In the months of April through October of this fiscal year, India’s imports of coking coal increased 6% year over year to 28 million tonnes (mt) from 26.5 mt the previous year. During the seven-month period, supplies from Russia increased by almost 100% to 1.1 mt, according to statistics from trade sources and the Ministry…
On the strength of an increase in spending for the expansion of coal evacuation infrastructure, Coal India Ltd (CIL) reported a 33 percent increase in Capex at 7,027 crores for the first half of the current financial year compared to 5,300 crores in the same period last year. The two infrastructure components for coal evacuation,…
Coal Minister Pralhad Joshi announced on Wednesday that preparations are in the works to boost coal reserves at thermal power plants from 24 million tonnes (mt) to 40 mt by March 2023. As of Tuesday, coal reserves at coal-fired power plants stood at 24.6 mt, according to the National Power Portal. “Our coal inventories are…
India expects to improve its coal power fleet by around a quarter by the end of the decade in order to meet rising demand until energy storage costs decline. The world’s third-largest emitter of greenhouse emissions would install roughly 56 gigatonnes of coal generating capacity unless the cost of storing electricity falls significantly. India is…
Following a technical examination of the bids filed for commercial coal mining, the coal ministry held forward electronic auctions for 10 coal mines. The online auction for eight coal mines was held on September 13 and the sale for the final two coal mines was held on September 18. The overall peak rate capacity of…
India’s government is analyzing a slower retirement of maturing coal-fired power plants as it also adds newer sites, a move that would keep fossil fuel capacity higher for years and potentially stall efforts to hit climate goals. Officials are considering a proposal to shutter less than 5GW of existing capacity by the end of the…
The supply of coal to electricity generating plants increased by 17.09 percent to 58.45 million tonnes in July due to a rise in power demand, the government data said. The government in the last few months has taken various measures to ensure the sufficient availability of coal for power stations. The total coal dispatch to power utilities…
The Coal Ministry has cancelled the mining leases of West Bengal Power Development Corporation, Monnet Ispat & Energy and staterun NTPC for delays in operationalizing coal blocks and missing production targets, Parliament was informed on Monday. The Ministry penalized a total of 45 companies for delays in commencing operations and missing production targets, according to…
Coal India Ltd (CIL) registered a 65% growth in capital expenditure at ₹3,034 crores during the first quarter (April-June) of the current financial year compared with ₹1,841 crores same period last year. The Stateowned miner, which had scaled up its capital expenditure to ₹14,834 crores for the year ended March 31, 2022, is likely to…
Reinforced steel bar prices, also called rebars, have raised up ₹2,000 per tonne since last week on the back of active buying and improved spot demand. However, trade sources said, there has been some slowdown from Wednesday onwards with limited buying in select markets but prices have been stable at around ₹53,000–55,000 per tonne. Price…
