Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, “We do have a hold recommendation on Coal India.
The coal-based power generation increased by six per cent to 674.4 billion units (BU) during the April-December period of the ongoing fiscal, Parliament was informed today.
Goa Chief Minister Manohar Parrikar talks to the press following a floor test to prove his government’s majority on March 16, 2017.
China has opened the world’s first production line that converts coal into ethanol, the main chemical ingredient in alcohol, the Chinese Academy of Sciences has announced.
The capacity utilization of thermal power plants has been in the red for the last several years. From a peak of 79 per cent in 2007-08, it fell to 75 per cent in 2010-11 due to the twin reasons of faster capacity addition and stressed coal availability. It now stands at less than 60 per cent despite availability of coal.
India’s Adani Group plans to begin extracting coal from the $16.5 billion Carmichael project in Australia in 2020 after environmental protests had delayed the first phase of the mine.
Adani Enterprises said it would finalise an investment decision by June for its Carmichael coal project in the northern Australian state of Queensland, which has been delayed due to protests from environmental groups.
Undeterred by Posco-India’s offer to return the land provided for its steel project in Odisha, Union Minister Piyush Goyal today said if one company pulls out, others will come in.
China plans to shut down 117 small coal mines in Xinjiang province this year, cutting 11.9 million tonnes of coal production capacity, the regional development and reform commission said.
India’s vast coal reserves could remain unused in future, thanks to the expected mega shift towards clean energy generation sector, the country’s power, coal, renewable energy and mines minister Piyush Goyal said.