Coal India, the world’s largest miner, plans to give 10-15 days credit period to companies operating in the non-regulated sectors such as steel, cement, and aluminium. These companies, which are called customers in Coal India parlance, had to make an upfront payment before despatch.
State-run Coal India Limited (CIL) on Friday said it has relaxed norms for supplying the fuel to its customers of non-regulated sector by extending “letter of credit” to them and allowing an independent power producer (IPP) to transfer coal from one plant to another.
India’s state-owned miner, Coal India Limited (CIL) has a plan to add fresh production capacity of over 400 Million Tonne (MT) over the next five years, coal minister Pralhad Joshi said recently.
Coal India (CIL) is in talks with Russian coal company Vostok-Coal-Diskon to participate in the extraction of coking coal and its imports from mines in the Siberian districts of Russia, Coal India executives said.
The Comptroller and Auditor General (CAG) has pulled up Coal India for making an excess contribution of Rs 371 crore to its provident fund body unlawfully for five years till 2018.
The head of the United Nations says he’s “disappointed” with efforts to cut greenhouse gas emissions and the world’s most polluting countries should accept that they, too, need to become carbon neutral by 2050.
Coal India Ltd’s (CIL) coal production dipped by around 4 per cent to 50.02 million tonne (mt) in November 2019 compared to 52 mt the same period last year. Coal offtake dropped by around 7 per cent to 47.37 mt in November against 51 mt the same period last year.
Continuing its action against polluting units in the state, the Central Pollution Control Board (CPCB) has put the Haryana Power Generation Corporation Limited (HPGCL) and the Panipat Thermal Power Station (PTPS) on notice for emission of particulate matter beyond the permissible limits.
The government has planned exploration of 37 coal blocks and 10 lignite blocks along with drilling of 121 coal blocks and one lignite block in the current fiscal in addition to exploration and drilling of coal blocks allocated to state-run Coal India Limited (CIL) informed the Coal Minister Pralhad Joshi to the Parliament on Monday.
International companies will require time to understand India’s supply chains and how to meet growing demand of coal, following opening up of the Indian coal sector to foreign direct investment, feels World Coal Association.