Concerned over linking the revenue sharing model to notified price of the state-owned CIL, private miners fear that it may jack up fuel prices.
The mammoth coal-fired Cheyyur electrical station was first imagined by bankers at India’s Power Finance Corporation and senior engineers across town at the Central Electric Authority
The recent grade downgrades at Coal India’s mines could hit its realisation from fuel supply agreement (FSA) by 3-5% and estimated earnings for the current fiscal year by 11-16%
The supply of coal by state-owned Coal India to power sector increased by 1.3 per cent to 420.2 million tonnes (MT) in 2016-17
Coal India Ltd (CIL) on Tuesday said the coal quality watchdog Coal Controller Organisation has downgraded 40.76 per cent of 871 sidings at 386 mines in 2017-18
The Ministry of Coal, has circulated a Discussion Paper on the subject seeking views from public and stake holders
Coal sector reforms initiated by the Narendra Modi government are beginning to pay. Initiatives to improve coal quality and efficiency in the supply chain have brought down the cost of power from coal-fired plants in spite of revisions in coal prices, central cess and railway freight in the last three years.
Mining major Hindustan Zinc is geared up to report its fourth quarter results on Thursday.
NLC India Ltd has no plans to acquire coal mines overseas as the three blocks alloted to it by the government were sufficient to meet fuel requirement of its power plants, a top company official said.
Thermal power companies including NTPC, the biggest of the lot, would be paying less for their coal requirement this month onwards as the Coal Controller, after a mammoth exercise, has reassessed and downgraded quality of about 177 coal mines across the country, sources said.