Coal shortage across the country has once again resurfaced with equal severity, a sort of rerun of the crisis situation that was earlier seen in April. Coal stocks available with thermal power plants
Adani Enterprises Limited, the flagship firm of the Adani Group, has moved the Bombay High Court seeking to quash Letters Rogatory (LRs) issued by the DRI in 2016 in a case pertaining to alleged overvaluation of coal imports.
With Mahagenco deciding to import coal, the claims of Western Coalfields Limited (WCL) and other coal companies regarding supply of adequate coal have fallen flat.
Imports of coking coal in the country is seen rising to 58 million tonnes (mt) by 2023, appreciating 23 per cent over the 47-mt recorded in 2017-18.
The latest ban on import of petcoke as a fuel, except for use by a few industries, would turn out to be beneficial for city gas distribution (CGD) players, credit rating agency ICRA said.
Driven by demand from imported coal-based power plants, coal imports are likely to remain strong till fiscal 2013, said a Crisil report
Niti Aayog has called for awarding deep-seated mines on a first-come-first-serve basis to accelerate their mining and production and attract large private sector investment, according to a senior official at the government think-tank.
India’s largest power producer is seeking bids to import coal after a gap of about four years, highlighting a supply crunch users of the fuel are facing as shipments in the country fall short of demand.
Domestic coal supply appears to be headed for a strong growth in the next five years, resulting in a decline in non-coking coal imports within this time period, said a CRISIL report.
Share of imports in non-coking coal consumption is expected to fall to 13.4 per cent in the financial year (FY) 2023 from 19.6 per cent in 2017-18, said a report released on Monday.