Page 4 - Coal Industry

Coal India resumes discussions with Chile to acquire lithium blocks

These talks had previously been halted because the Chilean government required CIL to have prior experience in mineral mining

India may save $66 billion by phasing out thermal coal imports by 2029

Boosting renewable energy capacity could help India eliminate thermal coal imports and save $66 billion between 2025 and 2029

NMDC exploring coking coal assets in Indonesia, Australia: Chairman

The company is looking at this as a business opportunity, Mukherjee said. They (explorations) are in different stages of negotiations

Govt waives upfront fee, offers rebates to boost underground coal mining

In a bid to speed up the operationalisation of underground coal blocks, the government on Thursday announced new incentives like waiving off of the upfront payment. The push for underground coal mining aligns with the country's drive for sustainable coal production. "In a decisive step towards revitalising India's coal sector, the Ministry of Coal has introduced a series of transformative policy measures aimed at promoting underground coal mining," an official statement said. These reforms address the challenges of high capital investment and longer gestation period. "The floor percentage of revenue share for underground coal mines has been reduced from four per cent to two per cent. This targeted reduction offers substantial fiscal relief and enhances the financial viability of underground projects," the statement said. The mandatory upfront payment requirement for underground mining ventures has been completely waived. This measure removes a financial barrier, encouraging broade

Govt extends deadline to May 7 for feedback on Coal Trade Exchange rules

The government has extended the deadline to early next month for public comments on the proposed rules on Coal Trade Exchange that will facilitate the dry-fuel's trading as a commodity. "Ministry of Coal had published the proposed draft legislations on Coal Trade Exchange for public consultation... Ministry of Coal has decided to extend the last date for submission of comments/suggestions from April 6, 2025 till May 7, 2025," the coal ministry said on its website. The coal ministry has proposed to empower the Coal Controller Organisation (CCO) as the regulator for the proposed trade exchange. At present the coal sales channels in the country are specific to the government-owned coal companies, including Coal India Ltd. A need is therefore felt to provide a platform i.e. Coal Trading Exchange (CTE), to also allow commercial, captive miners a ready access to market their produce, the ministry said, adding that the public sector coal companies may also use this platform. The exchange .

India's coal import drops marginally by 1.4% to 240.77 MT in Apr-Feb

India's coal import dropped marginally by 1.4 per cent to 240.77 million tonnes in the April-February period of FY'25, over the year-ago period. The country's coal import was 244.27 million tonnes (MT) in the April-February period of FY'24. Non-coking coal import was at 152.3 MT in the period under review, lower than 160.6 MT imported over the year-ago period. Coking coal import was at 49.7 MT during April-February 2024-25, down from 51.9 MT during the same period of previous year. Coal import in February also declined to 18.10 MT from 21.64 MT in February last year, according to data compiled by mjunction services. On a month-on-month basis, coal imports in February 2025 were down by 15.3 per cent against 21.4 MT in January 2025. Of the total imports in February 2025, non-coking coal import stood at 11.1 MT, against 13.8 MT imported in the year-ago period. Coking coal import was at 3.8 MT against 4.6 MT imported in February 2024. "There was a dip in import volumes which was in l

Coal India's payment to govt drops, yet big support for miner states

For the financial year 2024-25, CIL paid ₹60,959.52 crore to the government exchequer. This was a small increase of 1.2 per cent compared to ₹60,197.8 crore paid in 2023-24

Parl panel expresses concern over diversion of DMF's fund in several states

A parliamentary panel has expressed concerns over several cases of diversion of funds of District Mineral Foundation (DMF) in several states for purposes other than welfare of mining-affected areas. The DMF is a non-profit statutory 'fund' for every Indian district affected by mining related operations. It is aligned with the Pradhan Mantri Khanij Kshetra Kalyan Yojana (PMKKKY), to ensure effective and equitable utilisation of these funds to address the challenges of communities inhabiting the mining regions and for their sustainable development. The panel is "concerned to note that there are many cases of diversion of the funds of DMFs or purposes other than the stipulated ones, in many States as informed by the Ministry of Mines. Such diversions, the Committee notes, took place in the form of transfers to State treasury/consolidated fund of the State or State level funds (by whatever name called) or Chief Minister's Relief Fund or other funds or schemes", said the Standing Committe

Coal India eyeing lithium blocks in Australia, Argentina: Chairman Prasad

State-owned CIL is looking at lithium blocks in Australia and Argentina, company's Chairman P M Prasad said on Wednesday. Speaking on the sidelines of the 11th Asian Mining Congress and the 11th International Mining Exhibition, Prasad said Coal India Ltd (CIL) is targetting a production of 875 million tonnes (MT) and offtake of 900 MT in the 2025-26 fiscal year. The company accounts for over 80 per cent of domestic coal production. Prasad further said the Rs 10 per tonne price hike for both coking and non-coking coal with effect from April 16 will have minor impact on the company's revenue. CIL's pithead stock as on March 31, 2025 was 106 million tonnes, the highest so far. CIL's foray into critical minerals is driven by the need to reduce its reliance on coal and align with global trends prioritising these minerals for clean energy technologies.

