The world’s largest coalminer CIL is aiming to produce 6.76 lakh tonne of methanol per annum to boost clean energy initiatives, its Chairman Anil Kumar Jha said. His statement comes at a time when the government is betting big on alternative fuel and pushing electric vehicles (EVs).
Coal offtake from Coal India Ltd (CIL) has risen by 9.5 per cent during April-August to 246.90 million tonnes (mt) from 225.43 mt in the same period of last year. Production of the dry fuel went up 12 per cent to 216.23 mt, marking a 12 per cent growth in the period.
Pointing to coal shortage for thermal power generation, Tamil Nadu Chief Minister K. Palaniswami on Friday urged the central government to supply 72,000 tonnes of coal daily to help the state thermal plants towards optimal electricity generation.
Not just pressure from trade unions, last year’s indictment of former Coal Ministry officials by a special CBI court also cast a shadow on major reforms — including private coal mining for market sale — recommended by the High Power Expert Committee (HPEC).
Coal is the main source of energy in India as it fulfils almost 67 per cent of the total commercial energy consumed in the country. This fossil fuel is found in the form of sedimentary rocks and is often known as ‘Black Gold’.
Coal India Ltd (CIL) is optimistic about an aspirational production target of 652 million tonne for the fiscal year 2018-19, the mining major’s Chairman A K Jha said on Wednesday.
Coal India, which is looking to rationalise its underground mines in view of safety and financial viability, could close about 53 such mines this year, its Chairman Anil Kumar Jha said on Wednesday.
The income-tax (I-T) department has sold more of Cairn Energy’s shares in mining major Vedanta to recover a part of the Rs 10,247 crore retrospective tax demand, the British firm said Tuesday.
The coal ministry along with Coal India and Singareni Collieries have decided to bring 70,000-odd coal contract workers under the ambit of the Coal Mines Provident Fund Organisation (CMPFO).
Coal India and Singareni Collieries Company are offering independent power producers the option of swapping their sources of fuel supply to cut the cost of transportation and generation.