Page 8 - Coal India Ltd
Coal India to venture into metals mining
The company is on the lookout to acquire mines in India and Africa for the new vertical
 "Coal India to venture into metals mining")
Ramped-up Coal India output saves Rs 25,900 crore in forex
Expecting thermal power-based electricity to remain the mainstay in the country's energy scenario in the country for the coming 30 years, government-owned Coal India is bullish on its volumes picking up to cater to the demand from power stations and on better prices.At its 43rd annual general meeting, interim chairman Gopal Singh said the coal-based power generation capacity of 125 Gw in 2012 is likely to become 330-441 Gw by 2040. This year, power generation in the category is going to touch 192 Gw. "The demand for these plants is likely to be first met by domestic coal, which will require quick exploration of our reserves and call for fuller resource assessment, optimum mining and efficient use," he said.In 2015-16, the share of coal in commercial energy supply was 55 per cent but is likely to dip to 48-54 per cent by 2040 as thermal and renewable energy's contribution is likely to go up. Nevertheless, Singh says coal demand is going to remain high.Year-on-year, there was growth of .
 "Ramped-up Coal India output saves Rs 25,900 crore in forex")
Hike in coal output saved Rs 25,900 cr forex: CIL MD
Coal MD said coal imports accounted for 25 per cent of the country's total consumption in 2015-16, and 23 per cent in 2016-17
 "Hike in coal output saved Rs 25,900 cr forex: CIL MD")
