A new report by BMI Research states that despite coal being an increasingly targeted commodity on environmental protection grounds, the demand remains strong due to the economic aspect of the fossil fuel and therefore producers will see improving financials over the coming years.
Faced with the lack of any-big ticket disinvestment, the Narendra Modi government is considering selling at least 5 per cent stake in Coal India this fiscal year, Business Standard has learnt. At current market capitalisation levels, a 5 per cent stake sale will fetch the exchequer around Rs 88 billion.
Solar Industries clocked close to 32 percent growth in sales during the quarter ended June 2018, even in a slightly dull environment, thanks to its timely diversification.
The government today said China was not carrying out any mining operations in Arunachal Pradesh and asserted that the border state is an “integral” and “inalienable” part of India.
India’s harbors have become clogged up with coal as imports to power an expanding economy outpace railroad capacity to transfer the fuel to consumers.
Dilip Buildcon has been declared as the lowest bidder for a Rs 717.45-crore mining project in Madhya Pradesh.
State-run Coal India is considering outsourcing coal bed methane production to global operators and will set aside Rs 3,000 crore to part-finance the initiative, company executives said.
Quantity of coal recovered from illegal mining has fallen 30% annually in FY18 to 17,603 tonne, coal minister Piyush Goyal said in Parliament on Tuesday.
BMI Research expects coking coal prices to gradually edge lower in the second half of this year. Its expectation from the previous forecast done in March that premium hard coking coal export prices will fall below USD 200 per tonne by mid year,
State-owned miner Coal India Ltd (CIL) has decided to procure mining equipments worth USD two billion through global tender over the next three years to ramp up coal production to meet the growing demand.