CIL scripted an all-time high of 124 MT in e-auction sales in 2020-21 posting 88 per cent growth over the preceding year.
Coal supply by state-run CIL to the power sector declined by 5.3 per cent to 277.46 million tonne (MT) in the April-November period of the ongoing fiscal. The state-owned company had supplied 292.88 million tonnes of coal to the power sector in the corresponding period of the previous fiscal, according to official data. In November the fuel supply by Coal India (CIL) was almost flat at 39.38 MT against 39.12 MT in November last year. The fuel supply by Singareni Collieries Company Ltd (SCCL) to the power sector in the eight-month period dropped by 35 per cent to 22.37 MT from 34.44 MT a year ago. In November, the fuel supply by SCCL declined to 3.9 MT from 4.62 MT in the corresponding month of previous fiscal, it said. CIL is a major supplier of the dry fuel to the power sector in India. The government had imposed nationwide lockdown on March 25 to contain the spread of COVID-19. Power consumption started declining from March onwards due to fewer economic activities in the ...
Growth in power demand remains in negative though it is picking up coronavirus-related restrictions are eased: NTPC.
The development assumes significance in the wake of government''s thrust on reducing coal import dependency of the country under the ''Aatmanirbhar Bharat'' initiative
The purpose of e-auction is to provide equal opportunity to all intending buyers for purchasing coal through single window service
The company is eyeing one billion tonne of production by 2023-2024
Coal India accounts for over 80% of domestic coal production
Plan encompasses 14 additional projects from its earlier count of 35
CIL has identified 14 additional projects involving capital expenditure of more than Rs 3,400 crore under the 'first mile connectivity' initiative to upgrade transport facility at mines
This growth comes amid Coal India looking to tap the non-power sector for consumption of its coal in the wake of a slump in demand for the dry fuel
Finance Minister Nirmala Sitharaman on Saturday said the government would end its monopoly in coal mining by allowing private companies
The state-run miner had a target to produce 660 million tonnes of coal in 2019-20 as against 607 million tonnes produced in the last fiscal
CIL is targetting an output of 660 million tonne in the ongoing financial year
Piped conveyor belt transportation of coal is a covered system for movement of coal and thus promotes environment safety and prevents possible coal pilferage
Last week, the trade unions had declined to attend a meeting with Joshi to discuss their demand of withdrawing 100 per cent FDI in coal mining
Coal India is likely to lose around 1.5 million tonne of production due to the stir
Coal India also said the deficit may widen to 262.4 million tonne in the current financial year, if the Centre brings in more schemes
Further fresh auction of coal mines to private players can also lead to higher competition for Coal India
Coal India expects to realise its entire investment on these rakes within a decade
Gulf Oil Lubricants stated that Rs 4.09 million is still pending from CIL, which the latter has denied