Coal Insights - June 2020

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Coal blocks auction: Push for ease of doing mining
Government goes for commercial mine auction at a challenging time with a promise to overhaul clearance bureaucracy

Also read:
• Coal India eyes mines for MDO route
• Post-Covid world needs decisive changes to move to a more sustainable path
• Falling PLF, rising renewable make retiring old plants viable
• Perils of sending high cash coal to distant power plants
• Coal Reserve of 7.77 billion tons added in FY20

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COAL BLOCKS AUCTION: Push for ease of doing mining

With a vision that beaten down economy could be revived by giving a hard push to the mining sector and triggering ripples down the industrial value-chain, the government has now gone for the second phase of the economic stimulus process by kick-starting the first phase of commercial coal mine auctions on June 18 involving auction process of 41 coal blocks for commercial mining to private sector.

10+ mins

India's April coal imports down 35% y-o-y

Coal and coke imports in April are seen down 35.12 percent on year, according to vessel data from various sources. Imports fell to 17.09 million tons from 26.34 million tons on year.

1 min

Coal India Q4 Profit Down 23%

Coal India has posted 23 percent fall in consolidated net profit to ₹4,626 crore for the quarter ended March 31 down from ₹6,026 crore earned in the corresponding period last year.

1 min

Electricity (Amendment) Bill Won't Weaken State Regulators: Power Minister

Growing opposition forces government to respond

7 mins

China Plans 41 GW Coal-Fired Power Capacity

So far in 2020, Chinese power industry has proposed 40.8 GW of new coal plants – an amount comparable to the entire coal fleet of South Africa (41.4 GW).

4 mins

Traffic handled by major ports down 22% till May

The 12 major Indian ports handled 92.821 million tons of total traffic in April-May 2020, lower by 22.16 percent than 119.239 mt recorded for April-May 2019, according to data released by the Indian Ports Association.

1 min

Indian Railways' coal handling down 32.5% till May

Indian Railways in April-May transported 71.55 mt of coal, down 32.54% from 106.07 mt handled during the corresponding period of 2019. Revenue dropped 47.62% to ₹5,778.12 crore in April-May from ₹11,032.89 crore in same period of 2019.

1 min

Perils of sending high cash coal to distant power plants

Recently, Ministry of Environment, Forest and Climate Change has amended the Environmental (Protection) Rules, with the provision of doing away with the restriction of supply and use of over 34 percent ash non-coking coal at the power plants located beyond 500 km away from the mines.

10+ mins

Ambuja Cement eyes 20% of coal need from Gare Palma by 2021

Ambuja Cement expects to source one-fifth of its annual energy requirement from the Gare Palma IV/8 block by calendar 2021, company officials recently told at the Resurgent India Conference organised by Motilal Oswal.

3 mins

Power Minister launches pan-India Real Time Market in electricity

The power ministry has launched pan-India real time market in electricity through video conference in New Delhi on June 3.

6 mins

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Coal Insights Magazine Description:

Coal Insights is India's premier and widely read monthly magazine on coal & mining industry published by mjunction services ltd (A JV of Tata Steel and SAIL).It caters to the entire coal supply chain from mining to consumption. It tracks the coal market with special focus on India, & covers production & consumption reports, as well as dispatch and stocks at power plants.It covers a variety of topics including demand, supply, e-marketing, mining technology, imports, pricing and policy matters, logistics, infrastructure and clean coal initiative. It also covers the interviews of the decision makers of coal industry on a regular basis.

Also includes daily news headlines & daily newsletter on coal industry.