The state-run Coal India received approval from the Union Cabinet on Thursday to make significant investments in the thermal power industry. Among these is the coal miner’s establishment of two thermal power plants, which will require a total of over Rs 21,000 crore in investments. The investments made by Coal India subsidiaries are divided up…
As per an official announcement, in September 2023, the National Coal Index (NCI) has climbed by 3.83 points to 143.91 points, reflecting the shift in coal prices. As per the Ministry of Coal’s statement, this increase can be attributed to a brief surge in coal prices on international markets. “For the first time since April…
India produced 78.65 million metric tonnes (MT) of coal in October, an increase of 18.59%.In the same month in the previous fiscal year, the nation produced 66.32 MT. The state-owned CIL produced 15.36% more coal in October of this year (61.07 MT) than it did in the same month last year (52.94 MT), according to…
State-owned Coal India increased its supply of coal to the power sector by 3.4 percent to 294.8 million tonnes in the first six months of the current fiscal, despite record high demand for electricity in the previous two months, the Maharatna business said on Monday. Coal India Ltd (CIL) said in a statement that the…
After the completion of these projects, India will burn 292 million tonne (MT) more coal yearly, according to power minister RK Singh’s announcement that the country will add additional 25 to 30 gigawatts (GW) of thermal power to its existing 49 GW of coal-based plants. The typical plant load factor (PLF) in India is 65%-75%,…
Coal India reported a profit for the first quarter of its fiscal year of Rs 7,941.40 crore, above expectations despite a 10.1% decrease from the same quarter last year’s profit of Rs 8,834.22 crore. Higher costs have a negative impact on the company’s profit. It reported operating revenue of Rs 35,983.21 crore, an increase of…
The Ministry of Coal released a statement stating that overall coal production in India increased by 8.4% in the first quarter of FY 2023–24 to 222.93 million tonne (MT) as opposed to 205.65 MT in the first quarter of FY 2022–23. In comparison to 159.63 MT produced during the same period last year, Coal India…
At 76.26 million tonnes (MT) in May, domestic coal production increased year over year by 7.10%. India produced 71.21 MT of coal in the same month in 2022, according to a statement from the coal ministry. “Ministry of Coal has accomplished a remarkable feat with a significant surge in overall coal production during May 23,…
In April 2023, India’s coal output increased by 8.85% to 73.14 million tonnes (MT), and the total amount of coal shipped during the month increased by 11.66% to 80.35 MT compared to the same period last year. According to the coal ministry, there were 71.96 MT of coal available in April 2022, while production was…
With steel mills looking into less expensive options, such as Russian coal, as opposed to more conventional but more expensive supplies from Australia, India’s imports of coking coal grew by almost 3% to 54.33 million tonnes (mt) in FY23. Shipments into India totaled 53.04 mt in FY22. Australian coking coal shipments decreased 13% year over…
