Page 6 - Coal
Trade gap widens to record $25.6 bn; imports surge to $63.58 bn in June
India's traditional high dependence on crude oil led to its imports soaring 94.2 per cent in June to $20.7 billion
 "Trade gap widens to record $25.6 bn; imports surge to $63.58 bn in June")
Rlys freight grows 11% on year in June at 125 MT, gains from loading coal
There has also been an increase of 7 per cent in freight leads, or the distance travelled for transportation of goods, which is a source of higher revenue for the railways
 "Rlys freight grows 11% on year in June at 125 MT, gains from loading coal")
Indigenous stealth drone makes maiden flight from test range in Karnataka
The stealth drone, also referred to as an Unmanned Combat Airborne Vehicle (UCAV), has been designed and developed by the Aeronautical Development Establishment (ADE), Bengaluru
 "Indigenous stealth drone makes maiden flight from test range in Karnataka")
Coal India says enough supplies, advises power plants to stock up
CIL has called for bids to supply 2.4 mt of coal to be delivered for the July to September 2022 period
 "Coal India says enough supplies, advises power plants to stock up")
Steel prices likely to go up again from July 1 on high input cost: JSPL MD
"The prices have already bottomed out. There is no chance of reducing them further. There will be an upward price correction from Friday, July 1 mainly on account of higher input cost," he said
 "Steel prices likely to go up again from July 1 on high input cost: JSPL MD")
UltraTech Cement paying for Russian coal in Chinese yuan: Report
UltraTech importing from Russian producer SUEK, valued at 172.7 mn yuan; SUEK's Dubai unit facilitated trade from Russia's Vanino port; traders say other companies set to pay in yuan for Russian coal
 "UltraTech Cement paying for Russian coal in Chinese yuan: Report")
Polluting, expensive: No end in sight to price India pays for imported coal
With domestic production targets slipping, India needs to buy record quantities of the world's most polluting fuel at a time when prices are rising
 "Polluting, expensive: No end in sight to price India pays for imported coal")
Coal shortage hurting non-power sectors still year after supply shift
In the past one year, the non-power sector has seen coal dispatch fall by 33 per cent
 "Coal shortage hurting non-power sectors still year after supply shift")
Rich-poor divide on clean power getting wider and hurting climate fight
Investment in clean energy has only accelerated in the years since Covid-19 struck. In the second half of the last decade, it grew at a 2% annual rate
 "Rich-poor divide on clean power getting wider and hurting climate fight")
No purchase of coal from Russia after April 20 announcement: Tata Steel
Tata Steel has not made any purchase of PCI coal from Russia post its April announcement of severing business ties with Russia amid the ongoing conflict with Ukraine, a company spokesperson said
 "No purchase of coal from Russia after April 20 announcement: Tata Steel")
India's domestic coal production increases by 28% as of June 16, 2022
After a record-breaking coal production of 777 million tonnes (MT) in 2021-22, domestic coal production continues to witness an increasing trend in the current financial year as well
 "India's domestic coal production increases by 28% as of June 16, 2022")
Tata Power to buy coal worth Rs 12,000 cr from Indonesian miner in FY23
Related party transaction will require shareholder approval, says Indian company
 "Tata Power to buy coal worth Rs 12,000 cr from Indonesian miner in FY23")
India's coal imports may drop 11% to 186 MT in FY23: Coal ministry
India's coal import is likely to decline by 11.4 per cent to 186 million tonnes (MT) in the current financial year, even as the state-owned firm has issued tenders to source the fuel from overseas.
 "India's coal imports may drop 11% to 186 MT in FY23: Coal ministry")
Can Indian power sector afford coal imports to meet spike in demand?
State discoms remain financially stressed and are against imports, while domestic coal availability is under pressure
 "Can Indian power sector afford coal imports to meet spike in demand?")
Japan reiterates plan to cut reliance on coal at G7 ministerial summit
A draft communique showed the group would consider committing to a phase-out of coal by 2030
 "Japan reiterates plan to cut reliance on coal at G7 ministerial summit")
Air quality panel bans use of coal in Delhi-NCR from January 1, 2023
The Commission for Air Quality Management issued directions to ban the use of coal in industrial, domestic and other miscellaneous applications in the entire Delhi-NCR region from January 1, 2023
 "Air quality panel bans use of coal in Delhi-NCR from January 1, 2023")
Stock up before monsoon, Coal ministry tells power generating companies
Says stock available with power plants enough for 10 days of operation
Exports in May up by 15.46% to $37.29 bn; trade deficit widens to $23.33 bn
Imports during the month grew by 56.14% to $60.62 billion
 "Exports in May up by 15.46% to $37.29 bn; trade deficit widens to $23.33 bn")
India's core sector output expands at six-month high of 8.4% in April
The output of eight infrastructure sectors of coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity had expanded by 4.9 per cent in March 2022.
 "India's core sector output expands at six-month high of 8.4% in April")
South Africa needs to spend $250 bn over 3 decades to transition from coal
Coal accounts for more than 5% of South Africa's gross domestic product and the coal industry employs 125,000 people, each with between three and 10 dependents
 "South Africa needs to spend $250 bn over 3 decades to transition from coal")
