The government’s decision to prioritise coal supply to power plants will greatly hurt other industries dependent on coal such as cement and aluminium, according to industry players who had written to Railways and Finance Minister Piyush Goyal to voice their grievances.
Prices of Asian thermal coal, used in generating electricity, are likely to stay firm as global supplies are under pressure and demand for the dry fuel is steady in Asia, said Fitch Ratings in a recent report.
India’s biggest aluminum producer may be forced to reduce output if restrictions on coal supplies to the non-power sector drag on for another week, according to Vedanta Ltd.’s chief executive officer for metals business in the country.
The government has accelerated exploration and drilling of coal in the northeastern states of the country, according to a coal ministry official.
The Madurai bench of the Madras High Court on Wednesday stayed the expansion of Vedanta’s Sterlite industrial plant in Thoothukudi (Tuticorin), Tamil Nadu.
Lucknow has recorded the second highest number of premature deaths due to pollution-related diseases among 11 north Indian cities assessed.
China’s most-active thermal coal futures on the Zhengzhou Commodity Exchange fell 1.87 percent on Monday, the biggest drop since Oct. 10
Coal India is set to increase supplies by at least 15 million tonnes annually in the next few weeks, with three new rail projects linked to high-capacity mines almost complete, company executives said.
Coal imports by power utilities fell by 22.23% to 3.73 million tonnes in April mainly due to decline in shipments by imported coal based power projects in the country.
British power company Drax will start work this month on a pilot bioenergy carbon capture and storage (CCS) project at its plant in Yorkshire, northern England, it said on Monday.