Page 29 - Coal Industry

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

Central Coalfields awards Rs 9,294 crore mining project to Power Mech

Coal ministry, along with Coal India Ltd and Neyveli Lignite Corp, is offering 60 projects worth Rs 41,042 crore for private investment.

Adani Group strikes coal at Australia's controversial Charmichael project

The mine has been at the centre of several protests and campaigns by environmentalists.

Few takers for India's coal mines with production apparently having peaked

Coal consumption to become even more import driven as domestic production plateaus

CIL pulls restriction on exporting coal procured through two spot auctions

The development assumes significance as the current inventory of coal behemoth is little over 70 million tonnes (MT).

Coal firms around the world aren't setting up new mines, except Adani Group

Companies hesitant to invest in new projects as financing is difficult to come by and long-term demand is uncertain.

Coal India Ltd's coal offtake rises 38% to 55 million tonnes in May

State-owned Coal India Ltd on Tuesday said its coal offtake rose by 38 per cent to 55 million tonnes (MT) in May on the back of revival of fuel demand from the power sector.

CoalMin targets projects worth Rs 41K-crore for asset monetisation

These projects include coal washeries, coal gasification, first-mile connectivity for building coal silos/mechanised loading, offering mines to private firms under mine developer and operator model

Coal India firms up Rs 40,000-crore domestic coal evacuation plan

Coal handling capacity of these 35 projects is estimated to be close to 405 million tonnes per annum (mtpa) by FY24

Polluting coal to remain predominant fuel in India's energy basket

This is despite the country pushing for its expansion of the renewable energy projects

Coal India arm MCL registers record production, dispatch in FY21

MCL, a subsidiary of Coal India Ltd, on Friday said it has posted a record production of 148.01 million tonne

Deadline to adopt new emission norms for coal-fired utilities pushed back

India pushes back deadline for coal utilities to adopt new emission norms

India's coal import drops 14% to 196.13 million tonne in Apr-Feb FY21

India's coal import dropped 13.6 per cent to 196.13 million tonne (MT) in the April-February period of the ongoing fiscal year

Phasing out coal for power holds key to India's net-zero goal by 2050

Under pressure to commit to a net-zero target before climate change talks in Glasgow in November, the world's third-biggest emitter of greenhouse gases has been considering a 2050 deadline

50% thermal plants do not meet fly ash use norms, says environment group

Uttar Pradesh and Chhattisgarh lead in fly ash generation; most plants blamed for flouting norms are owned by governments

To enhance coal output govt identifies 15 new projects: Joshi

To enhance coal production and reduce imports, Coal India Ltd (CIL) has identified 15 new projects with a capacity to produce 160 million tonnes per annum

Coal quality and quantity issues surface again; CIL denies grade slippage

Close to half a dozen states and NTPC have written to the ministry of power, complaining against discrepancy in coal quality and the billed amount

Coal India's production and offtake remained subdued in February

Demand was weak in the month