Cement producers booked 92% of 4.65 million tonnes offered annually for five years by Coal India at a recent e-auction held for cement companies. The fuel supplier managed to command an average premium of 27% over its notified price.
State-owned CIL today posted 3.2 per cent rise in coal output at 38.8 million tonnes (MT) for the month of August. The company’s coal output was at 37.59 million tonnes (MT) in August, 2017, Coal India said in a filing to BSE.
State-owned Steel Authority of India Ltd (SAIL) has declined a government call for a dividend this year, saying it did not have “any cash and bank balance” and that its debt-to-income ratio was much higher than agreed with some lenders
Aluminium players in the country have sought government intervention to mitigate the shortage in coal supply, owing to inadequate rail rakes. Drawing the attention of the PMO and others to the issue, the power-intensive industry
Coal shortage across the country has once again resurfaced with equal severity, a sort of rerun of the crisis situation that was earlier seen in April. Coal stocks available with thermal power plants
Adani Enterprises Limited, the flagship firm of the Adani Group, has moved the Bombay High Court seeking to quash Letters Rogatory (LRs) issued by the DRI in 2016 in a case pertaining to alleged overvaluation of coal imports.
Higher demand for thermal power and lower-than-required growth in domestic coal output may push up coal imports to 62 million tonne this fiscal, says India Ratings.
The coal ministry dismissed reports of a coal shortage in the thermal power sector and said that supply to the power sector was up by 21 million tonnes during the April-August period this year.
India’s pool of coal-fired power projects at the pre-construction stage has shrunk by 25 per cent, or 24,000 Mw, over the last six months, data by Global Coal Plant Tracker (GCPT) showed.
Coal India (CIL) will strictly implement its credit policy and levy penal interest on payment delayed beyond 15 days, and stop supply if money is not paid in a month as the company wants to bring down receivables that touched Rs 12,500 crore in April.