Page 25 - Coal Industry

CIL announces performance reward of Rs 72,500 per non-exec employee

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

Energy crisis: India says coal crisis could drag on as long as six months

More than half the nation's plants are on alert for outages after surging electricity demand and a slump in local coal output eroded stockpiles

Coal giant NTPC said to plan IPOs of three units, could raise $2 billion

The company is also looking to sell its stake in NTPC-SAIL Power Co, a joint venture with Steel Authority of India Ltd. for supplying electricity to the steelmaker's mills and townships

India coal crisis brews as power demand surges, record global prices bite

Over half of India's 135 coal-fired power plants have fuel stocks of less than three days, government data shows, far short of federal guidelines recommending supplies of at least two weeks

Explained: Global energy shortage or a coincidence of regional crises?

Gasoline stations running dry in Britain. Power costs surging in the European Union ahead of winter. Forced restrictions on energy use in China. And rising prices for oil, natural gas and coal

China's end to overseas coal financing could free $130 bn for clean energy

China's pledge to end overseas coal financing will impact 44 coal plants totalling 42,220 megawatts (MW) of capacity, according to Global Energy Monitor's updated Global Coal Public Finance Tracker

Coal India to ramp up supplies to address utilities' fuel shortage

India's federal power ministry over a month ago flagged a coal shortage driven by rising electricity demand

Coal shortage deepens in India amid plunging plant inventories

Electricity demand from India's state distribution utilities rose more than 10% in July and 18% in August

India, Australia hold first Joint Working Group meet on coal, mines

Avenues for B2B collaboration on coal technology, transfer of technology, cooperation on skill development and training, issues related to coking coal import from Australia were discussed

China's overseas coal power retreat could wipe out $50 bn of investment

President Xi's announcement could impact 44 projects in Asia, Africa

India moving away from coal slowly, considerable progress by states: Study

Study finds there has been a 76 per cent reduction in proposed coal power since the Paris Agreement was signed in 2015, bringing the end of new coal construction into sight.

Asia's coal prices hit new highs as global utilities scramble for fuel

BEIJING/CHENNAI (Reuters) - Thermal coal prices across Asia hit new highs this week as China and India restock critically low inventories to meet robust power consumption, industry sources said.

Unnecessary coal plants could waste India's Rs 247,421 cr, says report

A total of 27 GW of pre-permit and permitted new coal power plant proposals in India are now superfluous to its electricity requirements

Supply to power plants carrying stock of 0-6 days prioritised: Coal India

State-owned CIL on Thursday said it has launched a multi-pronged effort to help build up coal stocks at power plants

India asks utilities to import coal amid short supply as demand spikes

CHENNAI (Reuters) -India has urged utilities to import coal despite having the world's fourth-largest reserves, with several power plants on the verge of running out of fuel due to a surge in power demand.

India's coal import rises 50% to 19 million tonnes in June

India's coal import rose 50 per cent to 18.77 million tonnes (MT) in June this year, when compared to the shipments arrived in the same month of 2020

Coal India's e-auction allocation up 29% in April-July this year

Coal India said its e-auction allocation stood at 35.5 MT during April-July 2021 under five auction categories, registering a sharp 28.6 per cent increase over the same period a year ago

Top headlines: SC fines 8 political parties; CIL Q1 net profit jumps 52%

Business Standard brings you the top headlines this evening

States get Rs 7,930-cr royalty from coal mining in Apr-Dec 2020

A total royalty of Rs 7,930.61 crore was provided to states from coal mining during April-December 2020, Parliament was on Monday informed. A royalty of Rs 2,102.01 crore went to Jharkhand, followed by Rs 1,575.73 crore to Chhattisgarh, Rs 1,489.44 crore to Madhya Pradesh, and Rs 1,165.48 crore to Odisha, Coal Minister Pralhad Joshi said in a written reply to a question in the Rajya Sabha. A total royalty of Rs 12,962.92 crore was paid to states during 2019-20, Rs 14,746.11 crore during 2018-19, Rs 13,126.03 crore during 2017-18, Rs 11,227.14 crore during 2016-17, and Rs 10,736.7 crore during 2015-16, the minister said. The 10 states that were provided royalty are Chhattisgarh, Jharkhand, Odisha, Madhya Pradesh, Maharashtra, Telangana, West Bengal, Assam, Uttar Pradesh and Meghalaya. Royalty is a right to receive payment based on a percentage of the minerals or other products produced at a mine or of the revenues or profits generated from the sale of those minerals or other product

India exports 800,000 tonnes of coal to neighbouring countries in FY'21

India exported 800,000 tonnes of coal to its neighbouring nations, including Nepal, in the fiscal year ended March 2021