The government is actively considering allowing Coal India’s subsidiaries to fix their own coal prices for their own consumers.
Both coal minister Pralhad Joshi, as well as power minister R K Singh, indicated recently.
“There is already a situation of surplus coal because of infusion of renewables and all the coal companies are sitting on stocks. So, if all the Coal India subsidiaries are made independent, they will compete with each other. (Then) I see the price of coal coming down. That will probably lead to a reduction in power prices,” power minister R K Singh said during a webinar while interacting with heads of several private sector power companies.
“I see the price of coal coming down. Both the coal minister and I are clear in our mind that there should be competition in the coal sector,” he added.
Coal minister has also indicated the same.
“We agree that coal subsidiaries should discover their coal price independently so that there is competition and efficiency is driven,” Joshi reportedly said.
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SCCL's coal production up 64% in Q1
Coal production by SCCL during Q1 FY22 stood at 15.57mt, 64% higher than 9.50 mt achieved in Q1 FY21.
The UK to end thermal coal use in October 2024
The deadline to phase out coal from Great Britainâs energy system has been brought forward by a year as part of the UK governmentâs decision to go further in driving down emissions and tackling climate change.
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Cement sector sees demand revival
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Indian Railways' coal handling up 42% in Q1
Indian Railways in April-June of FY22 transported 157.78 million tons (mt) of coal, up by 42.4 percent from 110.80 mt handled in corresponding quarter of FY21.
CIL's coal production up 2.4% in Q1
Coal Indiaâs (CIL) coal production during April-June quarter (Q1) of FY22 was up by 2.4 percent to 124 million tons (mt) as compared to 121 mt achieved during the same quarter last fiscal (FY21), according to (provisional) data released by the company.
India's May coal imports up 20% y-o-y
Coal and coke imports in May 2021 were up 20.44 percent year-on-year (y-o-y), according to import data available with Coal Insights. Imports rose to 19.92 million tons (mt) from 16.54 mt during May of previous year.
There is still a long way to go to squeeze coal out: BP
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âGrowing Infrastrcuture is a big opportunity for OTR Tires in Indiaâ
India is now considered to be the largest market for Off-the-Road Tires (OTR) used in construction & mining industry. The opening up of the coal sector has provided further push to the potential usage of such tires. And Balkrishna Industries Ltd, a global player with diversified portfolio under the BKT brand across agriculture, industrial, construction, earthmoving, mining and port is set to seize the opportunity. Rajiv Poddar, Joint Managing Director, Balkrishna Industries Ltd., tells Arindam Bandyopadhyay of Coal Insights about the opportunities and outlook for the sector and the company.
SCCL's coal production up 69% in May
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