The remaining 90 million t of the sector’s demand will come from Singareni Collieries and captive coal blocks, Coal India executives said.
In a rare instance, Directorate of Revenue Intelligence investigating the Rs 29,000 crore coal import scam involving several companies has filed an application before the Customs, Central Excise and Service Tax Tribunal seeking recusal of a member hearing the appeal filed by one of the companies.
The Enforcement Directorate has provisionally attached properties worth about Rs 3.5 crore of Gaurav Rathi of Rathi Super Steel Ltd in a Coal block allocation scam.
At a time when the Central government is battling the problem of low coal stocks in over 50 power plants in the country, a study by Coal India Ltd (CIL) has listed out the headwinds impacting the coal sector.
It was always obvious that Donald Trump would never be able to keep his promise – made both as candidate and president – that he would bring coal jobs back to battered mining communities.
Coal India would produce 513 million tonnes of coal in 2018-19 and offer 12 million tonnes via e-auction to meet the power sector’s demand.
In order to boost coal supplies to power plants, the government has decided on various steps including the use of dedicated rail transportation and setting up of power projects only within 500 km from coal mines, sources said.
While less new coal-fired power plants are now being built in China and India, the planned expansion in the use of coal in fast-growing emerging economies, such as Turkey, Indonesia and Vietnam, will in part cancel out the reduction.
The Delhi High Court has asked the Centre to decide in two weeks the plea by Sasan Power Ltd, a Reliance Power subsidiary, for permission to mine coalfrom its two mines in excess of the 17 MTPA cap to enable it to run the 3,960 megawatt power project in Madhya Pradesh.
The Australian government on Sunday ruled out financing for the railway project to link the Adani Group’s proposed $12 billion Carmichael coal mine project in Australia to a port.