Page 10 - Coal Industry

Analysts see more steam in power stocks as India eyes harsh summer

Coal reserves at power plants have also surged by 15 days to 43 million tonnes, marking the highest level in nearly three and a half years

Coal India production hits record 703.91 MT this fiscal until March 7

Production of Coal India Ltd hit a record 703.91 million tonnes (MT) in this fiscal until March 7, surpassing the last fiscal's output of 703.20 MT, the Coal Ministry said on Friday. Highlighting that several key measures were implemented to enhance production, the ministry said Coal India maintains an ample stock of 72.70 MT as of 7th March 2024. "Coal India Limited (CIL) has achieved a record production of 703.91 million tonnes of coal up to 7th March 2024 during the current fiscal, surpassing last financial year's production of 703.20 MT by an impressive margin of 26 days," the ministry said in a release. Adoption of the Mine Developer and Operator model, mechanization and modernization of CIL mines, both Underground & Opencast, undertaking new projects, expanding existing projects, have bolstered coal production, it said. The ministry in a separate release stated that the domestic coal sector registered a growth of 10.2 per cent in January. The index of the coal industry ...

Inter-ministerial committee pitches for higher tax on coal imports

Recommends rationalising GST compensation cess on coal

Continue importing 6% of coal needs till June, govt tells gencos

Logistical challenges, higher power demand nudge govt to extend import mandate

Govt extends mandate for power producers to import 6% of coal needs

Coal accounts for about 75% of India's power generation, with coal-fired plants accounting for more than three quarters of India's use of the polluting fuel

Private Indian firms look to bet big on coal-fired power after long absence

The potential investments, which have not been previously reported, could cumulatively cost billions of dollars and demonstrate renewed appetite in an industry seen by many as financially unattractive

WBPDCL not debarred illegally to participate in auctions: Coal Ministry

The Centre on Monday refuted media reports that West Bengal Power Development Corporation Limited was illegally barred by the Coal Ministry from participating in an auction for coal mines located in West Bengal. "An article has been published in a section of media alleging that the Union Government illegally barred West Bengal from coal auctions, benefiting a corporate. "It is alleged that the Coal Ministry disqualified West Bengal Power Development Corporation Limited (WBPDCL) from participating in the auction of West Bengal-based coal mines considering WBPDCL as a prior allottee and has not paid additional levy within the prescribed time," the Ministry of Coal said in a statement. The allegations made in the article are incorrect and baseless, the ministry said. Coal mines are allocated through auction to government and private companies and through allotment only to government companies, it added. As per Section 4(4) of the Coal Mines (Special Provision) Act, if the prior allot

Coal production from captive, commercial mines rises 27% in Apr-Feb

Of the 91 mines awarded under commercial coal auctions, seven blocks have already started production

Coal India output rises 11% to 685 mn tonnes during Apr-Feb FY24

State-owned Coal India Ltd on Friday reported a 10.5 per cent rise in production at 685.1 million tonnes (MT) during the April-February period of the ongoing fiscal. The public sector coal producer had registered an output of 619.7 MT in the year-ago period, Coal India Ltd (CIL) said in a filing to BSE. In February, the production increased to 74.8 MT from 68.8 MT recorded in the year-ago month, the filing said. According to the company, the figures are provisional. The tota offtake of coal during the April-February period went up to 684.7 MT from 630.5 MT witnessed in the year-ago period. Coal offtake is the amount of fossil fuel supplied from the pitheads. CIL's offtake in February also increased to 65.3 MT from 58.3 MT in the corresponding month of previous fiscal. Coal India accounts for over 80 per cent of domestic coal output in the country.

Coal-producing states earn revenue of Rs 1.52 trillion in last 9 yrs: Govt

Coal-producing states earned a revenue of Rs 1.52 lakh crore in the last nine years from royalty, District Mineral Foundation (DMF) and National Mineral Exploration Trust (NMET). State-wise and year-wise data indicate that the coal mining sector is a very significant contributor to the revenue of states including Jharkhand, Chhattisgarh, Odisha and Madhya Pradesh, the Coal Ministry said in a statement. "During 2014-2023, total revenue from royalty, DMF & NMET of all coal-producing states through coal mining sector is Rs 1,52,696 crore," the ministry said. The compounded annual growth rate (CAGR) of the revenue from coal mining during 2014-2023 was 13.80 per cent, it said. Coal mining sector has proved to be a big booster for economic growth of the states that produce fossil fuel. State governments are entitled to receive 14 per cent of royalty on the sale price of coal and 30 per cent of the royalty as contribution towards the proposed district mineral foundations (DMFs)-- which ..

