Page 16 - Coal

Govt plans to auction 17 non-operational mines surrendered by PSUs: Joshi

The government plans to put on auction 17 mines surrendered by public sector undertakings which could not put the blocks into operation, Coal and Mines Minister Pralhad Joshi said on Tuesday. The statement comes in the wake of the government making efforts to ramp up domestic coal production to ensure adequate availability of dry fuel to different sectors. "Just the-day-before yesterday (Sunday) I got 17 blocks back and they are very good blocks and I am putting them for auction now," Joshi said. Speaking during a conference on the Indian minerals and metals industry organised by NMDC and FICCI, the minister said many PSUs in the country in sectors like coal were sitting on big mines. The government decided to take away all those mines from the public sector undertakings which do not get into operation even after the lapse of five to six years and put them on sale. "I talked to the chief ministers and ministers of a few states and asked them the reasons for sitting on mines. These

India buys discounted Venezuelan petroleum coke to replace coal: Report

India's growing appetite for Venezuela's petcoke - a byproduct from oil upgrading and an alternative to coal - is being driven by a scramble for inexpensive fuel to power industries

Indian Railways conducts test run of its longest freight train

The Railways conducted a test run of the 3.5-km-long freight train, Super Vasuki, with 295 loaded wagons carrying over 27,000 tonnes of coal between Korba in Chhattisgarh and Rajnandgao in Nagpur

Keeping Europe warm this winter will come down to Asia's weather amid war

The Asian countries, among the world's biggest importers of liquefied natural gas and seaborne coal, all share a peak heating demand season during the winter with Europe

Centre revokes mandatory coal import target after many flip-flops

NTPC and Coal India had awarded import contracts to Adani

Rethinking the coal issue

What the government needs to realise is that coal demand cannot be ignored for at least three decades, if not more

How CIL is chasing the monsoon to reduce coal supply disruptions

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

Traffic surge at ports a sign of India's economic revival: Report

Both coal and crude oil grew 16 per cent year-on-year (YoY), accounting for 105 mt and 65 mt of traffic in the first quarter, even on the back of record high prices

Action plan in place to ensure adequate coal availability during monsoon

The Union coal ministry is confident that till September-end, there will be 9-10 days of coal stock at the power units

The emerging stress in imports: Surprisingly, it's coal more than oil

Surprisingly, its coal more than oil that is emerging as a huge pressure point

How Indian cement maker Ultratech bought Russian coal using yuan

There is no suggestion that the purchase, the particulars of which have not previously been reported, in any way breaches sanctions imposed on Russia in the wake of its invasion of Ukraine

India's coal production rises by 32.57% to 67.59 MT in June: Govt

At the same time, coal despatch increased by 20.69 per cent to 75.46 MT from 62.53 MT during June 2022 as compared to June 2021.

Coal is the new pain point as India grapples with a massive import bill

Quite low in the pecking order of inbound consignments at one point, the fossil fuel today accounts for a third of the value of crude entering the country

Railways stakes claim for coal transport planning, fix 'big mismatch'

Coal freight is railways' biggest source of revenue, earning it Rs 67,000 crore in 2021-22

Trade gap widens to record $25.6 bn; imports surge to $63.58 bn in June

India's traditional high dependence on crude oil led to its imports soaring 94.2 per cent in June to $20.7 billion

Rlys freight grows 11% on year in June at 125 MT, gains from loading coal

There has also been an increase of 7 per cent in freight leads, or the distance travelled for transportation of goods, which is a source of higher revenue for the railways

Indigenous stealth drone makes maiden flight from test range in Karnataka

The stealth drone, also referred to as an Unmanned Combat Airborne Vehicle (UCAV), has been designed and developed by the Aeronautical Development Establishment (ADE), Bengaluru

Coal India says enough supplies, advises power plants to stock up

CIL has called for bids to supply 2.4 mt of coal to be delivered for the July to September 2022 period

Steel prices likely to go up again from July 1 on high input cost: JSPL MD

"The prices have already bottomed out. There is no chance of reducing them further. There will be an upward price correction from Friday, July 1 mainly on account of higher input cost," he said

UltraTech Cement paying for Russian coal in Chinese yuan: Report

UltraTech importing from Russian producer SUEK, valued at 172.7 mn yuan; SUEK's Dubai unit facilitated trade from Russia's Vanino port; traders say other companies set to pay in yuan for Russian coal