Larger shares of the state-owned miner's production are sold significantly below global benchmark prices, deterring global investors from participating in divestment plans
India is the world's second-largest coal-producing nation (770 million tonnes per annum) and coal accounts for 50 per cent of the 407.79 Gw of electricity generation in the country
The Centre on Wednesday said that the demand for coal in India is still to reach its peak and the dry fuel will continue to play a key role in the energy mix till 2040 and beyond. Therefore, shift from coal will not happen in foreseeable future in the country, according to coal minister Pralhad Joshi. Joshi in his opening remarks, while chairing a meeting of Parliamentary Consultative Committee of the coal ministry, said that there is a push towards energy transition away from coal in the global world. "However, for India, coal, being an affordable source of energy, holds prime importance for meeting its energy needs being fuelled by rising economy," he said. Coal accounts for more than 51 per cent of India's primary energy requirement and around 73 per cent of power generation. During the meeting it was also informed by the coal ministry that although there are no immediate challenges of coal phase down, companies involved in coal mining will have to manage the closure of already
On Novemebr 3, Union Finance Minister Nirmala Sitharaman launched the biggest ever coal mine auction of 141 mines in India
The coal ministry has auctioned close to 64 coal mines to date under commercial auction
The furious pace of production has helped prevent the blackouts of last year but there are questions over whether the state-owned miner can sustain the pace
Union Coal Minister Pralhad Joshi on Thursday said to meet the coal requirements of the country, it is necessary that all subsidiaries of Coal India Ltd (CIL) achieve their annual targets. Joshi visited Western Coalfields Ltd headquarters in Nagpur and attended various programmes, said a press release issued by WCL. Western Coalfields Ltd (WCL) is one of the eight subsidiary companies of CIL, a central PSU. The minister also presided over a review meeting and took stock of the production, productivity and coal dispatch status of WCL, said the release. Chairman-cum-Managing Director of WCL Manoj Kumar briefed the minister on coal mining activities and assured the company would achieve the production target by the year-end. In order to meet the coal requirements of the country, it is necessary that all CIL subsidiaries achieve their annual targets, the release quoted Joshi as saying. He said to make the country self-reliant in the coal sector, it is necessary to strengthen the ...
CIL will achieve 1 billion tonne coal production target by 2025-26 as against the earlier timeline of 2023-24 in view of the COVID-19 pandemic, Union Minister Pralhad Joshi said on Wednesday. Coal India Ltd (CIL) accounts for over 80 per cent of the domestic coal output. "Due to COVID our earlier target has been postponed. We will fulfil our dream of one billion tonne and we will be aatmanirbhar in thermal coal...By 2025-26, Coal India will produce one billion tonne," Joshi said on the sidelines of a function here. CIL was earlier eying 1 billion tonne coal production by 2023-24. Replying to a question, he said as far as thermal power plants are concerned, there is an average coal stock of 24 million tonne and day-to-day stock of the fossil fuel is adding. "Our plan is to keep at least 40 million tonne of coal as far as March 31 is concerned," he said. Coal output by CIL in current financial year is expected to be 700 MT and there would be additional output of 200 MT from othe
The country's coal output rose a 12 per cent to 57.93 million tonnes in September. India's coal output stood at 51.72 MT in the year-ago period. "During September 2022, CIL (Coal India Ltd), Singareni Collieries Company Ltd (SCCL) and captive mines/others registered a growth of 12.35 per cent, 8.43 per cent and 12.37 per cent by producing 45.67 MT, 4.93 MT and 7.33 MT, respectively," as per the provisional statistics of the coal ministry. Of the top 37 mines, the output of 25 blocks has been more than 100 per cent and another five mines' production stood between 80 and 100 per cent in the last month. The dispatch of coal also went up marginally by 1.95 per cent to 61.18 MT in September, over 60.02 MT in the corresponding period last year. "During September, 2022, CIL, SCCL and captive mines /others registered a growth of 1.03, 4.13 and 6.84 per cent by despatching 48.88 MT, 4.77 MT and 7.53 MT, respectively," the coal ministry said. The dispatch of coal to power utilities also we
