Page 9 - Coal

JSW Steel eyes coking coal assets to beef up raw material security

Target is to have 25% linkages in the next few yrs: Acharya

790 million tonnes and rising: Big & small MDOs help meet coal demand

Rising electricity demand is pushing for more coal mining as thermal power continues to be the backbone of supply

Govt extends last date to submit bids under 7th tranche of coal auctions

The government has extended the last date to submit bids under the seventh round of commercial coal auctions till June 27, 2023, an official statement said Wednesday. The government had earlier fixed May 30 as the last date to submit bids for the 106 coal mines that were put on the block in the latest round of auctions. On March 29, the government launched the seventh round of commercial coal auctions in a bid to increase the availability of the dry fuel in the country. In a statement, the Ministry of Coal said: "In view of requests received from a large number of potential bidders, it has extended the last date for bid submission by 28 days and now the last date for bid submission for the seventh round of auctions is 27.06.2023 which was 30.5.2023 earlier." The ministry further said that so far 133 mines with cumulative peak rated capacity (PRC) of 540 million tonne per annum (MTPA) have been allocated/auctioned. In order to facilitate the private players for early development of

Coal imports could be cut as CIL output rise to 1 bn tonnes: PM Prasad

Imports of non coking coal could be cut drastically by fiscal 2025-26 on the back of increased output of dry fuel in the country, P M Prasad, Chairman and Managing Director of Central Coalfields Ltd (CCL) said. The chairman of the Coal India subsidiary said the world's largest coal miner, Coal India Ltd, would be able to produce one billion tonnes by FY26. "We have to see that targets are in place. Last year (fiscal 2022-23) we (Coal India) produced 703 million tonne. The target for FY 24 is 780 MT and FY 25 is 880 MT, Prasad, whose name was recommended by the PESB earlier this month for the job of CMD of Coal India Ltd, told PTI. He added that the CIL production will touch one billion tonnes in FY 26. If we achieve this, definitely imports of non-coking coal will be reduced....within three years non coking coal imports can be brought down to a minimum level," Prasad said. India's overall coal production has witnessed a quantum jump to 893.08 MT in FY 2022-23 as compared to 728.

Refex Industries posts standalone PAT of Rs 50.67 crore in Jan-Mar quarter

Refex Industries Ltd, engaged in selling refrigerant gases and handling coal ash and fly ash, has reported a standalone profit after tax of Rs 50.67 crore for the quarter ending March 31, 2023, the company said on Friday. During the corresponding quarter of the previous year, the figure stood at Rs 24.01 crore. For the year ending March 31, 2023 the standalone profit after tax grew to Rs 116.06 crore, compared to Rs 45.38 crore a year ago. Refex's standalone total income during the quarter under review went up to Rs 631.97 crore from Rs 178.11 crore in the same period of the previous year. For the year ending March 31, 2023 that figure rose to Rs 1,637.43 crore from Rs 448.98 crore in the last financial year. In a press release, the company said, "This quarter has shown an unprecedented result which is a testimony to our rigorous efforts and commitment." "Even at the quarterly level, the business segments have been able to keep the momentum that had been achieved through the quar

Coal to stay important: Energy majors at 'Just Transition' meeting

At CIL, challenges would be "the most extreme", said its Chairman and Managing Director Pramod Agrawal

Coal imports rises to 162 MT in FY23; inbound coking coal grows to 54 MT

India's coal imports increased by 30 per cent to 162.46 million tonnes in the 2022-23 financial year against 124.99 MT in the year-ago period, according to a report. The import of coking coal rose 5.44 per cent to 54.46 MT over 51.65 MT in FY22, mjunction said in its latest report. In March alone, the non-coking coal import stood at 13.88 MT against 12.61 MT in the same month last year. Coking coal imports were 3.96 MT against 4.76 MT imported in March 2022. India is among the top five coal-producing countries in the world. However, some parts of its coal requirement are met through imports as the country is also among the major consumers of the dry fuel. For coking coal -- a key raw material used in steel making -- the country remains heavily dependent on imports. "The persistently high demand for steam coal in India coupled with the weakening of seaborne prices led to increased volumes during March. This trend is likely to continue in coming months in view of the above-normal ..

