CATEGORIES

India's steel mills supporting global met coal demand

Global coking coal market is banking on continued demand from Indian steel sector in coming days, which they believe would continue to support demand.

Demand-supply dynamics to keep imports at bay

As Indian economy gets unshackled from the lockdown, though in a gradual manner, comfortable stock at power plants and subdued demand for electricity create enabling condition for lowering of thermal coal imports being targeted by the government in a new era of Atma Nirbharata or the sense of self-sufficiency.

Cross-subsidy prevents Railways from offering discounts to CIL

Recent tussle between Coal India and Indian Railways over freight charges has brought into focus the dynamics of freight charges and overall logistics costs in our country, which, according to many studies are higher compared to global standards making India a high-cost place to do business.

Commercial coal block auction delayed

Mine list to shrink further

Coal-fired power generation at 4-year low

Electricity generation in India during April-July has touched 4-year low level, attributable to the lockdown led lower demand from the industrial and commercial sector as well as the disruptions in the supply of inputs and raw materials.

Coal gasification: Impact of government initiative

Government of India’s policy permitting commercial mining of coal for competition, transparency and private participation in the coal sector would ensure better availability of coal and thus minimising import of coal.

BHP to exit thermal coal on low returns, sticks to coking

Global mining major BHP has decided to exit thermal coal assets due to falling and even negative returns while staying with coking coal where margins are still high and are likely to sustain on steel sector recovery, Chief Executive Officer, Mike Henry recently told investors during the half-yearly earnings release.

Power Companies' Earnings To Fall On Shrinking Generation

Earnings of power companies are likely to decline by up to 20 percent due to lower generation, low incentives, fall in merchant rates and one off discount offered to the discoms, Emkay Research said in a sector report.

Commercial Coal Mining In India Will The Eagles Dare?

Introduction of commercial mining couldn’t have been timed better and has generated enough curiosity and also serious interest from investors and analysts’ community across the globe.

India plans to bring down RE storage costs to edge out fossil fuel

India has decided to promote renewable energy storage facilities so that their costs comes down and effectively out compete fossil fuel, power and new and renewable energy Minister RK Singh recently said at the IEA Clean Energy Transitions Summit.

Indian Railways' coal handling down 29% in Q1

During Q1 FY21, transportation of various commodities by Railways stood at 241.55 mt, down 21.4 percent from 307.39 mt clocked during Q1 FY20.

Corporates urged to sign up for RE100 pledge

At an event by the Council for Sustainable Business in June, COP26 president Alok Sharma urged companies to sign up for RE100, a global initiative run by the international non-profit body, the Climate Group, whose 240 members commit to sourcing all their power from renewable sources by 2030. Together, RE100 members now represent a scale of electricity demand that is greater than that of Poland and the Czech Republic combined, according to The Climate Group.

Coal India, SCCL vie for Tangendco units

Cheap Talcher coal to substitute imports

Slurry pipeline a necessity as rail infrastructure grossly inadequate

Ministry of Coal recently put the demand of raw coal for FY24 at 1000 million tons including internal consumption and exports. Actual coal supply during FY20 from Coal India was 602 mt and nearly 230 mt of coal was imported.

Adani on track to export first Carmichael coal in 2021

Adani’s excavator and mine trucks revved up this week to begin work on removing layers of overburden above the coal seams, which according to newly-appointed Adani Mining CEO David Boshoff is a significant milestone to have ticked off on the construction schedule.

CERC proposes market coupling in new power market regulations

Power sector regulator Central Electricity Regulatory Authority has come out with a detailed power market regulations introducing concepts like market coupling that involves uniform price discovery through pooling of bids across various power exchanges to achieve optimal utilisation of transmission systems.

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.

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

Growing opposition forces government to respond

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).

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.

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.

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.

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.

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.

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.

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.

Use Covid-19 Crisis To Revamp Mining Sector: KPMG

Thermal coal demand may fall 7 percent in FY21

Global Post-Covid Stimuli Bank On Coal And Power

A critical look at India’s effort to revive coal mining and power sector to stage a recovery to shrug off months of inactivity.

Covid-19 Impact: Cheapest Solar Power Project Gets Cloudy

Acme cancels lowest-tariff deal citing Force Majeure

SCCL's coal production plunges 45.5% in April

Coal production by Singareni Collieries Company Ltd in April stood at 3 million tons, down 45.48 percent as compared to 5.5 mt reported for the same month last year, according to company data.