Northern Coalfields Ltd on Saturday said it has produced 64 million tonne of coal, registering a 19.8 per cent growth in the first half of the 2022-23 financial year. The miner had produced 53.44 million tonne of coal in the year-ago period. The Singrauli-based subsidiary of Coal India said its dispatch also grew by 16.1 per cent year-on-year in the first two quarters of the current fiscal. The company dispatched 66.82 million tonne of coal in the April-September period as against 57.55 million tonne achieved in the corresponding months last year. NCL has fed powerhouses with 60.80 million tonne of coal, which is 91 per cent of the total dispatched to consumers till date, the miner said in a statement. "The company has been entrusted with the prime responsibility of fulfilling the energy aspiration of the country and exhorted every miner of the company for concerted efforts to make the nation self-reliant in the coal sector," NCL CMD Bhola Singh said. NCL has been entrusted with
Coal production has stopped at Parsa East & Kanta Basan block in Chhattisgarh since last month, and it may "adversely impact" the coal output target from captive mines for this year, an official statement said on Tuesday. Parsa East and Kanta Basan, a 15 million tonnes per annum (MTPA) coal mine operated by Adani Group and owned by Rajasthan Rajya Vidyut Utpadan Nigam (RRVUNL) in Chhattisgarh, stopped producing dry fuel since mid-August due to continuous protests by residents of the nearby forest area, according to sources. During the review of the coal blocks undertaken by additional secretary, coal, and nominated authority in the presence of project proponents, "it was noted with concern that Parsa East & Kanta Basan coal block production has stopped and Parsa coal block production has not started. Continued stoppage may adversely impact achievement of target this year." The government has set the coal production target of 130 million tonnes from captive blocks during the
Coal output in India rose to 58.33 million tonnes in August 2022, up by 8.2% from the 53.88 million tonnes recorded in the corresponding period of last year
India produced 58.33 million tonnes of coal in August, missing its target of 67.94 MT for the month, according to the government data. The coal production target for August was 67.94 million tonnes (MT), according to the government's monthly statistics (provisional). However, the production during last month increased by 8.27 per cent to 58.33 MT in August from 53.88 MT in the corresponding month of previous fiscal. Country's coal output in the first five months of the ongoing financial year increased to 324.39 MT as against 263.97 MT in the April-August period of the previous fiscal. The total despatch of coal also increased by 5.41 per cent to 63.43 MT in August over 60.18 MT in the year-ago month. Amid rising demand, the supply of coal to power utilities grew by 10.84 per cent to 54.09 MT during August compared to 48.80 MT in the same month last fiscal. The overall power generation last month was 3.14 per cent higher than that of August last fiscal. Coal-based power generatio
The release said NTPC has taken various steps to augment the coal production from its coal mines
With regards to commercial mining, coal minister Pralhad Joshi said 43 mines have been awarded during the last two years and that they will generate employment for nearly 32,000 people
State-owned CIL dispatched 152.49 million tonnes (MT) of coal to the power sector during April-June 2022, a year-on-year rise of 19 per cent, Parliament was informed on Wednesday. Coal India Limited (CIL) is the largest producer and supplier of the dry fuel in the country. "CIL has dispatched 152.49 MT of coal to Power Sector in the first quarter of the current fiscal surpassing all the previous highs of the same period and achieving a growth of 19 per cent over last year in the same period," Coal Minister Pralhad Joshi said in a reply in the Lok Sabha. At 14.43 MT, Singareni Collieries Company Limited (SCCL) dispatched 4.1 per cent higher coal to the power sector in the first quarter of the current fiscal. As per Central Electricity Authority (CEA), coal stock at power plants has improved from the level of 25.6 MT as on March 31, 2022 to 29.5 MT on July 26, 2022. According to the minister, in the financial year ended March 31, 2022, India's non coking coal output was at 726.488 M
After long power outages owing to coal shortages over two years, the government and its principal producer have drawn up an integrated plan to preclude the annual seasonal supply dislocations
State-owned CIL on Monday said that it produced 47.3 million tonnes (MT) of coal last month, registering a growth of 11 per cent from the year-ago period. The production of domestic coal usually dips during monsoon every year due to disruptions in mining activity. The company's output in the corresponding month of previous fiscal was 42.6 million tonnes (MT), the coal behemoth said in a BSE filing. Coal India Ltd (CIL) said it maintained the double-digit rising streak for four consecutive months of the current financial year. Coal India accounts for over 80 per cent of domestic coal production. The public sector enterprise produced 207.1 MT of coal in the first four months of the ongoing fiscal, registering a growth of 24.3 per cent over 166.6 MT in the year-ago period. In the wake of a surge in demand from the power sector, CIL supplied 199.4 MT of coal to this sector in the April-July period of the current fiscal, 19.2 per cent more than 167.3 MT supplied in the year-ago ...
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