Page 5 - Coal

Union Minister Reddy launches 10th round of commercial coal mine auction

The move will enhance domestic coal production and ensure energy security for the nation, according to an official statement from the Ministry of Coal

Minister Reddy to launch 10th round of commercial coal auctions on Jun 21

Union Minister G Kishan Reddy will on Friday launch the 10th round of commercial coal auctions in which 60 mines will be put on block, an official statement said on Wednesday. The move will enhance domestic coal production and ensure energy security for the nation. The blocks to be put on sale include both coking and non-coking coal mines, the statement by Ministry of Coal said. The union minister of coal and mines will launch the 10th round of commercial coal mining auctions on June 21 in Hyderabad. Minister of State for Coal and Mines Satish Chandra Dubey, Deputy Chief Minister of Telangana Mallu Bhatti Vikramarka and Coal Secretary Amrit Lal Meena will be present on the occasion, it said. "The upcoming auction round includes 60 coal blocks, encompassing a diverse range of coking and non-coking coal mines. Strategically located across different states/regions, these blocks will support regional economic development and employment generation," the ministry said. Out of 60 coal m

Adani Group's Australian coal port gets $333 million private credit loan

Billionaire Gautam Adani's ports-to-power group is one of India's largest thermal power producers with multiple coal-based plants in the nation

Major world economies seek to halt financing of private sector coal deals

Under the plan, financial institutions would fund the early retirement of coal plants, rather than divest from these assets

Adani group mcap regains $200 bn-mark as co rebuts coal invoicing claims

Adani Group's market capitalisation on Wednesday regained USD 200 billion-mark (Rs 16.9 lakh crore) after its listed firms gained Rs 11,300 crore as investors reposed faith on the company denying any wrongdoing in supply of coal to Tamil Nadu power company. With Rs 11,300 crore gain on Wednesday, the apples-to-airport conglomerate gained Rs 56,250 crore in market capitalisation in the last two trading sessions, stock exchange data showed. The gain came on a day when London-based Financial Times, citing documents from George Soros-backed Organized Crime and Corruption Reporting Project (OCCRP) in a report alluded to a fraud by Adani group by selling low grade coal as high value fuel in 2013. While Adani group denied all allegations, the news report was cited by opposition leaders including former Congress president Rahul Gandhi to demand a probe by a joint parliamentary committee into the alleged wrongdoing. A spokesperson for the group said the quality of the coal was independently

Rail freight grows at 1.4% in April; coal cargo rises by 6.3%

Coal cargo falls by nearly 8 per cent on cooler April in north, west India

India's coal production rises 7.4% in April to 78.69 million tonnes

India's domestic coal production rose 7.41 per cent to 78.69 million tonnes (MT) in April. The country's coal output was 73.26 MT in the corresponding month of the previous fiscal year. "India's coal production for April 2024 reached 78.69 MT (provisional)," the coal ministry said in a statement. During the last month, Coal India Ltd (CIL) achieved production of 61.78 MT (provisional), registering a growth of 7.31 per cent compared to the same period last year when it was 57.57 MT. Additionally, coal production by captive/others last month stood at 11.43 MT (provisional), showing a growth of 12.99 per cent from the previous year, which was 10.12 MT. The country's coal dispatch in April rose to 85.10 MT (provisional) against 80.23 MT in April last fiscal year. Coal India accounts for over 80 per cent of domestic coal output.

G7 nations reach deal to shut down their coal-fired power plants by 2035

The accord will be included in the G7 energy ministers' final communique to be released on Tuesday at the end of a two-day meeting in Turin

Govt asks imported coal-based plants to run full capacity till October 15

The Ministry of Power has asked all thermal plants using imported coal to operate at full capacity for another three and a half months till October 15 to avoid electricity shortage amid rising demand in the country. The ministry has projected peak power demand of 260 GW during the summer season (April to June) in view of longer heat wave duration. Peak power demand had touched all-time higher of 243 GW in September 2023. The India Meteorological Department (IMD) has predicted above-normal maximum temperatures in most parts of the country during summer this year. A power ministry notice to 15 imported coal-based thermal power projects on April 12 stated, "It has now been decided to extend the time period for Section 11 directive to generating companies having imported coal-based plants, up to October 15, 2024." In October 2023, the ministry extended the deadline for these imported coal-based plants to operate at full capacity from November 1, 2023 to June 30, 2024. In February 2023

Govt sets coal production target of producing 170 million tonnes for FY25

The government has set the target of producing 170 million tonnes of coal from captive and commercial coal blocks in the country during the current financial year. In FY24, captive and commercial coal blocks produced 147.12 million tonnes (MT) of dry fuel, 26 per cent higher from 116 MT produced in FY23. According to an official, additional secretary, coal, M Nagaraju this week reviewed the coal production targets for FY25. Representatives of 74 coal mines were present in the review meeting. "Coal block allottees are confident of achieving the production target of 170.0 MT in 2024-25," the official said. The additional secretary also reviewed the plans of anticipated operationalisation of new mines during 2024-25. Out of the total output of 147.2 MT in FY24, power sector captive mines produced around 121.3 MT, captive mines of the non-power sector produced 8.4 MT while commercial mines generated 17.5 MT of fuel. The country's coal import rose to 244.27 MT in the April-February pe

