Coal India’s new pricing policy, which involves selling coal on the basis of total energy content in each consignment, is expected to bring down cost of power generation that would be passed on to consumers, said executives from the company.
State-owned Coal India Ltd (CIL) hiked thermal coal prices for both power and non- power consumers with immediate effect, a decision which electricity producers said would jack up energy prices by up to Rs 0.50 per unit.
State-owned miner Coal India has assured coal availability to power industry body ICPPA, whose members include firms from steel and aluminium segment, as they are heavily dependent on the dry fuel.
Industry body Indian Captive Power Producers Association (ICPPA) is protesting against a new “Evacuation Facility” charge of Rs 50 per tonne introduce by state-run miner Coal India Ltd (CIL) for coal supply to power generators.
Coal India is going to “legally” examine the show cause notices issued by the Odisha government to its subsidiary – Mahanadi Coalfields Ltd – carrying penalty of Rs 20,169 crore for violating mining plans, environmental norms and other regulations, a top company official said on Wednesday.
Private power producers have asked Coal India for more rakes to alleviate the shortage of coal at their plants from its arm South Eastern Coalfields’ Korba fields.
State-run miner Coal India Ltd is emphasising on “quick” and “swift” exploitation of the domestic fossil fuel reserves in order to meet future demand and reduce imports, an official said in Kolkata on Thursday.
Hike in coal production in the last three years has helped mining major Coal India Ltd save Rs 25,900 crore in foreign exchange, interim Chairman and Managing Director Gopal Singh said today.
Gopal Singh, the chairman of Coal India subsidiary Central Coalfields has been made the temporary chairman of Coal India Ltd (CIL).