Page 15 - Coal Industry

Coal India's production rises to a record high of 60 million tonnes in May

CIL's growth in May 2023, in volume and percentage terms came on the back of a very high base

Sustainable mining technology need of the hour: Minister Pralhad Joshi

Union Minister for Coal and Mining Pralhad Joshi was speaking at the inauguration of the first Mining Start-Up Summit at the Indian Institute of Technology, Bombay

790 million tonnes and rising: Big & small MDOs help meet coal demand

Rising electricity demand is pushing for more coal mining as thermal power continues to be the backbone of supply

JSW Group exploring possibilities to acquire coal mines in offshore markets

Homegrown firm JSW Group is exploring possibilities to acquire coking coal mines in offshore markets, industry sources said. The steel-to-infrastructure group is exploring the mineral assets in countries like Australia and Mozambique etc, they said. "JSW Group is exploring possibilities to acquire coking coal mines in offshore markets like Mozambique, Australia etc for captive purposes," sources said. Captive coking coal mines will help group company JSW Steel reduce its cost of production for manufacturing steel, they explained. When contacted, a JSW Group spokesperson declined to make any comment. JSW Steel is into manufacturing steel through the blast furnace route, a process which requires coking coal as a key raw material. Due to the unavailability of coking coal, India remains dependent on imports to meet 85 per cent of its coking coal needs from far-located countries like Australia, South Africa, Canada and the US. Specifically, JSW Steel meets 60 per cent of its coking c

Vietnam govt approves plan to cut power output from coal-fired plants

The Vietnamese government has approved a plan that needs $134.7 billion to reduce coal-fired electricity generation and improve the country's power grid by 2030

Digging deeper: Coal India's 1-bn tonne target to spur mining in states

Just transition goals, ecological challenges in contrast to mining plans

Coal India net profit rises 62% to record Rs 28,125 crore in FY23

Q4 profit slips marginally, Board declares Rs 4 per share dividend

Expensive coal imports, logistics may result in higher electricity bills

An unnamed senior executive said that expensive imports combined with increased transportation costs may lead to an increase of 40 paise per kilowatt hour (kWh)

CIL coking coal production sees quantum leap of 8MT, rises by 17% in FY23

The production of coking coal by Coal India Ltd (CIL) rose by 17.2 per cent year-on-year (y-o-y) to 54.6 million tonnes (MT) in 2022-23. The state-owned miner had produced 46.6 MT coking coal during the preceding 2021-22 fiscal, it said in a statement. "The quantum leap was a whopping 8 MT. This assumes significance at a time when the Ministry of Coal has asked CIL to elevate the output of this category of coal to 105 MT by 2030 in a bid to reduce its imports and forex outgo," it said Subsidiary companies Bharat Coking Coal Ltd (BCCL) and Central Coal Fields (CCL) together accounted for almost the entire output of 54.3 MT in 2022-23. While BCCL produced nearly 33.7 MT during FY23, CCL contributed 20.6 MT. Coking coal is an important feedstock in steel making. In India, its mineable reserves are scarce and also its quality inadequacy for direct use in steel making necessitates washing. During FY23 coking coal imports were to the tune of 56 MT, down by 1.1 MT compared to 57.1 MT in

India's coal plant commissioning slowed, but new proposals persist: Survey

India continued to send mixed signals about its future coal use, as new plant commissioning slowed to their lowest in years, but plans for new projects persist and no clear retirement plans

Coal use climbs worldwide despite promises to slash it, says report

The burning of coal for electricity, cement, steel and other uses went up in 2022 despite global promises to phase down the fuel that's the biggest source of planet-warming gases in the atmosphere, a report Wednesday found. The coal fleet grew by 19.5 gigawatts last year, enough to light up around 15 million homes, with nearly all newly commissioned coal projects in China, according to a report by Global Energy Monitor, an organisation that tracks a variety of energy projects around the globe. That 1 per cent increase comes at a time when the world needs to retire its coal fleet four and a half times faster to meet climate goals, the report said. In 2021, countries around the world promised to phase down the use of coal to help achieve the goal to limit warming to 1.5 degrees Celsius (2.7 Fahrenheit). The more new coal projects come online, the steeper the cuts and commitments need to be in the future, said Flora Champenois, the report's lead author and the project manager for GEM's

