Coal India moves higher after reporting production, offtake numbers

Coal India moves higher after reporting production, offtake numbers

Coal India rose 1.26% to Rs 310.30 at 9:56 IST on BSE after the company announced provisional production and offtake numbers for the month of November 2016. The announcement was made after market hours yesterday, 1 December 2016. Meanwhile, the S&P BSE Sensex was down 156.04 points or 0.59% at 26,403.88. On the BSE, 87,000 shares […]

Coal Ministry Increases annual coal supply to units from 4200 to 10,000 tonnes

The rationale for the amendment is that only small and medium sector consumers, having requirement less than 4200 tonnes per annum were entitled to take coal through SNA, large units having requirement of less than 4200 tonnes per annum were not recommended for coal by the District Industries Centre (DIC). Moreover, the limit of requirement of less than 4200 tonnes per annum needed to be revised as small units might have expanded over a period of time.

Coal Ministry Increases annual coal supply to units from 4200 to 10,000 tonnes

Union Ministry of Coal has announced increasing the annual cap of coal from 4200 tonnes per annum for sale through State Nominated Agencies* (SNA)* to 10,000 tonnes per annum. Ministry of Coal has issued an order amending the New Coal Distribution Policy (NCDP), 2007 to facilitate this increase in annual cap.

MoC Giving Finishing Touches To Its Coal Import Substitution Strategy for Public and Private Sector Plants in India

“One solution to increase usage of domestic coal in the private sector could be if the best of mines with high quality coal and lower ash content is further washed and offered….it can be brought to quality levels that can be burnt in existing boilers designed for clean and imported coal,” said Anil Sardana, CEO and MD of Tata Power.

MoC Giving Finishing Touches To Its Coal Import Substitution Strategy for Public and Private Sector Plants in India

Union coal secretary Anil Swarup said the ministry of coal has initiated a detailed exercise where it is working closely with the public and private industry and studying every single coal based plant in the country that is using imported coal.

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