Coal India to increase coal price by Rs 10 per tonne from April 16

State-owned Coal India Ltd on Tuesday said its board has approved a Rs 10 per tonne increase in the prices of both coking and non-coking coal with effect from April 16. "CIL board at its meeting held on date, inter alia approved enhancement of notified price of coal by Rs 10 per ton i.e from existing Rs 10 per ton to Rs 20 per ton for non-coking and Rs 10 per ton for coking coal for regulated and non-regulated sectors across CIL towards contribution to the corpus of CMPS-1998," it said. This price adjustment is aimed at contributing to the corpus of Coal Mines Pension Scheme (CMPS)-1998 and is likely to impact both regulated and non-regulated sectors, potentially affecting the company's revenue and market positioning, according to a company official. Coal India Ltd (CIL) accounts for over 80 per cent of domestic coal output. Eastern Coalfields Ltd (ECL), a subsidiary of Coal India, had in November last year announced increase in add-on price of coal in Rajmahal area of Jharkhand to

Coal India produces 781 MT in FY25; 7% less than company's target

State-owned CIL produced 781.1 MT of coal in 2024-25, nearly 7 per cent less than the company's target for the financial year. CIL's coal production target for 2024-25 was 838 million tonnes (MT). However, coal production by Coal India Ltd (CIL) grew marginally by one per cent in FY25, over the year-ago period, the public sector enterprise said in a regulatory filing. CIL's coal production in March dropped by 3.1 per cent to 85.8 million tonnes over the year-ago period. The output was 88.6 MT in the same month of FY24. The subsidiaries of the coal behemoth, which registered a decline in production are Central Coalfields Ltd (CCL), Western Coalfields Ltd (WCL) and South Eastern Coalfields Ltd (SECL). Coal India accounts for over 80 per cent of domestic production. In FY24, CIL produced 773.65 million tonnes, marking an 11 per cent growth over FY23. Coal India Ltd had earlier said that the realistic production target for 2024-25 fiscal will be 806-810 million tonnes, down from 83

India's coal import rises marginally by 1.23% to 21.37 MT in January

The country's coal import rose marginally by 1.23 per cent to 21.37 million tonne (MT) in January. The coal import was 21.11 MT in the corresponding month of the previous fiscal. The shipments were flat at 222.67 million tonne in April-January FY25, according to data compiled by mjunction services ltd, a B2B e-commerce platform. During April-January 2024-25, non-coking coal import was at 141.18 MT, lower than 146.86 MT imported during the same period last financial year. Coking coal import was at 45.88 MT during the 10-month period, down from 47.32 MT recorded for the same period last fiscal. Of the total imports in January 2025, non-coking coal imports stood at 12.33 MT, lower than 13.40 MT imported a year ago. Coking coal import volume was 5.23 MT, against 4.50 MT imported in January 2024. "There is a subdued demand for imported material despite softness in seaborne prices, primarily due to ample stock available in the domestic market. We expect the weak trend to continue till

Govt to launch 12th round of commercial coal mines auction on March 27

The coal ministry will launch the 12th round of commercial mines auction on Thursday in which 25 blocks will be put on sale. "Under round 12, a total of 25 coal mines are being offered, comprising 7 mines under CMSP [Coal Mines (Special Provisions) Act, 2015] and 18 mines under MMDR (Mines and Minerals (Development and Regulation) Act, 1957)," the coal ministry said in a statement. Coal and Mines Minister G Kishan Reddy will be the chief guest of the launch event. The 12th round is expected to attract significant interest from domestic and international investors, reinforcing the country's commitment to self-reliance in energy and industrial growth. "With a vision to foster a transparent, market-driven coal economy, the government continues to create new opportunities for investors and industry players. The commercial coal mine auctions have been a game-changer, unlocking the vast potential of India's coal reserves while promoting competition, efficiency, and sustainable mining ...