Coal to dominate India power mix until 2030 despite record renewables push

Modi's administration has previously opposed international efforts to set firm deadlines to phase out the use of coal and envisages a key role for the fuel for decades to come

India's coal production rises 22.6% in 5 years to 893.08 mn tonnes in FY23

India's coal production has registered a growth of about 23 per cent in last five years to 893.08 million tonnes (MT) in FY23, an official statement said on Wednesday. "India's overall coal production has seen a quantum jump to 893.08 MT in FY 2022-23 as compared to 728.72 MT in FY 2018-2019 with a growth of about 22.6 per cent," the coal ministry said. In the last five years, the production of Coal India Limited (CIL) has increased to 703.21 MT from 606.89 MT in FY19, registering a growth of 15.9 per cent. While Singareni Collieries Company Limited (SCCL) has registered a growth of 4.3 per cent at 67.14 MT in FY23 compared to 64.40 MT in FY19. Contribution from captive and other mines to the total coal output also increased to 122.72 MT in FY23, up 113.7 per cent from 57.43 MT in FY19.

Govt aims for 1 bn coal production, Rs 21,030 cr capex for PSUs in FY24

In a first, the coal ministry has set an ambitious target of 1 billion tonne coal production during 2023-24 under its 'Action Plan' for the sector and a capex target of Rs 21,030 crore for its PSUs. In a statement, the ministry said it has conceptualized the Action Plan for FY24 with the goal of achieving Aatmanirbhar Bharat by enhancing the production, efficiency, sustainability, new technologies etc in the coal sector. "It is an ambitious, well-crafted roadmap that covers a variety of areas including a total coal production target of 1012 MT for 2023-24," it said. The ministry has already taken various steps to increase the coal production and efficiency like mining developers cum operators (MDO) for the operationalization of CIL (Coal India) mines/blocks and production in discontinued/abandoned mines on the revenue sharing basis. The ministry has also formulated a strategy to enhance coking coal availability in the country to reduce imports. Coal companies along with the ministr

Coal ministry aims to produce 1,012 million tonnes of dry fuel in FY24

Coal ministry aims to produce 1,012 million tonnes of dry fuel in the current financial year

India's coal output rises 8.67% YoY to record 73.02 mn tonnes in April

India's coal production rose 8.67 per cent year-on-year to record 73.02 million tonnes in April this year. "India's coal production has made a new record of the highest production during the month of April 2023, achieving 73.02 million tonnes (MT) of coal with a growth of 8.67 per cent as compared to 67.20 MT during April 2022," a coal ministry statement said. Coal India Ltd (CIL) reported production of 57.57 MT in April 2023 compared to 53.47 MT in Apr 2022, representing an increase of 7.67 per cent, it added. The Ministry of Coal has paved the way for releasing additional coal in the market by greater utilisation of mining capacities of captive/private coal blocks, which has led to an increase in coal production by 17.52 per cent to 9.88 MT (provisional figure) in April 2023 compared to 8.41 MT in April 2022. The total coal despatch (supply) has registered a growth of 11.76 per cent -- from 71.99 MT in April 2022 to 80.45 MT in April 2023. This is mainly due to the initiatives t

Biden plans to stringent limits on GHG emissions on coal, gas power plants

The White House is in the final stages of reviewing a draft proposal from the Environmental Protection Agency, which would target both new and existing power plants

Coal exports: Low quality, rising power consumption may be major hurdles

Back to the issue of exports, India would need to mine surplus coal beyond its domestic needs

Asia's chip makers powered by coal and gas imperil climate goals

None of the 13 semiconductor, display and final assembly companies have climate commitments in line with the Intergovernmental Panel on Climate Change recommendations

Govt bets on carbon capture to go green, plans to unveil CCUS policy soon

Experts say this technology will help India meet its emissions goals

NTPC to build more coal plants this year to meet soaring power demand

The projects underscore how even as India sets ambitious long-term decarbonization targets, in the near term it will continue to rely on the dirtiest fossil fuel to meet rapidly growing power demand

Coal India needs to raise prices, but caught between political constraints

The state-owned miner needs to raise prices but it is caught between the political constraints on its major buyer, electricity producers and close decision-making control by the coal and power

Coal production rises by 12% to 107.84 mn tonnes in March 2023: Ministry

At the same time, coal dispatches increased by 7.49 per cent to 83.18 million tonnes from 77.38 million tonnes during March 2023 as compared to March 2022

Power generation grows at fastest pace in 33 years, fuelled by coal

Output from plants running on fossil fuels rose 11.2 per cent, the quickest growth in over three decades, thanks to a 12.4 per cent surge in electricity production from coal