Approximately 60 per cent of the 38.4 GW of India's new proposals are backed by state-owned entities (SOEs) using public funds
The FY24 import included 59 mt of coking coal and 205 mt of non-coking coal worth ₹1.33 trillion, Union Coal Minister G Kishan Reddy said on Wednesday
Coal gasification involves extracting methane from coal during the mining process and utilising it for commercial purposes
The panel suggests a service model similar to the passenger system
State-owned Coal India Limited on Sunday said that non-power sector (NPS) consumers will not have to pay the coal value worth ten days of supply as financial coverage for the dry fuel received via rail transport. "With the waiver of financial coverage, CIL takes an important step towards reducing transactional complexities and fostering an environment that encourages smooth and efficient business operations," the PSU said in a statement. The latest decision is one more step in Coal India Ltd's ongoing efforts to streamline operations under the broader ease of doing business initiative, the company said. "This also helps to reduce the financial burden for NPS consumers and improve their cash liquidity," Coal India Ltd (CIL) noted. The liquidity availability will allow consumers to use the capital for other operational needs and reduce the working capital pressure. During the ongoing financial year, CIL supplied about 560 million tonnes (MT) of coal to the power sector and nearly 13
The government on Friday said coal transportation through rail-sea-rail (RSR) route almost doubled to 54 million tonnes (MT) in FY24. Coal is carried from mines through this route in order to meet demand of various power plants. This involves movement of coal by rail in two legs -- from mines to unloading port, and from subsequent loading port to power plants. "Over the last few years Ministry of Coal has made significant strides in use of the coal Rail-Sea-Rail networks for evacuation of coal in coordination with Railways. As a result, the coal movement which was 28 MT in FY22 has almost doubled to 54 MT in FY24 and is on the increasing trend," the coal ministry said in a statement. This multi-modal system allows transportation of coal from mines to port and to their end users, while improving logistical efficiencies. This also reduces congestion on the all-rail route (ARR) and ensures lower carbon-footprint. The coal ministry said that it is committed to enhancing the RSR coal ..
Northern Coalfields Ltd (NCL), a subsidiary of Coal India Ltd, will impose a "Singrauli Punarasthapan (rejuvenation) Charge" of Rs 300 per tonne on coal dispatches across all its mines from May 1, 2025. The additional charge is expected to generate around Rs 3,877.50 crore, NCL said in a regulatory filing. The levy will be applied uniformly on top of the notified price of coal. NCL operates mainly in Madhya Pradesh's Singrauli and Uttar Pradesh's Sonbhadra districts, supplying coal to power and non-power sectors. The company produced 117 million tonnes of coal till January 2025, contributing significantly to Coal India's overall output. The move comes amid efforts by CIL subsidiaries to bolster revenue and support mine rehabilitation and resettlement projects in coal-bearing regions, industry sources said.
Multifold rise likely in ports, urban infra monetisation targets
Three of the traders expected imports to plunge by around 10% to about 155 million metric tons. Two of them expected a fall of 1-2%, while another trader forecast a 7-8% decline
India's climate goals: More adaptation, less Chinese dependence
Jharkhand Chief Minister Hemant Soren urged Union Minister for Coal and Mines G Kishan Reddy to clear the state's coal dues "worth Rs 1.36 lakh crore". Reddy assured Soren that the central government would take necessary steps to ensure payment of the outstanding dues, an official release said. A meeting was held among senior officials of the state government, the coal ministry and Coal India Ltd in the presence of Soren and Reddy on Thursday. The Jharkhand government presented a detailed assessment of the outstanding mineral royalty payments to the Union minister in the meeting, the release said. "...The Union coal minister directed that central government officials collaborate with the state government to verify the authenticity of these claims," it stated. Soren said the central and state governments need to move forward together to better manage coal mining, production, transportation, land acquisition and compensation. The CM also said the lands on which mining operations ha
Coal production from captive and commercial mines rose 34.2 per cent to 131.05 million tonnes (MT) in the April-December period of the current fiscal year. Coal output from captive and commercial mines was 97.665 MT in the year-ago period, the coal ministry said in a statement. Coal output from captive and commercial mines was 18.40 MT in December, the coal ministry said in a statement. According to the Index of Eight Core Industries (Base Year 2011-12) released by the government, the coal sector has demonstrated a growth of 7.5 per cent (provisional) to 199.6 points in November 2024 as compared to 185.7 points a year earlier, the ministry said in a separate statement. The index of coal industry reached 172.9 points during April-November 2024 as compared to 162.5 points during the same period last year, demonstrating growth of 6.4 per cent among the all eight core industries. The ICI measures combined and individual performance of production of eight core industries -- cement, coa