'New US sanctions more likely to curb Indian imports of Russian coal'

The latest US sanctions also include Russia's payment system, financial institutions and energy production

PM Modi to inaugurate 2 Coal India projects worth Rs 1,400 cr on Thursday

Prime Minister Narendra Modi will on Thursday inaugurate Coal India's two first-mile connectivity projects worth Rs 1,393.69 crore, according to an official statement. The first mile connectivity (FMC) projects are expected to reduce the state-owned coal producer's dependence on road traffic for transportation of the dry fuel. Owned by Coal India arm Norther Coalfields Ltd (NCL), the projects located in Madhya Pradesh will enhance coal supply and quality in an eco-friendly way, the coal ministry said in a statement. Prime Minister Narendra Modi will inaugurate two significant FMC projects virtually on February 29. These projects are valued at Rs 1,393.69 crore, the ministry said. "The projects to be unveiled are the Jayant OCP CHP-SILO and the Dudhichua OCP CHP-SILO. The Jayant OCP CHP-SILO has a capacity of 15 million tonnes per annum (MTPA) and has been developed with an investment of Rs 723.50 crore. "Similarly, the Dudhichua OCP CHP-SILO, with a capacity of 10 million tonnes p

NTPC crosses 100 million tonne coal production mark from captive mines

State-owned NTPC on Monday said it has crossed 100 million tonne (MT) coal production mark from its captive mines. The milestone was achieved on February 25, 2024, NTPC said in a statement. "Coal mining subsidiary NTPC Mining Ltd (NML) has produced 100.04 MMT (Million Metric Tonne) of coal since coal production started in its first coal mine Pakri Barwadih on January 1, 2017," the company said. While the first 50 MT coal production was achieved in 1,995 days on June 19, 2022, the next 50 MT coal production was achieved in 617 days only, NTPC said. The coal production from its captive mines contributes to NTPC's fuel security and ensuring efficient supply, it said. NTPC Mining Ltd has five operational captive coal mines namely Pakri Barwadih, Chatti Bariatu and Kerandari Coal Mines in Jharkhand, Dulanga Coal Mine in Odisha and Talaipalli Coal Mine in Chhattisgarh. NML is targeting 100 MT coal production per annum by 2030. NTPC, under Ministry of Power, is the country's largest po

PM Modi to inaugurate Rs 600 cr-worth First Mile Connectivity projects

The First Mile Connectivity projects aim to reduce reliance on coal transportation via roads, thereby mitigating traffic congestion, road accidents, and environmental impact

Mineral output increases by 5.1% in December, says mines ministry

India's mineral output increased by 5.1 per cent in December as compared to the year-ago period, the government said on Thursday. The index of mineral production of mining and quarrying sector for the month of December, 2023 at 139.4 is 5.1 per cent higher as compared to the level witnessed in the corresponding month of 2022, the mines ministry said in a statement. The cumulative growth rate in the mining and quarrying sector for the April-December period of the current fiscal over the corresponding period of previous financial year is 8.5 per cent, as per the provisional statistics of Indian Bureau of Mines (IBM). In December, the production of coal stood at 929 lakh tonnes while that of lignite at 40 lakh tonnes, iron ore at 255 lakh tonnes and limestone at 372 lakh tonnes. Production of lignite, limestone, coal, bauxite and natural gas showed positive growth. However, a negative growth was registered in the production of petroleum (crude), gold, chromite, phosphorite and ...