India hits 1 bn tonnes coal output; PM Modi says proud moment for country

India crossed a record milestone of 1 billion tonnes of coal production in the current fiscal, a landmark, which Prime Minister Narendra Modi described as a proud moment for the country, showing its commitment to energy security and self-reliance. Coal, which is predominately used to produce electricity as well as fuel in several industries, is the mainstay energy source for the world's fifth largest economy. India produced 997.83 million tonnes of coal in 2023-24 (April 2023 to March 2024). In a social media post on X, Modi described the 1 billion tonnes of coal production in the current fiscal as "A Proud Moment for India!" He said, "Crossing the monumental milestone of 1 Billion tonnes of coal production is a remarkable achievement, highlighting our commitment to energy security, economic growth and self-reliance." Modi said the feat also reflects the dedication and hardwork of all those associated with the sector. The Prime Minister was commenting on Union Minister of Coal an

Parliamentary panel bats for structured timeline for coal gasification

Coal gasification involves extracting methane from coal during the mining process and utilising it for commercial purposes

Govt plans to set up trading exchange for domestically produced coal

The world's fastest growing major economy opened up coal mining to private companies earlier this decade, ending the near-monopoly of state-run Coal India, the world's largest coal miner

India's thermal coal imports fall 15.3% to 12.16 mn tonnes in Feb

Vascon Engineers Ltd expects Rs 300 crore in revenue from its new housing project in Mumbai. The company is in EPC (engineering, procurement and construction) and real estate businesses. In a regulatory filing on Monday, Vascon Engineers said it has entered into the Mumbai market with the launch of 'Vascon Orchids', a luxury residential project through a redevelopment initiative on Linking Road in Santacruz West. "The project has a total expected Gross Development Value (GDV) of Rs 300 crore of our sell units," it added. Pune-based Vascon has delivered more than 225 projects across over 30 cities and 45 million sq ft of real estate projects.

Coal India sets 788 MT production, 765 MT offtake; rules out price cut

Coal India Limited (CIL) is expecting a production of 788 million tonnes (MT) and an offtake of 765 MT for the current fiscal year ending March 2025, its chairman P M Prasad said on Monday. The initial production target was 838 MT, which was revised to 806-810 MT in January. In FY'24, the company achieved production of 773.65 MT, reflecting a 10 per cent year-on-year growth. Speaking at a mjunction organised Coal market conference the chairman attributed the slowdown in offtake to a rake shortage in large mines, but remained optimistic about growth in the coming months. Both production and offtake are expected to grow by 1.5 per cent this year, based on current estimates against 10 per cent and 8.5 per cent growth, respectively, last year. Prasad also mentioned that the availability of rakes had been a concern due to the Kumbh Mela, but after discussions with the Railways, rake availability has improved. On the issue of international coal prices softening, Prasad ruled out any pr

Coal India arm NCL aims to achieve production target of 139 MT for FY25

Coal India arm Northern Coalfields Ltd (NCL) expects to achieve the production target of 139 million tonnes for the current fiscal. In a statement, NCL said that till February the subsidiary produced 128.13 million tonnes and "we are hopeful that we will also achieve our annual target". The company's dispatch was 125.78 MT in the April-February period of the current fiscal. NCL's dispatch target for the current fiscal is 139 million tonnes. The company known for its highly mechanised mines and critical role in ensuring the country's energy security, said that it has launched the first aid training programme for homemakers on a large scale. By extending awareness about first aid beyond the workplace and into the homes of its workforce, NCL is fostering a primary-care-conscious community and reinforcing a culture of preparedness. "Launched on 26th January, the First Aid Training Program for Homemakers, in just one month, has successfully trained about 1,500 homemakers in different

Coal imports remains flat at 201 million tonnes in Apr-Dec period

India's coal imports remained flat at 201.30 million tonnes (MT) in the April-December period of the ongoing financial year. The country's coal import was 201.52 MT in the year-ago period, according to the data compiled by mjunction services, a leading name in the e-auction space. Coal import in December declined to 19.28 MT over 23.35 MT in the corresponding month of the previous fiscal year. "Imports in December 2024 stood around 19.28 million tonnes as against 23.35 MT imported in December 2023," it said. During April-December 2024, non-coking coal imports were at 128.85 MT, lower than 133.46 MT imported during the same period in the previous year. Coking coal imports were at 40.64 MT during April-December 2024, down from 42.81 MT reported for April-December 2023. "The high stock position in the domestic market, coupled with lower-than-expected demand, has led to a drop in import volumes. We expect the demand scenario to remain unchanged in the coming weeks," mjunction MD & CEO