State-run Coal India arm Western Coalfields has received the environment clearance for its Rs 263 crore expansion project in Nagpur district, Maharashtra.
S Bhattacharya, CMD, Coal India on Friday said that coking coal requirements are still not being met by India. Speaking with ET Now he said,
NTPC mainly produces power from coal but also has hydro, solar and wind power projects. Adding coal production in its business, it has successfully become an integrated energy company with interests diversified across the fuel value chain and in line with global standards.
India’s largest thermal power generation company, NTPC Limited is now an integrated power and coal producing firm. NTPC on Thursday flagged off the first consignment of coal from its Pakri Barwadih coal mine in Jharkhand to the company’s Barh power project in Bihar. The Pakri Barwadih coal mine has estimated mining capacity of 15 Million Tons Per Annum (MTPA) and has been allotted to NTPC as basket mine to meet the fuel shortfall of its power stations.
Coal India Ltd is contemplating a major diversification as it plans to produce oil and gas from its coal in a big way as growth from its core activity is declining.
Coal India’s financial performance in the December 2016 quarter was weak when compared with that in the corresponding quarter of the previous year.
Fancy a truckload of the world’s biggest coal miner? New Delhi is planning to sell a 10% stake in Coal India Ltd. Such a deal could be worth about Rs19,700 crore
The government plans to divest up to 10 per cent in Coal India by August, a move that will help it earn about Rs 20,000 crore at today’s prices and reduce its stake to 69 per cent.
Coal India (CIL) on Saturday reported a 22 per cent decline in consolidated net profit at Rs 2,884.4 crore for the third quarter ended December 31.
The sluggish growth in coal production in this financial year masks the robust growth in power generation as record-high inventory of coal at power stations at the beginning of this fiscal year
NTPC incurred additional expenditure of Rs 6,869 crore on importing coal in six years between 2010 and 2015, the Comptroller and Auditor General (CAG) said