Page 2 - Coal Sector

Coal India will not have luxury to retain loss-making mines: Official

Mining behemoth Coal India will not have luxury to retain its loss-making mines with its aim to remain competitive in the wake of privatisation of coal blocks, a senior government official said

Union Cabinet approves offering of coal via common e-auction window

The approval was given during a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi

Multiple tailwinds emerge for Coal India after a strong Q3 despite hurdles

Increase in production, higher prices, better margins and high dividend yield are key positives

Coal India committed to meet elevated' demand of power sector: Official

Mining major Coal India Ltd is committed to meet the elevated demand of the dry fuel from the power sector, including coastal plants dependent on imports, a company official said on Tuesday.

Govt inaugurates India's first coal to methanol plant built by BHEL

Union Minister for Heavy Industries Mahendra Nath Pandey on Saturday dedicated India's first BHEL-built 'coal to methanol' pilot plant to the nation here

Adani Group to start coal export from Australian mine this week

Coal is almost entirely destined for India, where fossil fuel is used to generate nearly 70 per cent of the electricity.

CIL to raise coal stock at thermal plants to 45 mn tonnes by fiscal-end

Coal India Ltd (CIL) is aiming for the highest-ever closing stock at power plants, the PSU said

Don't foresee any coal shortage till March 2022, says Coal India chief

He said the last quarter saw "high" output, and issues related to the production of Central Coalfields Ltd and Bharat Coking Coal Ltd are also getting resolved

Coal India auction to non-power sector increases sharply: Report

Coal India had temporarily paused auctions of coal to non-power customers and reduced contracted supplies in October

India will remain a coal-dependent economy well into the future

Despite diplomat-speak at Glasgow, the country will remain a coal-dependent economy well into the future

Coal India to infuse Rs 19,650 cr to strengthen rail infrastructure

The move will increase coal evacuation capacity of the PSU through rail mode by an additional 330 million tonnes per annum (MTPA) by FY2023-24 when the production is expected to scale up significantly

Coal India aims at Rs 40,000-50,000 cr capex in 4-5 years: Chairman

Coal India Ltd on Wednesday said the company is aiming at investing Rs 40,000-50,000 crore as capital expenditure in the next 4-5 years.

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

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

Coal ministry to augment fuel supply to power sector from captive mines

The coal ministry on Friday said it has taken various measures, including diverting the output from captive coal mines, to augment fuel supply to the power sector. The development assumes significance in the wake of country's power plants grappling with coal shortages. "The ministry of coal has taken all efforts to augment coal supplies to the power sector and decided to divert and augment the supplies to power sector from captive coal blocks," the coal ministry said in statement. Captive mines are those that produce coal or mineral for exclusive use by the company that owns the blocks. The ministry offered coal supply from NLC India's Talabira II & III mines in Odisha to NTPC. In this connection, both the companies worked together to commence the supply of coal from Talabira II & III open cast project (OCP) to NTPC (Darlipali & Lara Power Plants). With timely support and necessary coal delivery permits from the department of mines, Goverment of Odisha, the coal ...

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 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,

Is scarcity of coal artificially created, asks Siddaramaiah

He said, power stations should not be privatised - this will be injustice to farmers. Once privatised, free power given to farmers will be stopped.

Coal ministry conducts pre-bid conference for auction of 11 mines

The coal ministry launched the second attempt of the auction of 11 coal mines earmarked for the sale of coal last month.

Coal India scales up fuel supply to power plants to 1.51 MT per day

The development assumes significance in the wake of reports that warned of a power crisis looming large due to the coal shortage in the country.