Page 21 - Coal Industry

Monsoon session: Green nod for 10 expansion projects of Coal India

The government had earlier eased the norms for coal mine expansion in the wake of supply crunch in summer months

Coal crisis: Steel makers in Chhattisgarh look to enhance supply

The mineral-rich state contributes about 20 per cent to the country's secondary steel output

How CIL is chasing the monsoon to reduce coal supply disruptions

After long power outages owing to coal shortages over two years, the government and its principal producer have drawn up an integrated plan to preclude the annual seasonal supply dislocations

CIL earns revenue worth over Rs 1.52 trn from coal sales in FY22: Govt

State-owned CIL has earned revenue worth over Rs 1.52 lakh crore from coal sales in financial year 2021-22, Parliament was informed on Wednesday. Coal India (CIL) earned revenue by selling 661.89 million tonnes of coal in the last fiscal year. In a written reply to the Lok Sabha, Coal Minister Pralhad Joshi said the mahartana firm has garnered Rs 29,400 crore by selling 177.59 MT of coal in the April-June period of the ongoing financial year. The revenue figure of the first quarter of FY'23 is provisional, it added. While in FY'21, CIL earned Rs 1,26,786.13 crore from sale of coal, in FY'20 the figure stood at Rs 1,34,979.13 crore. In a bid to increase the revenues of the public sector companies operating in the coal space, the government has given them a go-ahead for diversifying into other sectors including renewable energy. The captive mine owners, other than atomic minerals, can sell up to 50 per cent of their annual mineral, including coal, in the open market after meeting t

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

High freight rates, rake shortage hit coastal coal shipping plan

Inadequate rake supply continues to haunt railways despite its numerous claims of intervention

Near-term margin pressures for JSPL on likely tapering of steel prices

Captive coal availability and zero-debt target by the end of the year are positives

Action plan in place to ensure adequate coal availability during monsoon

The Union coal ministry is confident that till September-end, there will be 9-10 days of coal stock at the power units

Coal India's capex rises 65% to Rs 3,034 crore in June quater of FY23

Coal India's capital expenditure was Rs 1,841 crore in April-June period of last financial year

Indonesia's Bara Daya Energi outbids Adani in CIL tenders for coal imports

The Indonesian company quoted Rs 4,331 crore for the eastern coast tender and Rs 4,497 crore for the west coast.

Indonesian firm Bara Daya lowest bidder in Coal India's import tender

Bara Daya Energi is blacklisted by Gujarat and was rejected by CIL in first tender

Production from captive, commercial coal mines rises 79% in June quarter

The production from captive and commercial coal blocks has increased by 79 per cent to 27.7 Million Tonnes (MT) in the June quarter. The coal ministry also expressed hopes that the targeted production of 32 MT from captive and commercial mines during the second quarter of FY23 will be achieved. "Production from coal blocks during the first quarter of financial Year 2022-23 was reviewed by the Additional Secretary and Nominated Authority, the Ministry of Coal on July 6, 2022 in the presence of project proponents. Coal production achieved during the first quarter is 27.7 MT which is 79 per cent higher than 15.5 MT coal produced during same period in FY 2021-22," the coal ministry said in a statement. The government also appreciated the efforts of coal blocks owners in achieving such high growth. Two coal blocks sold last year under commercial mines auction have become operational and produced 1.57 MT in the first quarter, it said. At present, a total of 36 captive and commercial min

Top headlines: Johnson quits as UK PM; startup funding down 33% in June qtr

Bowing to the inevitable as more than 50 ministers quit and lawmakers said he must go, an isolated and powerless Johnson spoke outside his Downing Street to confirm he would resign

India's coal-based power generation rises 27% in June: Govt data

The overall power generation in June 2022 has been 17.73% higher than the power generated in June 2021

Railways stakes claim for coal transport planning, fix 'big mismatch'

Coal freight is railways' biggest source of revenue, earning it Rs 67,000 crore in 2021-22

AEL lowest bidder in CIL's maiden import tender, miner may negotiate price

Adani Enterprises has emerged as the lowest bidder in Coal India's tender for imports of the dry fuel with quoting over Rs 4,000 crore for supply of 2.416 million tonne, sources said

Rlys freight grows 11% on year in June at 125 MT, gains from loading coal

There has also been an increase of 7 per cent in freight leads, or the distance travelled for transportation of goods, which is a source of higher revenue for the railways

Coal India says enough supplies, advises power plants to stock up

CIL has called for bids to supply 2.4 mt of coal to be delivered for the July to September 2022 period

Coal ministry seeks inclusion of 5 mine pit lakes in Ramsar wetland list

The coal ministry on Wednesday said it approached the environment ministry for inclusion of five coal mine pit lakes in West Bengal, Odisha, Jharkhand and Madhya Pradesh in the list of Ramsar sites. The list of Ramsar sites includes wetlands of international importance identified as per the Ramsar Convention, an intergovernmental treaty established in 1971 by UNESCO, which came into force in 1975. Wetlands, often known as 'liquid assets', are crucial natural resources that help stabilise water supplies, cleanse polluted waters, protect shorelines and recharge groundwater aquifers. "The suitability of coal mine pit lakes for inclusion in Ramsar list was discussed with MoEFCC (Ministry of Environment, Forest and Climate Change), the nodal ministry for identification of wetlands for placing on the Ramsar list," the coal ministry said in a statement. As per the guidance of MoEFCC, Coal India has identified five pit lakes situated in West Bengal, Odisha, Jharkhand and Madhya Pradesh for

Polluting, expensive: No end in sight to price India pays for imported coal

With domestic production targets slipping, India needs to buy record quantities of the world's most polluting fuel at a time when prices are rising