Page 16 - Coal

Power producers likely to look at domestic coal to cut costs

Tata Power would look at domestic coal at its Mundra plant to cut losses

While Trump tries to bring back coal, the UK goes coal-free

Trump administration appears dead-set on propping up a dying dirty industry

Odisha's coal revenue slides as MCL struggles to meet output target

After posting a consistent rise in four years from 2012-13 to 2015-16, coal royalty collection in Odisha has witnessed a slide in this fiscal with Coal India's biggest producing subsidiary Mahanadi Coalfields Ltd (MCL) struggling to meet its targeted coal production.Coal revenue collection in the state in Odisha was Rs 1384.52 crore by the end of February. Last fiscal, the royalty collection stood at Rs 1627.27 crore. Royalty collection from coal has progressively rose from Rs 1245.24 crore in 2012-13 to Rs 1378.58 crore in 2013-14 and to Rs 1439.17 crore in 2014-15.MCL has a target to produce 167 million tonne (mt) of coal out of Coal India's total output of 598 mt pegged for this fiscal. But, sporadic halt in work at some of its key mines might pull down actual output. The Ministry of Coal, taking note of the hit in production, estimates that the shortfall in production by MCL could be in upwards of 20 mt in this fiscal.Coal secretary Susheel Kumar has conveyed to the Odisha chief ..

Coking coal valuation tricky for Coal India's foreign ambition

In its move to secure steady coking coal supply for the steel sector which is stressed with price volatility, world's largest coal company, Coal India, is likely to face challenges in valuation of the assets it wants to either acquire or opt for an offtake commitment.According to analysts, coking coal prices have doubled at $ 160 a tonne since the last year resulting in the existing assets being overvalued."At this juncture, when coking coal assets' valuations have shot up substantially, valuating them for acquisition or partnership will be very tricky", an analyst with Motilal Oswal said.In its venture of acquiring coal assets abroad through its subsidiary, Coal Videsh, the company has two choices.A company official said that Coal Videsh can either opt for an outright acquisition of existing and operational assets which will reduce the risk associated with allocation and eventual exploration of coal reserves or opt for partnership with operational firms."Acquisition will call for an .

States free to supply coal to power plants

The landed cost of power shall be inclusive of the transmission charges and losses

Coal imports decline by 22% to 14 million tonnes in January

Coal India accounts for over 80 per cent of domestic coal production

India keen to buy foreign coking coal assets: Piyush Goyal

Coal India has surrendered mining licenses in Mozambique, and doesn't own any foreign coal assets

Coal imports down 25% at 14 MT in December

The coal import in November, 2016 was at 12.51 MT

CCL hikes coal price, eyes more revenue

However, the company did not specify the quantum of the increase

Neelachal Ispat Nigam to import 60,000 tonne of coking coal

State-run PSU aims to reach rated production capacity of 3,000 tonne per day from beginning of FY18

Odisha to get Rs 70,000 cr from coal block auctions

BPCL to set up ethanol plant with Rs 900 crore investment

India to require 884.87 mt of coal in 2016-17: Govt

This assessment has been done for the period up to 2016-17 wherein the demand for coal has been assessed at 884.87 mt, says Coal Minister Piyush Goyal

Rise in imported coal prices puts overseas coal mines back in focus

Most Indian energy companies bought stakes in overseas coal assets in 2010-2011 period when global coal prices were at a peak of $135 a tonne

Costly imported coal squeeze power producers' margins

If the rise in price of imported coal continues merchant power producers may find it difficult to sell power without making a loss, say experts

'Coal will be a key fuel in the energy mix for decades to come'

Q&A with Benjamin Sporton

Steel companies to feel the heat from surge in coking coal price

Since July, coking coal spot prices have increased from $90 a tonne to $245 a tonne

Govt needs 4 times defence budget to meet 2020 coal target

The government would have to invest around Rs 10 lakh crore to achieve the target, according to PwC report

Analysts not worried over rail freight hike for coal

Railways today rationalised coal tariff by reducing the rate for long-distance transportation and increasing it for short distance

After years of pain, coal becomes one of the hottest commodities of 2016

Glencore , the world's biggest thermal coal exporter, has also seen its shares soar from around 70 pence early this year to nearly 2 pounds

Coking coal imports may firm up

A rise of 14% over 43.7 mnt imported in 2015