{"id":431226,"date":"2021-08-18T10:28:14","date_gmt":"2021-08-18T04:58:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=431226"},"modified":"2021-08-18T12:03:25","modified_gmt":"2021-08-18T06:33:25","slug":"diesel-price-rise-blows-rs-700-crore-hole-for-coal-india-in-q1fy22-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/diesel-price-rise-blows-rs-700-crore-hole-for-coal-india-in-q1fy22-2\/","title":{"rendered":"Diesel price rise blows Rs 700 crore hole for Coal India in Q1FY22"},"content":{"rendered":"<p>Mining major Coal India suffered losses to the tune of Rs 700 crore in the April-June quarter owing to a sharp rise in diesel prices, a top company official said. &#8220;In the quarter (under review), we lost about Rs 700 crore as diesel prices increased by about 35 per cent. It was in the range of Rs 66-67 and now at around Rs 89. This has been a substantial rise,&#8221; Coal India Chairman Pramod Agarwal said during a recent earnings conference call. <\/p>\n<p>The state-run miner has been drawing up plans to replace its diesel-run heavy machinery with LNG-fired equipment, and adding 1,500 electric vehicles to its fleet in the next five years to support carbon emission cuts.<\/p>\n<p>CIL has envisaged creating a carbon offset of around 2.5 lakh tonnes over the next five years, the Kolkata-headquartered company said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mining major Coal India suffered losses to the tune of Rs 700 crore in the April-June quarter owing to a sharp rise in diesel prices, a top company official said. &#8220;In the quarter (under review), we lost about Rs 700 crore as diesel prices increased by about 35 per cent. It was in the range of Rs 66-67 and now at around Rs 89. This has been a substantial rise,&#8221; Coal India Chairman Pramod Agarwal said during a recent earnings conference call. The state-run miner has been drawing up plans to replace its diesel-run heavy machinery with LNG-fired equipment, and [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-431226","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/431226","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=431226"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/431226\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=431226"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=431226"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=431226"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}