Page 2 - Coal Imports

Coal imports fall 1.82% to 68.30 MT in Apr-Jun quarter: mjunction

India's total coal imports fell 1.82 per cent to 68.30 million tonne in April-June period of ongoing financial year, according to a report. The import was at 69.57 MT in the same period a year ago, mjunction said in its latest report. The import included non-coking coal, coking coal, anthracite coal, pulverised coal injection (PCI) coal, met coke and pet coke, it said. During the period, non-coking coal import stood at 42.99 MT against 47.44 MT in the same period last year, while coking coal import was 15.89 MT against 14.61 MT imported a year ago. In June 2023, the import stood at around 21.03 MT, down 25.21 per cent as against 28.11 MT imported in the same month last year. India is among the top five coal-producing countries in the world. However, some parts of its coal requirement are met through imports as the country is also among the major consumers of the dry fuel. For coking coal -- a key raw material used in steel making -- the country remains heavily dependent on ...

LS passes Mines and Minerals Amendment Bill after Pralhad Joshi moves it

The Lok Sabha on Friday passed a bill which seeks to grant exploration licence to private sector players for critical minerals. The Mines and Minerals (Development and Regulation) Amendment Bill, 2023, also empowers the central government to exclusively auction mining lease and composite licence for certain critical minerals. Union Minister for Coal and Mines Pralhad Joshi moved the bill for consideration and passing in the Lok Sabha. The opposition members were protesting in the house over the Manipur issue. The amendments in the bill will be a game changer. We are going to produce 1 billion tonne of coal and make India self sufficient in the energy sector, Joshi said. "We have decided to stop coal import by 2025-26," he added. The bill was later passed by voice vote amid slogan shouting by opposition members.

Non-fossil fuel-based power generation capacity to be 68.4% by 2031-32

The plan was released today and consists of a review of the last five years (2017-2022) along with a detailed plan for the next five years (2022- 2027)

Coal imports rises to 162 MT in FY23; inbound coking coal grows to 54 MT

India's coal imports increased by 30 per cent to 162.46 million tonnes in the 2022-23 financial year against 124.99 MT in the year-ago period, according to a report. The import of coking coal rose 5.44 per cent to 54.46 MT over 51.65 MT in FY22, mjunction said in its latest report. In March alone, the non-coking coal import stood at 13.88 MT against 12.61 MT in the same month last year. Coking coal imports were 3.96 MT against 4.76 MT imported in March 2022. India is among the top five coal-producing countries in the world. However, some parts of its coal requirement are met through imports as the country is also among the major consumers of the dry fuel. For coking coal -- a key raw material used in steel making -- the country remains heavily dependent on imports. "The persistently high demand for steam coal in India coupled with the weakening of seaborne prices led to increased volumes during March. This trend is likely to continue in coming months in view of the above-normal ..

DVC raises capex by 36% to Rs 2,800 cr in FY24, plans to import coal

Damodar Valley Corporation has raised its capital expenditure target for the 2023-24 fiscal to Rs 2,800 crore, a 36 per cent increase over the previous year, to support expansion plans, a top official said on Thursday. The entity owned jointly by the Centre, West Bengal and Jharkhand governments, achieved the highest power generation in its 75 years of existence, with a nearly 6.5 per cent year-on-year rise to 43.32 billion units in 2022-23. Its sales stood at Rs 24,522 crore in the year, the official said. "Capex (capital expenditure) in the 2022-23 fiscal was 102 per cent of the target of Rs 2,055 crore. In the current financial year, the capex target is Rs 2,800 crore. The funds will be utilised in placing new expansion orders, mining and renewable energy," DVC chairman Ram Naresh Singh said. DVC has ambitious expansion plans, intending to add a total of 9,654 MW of capacity to its existing 6,700 MW from all sources, with a goal of increasing its generation capacity to ...

India to be coal exporter by 2025-26: Coal minister Pralhad Joshi

The ministry has also signed agreements for 29 coal mines auctioned under the sixth round of commercial coal mines auction

Coal imports fall by 25% in 3 yrs as India aims to up domestic production

Coal imports have seen a 25% fall in the last three years as India strives to increase domestic production and reduce dependence on imports

Western Railway chugs into 100-million tonnes freight club in FY23

First ever non-coal zone to achieve the feat

Zero coal import remains elusive as Centre leans on foreign supplies again

Move to make it a must for units running on imported coal to remain fully functional comes amid 50-80% spike in global coal price

Coal India's 7 projects to be developed by MDOs for import reduction

State-owned CIL on Wednesday said it has issued orders for seven coal projects to be developed by mine developer and operators (MDOs). The objective of engaging MDOs through open global tenders is to augment domestic coal production and reduce reliance on import to extent possible. "Coal India Limited (CIL) has issued letters of acceptance for seven coal projects to be pursued through engagement of Mine Developer and Operators," the maharatna firm said in a statement. Of these seven projects, three belong to CIL arm Central Coalfields Ltd (CCL) and two to Mahanadi Coalfields Ltd (MCL)--another subsidiary of CIL. South Eastern Coalfields Ltd and Eastern Coalfield Ltd account for a solitary project each. The coal behemoth is tracking a total of 15 new coal projects to mine coal through MDOs. CIL will invest Rs 20,600 crore on land acquisition, rehabilitation and resettlement issues, and in some cases on railway sidings as well. The role of MDOs would be to excavate, extract and del

India Nov thermal coal imports at 9-month low as local output soars

India's thermal coal imports fell to the lowest levels in 9 months during November, data from consultancy Coalmint showed, mainly due to a rise in domestic coal production

Thermal coal imports grow at slowest pace in 5 months in Oct, shows data

The share of South African thermal coal imports rose to the highest levels in recent months as sponge iron makers switched back amid Russian blend concerns, Coalmint said in a report this week

Tamil Nadu power utility plans importing 22 MT coal to meet requirements

The Tamil Nadu Generation and Distribution Company will be importing 22 lakh metric tonnes of coal during the current financial year. Of this 7.2 lakh MT of coal will be imported in February 2023

Gencos procure 5.8% of total order value from Coal India's import tenders

CoalMin confident that domestic supply will meet festive season's power demand

Coal crisis hits SAIL's Bhilai steel plant output in Chhattisgarh

A stranded ferry from the Visakhapatnam port is cited to be the reason for plunging it into a deep crisis.

India's Russian thermal coal imports set to fall for first time in 4 months

Indian consultancy Coalmint expects September thermal coal imports from Russia to decline 30% from August to 1.4 million tonnes

India considers further coal imports as concern over energy supply grows

Stockpiles of the fossil fuel at power plants have fallen about 11% since mid-August, meaning utilities have an average of 10 days supply, well below required levels of more than three weeks

Traffic surge at ports a sign of India's economic revival: Report

Both coal and crude oil grew 16 per cent year-on-year (YoY), accounting for 105 mt and 65 mt of traffic in the first quarter, even on the back of record high prices

India to import 76 MT coal to meet demand; power tariff to go up: Report

India is planning to import nearly 76 million tonnes (MT) of coal this fiscal year to reach the fossil fuel shortfall in power plants

The emerging stress in imports: Surprisingly, it's coal more than oil

Surprisingly, its coal more than oil that is emerging as a huge pressure point