The coal ministry has taken consistent initiatives to increase the production of coal from captive mines
Disruptions caused by the pandemic continued to impact cargo movement in India
Coal volumes at the 12 major ports declined for the sixth straight month in September 2020, as per the Indian Ports Association (IPA)
Thermal coal imports dropped 25.42 per cent to 28.93 MT and coking coal shipments fell 31.87 per cent to 16.84 MT during this period
Hit by disruptions caused by the Covid-19 pandemic, both thermal and coking coal imports at India's 12 major ports dropped 31 per cent to 36.7 million tonnes (MT) in April-July 2020
Impacted by the Covid-19 pandemic, coking coal imports too witnessed a decline of 28.49 per cent to 10.69 MT in the quarter
Making it clear that he was not politicising the issue, the minister said many states are importing thermal coal which is substitutable
India imported 51.33 million tonnes of coking coal in 2019, down from 51.63 million tonnes in 2018, the data showed
Icra said it expects Coal India, which has missed annual production targets over the last few years, to fall short of its 2019/20 production forecast of 660 million tonnes by up to 75 million tonnes
Prices of Indonesian coal are down 14% while South African coal has declined 21% in the past six months
The strong purchases take India's first-half imports to 81.9 million tonnes, up 13 percent from the 72.3 million tonnes imported over the same period in 2017
Thermal power producers with three to four years shy of reaching the retirement age are not keen to invest on technology upgrade to meet the latest emission norms notified by the Ministry of Environment, Forest & Climate Change (MoEF&CC).The ministry guidelines mandate thermal power projects to invest Rs 1-1.2 crore per Mw on installing latest equipment to meet the norms to mitigate pollution. The deadline originally fixed for compliance is the end of December this year.Older coal-fired generating units are hesitant to make capital investments. Since they run the risk of being retired after three to four years, any additional investment appears imprudent. Facing stiff competition from renewable energy sources, especially solar power in tariffs and cost of production, thermal power plants feel they should not be burdened with additional investments."No thermal power producer would like to commit on unviable investments at a time when competition from renewables is getting ...
Major cargo that contributed to this achievement includes thermal coal, containers, industrial coal and fertilisers