Page 8 - Coal Sector

Covid-19 impact: JSW Energy puts GMR Kamalanga acquisition on hold

In February, JSW Energy said it would acquire GMR's Kamalanga power project (1,050 Mw) in Odisha for Rs 5,321 crore.

Sitharaman announces commercial mining of coal on revenue sharing basis

Sitharaman said commercial mining will be done on revenue sharing mechanism instead of the regime of fixed rupee/tonne.

Core sector output shrinks by 6.5% in March amid coronavirus lockdown

March performance is worst in current series

Covid-19 impact: Demand, pricing pressures to weigh on Coal India

Costs unlikely to fall; does not bode well for earnings

Private sector companies seek 'level playing field' for coal block auction

There are about 80-100 coal blocks which are likely to be auctioned in multiple phases over the next few years

Private mining, finally

Decision to auction coal blocks to commercial miners is overdue

Coal India's October output likely to be 20% lower than last year

Coal India aspires to produce 660 million tonne of the dry fuel in FY20.

Contractor market in coal mining to grow to Rs 60,000 crore by 2030: KPMG

KPMG has also looked at some of the active mining contractors and compared their financial and technical competencies

Coal crunch shuts down three units of NTPC's plant in Odisha's Kaniha

Power production at the plant has dwindled to 1000 Mw against its capacity of 3000 Mw

Unions urge Coal India employees to ignore govt's share sale offer

The government had recently sold 3.19 per cent stake in Coal India

Uncertainty ahead? Coal importers keep close watch on events abroad

Experts believe the unrest in Mozambique and elections in Australia and Indonesia could have a negative impact on Indian companies

Power sector's coal conundrum: How flawed reforms make imports inevitable

India has the world's fifth largest coal reserves at 60.6 billion tonnes, but just one, monopoly supplier: Coal India Ltd (CIL), the world's largest coal-producing company

Coal companies go slow on spending, 52% of targeted expenditure met

Three state run coal companies- Coal India Ltd (CIL), Singareni Collieries Company Ltd (SCCL) and NLC Ltd (formerly Neyveli Lignite Corporation) have spent only 52 per cent of their targeted expenditure till May this year. At the end of May, the combined target for spending is Rs 1757.91 crore of which only Rs 917.69 crore has been spent by the three coal PSUs.Data by the Ministry of Coal shows the total Plan outlay for CIL, SCCL and NLC for this fiscal is pegged at Rs 19048.12 crore. NLC has the biggest outlay of Rs 8948.12 crore followed by CIL (Rs 8500 crore) and SCCL (Rs 1600 crore). On coal production, both CIL and SCCL fell short of their assigned targets in the April-May period. CIL produced 79. 2 million tonnes (Mt) of coal by May end against its target of 91.7 mt. SCCL fared better though its production at 9.5 mt in the same period was less than the targeted 10.5 mt.Overall coal despatches by both CIL and SCCL showed improvement over the previous fiscal. CIL's coal despatch .

Asia thermal coal sector to remain under pressure next year: Fitch

Supply-demand dynamics remain on soft ground, as China eliminated only 152 million tonnes (MT) of excess capacity in 8M16

Emission, not coal, is the problem: World Coal Association

In this Q&A, Benjamin Sporton, Chief Executive, World Coal Association calls for investing in low-emission technology instead of trying to stay away from coal