Tightening supplies of coal have triggered a power crisis in India as about 70% of the nation's electricity is fired by the fuel.
'Mills are paying more than four times the normal costs for procuring coal from e-auctions and from mines'
The power sector's current daily demand is 1.7 mt, of which 1.3 mt is met by CIL
Steel prices are expected to increase in the coming months as companies are buying coal at three times the rates a month ago, said a top industry executive on Wednesday. A tonne of coal, which was in the range of Rs 4,000-6,000 a tonne, is now costing Rs 8,000-Rs 12,000 a tonne, Jindal Steel and Power Ltd (JSPL) Managing Director V R Sharma told PTI in a telephonic interaction. He made the remarks while responding to a question related to the supply of coal in India. "Steel in India at present is in the range of Rs 50,000-Rs 55,000 a tonne. Shortage of coal has led to an increase in its prices that will have an impact on steel which may also go up due to this unprecedented rise," he said. Sharma did not elaborate as to what extent the steel prices may go up in the future. Sharma, who has over 35 years of industry experience, said India consumes 1,200 million tonnes of thermal coal or steam coal per year. However, state-owned Coal India Ltd (CIL) produces 800 MT annually, a shortf
The Parli thermal power station in Beed district of Maharashtra is left with the buffer stock of coal that will last for just two days due to short supply, a senior official said on Wednesday
India, which has the world's fourth largest coal reserves, is facing a shortage of the fuel and has urged utilities to import coal as supplies at several plants run low.
NTPC said the company was augmenting its imported coal capacity of 2.7 million tonne, which was drawn from its earlier contracts
Coal despatch to the power sector in the first nine months of the current fiscal was down by 8.1 per cent at 334.27 million tonnes
Company blames Coal India and Centre's no-import policy
Coal-fired power plants located in Wanakbori, Gandhinagar and Ukai in Gujarat were facing severe coal shortages in September and October
Total need of Odisha is 80 million tonnes, of which captive power producers need only 40 million tonnes for the consumption
Coal security of industries native to Odisha needs to be the priority for the state, SS Upadhyaya of Jindal Stainless
Coal shortage due to lack of other energy sources
Availability touched an all-time high of 431.5 rakes a day in the April-May period, he said
Against stipulated 75% coal mandated in the Annual Contracted Quantity, the CPPs are getting 15-50% coal
Power sector expert said short supply situation led to price of power zooming to over Rs 10 per unit level this month
For a government that vowed to break down silos, this is the test of cooperative federalism that it claimed to reinstate
About a dozen power plants were in critical situation till recently