Reliance Power on Thursday said its Sasan captive coal mine has been awarded the National Safety Award (Mines) for 2013 and 2014.
State owned Coal India Ltd (CIL) has stepped up its capital expenditure by 10.3 % to Rs 8,500 crore in 2017-18, compared to the last fiscal.
Although the market is cheering revival of Chinese coal demand in the short term, how long the rally will hold is anybody’s guess.
As India promotes domestic usage of coal to cut dependence on imports, China’s imports are on the rise in a contrasting trend. But a billion dollar question is, will China be able to pick up the slack left by India in the world coal demand?
In what reinforces bullish outlook on solar energy, India’s renewable power is projected to overtake coal-fired generation capacity in a decade from now.
Indonesian coal price is surging again, as China goes ahead with planned cuts in its coal production capacity, fueling demand for imports.
Japan is keen to expand its cooperation with India’s energy sector, especially in areas like technology for coal-fired generation that faces constraints due to climate change concerns.
Adani Enterprises has appointed corporate finance firm Grant Samuel to advise on funding for its multi-billion dollar coal mine in the Australian outback, two sources with knowledge of the matter said on Thursday.
Determined to bid for Dredging Corporation of India, which is being lined up by the Indian government for strategic sale as part of the disinvestment programme, Mercator is preparing to raise a credible war chest.
Tough times beckon for power plants set up in coastal areas and running on imported fuel, with the price of Indonesian coal shooting up on increased Chinese imports.
The Union power ministry’s policy for auction of long-term coal linkages can prove a real game-changer in the Indian electricity sector if state-owned utilities make use of it to harness private sector’s efficiency in generation.