Page 7 - Coal Sector

BHEL demonstrates tech to create methanol from high ash coal

State-run engineering firm BHEL has successfully demonstrated a facility to create methanol from high ash Indian coal, an official statement said on Thursday.

Centre regulates coal stocks at plants having more than 15 days buffer

Frees up 177,000 tonnes coal from 26 stations

Difficult for CIL to give 50% wage hike to workers, CMD tells union

Coal India Chairman Pramod Agrawal has said it will be difficult for the PSU to give 50 per cent wage hike to workers, as demanded by the unions, due to financial constraints facing the company

Power Mech bags Rs 9,294 crore contract from Central Coalfields

Power Mech Projects Ltd on Monday said it has bagged a Rs 9,294 crore contract from Coal India arm CCL to develop and operate a mine. The project has been awarded to a consortium of Power Mech and AMR India Ltd. Power Mech is the consortium leader with 74 per cent equity stake and AMR India will hold 26 per cent stake. "Power Mech...has been awarded a Mine Development & Operation (MDO) project from Central Coalfields Ltd (CCL), a subsidiary of Coal India Ltd, aggregating to Rs 9,294 crore over the contract period," Power Mech said in a statement. The contract will comprise mine infrastructure development, removal of overburden and extraction of coking coal, processing, crushing and transportation of coal up to washery of CCL, carrying out R&R activities and any other activities incidental to mining as per the project document at Kotre Basantpur Pachmo OCP located in Ramgarh and Bokaro districts of Jharkhand. The project has total coal extraction capacity of 105 million tonne .

Coal India's $5 billion annual wage bill set to rise amid rocky outlook

The state-owned company is expected to begin talks this month that could result in paychecks climbing 20% or more.

Coal India firms up Rs 40,000-crore domestic coal evacuation plan

Coal handling capacity of these 35 projects is estimated to be close to 405 million tonnes per annum (mtpa) by FY24

Coal's share in India's power mix hits highest in more than two years

This year seasonal factors have limited output of renewables, including hydro electricity, which are weather dependent, helping coal's share to rebound

IEA chief backs India on coal, says no exit without financial aid

Lending his weight to India's stand on coal as an energy source, International Energy Agency (IEA) chief Fatih Birol on Wednesday said it won't be fair to ask developing nations to stop using coal without giving international financial assistance to make up for the economic challenge from such a move. Developing nations like India depend on coal for 60 per cent of their energy, and coal and associated sectors are major employment generators, he said at the Energy Horizons Leadership Dialogue organised by Council on Energy, Environment and Water (CEEW). Endorsing the Indian stand of it not being responsible for global pollution, Birol said, "climate change issue we have today, (that is) concentration of carbon in the atmosphere is not an issue of today. It is an issue of almost last 100 years." "And many countries, so-called advanced economies, came to this industrialised levels and income levels by using a lot of coal. These are the US, Europe, Japan," he said. India has maintained

Coal India's production and offtake remained subdued in February

Demand was weak in the month

ED attaches properties worth Rs 1.2 cr of JIPL in coal scam case

The ED has attached properties to the tune of Rs 1.2 crore of Jharkhand Ispat Private Limited (JIPL) in a coal block case

Coal sector to play vital role in achieving $5 trn economy: Amit Shah

Union Home Minister Amit Shah on Monday said coal sector will play a very important role in achieving the target of $5 trillion economy by 2022

L&T wins orders for supply of mining equipment to coal, cement sectors

S N Subrahmanyan, managing director and chief executive officer of L&T, said, these orders are a strong indication of the revival taking place in the mining industry

Govt launches website to support entities involved in R&D in coal sector

The government on Friday announced the launch of a website for entities involved in research and development (R&D) in the coal sector. The website, which has been designed and developed by Coal India subsidiary Central Mine Planning and Design Institute, was launched by Coal Secretary Anil Kumar Jain. "The website will help in disseminating and promoting the knowledge and research work in the coal sector," Jain said. The website broadly displays the guidelines for implementing coal research projects with various forms, so that anybody can submit proposals in requisite manner. It also has lists and outcomes of complete projects and ongoing researches to have a transparency and avoid repetitive nature of projects. It also showcases photos, videos and news clippings related to the coal and lignite sector, and various publications are also available on the website. The website also contains identified thrust areas for future coal research keeping in view the future needs of the ...

Goyal meets top brass of coal, power sectors to consolidate rlys' coal biz

Coal accounts for almost 50 per cent of the freight of the railways

Mamata opposes 100% FDI in coal sector, asks PM to reconsider decision

Coal India is of the view that as foreign companies enter India and start domestic production, it will help in reducing imports.

Auction for commercial coal mining begins with investor-friendly rules

There is effectively no strict eligibility criterion for participating in the auction. The companies/joint ventures should be registered in India.

CIL union asks workers to follow Covid-19 norms during June 10 agitation

Along with protest, the union has decided to submit a memorandum jointly to the Prime Minister through the head of the company/area and also through e-mail

Allowing pvt sector to mine and sell coal commercially is a mammoth task

The government plans to auction 50 mines immediately

Coal washing not mandatory for supply to thermal plants: Environment min

In a gazette notification on Thursday, the ministry amended the Environment Protection Act to drop mandatorily washing coal for supply to thermal power plants.

MSMEs to get loans at 9.25% under Centre's Rs 3-trillion package

100 per cent guarantee coverage will be provided by National Credit Guarantee Trustee Company (NCGTC) for additional funding of up to Rs 3 trillion to eligible MSMEs and interested MUDRA borrowers