State-owned CIL on Tuesday said it has extended the tenure of fuel supply pact to ten years from the earlier five years for the non-regulated sector. The move aims at ensuring long-term assurance of coal supply through linkage auction to the non-regulated sector. Coal India Ltd (CIL) has begun the seventh tranche of the linkage auction to the non-regulated sector within days of completion of the sixth round. "CIL has proactively increased the tenure of fuel supply agreement (FSA) to 10 years, beginning with the seventh tranche," the company said in a statement. For sponge iron sub-sector customers, the seventh round of linkage auction started in the last week of December to meet their coal demand, even though the conversion ratio of successful bids into FSAs was low by this sector in the sixth round. "CIL is committed to supplying coal to the extent of the normative requirement of all industrial sectors including sponge iron. In this endeavour, regular linkage auctions, as per the
The country registered an 11.7 per cent rise in coal imports to 20.95 Million Tonnes (MT) in November as compared to the year-ago period. The country's coal imports in November 2022 was 18.75 MT, according to data compiled by B2B e-commerce company mjunction services. However, coal import in the April-November period of the current financial year dropped to 169.08 MT from 173.47 MT in the year-ago period. There was reduction in coal imports due to ample domestic supply and a slowdown in demand after the festive season in October, mjunction MD and CEO Vinaya Varma said. The demand for imported coal, he said, is likely to remain subdued in the coming months. Of the total import in November 2023, non-coking coal import was at 14.37 MT, against 11.88 MT in the same month the previous year. Coking coal import was at 4.23 MT, against 3.90 MT imported in November 2022. During the April-November period in 2023, non-coking coal import stood at 108.90 MT, lower than 116.28 MT imported dur
The government on Monday said that coal production from captive and commercial blocks is likely to be 186.63 Million Tonnes (MT) in the next fiscal. The production will be further enhanced to 225.69 MT in FY26, the coal ministry said in a statement. "As per the present plans of the ministry, production targets from such mines will be touching 383.56 million tonnes by FY 2029-30," the coal ministry said in a statement. In the 2024-25 fiscal, coal production from such mines is expected to rise to 186.63 MT, the government said. In December 2023, the total coal production from captive and commercial coal mines rose 38 per cent to 14.04 MT from 10.14 MT in the year-ago period, it said. As per the latest figures, 50 captive and commercial coal mines are in operation. The total coal production from captive and commercial coal mines in the April 1-December 31, 2023 period was 98 MT, as per the statement. In 2020, Prime Minister Narendra Modi had launched the auction process for 41 coal
The coal ministry on Thursday reviewed the status of commercial and captive coal blocks that have already started production as well as those which are expected to commence production. During a high level meeting to review the status of 'producing and expected to produce' captive and commercial coal mines, Additional Secretary at the ministry M Nagaraju also urged the allottees to put in further efforts to achieve the committed coal output target for the current fiscal, an official statement said. As of December, 50 captive and commercial coal mines were under production. According to the statement, Nagaraju also "impressed upon the allottees to take necessary steps to operationalise the coal blocks that are in advanced stages of operationalisation". Within three-and-a-half years of commencing commercial coal mines auction in 2020, 6 mines with a cumulative Peak Rated Capacity (PRC) of 14.87 million tonnes (MT) have already started production. In December 2023, the total coal ...