India doubled new coal power capacity in 2023: Global Energy Monitor

The survey also revealed a substantial increase in coal power proposals in India, with both public and private sectors proposing 11.4 GW of new capacity

Coal, the dirtiest fossil fuel, is finally preparing for long goodbye

Coal's days are numbered, of course. Advances in solar and wind have made those technologies far cheaper than coal power in most parts of the world, and similar gains for batteries

Mahanadi Coalfields Ltd crosses 200 MT coal production mark in FY24

Mahanadi Coalfields Ltd (MCL) has achieved the 200-million tonne (MT) coal production mark in the 2023-24 fiscal, officials said Sunday. The MCL has mining operations in Odisha's Angul, Jharsuguda and Sundergarh districts. The company crossed the 200-MT mark on Saturday night. "It gives me immense pleasure to share the news of this extraordinary milestone of 200 million tonnes in coal production. This is not just a number, but a symbol of our commitment, hard work and perseverance," said Chairman-cum Managing Director Uday Anant Kaole. MCL had attained the 100-MT mark in 2009-10, while 150-MT output was achieved in 2021-22.

ACC bags Lamatola coking coal block situated in MP on 3rd day of auction

Cement major ACC Ltd bagged the Lamatola coking coal block situated in Madhya Pradesh on Thursday in the ongoing nineth round of auction of commercial coal mines, according to an official release. ACC submitted the final bid offering a premium of 16.75 per cent against the reserve price of 4 per cent. "Including today's auction, a total of 4 coking coal mines have been auctioned under the ongoing rounds of auction. Once operationalized, these coal mines will reduce the dependency of country on imported coking coal," the Coal Ministry said. The latest round of commercial coal mine auctions was launched by the Coal Ministry on December 20, 2023. As many as 32 coal mines were put on the block. The Lamatola coking coal mine located in Madhya Pradesh has 200 million tonnes reserves of coking coal.

Govt panel backs higher carbon tax on coal imports to limit polluting fuel

Coal is among India's top five commodity imports by value. Despite surging domestic production, mainly of low-quality coal with high ash content

Govt extends mandate for utilities to import 6% of coal needs until June

India last year had asked utilities to import 6% of their coal requirements until March due to an unprecedented surge in power and coal demand

Goal is to build capacity, reduce imports of coal, machinery: Coal secy

India is working on achieving its goal to reduce spending on importing machinery and equipment for coal mining and simultaneously building up its own capacity to step up exports to other countries, Amrit Lal Meena, Union Secretary, Ministry of Coal said here on Saturday. Coal India Limited (CIL) is still dependent on import of high capacity mining machines, rope shovels, 190T Dumpers and front-end loaders. The average annual import of these high capacity mining machines of Coal India Limited (CIL) is approximately Rs 750 crores for which customs duty of about Rs 250 crore has to be paid, he said. CIL has been placing trial orders to encourage manufacturers to develop these equipment in India and results have been encouraging, Meena said while addressing a stakeholders meet on 'Make in India' initiatives for mining machineries here. CIL plans to phase down imports of these equipment gradually over the next few years and make the vision of Atma Nirbhar Bharat a reality, the secretary

Coal minister Joshi launches coal logistics policy for infra development

The coal ministry is building an AI-powered dedicated logistics platform for the fossil fuel which would integrate all the existing central and state-level coal transport tracking systems

CIL to hold 51% stake in Rs 11,700 crore coal-to-chemical JV with BHEL

Coal India Limited (CIL) on Wednesday said it will hold a 51 per cent stake in the joint venture with Bharat Heavy Electricals Limited (BHEL) for the coal-to-chemicals project in Odisha. "To form a JV company to undertake coal-to-chemicals business by initially setting up a Coal to 2000 tons per day (TPD) Ammonium Nitrate Plant using BHEL's in-house developed PFBG (Pressurized Fluidized Bed Gasification) technology," the company informed the bourses. "Equity shareholding shall be 51 per cent with CIL and 49 per cent with BHEL," the miner said. The CIL project involves its subsidiary Mahanadi Coalfields Limited (MCL) in Jharsuguda district of Odisha at an estimated project cost of Rs 11,782 crore considering a debt-equity ratio of up to 70:30, the government said earlier. The venture will kick off with the construction of a state-of-the-art Coal to Ammonium Nitrate Plant, leveraging BHEL's Pressurized Fluidized Bed Gasification (PFBG) technology. CIL, in a pivotal role, pledges to

Ministry of coal encouraging extensive diversification within CPSEs

The Coal Ministry on Tuesday said it is actively encouraging extensive diversification within central public sector units, including Coal India, in line with the country's commitment to varied energy mix. The ministry has two large Central Public Sector Enterprises (CPSUs), Coal India Ltd (CIL) and NLC India Ltd (NLCIL), under its administrative control. "In line with India's commitment to diversifying its energy mix, the Ministry of Coal is actively promoting extensive diversification within CPSEs, establishing pit-head TPPs, solar power plants, coal/lignite gasification plants, and critical mineral exploration," the coal ministry said in a statement. Stressing the use of de-coaled land for cost-effective pit-head thermal power plants, the ministry's directive targets to secure sustainable operations for both PSUs, foreseeing a future coal surplus. CIL is a hard-core coal company with seven arms while NLCIL is in lignite, power generation, new renewable energy and coal ...