Coal Prices

Trump admin opens more land for coal, offers $625 mn for plant upgrades

The Trump administration said Monday it will open 13 million acres of federal lands for coal mining and provide USD 625 million to recommission or modernize coal-fired power plants as President Donald Trump continues his efforts to reverse the year-long decline in the US coal industry. Actions by the Energy and Interior departments and the Environmental Protection Agency follow executive orders Trump issued in April to revive coal, a reliable but polluting energy source that's long been shrinking amid environmental regulations and competition from cheaper natural gas. Environmental groups denounced announcement, which come as the Trump administration has clamped down on renewable energy, including freezing permits for offshore wind projects, ending clean energy tax credits and blocking wind and solar projects on federal lands. Under Trump's orders, the Energy Department has required fossil-fuelled power plants in Michigan and Pennsylvania to keep operating past their retirement date

Indian coal prices to drop after tax changes, boosting local demand

That could push up domestic consumption at the expense of imports, they said, putting further pressure on already plunging global coal pricesZ

Rain may have washed it away: Meghalaya minister on 4K tonnes missing coal

As the Meghalaya High Court pulled up the state government over the disappearance of over 4,000 tonnes of coal, a minister on Monday claimed that heavy rain in the state might have washed it away. The high court has directed the state government to take action against officials under whose watch the coal went missing. Speaking to reporters, Excise Minister Kyrmen Shylla said, "Meghalaya receives the highest rainfall. You never know... because of rain, the coal might have swept away. Chances are very high." The high court had on July 25 pulled up the state government over the vanishing of coal from Rajaju and Diengngan villages and instructed it to trace those responsible for lifting the coal illegally. The minister, however, clarified that he was not trying to justify the disappearance, and admitted there was no conclusive evidence yet to determine whether the loss was due to natural causes or any illegal activity. "I cannot blame just the rain. It could be or it could not be. I .

Coal gasification is reliable, will strengthen India's energy security

Serious efforts are needed make this energy supply alternative a success

Domestic coal prices match international trends without raising power bills

Linkage policy gives power plants assured supply of the fuel while giving them more scope to sell electricity in exchange market

Street cautious on Tata Power stock after Q2 results; bearish calls persist

Results were boosted by higher plant utilisation (60 per cent) at Mundra UMPP, driven by Section 11 tariffs

CIL eyes Rs 2,703-crore incremental revenue with 8% thermal coal hike

Pramod Agrawal, CMD, CIL, had confirmed plans to hike coal prices

Met coal prices may fall; rate correction to help Indian steel makers: S&P

S&P Global Ratings on Wednesday said it is expecting a significant fall in rates of metallurgical coal and Indian steel makers are to benefit from the price correction. "We expect lower seaborne met coal prices will help Indian steel mills, as they import 70 per cent of their total requirement," S&P Global Ratings credit analyst Anshuman Bharati said. The agency estimates that a sharp fall in seaborne metallurgical coal prices will improve cash flow and ease pressure on Indian steel producers, he said. "Our price assumptions are much lower than the average price of USD 370/tonne in 2022 and spot price of about USD 300/tonne. This is partly because we expect the supply constraints in Australia to ease over the next few months as adverse weather becomes less frequent," Bharati said. Indian steel producers are generally the most sensitive to seaborne met coal prices, as opposed to iron ore prices. This reflects India's status as the world's top importer of met coal and the fact .

Strong case to hike coal prices, could happen soon: CIL Chairman Agrawal

Coal India Chairman Pramod Agrawal on Monday said there is a "strong case" for increasing coal prices, and the hike could be effected "very soon" as discussions are underway with stakeholders. Agrawal also said he is confident the mining behemoth will achieve its production target of 1 billion tonnes by 2025-26. "There is a strong case for increasing coal prices, as that has not happened in the last five-odd years. This year, the wage negotiation has taken place as well, which will have an impact on CIL's financial condition, especially for a few subsidiaries where the manpower cost is very high. "There will be a lot of problems if prices are not hiked. Discussions are underway with stakeholders... It will happen very soon," Agrawal said at the Indian Coal Markets Conference here organized by Mjunction. Elaborating on the 1 billion tonne production target, he said though CIL is on course to achieve this by 2025-26, it will depend on factors like the need of the country and the grow

Elevated coal price a drag on margins of domestic base metal players: Icra

The increased price of coal continue to be a drag on the margin of domestic base metal players with no immediate relief in sight, rating agency ICRA said on Thursday. In a recent note on the primary base metal industry, ICRA said that the earnings of the industry would continue to remain under pressure in the second half of the current fiscal, following a dull performance in the first half of FY'23. "Elevated coal costs along with metal price corrections remain the key headwinds affecting the margins, with no immediate relief in sight," ICRA said in a statement. On account of input cost pressures, the rating agency said it has revised its estimates of operating profitability of domestic players downward to 18 per cent in the current fiscal. ICRA's operating profitability forecast for domestic players is almost 3 percentage points lower compared to its earlier forecast made in September last year and 10 percentage points lower compared to FY'22. "In FY2024, while some respite is ..

2023 could be another strong yr for coal as demand may reach record levels

Coal India, companies with captive coal mines in steel, power and other sectors will be at an advantage

Tata Power seeks regulator nod to raise tariffs and offset fuel cost surge

A spike in coal prices has increased cost of generation

Domestic steel prices inching up on rising cost, pick-up in demand

Currency depreciation of over 6% may have supported uptrend; industry players confident that prices have bottomed out

Coal price hike remains difficult for CIL: Chairman tells analysts

Coal India on Thursday informed investors that increasing coal prices remains difficult in the current context when the economy is grappling with high inflation. The miner was seeking to raise prices to mitigate high input costs on account of high diesel and explosives prices, among others. Coal India has not raised prices in the last four years. "All stakeholders are not coming on board," Coal India chairman Pramod Agrawal told analysts, responding to questions on coal price. Coal India was rather focussing on ramping up production and cost control to overcome the cost pressure. The miner posted its best-ever profit for the April-June quarter, backed by high demand for coal. It posted a 179 per cent year-on-year rise in its consolidated net profit to Rs 8,832.86 crore for the first quarter. Coal India was hopeful of reaching close to the H1 production target of 306 million tonne by September. For FY23, the annual production target is 700 million tonne. Coal India expects to ach

Coking coal price rise likely to delay margin recovery of steelmakers

The domestic market has also seen a sharp correction in steel prices from peak levels

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

UltraTech profit falls 7% due to increased fuel and power costs hit

It still beat Q1 estimates despite decline on both YoY and sequential bases

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

Sagar Cements tanks 12%, hits 52-week low on growth concerns

The geopolitical tensions between Russia and Ukraine have resulted in sharp increase in pet coke and coal prices, thereby, denting overall profitability of the business.

India's petcoke imports seen doubling amid soaring global coal prices

Global coal prices are near record highs due to fears of a supply crunch following the European Commission's decision to ban coal imports from Russia after its invasion of Ukraine