Many units in this space expect capacity utilisation levels to drop drastically a few months down the line due to the crunch in the supply of the fossil fuel
The prioritisation of domestic coal supply to the power sector has to "some extent" hit Hindustan Zinc, a top official of the Vedanta group firm said
Since August, coal stock levels at thermal units have dwindled
Coal shortage at thermal power projects is still continuing as number of non-pit head projects having less than four days of coal (supercritical stock) rose to 61
High prices threaten India's goal to boost the use of gas in its energy mix as some industries are looking at switching back to coal and petcoke
India's coal import registered a decline of 2.7 per cent in August this year amid the power plants grappling with fuel shortages
Aluminium plants in the country are grappling with critically low level of coal stocks and if the fuel supply is not restored immediately it would lead to irrevocable collateral damage, industry body AAI warned on Friday. The statement comes at a time when the supply of coal by CIL to non-power sectors has been kept suspended temporarily amid electricity generating plants in the country facing fuel shortages. "Today also, aluminium industry has not received any relief with respect to the ongoing coal supply crisis. Indian aluminium plants are grappling with critically low levels of coal stock, with no recourse or alternative means to meet their power needs and keep the plants operational," Aluminium Association of India (AAI) said. It further warned that if coal supply is not restored immediately, it would lead to an irrevocable collateral damage of these national assets. "Any power outage in aluminium plants will lead to catastrophic impact & complete shutdown which will take ...
India is the world's second largest coal producer, with the world's fourth largest reserves
Various power plants are grappling with fuel shortages and efforts are being made to increase fuel supplies.
India's power demand has been rising with the revival of the economy after the lifting of COVID 19-induced restrictions.
The development assumes significance in the wake of the country's power plants grappling with coal shortages
Several states, including Delhi, have expressed panic over shortages of coal
Kejriwal said all efforts were being made to address the power crisis and his government did not want that any "emergency situation" is created.
The brokerage upped its consumer price index (CPI) inflation target for 2022 to 5.2 per cent from 5 per cent earlier.
The Ministry of Coal on Sunday reassured the country that ample coal is available in the country to meet the demand for power plants.
Some plead Centre for more coal, others ask consumers to save electricity
Coal-based power stations supplying electricity to Delhi discoms have coal stocks to meet generation requirements for one-two days against 20 days as per applicable regulations, says TPDDL CEO
The policy will come into force in October 2022
Power Minister R K Singh had reportedly termed the coal shortage as way beyond normal
State-owned Coal India on Tuesday announced a performance-linked reward of Rs 72,500 per employee to all its non-executive cadre workforce for financial year 2020-21. The payment of performance-linked reward (PLR) would be made on or before October 11, 2021. "Non-executive cadre employees of Coal India Ltd (CIL), its subsidiaries and Singareni Collieries Company Ltd (SCCL) will get an amount of Rs 72,500 as PLR for financial year 2020-21," the Maharatna firm said in a statement. The decision was taken on Monday in a bipartite meeting of representatives of Central Trade Unions (CTUs), who are members of the standardisation Committee of JBCCI-X and management of CIL and SCCL held at CIL Office in New Delhi, the statement said. "Govt under PM @narendramodi ji is committed to the welfare of #CoalWarriors. In recognition to their nation-building efforts, performance-linked reward has been increased from Rs 68,000 to Rs 72,500 per person, this year. @CoalIndiaHQ @PRO_SCCL," Coal and Min