The coal sector is likely to witness a spate of activities in the upcoming year from launching maiden coal exchange to facilitating trading and rate determination of dry-fuel to meet the booming demand of the economy. The government also intends to work more closely in the area of coal gasification as it is on a high priority list for energy transition. Coal gasification is a cleaner option compared to burning of coal as it facilitates utilisation of the chemical properties of dry fuel. Talking to PTI, Coal Additional Secretary Rupinder Brar said that "the demand (for coal) is extremely important. And we do see demand growing in India considering the growing size of the economy... Therefore, coal will also definitely be required and we are conscious of that and are working towards that". The efforts will be to continuously augment coal output and align it with the demand, she said. Brar said the pre-2014 policy on mine allocation has been disbanded and now the government gives blo
A special CBI court on Monday convicted Managing Director of Abhijeet Infrastructure Ltd Manoj Kumar Jayaswal and its former director Ramesh Kumar Jayaswal in a coal scam case related to the allocation of Brinda, Sisai, and Meral coal blocks in Jharkhand. In its case registered in 2016, the CBI had alleged that the company obtained the coal blocks by misrepresenting its financial position, acquisition of land for its proposed end-use plant, and other related claims, a statement from the agency said. Forged documents were used to secure the recommendation of the Ministry of Steel, Government of India, for the allocation of the coal blocks, the CBI said. Special Judge Arun Bhardwaj convicted Nagpur-based Abhijeet Infrastructure Pvt Ltd (AIPL), its Managing Director Manoj Kumar Jayaswal and former director Ramesh Kumar Jayaswal of cheating, criminal conspiracy and using forged documents as genuine. Their sentence will be pronounced later. The four-year-long investigation showed that .
The eight core sectors contribute 40.27 per cent to the Index of Industrial Production (IIP) which measures overall industrial growth
Despite having switched to its internal e-auction platform in January this year, Coal India Ltd (CIL) has floated a tender seeking bids from private service providers to conduct e-auctions of the dry fuel for its subsidiaries over the next two years, officials said on Monday. This move has left external e-auction service providers, such as MSTC and mjunction, who have managed CIL's auctions through electronic platforms for nearly two decades, confused and they were seeking more clarity before deciding whether to participate in the tender, stakeholders said. The deadline for submission of bids is November 27. CIL had engaged its subsidiary CMPDI to develop an internal coal e-auction system in collaboration with the National Informatics Centre (NIC), the officials said. The internal platform was successfully transitioned in January 2024 after conducting successful trials in 2023. "However, there have been complaints about the system's performance, prompting Coal India to seek extern
The government must include coking coal in the list of critical minerals and provide special dispensation to enhance the domestic production of the key raw material for steel production, according to a Niti Aayog report. The report 'Enhancing Domestic Coking Coal Availability to Reduce the import of Coking Coal', said considering India's commitments to Net Zero by 2070, the country's interests would be better served by fully utilising the proved reserves of medium coking coal (16.5 billion tonne) in India for metallurgical purposes. "Government of India (GoI) must include coking coal in the list of critical minerals since coking coal constitutes approximately 42 per cent of the cost of steel which is an essential commodity for infrastructure development and downstream industries, which are large job creators in India," the report said. The European Union has declared coking coal as a critical raw material along with 29 other raw materials which include green energy' minerals like ..
Coal India aims to eliminate Rs 2,200 crore in accumulated losses at its subsidiary, Eastern Coalfields Ltd (ECL), and to rejoin the dividend list by FY 2025-26, a top official said on Sunday. At the foundation day event, Coal India chairman P M Prasad said Bharat Coking Coal Ltd, another previously loss-making subsidiary, has already re-entered the dividend list. He expressed confidence that ECL would achieve similar success by FY 2025-26. Coal India has seven coal-producing subsidiaries. "ECL is performing well and is on track to meet its production target of 54 million tonnes this year. We expect to eliminate two-thirds of its Rs 2,200 crore accumulated losses this fiscal year, with the remaining losses cleared by the following year, allowing it to rejoin the dividend list," Prasad said. He added that the next 3-4 months would present challenges for production due to monsoon impacts on growth. However, Coal India remains on track to achieve its overall production target of 773 ..
JSW Steel, JSW Energy, ACC Ltd, NMDC Ltd, NTPC Mining Ltd and Jindal Steel and Power Ltd (JSPL) are among the 31 companies which have submitted bids for the tenth round of commercial coal mine auction. "A total of 31 companies have submitted their bids in the auction process," the coal ministry said in a statement. More than 10 new companies have participated for the first time under commercial coal mine auction. A total of 67 coal blocks were put up for sale in June under the tenth round of commercial mines auction. The government has received 44 bids for the 67 coal mines, the statement said. "The bids will be evaluated by a multi-disciplinary technical evaluation committee and technically qualified bidders will be shortlisted for participation in the electronic auction, to be conducted on MSTC portal," it added.
"Last week we took a briefing on setting up coal exchange," Minister added but didn't disclose the exact timing on when the exchange will come up