Coal India (CIL)’s supply to the power sector has dropped by 3.6 percent during the period between April and December 2016.
Coal India announced that the Board of Directors of Central Coalfields, a subsidiary of Coal India has approved revision of coking coal prices with effect from 14 January 2017
State-owned Coal India arm Central Coalfields Ltd has announced an increase in price of coking coal, which may help
A green panel has deferred its decision on granting environment clearance to Coal India arm Mahanadi Coalfields Ltd (MCL) for setting up of a Rs 334.72 crore coal washery in Odisha and asked it to get forest clearance first, and also sought other inputs.
Coal India has almost achieved its e-auction target for the current fiscal, and is looking at offering additional supplies.
Development Corporation is likely to benefit from rising prices in international market. The company has been weighed down by falling coal prices since FY12.
Coal India, the world’s largest producer of the fossil fuel, bucked a weak market and rose for the second day after global investment bank Goldman Sachs initiated coverage with a `Buy’ rating and put a potential upside of more than 20 percent on its price
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 […]
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.
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.
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.