New Delhi, Oct 16 () Congress leader and industrialist Naveen Jindal, an accused in a coal scam case, has been allowed by a special court to travel abroad for business purposes. Special CBI Judge Bharat Parashar
Union minister Piyush Goyal has said the central and state government agencies must work in tandem to improve coal output and supply. Goyal, who holds railways and coal portfolios,
Coal imports by India are set to reach 164 million tonnes (MT) against the earlier forecast of 158 MT due to historic low levels of stocks at Coal India and power plants amid surging industrial demand, says a report.
Coal Minister Piyush Goyal Monday pitched for long-term planning for mining operations and concrete steps to ensure adequate supply of dry fuel to power plants. The minister made the suggestion while inspecting coal mining and dispatch operations at Mahanad
The recent UN’s IPCC report gives India a “huge” opportunity to develop differently and also stresses the need to make smooth and viable transition from coal, two professors, who were part of the technical support unit of the IPCC
Coal shortage is becoming severe as power plants with generation capacity of 16,000 MW are currently facing coal shortage while plants with the capacity of 30,000 MW are not being able to access coal as they do not have power purchase agreements.
Net Sales are expected to increase by 17.1 percent Y-o-Y (down 12.4 percent Q-o-Q) to Rs. 21,247.1 crore, according to ICICI Direct.
ICICI Direct has come out with its second quarter (July-September’ 18) earnings estimates for the Metals & Mining sector. The brokerage house expects Coal India to report net profit at Rs. 3,470.9 crore up 840.9% year-on-year (down 8.3% quarter-on-quarter).
The government has admonished Coal India’s brass for poor project management, long delays in tendering, leniency with contractors and other issues that have starved thermal power plants of fuel and warned the company’s nonperformers that it can take stern action.
The state is facing a shortage of up to 1,000MW and is enforcing load shedding in high loss areas classified under G1, G2 and G3 categories.
Power generation utilities have blamed coal companies for the load shedding being done in the state. They have pointed out that Western Coalfields Limited (WCL) and other coal companies are not supplying contracted quantity of coal
Power industry body ICPPA has requested the Prime Minister’s Office (PMO) to take steps to address the issue of coal availability and its supply. The Indian Captive Power Producers Association (ICPPA) members include players from key sectors such as steel and aluminium.