In a public statement, the Ministry of Coal said the production of Coal India Limited (CIL) has risen to 71.86 million tonnes (mt) in December 2023, as compared to 66.37 mt in December 2022
The data indicates that the combined index of eight core industries showed an increase of 7.8 per cent (provisional) in November 2023, the government said
The country's coal production increased 12.29 per cent to 664.37 Million Tonnes (MT) from April to December 25 this fiscal over the year-ago period, according to an official statement. The country's coal output was 591.64 MT in the same period last year. "As per the latest statistics of the Ministry of Coal, the cumulative achievement in coal production during FY 202324, from April 2023 to December 25, 2023, has touched 664.37 MT, indicating a substantial 12.29 per cent growth compared to the corresponding period last year at 591.64 MT," according to an official statement. The coal dispatch from April to December 25 increased to 692.84 MT over 622.40 MT in the year-ago period. The increase ensures a consistent and robust coal supply to meet the energy needs of the power sector, the coal ministry said. "Furthermore, the overall coal dispatch to the power sector from April to December 25, 2023, increased by an impressive 8.39 per cent, reaching 577.11 MT compared to 532.43 MT during
Rolling out a policy to provide financial support for coal gasification projects, augmenting production and promoting underground mining activities are among the government's priorities for the coal sector, which is key to meet the country's rising electricity demand. Besides, efforts will be made to bring more captive and commercial coal mines into operation, improve the quality of the dry fuel and transportation infrastructure for environmental sustainability. Digitisation of mine records is also on the cards. In an interview to PTI, Coal Secretary Amrit Lal Meena said the government has already notified two policies with respect to coal gasification and plans to provide financial support as well as tax incentives for such projects. The ministry of coal has set a target to gasify 100 Million Tonnes (MT) of coal by FY 2030 in line with its energy transition plans. "Now, we are coming out with a policy for certain financial support and tax incentives (for coal gasification projects
The country is likely to be surplus in coal production by FY26, Parliament was informed on Wednesday. India may be surplus in coal production except for some high quality fossil fuel and coking coal needed for the steel industry and imported coal-based power plants. Replying to a query in Lok Sabha, coal and mines minister Pralhad Joshi said, "India is expected to be surplus in coal production by the year 2025-26 except for some high quality coal and coking coal required for steel sector and ICB plants." To another query, the minster said that against the estimated coal demand of 1,196.60 million tonne (MT) in the current fiscal, the country's production target of the fossil fuel is 1,012.14 MT. Joshi said "the estimated coal demand for 202324 is 1,196.60 MT." The coal production target for 202324 is 1,012.14 MT, the minister said. The government, he said, under a central sector scheme, carries out exploration of coal and lignite through Central Mine Planning & Design Institute .
India's coal imports dropped 4.2 per cent to 148.13 Million Tonnes (MT) in the April-October period of the ongoing financial year. The country's coal imports were 154.72 MT in the corresponding period of the previous fiscal. During the April-October period, non-coking coal imports were 94.53 MT, lower than 104.41 MT imported during the same period last year, according to the data of mjunction services ltd, a B2B e-commerce company. Coking coal imports were at 33.74 MT during the first seven months of the ongoing financial year, slightly up against 32.74 MT in the year-ago period. Imports in October stood at roughly 23.59 MT as against 19.04 MT in October last fiscal, as per the data. Of the total imports in October, inbound shipments of non-coking coal stood at 16.88 MT, against 11.69 MT imported in October last year. Coking coal imports stood at 4.31 MT, against 4.69 MT imported in October last financial year. "There was an increase in volumes as the buyers took fresh positions
India's coal production rose by 11.03 per cent to 84.53 million tonnes (MT) in November compared to 76.14 MT in the corresponding month of the previous fiscal. The production of Coal India Ltd (CIL) increased by 8.74 per cent to 65.97 MT in November 2023 over 60.67 MT in November last fiscal, the Coal Ministry said in a statement. CIL accounts for over 80 per cent of domestic coal output. "The cumulative coal production (up to November 2023) has seen a quantum jump to 591.28 MT (provisional) in FY'23-24 as compared to 524.53 MT during the same period in FY' 22-23 with a growth of 12.73 per cent," the ministry said. The country's coal dispatch increased to 81.63 MT (provisional) last month in comparison to 74.87 MT (provisional) recorded in November last fiscal, registering a growth rate of 9.02 per cent. "The cumulative coal dispatch (up to November 2023) has seen a significant jump to 623.04 MT (provisional) in FY'23-24 compared to 557.80 MT during the corresponding period in ...
