Page 8 - Coal India

Coal India Q2 net profit almost flat at Rs 2,937 cr; revenue rises 10%

The firm accounts for over 80 per cent of the total domestic coal output

Amid mounting dues, Coal India's price hike plan likely to be delayed

Coal India's plan to raise prices is likely to be delayed as it has failed to secure the nod of key stakeholders amid an outstanding of Rs 24,000-25,000 crore pushing company in a tough situation

Coal supply by Coal India to power sector jumps 23% y-o-y in Oct

The development assumes significance in view of the country's power plants grappling with fuel shortages

In the dark: Stress test for the coal economy in India to meet demand

The mechanics of production and supply logistics suggest that power producers will struggle in the coming year too

CIL stepped up coal supply to meet increased demand of power sector: Joshi

Coal Minister Pralhad Joshi on Thursday said state-owned CIL has stepped up fuel supply to meet the increased demand of the power sector and arrest shortages at thermal power plants

Recent coal crisis opens doors for govts to micro-manage the market

Union power ministry in August decided to limit the stock holding to 15 days, which implied it wanted power plants to stock the bare minimum of what CEA advises

Coal supply prioritised temporarily to power sector to replenish stock: CIL

State-owned CIL on Tuesday said the supply of coal was prioritised temporarily to power producers to replenish their dwindling stock of the dry fuel. The statement assumes significance in the wake of the country's power plants grappling with fuel shortages. "In view of the low stock position at the power house end due to a spurt in economic activities during post-second wave of COVID-19, the supply of coal was prioritised temporarily to the power sector to replenish their dwindling coal stock," Coal India Ltd (CIL) said in a statement. To achieve the same in the quickest possible time, coal companies were advised only to go slow temporarily on conducting further e-auction of coal, barring the special forward e-auction for power. "This was a highly transitory measure to tide off the current high demand scenario in the power sector and normalcy will be restored soon," the filing said. Coal Minister Pralhad Joshi on Tuesday discussed ways to improve coal stocks at thermal power plant

Coal India arm MCL dispatches over 5.47 lakh tonnes of dry fuel

The statement assumes significance in the wake of the country's power plants grappling with coal shortages.

Aluminium plants grappling with critically low level of coal stock: AAI

Aluminium plants in the country are grappling with critically low level of coal stocks and if the fuel supply is not restored immediately it would lead to irrevocable collateral damage, industry body AAI warned on Friday. The statement comes at a time when the supply of coal by CIL to non-power sectors has been kept suspended temporarily amid electricity generating plants in the country facing fuel shortages. "Today also, aluminium industry has not received any relief with respect to the ongoing coal supply crisis. Indian aluminium plants are grappling with critically low levels of coal stock, with no recourse or alternative means to meet their power needs and keep the plants operational," Aluminium Association of India (AAI) said. It further warned that if coal supply is not restored immediately, it would lead to an irrevocable collateral damage of these national assets. "Any power outage in aluminium plants will lead to catastrophic impact & complete shutdown which will take ...

Coal India to refrain from e-auction till stock situation stabilises

Amid the low stock position at the electricity generating plants, state-owned CIL has asked its subsidiaries to refrain from conducting any further e-auction of coal

India and China's coal mining revival holds an energy crisis lesson

Coal India Ltd., the world's top miner of the commodity, has temporarily stopped deliveries to all consumers in the country other than power stations, even as it boosts deliveries from mines

Number of plants under outage down by 50% with improved coal supply: POSOCO

Total capacity under outage has reduced from to 6 Gw on October 13 from 11 Gw a day earlier

Coal India halts supply to non-power users, hitting industry

India is the world's second largest coal producer, with the world's fourth largest reserves

Coal India temporarily halts supply to non-power customers: Report

Coal India Ltd, the world's biggest miner, has temporarily stopped supplies to non-power users, a company official said, as India battles one of its worst power supply deficits in years

CIL asked Mahagenco to augment coal stock at thermal power plants

Maharashtra State Power Generation Co (Mahagenco) had requested WCL to supply 10.5 rakes of coal per day to its power plants in June against 22.5 rakes per day

Coal availability to power plants likely to improve gradually in Oct: ICRA

Domestic rating agency Icra on Wednesday said it expects the availability of coal to power plants to improve gradually during the current month with expected augmentation in both coal production and dispatch levels. "We expect the coal availability to improve gradually during October month with expected ramp-up in both coal production & dispatch levels, also given the seasonality in energy demand moderation expected from November month," Sabyasachi Majumdar, Senior Vice President & Group Head - Corporate Sector Ratings, ICRA said. As a result, thermal plant availability for majority of IPPs/gencos having long-term PPAs (power purchase agreements) is unlikely to remain below 85 pe cent on annual basis and thus, any adverse impact on the credit profile is unlikely, given the two-part nature of long-term PPAs with recovery of fixed charges linked to availability of 85 per cent, Majumdar said. While energy demand grew sharply with at 12.7 per cent Y-o-Y in the first half of FY'22,

Fuel shortages: Joshi on visit to coal-rich states Chhattisgarh, Jharkhand

The minister will on Wednesday review and visit three mines--Gevra, Dipka and Kusmunda in Chhattisgarh -- of Coal India arm South Eastern Coalfields Ltd and will hold meeting with Jharkhand CM

Coal dispatches to power plants being enhanced: Pralhad Joshi

Various power plants are grappling with fuel shortages and efforts are being made to increase fuel supplies.

Govt asks CIL to raise coal supply to power plants during Durga Puja

The development assumes significance in the wake of the country's power plants grappling with coal shortages

Coal India arm provides 76.6% coal to power producers in current month

Coal India Ltd (CIL) accounts for over 80 per cent of the total domestic coal output.