National coal index falls 5% in Dec, shows sufficient availability in mkt

Indicating sufficient coal availability in the market, the National Coal Index (NCI) declined 4.75 per cent in December. The NCI was at 155.44 points in December 2022, the coal ministry said in a statement on Thursday. This decline shows a strong supply of coal in the market, with sufficient availability to meet the rising demand. NCI is a price index that combines coal prices from all sales channels, including auction and import prices. It considers prices of coking and non-coking coal of various grades transacted in the regulated (power and fertiliser) and non-regulated sectors. "The National Coal Index (Provisional) has shown a significant decline of 4.75 per cent in December 2023 at 155.44 points compared to December 2022, where it was at 163.19 points," the coal ministry said in a statement. Established with the base year as 2017-18, the price index serves as a reliable indicator of market dynamics, providing valuable insights into price fluctuations. "The downward traject

Trade unions have called for one day strike on February 16, says CIL

Coal India Ltd on Tuesday said central trade unions have called for a one-day strike on February 16 at the company and its subsidiaries. State-owned CIL accounts for over 80 per cent of domestic coal output. In a regulatory filing, the company said the trade unions have called for the strike but did not disclose the reason for the proposed strike. "CIL is in receipt of strike notice regarding one day All India Strike in entire CIL / Subsidiaries on 16.02.2024 from CTUs (Central Trade Unions) - HMS / AITUC / INMF (INTUC) / CITU," the filing said.

India's coal imports register 27% rise in December, reaches 23.35 MT

India's coal import registered a rise of 27.2 per cent to 23.35 Million Tonne (MT) in December, over the corresponding month of the previous fiscal. The coal ministry is aiming for zero thermal coal import by FY26. The country's coal import was 18.35 MT in the corresponding month of the previous fiscal, according to data compiled by mjunction services ltd. mjunction services ltd is a B2B e-commerce platform. "Coal imports in December 2023 stood around 23.35 million tonne...Imports in December 2023 were up by 27.25 per cent as compared to 18.35 MT recorded for December 2022," it said. Of the total imports in December, non-coking coal imports stood at 15.47 MT, against 10.61 MT imported in December 2022. Coking coal import volume was 4.84 MT, against 4.71 MT imported in the same month of the previous financial year. The coal import in the April-December period of the current fiscal increased to 192.43 MT, over 191.82 MT in the year-ago period. During the April-December period of t

SRAM & MRAM forms JV with Indonesian firm to offer coal supply solutions

UK-based conglomerate SRAM & MRAM Group has formed a joint venture with Indonesian company Energi Alam BORNEO to offer coal supply solutions, according to a statement. The joint venture aims to optimize the procurement and distribution of Indonesian coal in the worldwide energy market, SRAM & MRAM Group said on Saturday. The group said that the joint venture is expected to supply around 300,000 tonnes of Indonesian coal worth USD 30 million (around Rs 250 crore) every month to the Indian market. Energi Alam BORNEO is a major coal trading company in Indonesia. The company sources coal from East Kalimantan, known for the largest coal content in Indonesia and caters to various industries such as power plants, cement, chemical, and industrial applications. SRAM & MRAM Group is a global conglomerate with diverse interests spanning various industries such as oil, technology, agriculture, airport solutions and cybersecurity. Hemalata Arumugam, Group CEO of SRAM & MRAM Group ..

Coal India fuel supply to thermal power plants rises by 5pc in Apr-Jan FY24

State-owned Coal India Ltd on Friday said that it supplied 509 million tonnes of coal to thermal power plants in the April-January period of this fiscal, registering a rise of 4.7 per cent. Coal India supplied 486 million tonnes (MT) of dry fuel to coal-fired power plants in the year-ago period. "Staying ahead of the projected demand since the beginning of the fiscal, CIL's supplies to coal-fired plants raced to 509 MT till January," the PSU said in a statement. CIL's increased supplies forming the bulk, ensured stock at domestic coal based power plants hitting an all-time high of 36.2 MT in January, eclipsing the previous high of 34.5 MTs recorded four years ago same month. On an average CIL loaded a record 315.2 rakes per day to all consuming sectors, which is 7.2 rakes higher than earlier 308 rakes record achieved for a month in March 2021. Each rake corresponds to around 4,000 tonnes of coal. Loading to power plants on an average shot up to 288.4 rakes per day during the refer