYDERABAD: The CBI has filed an FIR against Adani Enterprises Ltd and a former chairman and an ex-managing director of the National Cooperative Consumer Federation (NCCF) alleging irregularities in the selection of a company for supply of coal to power stations in Andhra Pradesh. The FIR named Adani Enterprises, former NCCF chairman Virender Singh, […]
Coal, mineral mining norms eased to whet private sector interest
NEW DELHI: The government on Wednesday lifted the end-use restriction for coal mines to end the captive mining regime, one of the last vestiges of the licence-quota raj, and opened the gates wider for private entry when the blocks are auctioned for commercial coal mining. In a related decision, the Cabinet’s panel on economic affairs […]
CIL buys coal from Odisha govt unit’s captive mine
NEW DELHI: State-run Coal India Ltd (CIL) has started buying surplus output from a captive mine of an Odisha government entity for augmenting supplies to its own customers, a deal that will help reduce imports by raising availability of the indigenous fuel and open a new revenue-earning window for coal-bearing states. CIL subsidiary Mahanadi Coalfields […]
Coal Min to set up ‘Sustainable Development Cell’ for mining to address environmental concerns
New Delhi, Dec 15 () The Coal Ministry on Sunday said it will establish ‘Sustainable Development Cell’ (SDC) for promoting sustainable coal mining in the country and address environmental concerns at closure of mines. The SDC envisages to address environment mitigation measures in a systemic manner and provide a better environment to people working and […]
Coal Min allocates one mine each to NMDC, RINL; to add 10 MT output every year
New Delhi, Dec 14 () The coal ministry on Saturday said it has allocated one mine each to state-run firms National Mineral Development Corporation (NMDC) and Rashtriya Ispat Nigam Ltd (RINL). The mines, located in Jharkhand, will boost coking coal production and reduce the steel industry’s dependence on imported coal, it added. “The Ministry of […]
Coal giant bets on linkage rejig for cost cut
Kolkata: Coal India’s implementation of linkage rationalisation, also called source rationalisation, saved around Rs 3,770 crore in coal transportation costs annually since 2015 at 58 thermal power plants (TPPs) of the country. Linkage rationalization is transfer of coal supply linkage of a power plant from a far-end source to the nearer source. This not only […]
Massive dues of coal PSUs: Par Panel calls for punitive action on power cos
New Delhi, Dec 6 () A parliamentary panel has expressed concern over the massive Rs 8,435 crore outstanding dues of Coal India from power sector and said punitive action should be taken against the defaulting power generating units. The Standing Committee on Coal and Steel in a report tabled in Parliament on Friday also noted […]
In a first, pvt sector gets coal blocks with freedom to sell 25% output
NEW DELHI: The coal ministry on Thursday allotted five coal mines to Birla Corporation, Vedanta, Prakash Industries and Powerplus Traders in the first block auction in four years, which for the first time gives operators the freedom to sell 25% output in the market. The freedom to sell a quarter of the output is seen […]
Indian steel firms should invest in Russian coal cos to bring down coal price: FEIEA official
New Delhi, Nov 27 () Indian companies should purchase stake in Russian coal companies operating in its far east region in order to bring down the coal price and improve their port capacity to handle large ships, said a senior official of Far East Investment and Export Agency (FEIEA) on Tuesday. Currently, Indian steel and […]
Expedite operationalisation of 110 additional blocks or return them: Govt to Coal India
New Delhi, Nov 24 () The coal ministry has asked state-owned CIL to either expedite the operationalisation of 110 additional blocks allotted to it or return the mines to the government, an official said. The coal ministry recently enquired from the PSU about the operational status of the additional blocks allotted to it, and whether […]
HC seeks report from state on illegal coal mining
Kolkata: Calcutta High Court on Friday directed the state government to file a report by December 6 on whether or not its order dated July 19, 2019 on illegal coal trafficking and eviction of encroachers in the Durgapur-Raniganj belt has been executed. The court had directed the state to “depute an officer who would be […]