The government on Wednesday said that coal will continue to feed the country's power plants and it will make every effort to ramp up the output of fossil fuel to meet the growing demand for electricity. The Centre is also aware of its responsibilities and its commitment to get 50 per cent of energy from renewable resources and the Net Zero goal for carbon emissions by 2070, which is vital to fight for a greener environment. Speaking at the inauguration of the eighth round of commercial coal mines auction, Coal Minister Pralhad Joshi said, "India is consuming more power than ever before. Peak demand for power in the country has already reached 240 GW and is likely to be doubled by 2030. Therefore, while the share of coal-generated power may decline, however, in absolute terms it will increase. The minister also assured that with collective efforts, India will be able to meet the demand vis a vis adoption of sustainable development principles in coal mining. A total of 39 mines have
The country's coal output increased 15.81 per cent to 67.21 million tonnes in September as against 58.04 million tonnes in the year-ago period, an official statement said on Tuesday. The cumulative coal production up to September increased to 428.25 MT in the ongoing fiscal, over 382.16 MT in the year-ago period, registering a growth of 12.06 per cent, the coal ministry statement said. The output of state-owned Coal India Ltd, which accounts for over 80 per cent of domestic coal output, increased to 51.44 MT in September as against 45.67 MT a year ago. Additionally, coal dispatch increased to 70.33 MT over 61.10 MT in September last fiscal. The coal sector witnessed an unprecedented upswing, with production, dispatch and stock levels soaring to remarkable heights, the ministry said. "This exceptional growth is attributed to the unwavering dedication of coal PSUs, which has played a pivotal role in driving this extraordinary progress," the statement said. The coal ministry added t
State-run power giant NTPC on Tuesday reported an 83 per cent rise in coal production in April-September period of this financial year, compared to a year ago. NTPC Ltd has reported a substantial growth of 83 per cent in coal production from its captive mines during H1 FY 2023-24, as compared to the corresponding period in the previous year, a company statement said. The company achieved a coal production of 16.05 million metric tonnes (MMT) during H1 FY24, as compared to 8.76 MMT in H1 FY23 (April-September 2022). In addition, NTPC has also achieved a coal despatch of 17.20 MMT in H1 FY24, marking a significant 94 per cent increase over the previous year for the same period. Till date, NTPC has produced more than 85 million metric tonnes (MMT) of coal from its four operational captive coal mines i.e Pakri Barwadih & Chatt-Bariatu Coal Mines in Jharkhand, Dulanga Coal Mine in Odisha and Talaipalli Coal Mine in Chhattisgarh. Further, mine operations have also started from Kerendari
State-owned CIL on Monday reported a 12.6 per cent year-on-year rise in coal production to 51.4 million tonnes (MT) last month. The PSU had produced 45.7 MT of coal in the year-ago period, Coal India Ltd (CIL) said in a BSE filing. The company's output in the April-September period also increased by 11.3 per cent to 332.9 MT against 299 MT a year ago, it added. CIL's offtake in September increased by 12.6 per cent to 55.1 MT compared to 48.9 MT in the corresponding month of the previous fiscal. The offtake of the Maharatna firm in the April-September period also went up by 8.6 per cent to 360.7 MT against 332 MT in the year-ago period. Coal offtake is the amount of dry fuel supplied from the coal pitheads. Coal India accounts for over 80 per cent of domestic coal output.
About 3.5-4 MT of coal is used to generate 1,000 megawatt (MW) power at 65-75% plant load factor (PLF); with the new plan, total coal usage will increase by 38%
It is not true that India is not reducing coal-based power generation capacity in the energy mix, a senor government official said, adding that the country is targeting over 64 per cent of non-fossil fuel-based capacity by 2030. India has set the target of having 500GW of renewable energy by 2030. Coal-based power generation, however, ensures stable operation of the electricity transmission grid. "It is not true that we are not reducing coal. We are in the business of energy transition. But keeping in mind energy security and supply to each and every consumer, we have to provide electricity to all types of consumers including commercial, domestic and industrial," Chairman, Central Electricity Authority, Ghanshyam Prasad said at the BCC&I Environment and Energy Conclave here. India's power infrastructure is mostly dominated by coal (based generation) as it constitutes more than 50 per cent in terms of capacity. In terms of output, the share of fossil fuel-based energy is 70 to 74 ..
India's total coal imports fell 1.82 per cent to 68.30 million tonne in April-June period of ongoing financial year, according to a report. The import was at 69.57 MT in the same period a year ago, mjunction said in its latest report. The import included non-coking coal, coking coal, anthracite coal, pulverised coal injection (PCI) coal, met coke and pet coke, it said. During the period, non-coking coal import stood at 42.99 MT against 47.44 MT in the same period last year, while coking coal import was 15.89 MT against 14.61 MT imported a year ago. In June 2023, the import stood at around 21.03 MT, down 25.21 per cent as against 28.11 MT imported in the same month last year. India is among the top five coal-producing countries in the world. However, some parts of its coal requirement are met through imports as the country is also among the major consumers of the dry fuel. For coking coal -- a key raw material used in steel making -- the country remains heavily dependent on ...
Coal India contributed the most to this growth, producing 175.35 mt coal in the first quarter of financial year 2023-24
The SECL is procuring over 400 HEMMs that include 261 dumpers with capacity between 60 tonnes to 240 tonnes