Coal India Ltd (CIL) has reported a production of 44.8mn tonnes for the month of April 2018, an increase of 16.7% yoy for the month of April 2018. Offtake for the month stood at 51mn tonnes, an increase of 12.9% yoy. This marks a 96% achievement of the company’s monthly production target and a 90% achievement of the monthly offtake target.
Economic Times reported that rising Indonesian coal production and lower Chinese demand have pulled down Indonesian coal prices by 22% over the last 45 days, a trend that augurs well for plants that import fuel.
Singareni Collieries Company Limited (SCCL), a state-owned miner, today said it expects the coal production to touch 85 million tonnes per annum in the next five years as it plans to open up 12 new mines.
It is unlikely that Indonesia will set a cap on coal production in the near future due to uncontrollable coal mining activities in the country, according to an official.
Botswana coalproducer Minergy plans to list in London next year to give it access to a pool of capital that it could tap at a later date to fund its expansion, it said on Friday.
Coal Secretary Susheel Kumar on Wednesday said the government is weighing measures to bring auctioned captive coal blocks into operation.
For a country like India, assured and affordable supply of energy is the prime prerequisite for achieving economic growth and the Government of India has been supportive to growth in the power sector.
NTPC, which has been allocated 10 coal blocks for captive mining, has already initiated a process of opening technical bids
Prime Minister Modi’s vision to place India in the league of superpowers inspires millions of Indians to dream big. Former Power Minister Piyush Goyal shouldered the responsibility of ‘powering’ dreams of millions of children, industrialists, farmers, and shopkeepers key stakeholders of economic growth and prosperity.
The Goods and Services Tax (GST) regime in effect from last month has reduced the incidence of tax on coal to 5 per cent, as compared to a cumulative tax of more than 13 per cent on account of various indirect taxes earlier, Parliament was informed on Thursday.