The move can put pressure on the global prices of coal as the utilities rush to avoid a repeat of the electricity crisis in April
On an average, the PSU supplied 1.66 MT of coal per day to power utilities in April which increased to 1.73 MT during last week
Public sector miner Coal India has asked its employees to step up efforts and breach the production and offtake target of 700 million tonnes for FY23.
The decision to boost imports underscores the severity of India's fuel crisis as coal inventories are at the lowest pre-summer levels in at least nine years
Official plans call for boosting coal production capacity by 300 million tons this year, according to news reports
States such as Punjab, Uttar Pradesh, Maharashtra, Haryana and Andhra Pradesh are witnessing powercuts amid low coal stocks
"The MVA is raising a hue and cry about shortage of coal. If the state government had prepared a plan in advance, it would not have faced power shortage," Raosaheb Danve said
Coal Additional Secretary M Nagaraju said the government is committed to ensuring that mines are properly and scientifically closed for the benefit of the society
Cabinet clears use of land not meant for coal mining
Imported coal-based power generation which was 78.07 BU during April to January 2020 has reduced by 55 per cent to 35.13 BU during corresponding months of current FY'22
The domestic coal-based power generation upto January 2022 is 815.72 Billion Units (BU) with an increase of 12.55 per cent over 724.746 BU during the corresponding period of FY20
It has issued a circular directing certain actions to be taken on priority to enhance the supply of domestic coal
The Standing Committee on Coal, Mines and Steel in its report tabled in Parliament said that a huge amount of dues are outstanding from the states and other utilities
Energy security worries have already driven mining output to record highs and seen new coal-fired power plants go into construction.
Over Rs 754 crore was collected as revenue from coal and other major minerals during the last three years, Meghalaya Commerce and Industry Minister Sniawbhalang Dhar told the state Assembly
Coal India's subsidiary BCCL has posted a record 61% growth in its production to 3.24 million tonne (mt) in February this year over the corresponding month last fiscal, a company statement said
JSW Steel, Jindal Steel & Power Ltd and Bharat Aluminium Company Ltd were among the 21 firms that put in bids in the latest auction of coal mines, the government said on Wednesday. In all, 26 bids were received for the auction of coal mines under the fourth tranche of sale of coal, the coal ministry said in a statement. Five of the 11 coal mines put on auction received single bids. The Gare Palma IV/6 mine in Chhattisgarh received a maximum of eight bids. The mine was originally allotted jointly to Jindal Stel & Power Ltd (JSPL) and Malwa Sponge Iron Ltd in January 2006 to meet the coal requirement of their respective sponge iron plants in nearby Raigarh and Taraimal districts, respectively. However, the allocations, along with others, were cancelled by the Supreme Court 2014. Utkal B1 & B2 mines in Odisha received six bids, while Chinora in Maharashtra got four and three bids came in for Rabodih OCP in Jharkhand. "The process of 4th tranche of the auction of coal mines ...
Russia accounted for roughly 15% of China's total imports and was its second largest supplier behind Indonesia
The approval was given during a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi
According to the Indian Captive Power Producers Association, amid rising energy prices globally, electricity producers will pressurise the government for more domestic coal to fulfill their demand