The government has allotted 11 large coalblocks to three subsidiaries of Coal India Ltd (CIL) to raise the production by 225 million tonnes per annum by 2022, coal minister Piyush Goyal said on Friday.
The hike in prices of coal by state-run CIL is likely to make producing steel for secondary steel players costly by up to Rs 500, says a report.
Coal India Ltd, the country’s largest miner, is set to introduce a new pricing policy for coal which will be linked strictly to quality, a top official today said.
Power tariffs across the country are set to rise by 11 paise per unit or 2 per cent on the back of the 9 per cent hike in thermal coal prices announced by state-run miner Coal India Ltd (Ltd) on Monday.
State-owned miner Coal India has assured coal availability to power industry body ICPPA, whose members include firms from steel and aluminium segment, as they are heavily dependent on the dry fuel.
Industry body Indian Captive Power Producers Association (ICPPA) is protesting against a new “Evacuation Facility” charge of Rs 50 per tonne introduce by state-run miner Coal India Ltd (CIL) for coal supply to power generators.
Coal India Ltd (CIL)’s profitability should benefit from a rise in coal earnings.
Availability of coal stocks with the country’s thermal power plants is expected to normalise to a large extent by mid-January as state-owned Coal India Ltd (CIL) has been able to step up production and debottleneck its supply network to a large extent after freeing up the railway rakes.
Power industry body ICPPA, whose members include players from key sectors such as steel and aluminium, has urged the government to ensure coal availability, saying most captive power producers (CPPs) are facing severe shortage of the fuel which may lead to closure of plants.
Over a year after the world’s largest coal miner, Coal India Ltd (CIL), tried to secure self-sufficiency in obtaining explosives — a key component in scaling up production — the company continues to rely on third-party sources and has spent over Rs 1,609 crore so far in the current financial year.