Centre can go for auction of 100 fully explored blocks, said Joshi
This comes amid the Centre exuding hope that imports of the fossil fuel would be contained to 235 MT this financial year
Overdependence on Australia for coking coal for its steel plants makes it vulnerable to supply chain disruptions and diminishes its capacity to negotiate on prices
Executives of Indian companies met senior Russian officials, and Leonid Petukhov, CEO, Far East Investment and Export Agency in the presence of Union Petroleum and Steel Minister Dharmendra Pradhan
Thermal coal imports declined by 17.69 per cent to 51.10 million tonnes at the country's top 12 major ports during April-October this fiscal, latest Indian Ports Association report has said. The Centre-owned ports had handled 62.08 MT of the thermal coal in the same period previous year. The Indian Ports Association (IPA), which maintains cargo data handled by these 12 ports, in its recent report said "percentage variation from previous year" in thermal coal handling was at 17.69 per cent. As far as coking and other coal is concerned, its handling recorded a rise of 6.88 per cent at 33.43 MT during the seven months period. These ports had handled 31.28 MT of coking coal in the corresponding period last fiscal. Thermal coal is the mainstay of India's energy programme as 70 per cent of power generation is dependent on the dry fuel, while coking coal is used mainly for steel-making. Earlier, mjunction services -- a B2B e-commerce joint venture between Tata Steel and SAIL -- has repo
India is seen maintaining its reliance on coal-fired power, which accounts for 70% of its electricity generation, even as the fuel emerges as a leading cause for the country's toxic air
But January month saw a decline in coal import to 17.25 MT from 19.59 MT in the same month of the previous fiscal
Import of coal in December however declined 8.09 per cent to 17.25 MT from 18.77 MT in the year-ago month
Elections, rising power demand derail 'zero coal import' plan
As far as coking and other coal are concerned, handling recorded a jump of 6.85 per cent during the first quarter of the current fiscal at 13.03 mn tonnes
Overall, coal and coke imports in April-January of 2017-18 stood at 179.5 MT, marginally lower than 180.8 MT recorded for the same period last year
Between 2007-08 and 2017-18, the number of countries they imported steam coal from has increased from six to 12
Of the 16.6 MT total coal imported last month, the maximum was of non-coking variety at 11.2 MT
Coal imports fell 13.7% to 15.59 MT in October due to higher prices of the fossil fuel in the international market
Govt saved Rs 4,285 crores due to the lower imports
India plans to completely stop thermal coal imports in 2-3 years that would result in an annual saving of Rs 40,000 crore
India lacks good quality resources of steelmaking coal and imports from countries such as Australia and South Africa