The fuel supply by CIL to the power sector peaked to a historic high of 493 million tonnes (MT) as on Thursday in the ongoing fiscal
Coal India, accounts for over 80 per cent of domestic coal output, has a production target of 670 million tonnes for the 2021-22 financial year
Increase in production, higher prices, better margins and high dividend yield are key positives
In an effort to tide over inflationary pressure, the miner will likely raise prices after the assembly elections in five states, including Uttar Pradesh, in March, the sources said
India's coal output stood at 75 million tonnes (MT) in January 2020
Consolidated revenue from operations rose 20% to Rs 28,434 cr
The country's total coal production rose 6.74 per cent to 74.78 million tonnes in December as compared to the same period in 2019, the government said
Over the next two decades, governments are collectively projecting an increase in oil and gas production, and only a modest decrease in coal production
Total capacity under outage has reduced from to 6 Gw on October 13 from 11 Gw a day earlier
For the first time in decades, supply was lower than consumption for four straight years till 2020
Futures gain 9% to intra-day record of $254.3/ton
Officials order more than 70 coal mines to ramp up production by nearly 10%
The endemic supply shortage for thermal power plants offers the chance to transition to gas
CHENNAI (Reuters) -India has urged utilities to import coal as coal-fired electricity generation surged in Asia's third largest economy after an easing of coronavirus-related curbs, with several power plants on the verge of running out of fuel.
State-owned CIL produced 42.6 million tonnes of coal in August, registering an increase of 14.6 per cent over the corresponding month of the previous fiscal.
Pramod Agrawal says the company has been able to increase their average daily production to 1.45 MTs, during the past week
Coal India arm Northern Coalfields Ltd dispatched the highest ever coal in a single day on August 27
India's total coal production registered a marginal decline of 2.02% to 716.084 million tonnes during the last fiscal year
The development assumes significance as the current inventory of coal behemoth is little over 70 million tonnes (MT).
The world's coal producers are currently planning as many as 432 new mine projects with 2.28 billion tonnes of annual output capacity putting targets for slowing global climate change at risk.