Core sector output slows to 3-month low of 6% in Feb, crude production dips

Six of eight key infrastructure industries report sequential deceleration

Coal India surpasses annual output target for first time in 17 years

Coal India last achieved its annual production target in 2006, when it produced 343.4 million tonnes against a plan to produce 343 million tonnes

Govt launches 7th round of coal mine auctions; 106 mines for sale

Defence Minister Rajnath Singh on Wednesday launched the seventh round of auctions for commercial mining of coal blocks, putting 106 mines under the hammer. Of the total mines offered under the seventh round, 61 blocks are partially explored and 45 mines are fully explored. As many as 95 non-coking coal mines, 10 lignite mines and one coking coal mine are being offered in the latest round of auction. In his address, Singh said coal is considered black gold which plays an important role in strengthening the economy of the country. "Our energy consumption has grown in the last few years and will continue to grow. And to meet this need we will have to start taking efforts from today," he said. The ongoing auctions of coal blocks are a step towards energy security, Singh said. Details of the mines, auction terms, timelines etc. can be accessed on the MSTC auction platform. The auction shall be held online through a transparent two-stage process, on the basis of percentage revenue sha

Power sector dues to coal companies over Rs 20,000 cr for supply of fuel

Increase in outstanding dues of the coal mining public sector undertakings impacts the working capital and cash flow position of coal companies

Ready to meet dry fuel demand from power sector: Coal India Limited

Amid early onset of summer and a pick-up in industrial demand for electricity, state-owned CIL on Tuesday said it is geared up to meet the demand of dry fuel from the power sector. The public sector coal producer also expressed hope to supply 156 million tonnes of coal to the power sector during April-June quarter of FY24. This would be 25.6 per cent of the enhanced annual dispatch target of 610 million tonnes (MT) slated for the sector in 2023-24. "Coal India Limited (CIL) is optimistic about supplying 156 million tonnes of coal to power sector during April-June '23 quarter amid concerns over spike in coal demand," the coal behemoth said. CIL, which accounts for over 80 per cent of domestic coal output, is a major supplier of dry fuel to the electricity generating plants. Factors in favour of CIL are a strong 68 MT coal stock build-up expected at its pitheads by the end of current fiscal, which as of Monday was 57.3 MT. Also, the maharatna firm will scale up its production into a

Railways increases coal transportation for power sector ahead of summer

Expecting a surge in demand for coal by power plants during the summer, the railways increased its coal transportation by 11.92 per cent in terms of tonnage by the end of February, the national transporter said in a statement on Thursday. It also said keeping in view the rising demand in the next few years, comprehensive planning of an energy corridor has been done with planned investment of Rs 1 lakh crore for over around 100 projects. Loading of rakes for the power sector from various sources in the current fiscal -- from April till February -- is 408 rakes a day against 344 rakes a day in last year, an increase of 64 rakes a day, the railways said. In February, 426.3 rakes a day have been loaded for power houses against 399 rakes a day in February last year, an increase of 27.3 rakes, it said. In order to meet the projected demand for rakes by the power sector in the coming fiscal, the railways has taken various steps, including higher induction of coal carrying wagons. From ap

Coal production increases by 15% to 784 mn tonnes during Apr-Feb 2022-23

Coal India Ltd (CIL) reported production of 619.70 million tonnes up to February 2023 as compared to 542.38 million tonnes during the same period of the last fiscal, an increase of 14.26 per cent

Output of eight core sectors grows at 4-month high of 7.8% in January

The output of core sectors had increased by 4% in January 2022 and by 7% in December 2022.

Met coke producers, suppliers demand 30% anti-dumping duty on imports

An association of producers and suppliers of metallurgical coke has sought imposition of a 30 per cent anti-dumping duty on met coke to protect the local industry from cheap imports. The Indian Metallurgical Coke Manufacturers Association (IMCOM) stated that there is a dire need to protect the domestic industry with adequate policy measures as India is turning out to be a dumping ground for imported met coke. "Rather, anti-dumping duties should be applicable to all countries irrespective of FTAs, which will help protect domestic manufacturers," IMCOM said in a statement. The move will protect the domestic industry and give a fillip to the government's vision of a 'self-reliant' India, the association stated. The merchant coke industry majorly caters to foundries, ferroalloys and the chemical sector among others. Though the merchant coke capacity in the country is around seven million tonnes, the current capacity utilisation is only around 30 per cent, and this is mainly due to ...