COAL EXTRACTION
NECIL looks to ramp up coal production in Assam
Assam Govt is collaborating with NECIL to boost coal production and address illegal mining. Chief Minister Himanta Biswa Sarma government want to increase coal production from the state.
Coal Ministry seeks view on draft coal, lignite mining plan norms
In a groundbreaking move, draft guidelines propose transitioning to advanced technologies for sustainable coal mining, focusing on land restoration and mechanized mining over manual methods. The industry is poised for a transformative shift towards more efficient and environmentally friendly practices.
Revised mining guidelines to introduce stringent steps to optimise coal extraction: Ministry
The revised mining plan guidelines aim to optimise coal extraction through stringent measures, balancing flexibility for mine owners with responsibility and accountability. The guidelines were discussed during a stakeholders' consultation with 25 coal and lignite mining companies, including PSUs and representatives from various states. The new guidelines focus on sustainable coal mining by including restoration, remediation, and regeneration measures to address environmental and community concerns.
Ministry of Coal launches India's first pilot project for underground coal gasification in Jharkhand
India's Ministry of Coal launches the first Underground Coal Gasification pilot project at Kasta coal block in Jharkhand, aiming to convert coal into valuable gases like methane and hydrogen for industrial use.
Rs 7 lakh crore profit in 10 days! Why PSU stocks are rallying like Modi managed '400 paar'
Investors initially skeptical of PSU stocks after BJP's election setback on June 4 have seen a reversal. PSU stocks, down 16% post-election, now lead a bull run akin to Modi's '400 paar' ambition. Mazagon Dock's 48% rise drove the BSE PSU index cap up by Rs 7.24 lakh crore in 10 sessions. RCF surged 33%, Cochin Shipyard 24.5%, HUDCO and MMTC 23%, with HAL, BEL, and BHEL also gaining.
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BEML Ltd bags order worth Rs 250 crore from Northern Coalfields for rear dump trucks
BEML Ltd secures Rs 250 crore order from NCL for 28 BH100 rear dump trucks. The dumpers will be maintained under a Guaranteed Spare Parts contract for 5 years. Shantanu Roy, CMD of BEML Ltd, aims to assist NCL in coal extraction efforts.
‘Several fossil fuel-owning countries must be motivated to conserve — we need an economics of not extracting resources’
"I define a ‘conservation good’ as an entity which I don’t benefit from consuming — but which I benefit from as long as no one else consumes it. This leads to a new type of market failure. "
Tailwinds of policy push: 5 largecap PSU stocks from different sectors with an upside potential of up to 32%
While there are clear signs of large cap stocks making a comeback on the street, it is reflected both in movement of Nifty sensex. The problem is that as a word the “large cap” is so open ended and we keep seeing stocks moving in and out of that category which are the ones which one should focus on. If one looks at the last six months of the stock market moves, a new industrial house appears to be born and has caught the fancy of the street. Yes, we are talking about PSU as a set of companies. It is not owned by one individual but by the government of India so there is an element of the largest shareholder being one entity and that is why it may be called a new industrial house. Beside the ownership another common thread running in these companies is the impact of the clean up and restructuring of policy framework which has come in different sectors and in these companies in particular. So there is high probability and yes only high probability of these stocks doing relatively better in stormy conditions on the street.
Ministry seeks feedback on coal gasification scheme by Mar 20
Ministry of Coal seeks feedback for coal gasification plants in India, allocating Rs 8,500 crore. Categories include PSUs, private sector, demonstration projects. National Coal Gasification Mission aims to gasify 100 million tonnes of coal by 2030. Government actively engaged in clean coal initiatives.
GMDC board approves capex of Rs 3,041 cr for FY25
State-owned Gujarat Mineral Development Corporation Ltd (GMDC) approved a capital expenditure of Rs 3,041 crore for the fiscal year 2025. The budget includes Rs 1,138 crore for new lignite projects, Rs 629 crore for operationalizing allotted coal blocks in Odisha, and Rs 462 crore for expanding and modernizing metal projects, focusing on the extraction and processing of rare earth elements.
GAIL, IGL walk away with Reliance gas; bid at USD 11 per million BTU
GAIL (India) Ltd and Indraprastha Gas Ltd emerge as top bidders in Reliance Industries Ltd's recent e-auction of coal-bed methane gas. The auction, held for 0.90 million standard cubic meters per day, saw GAIL acquiring 0.63 mmscmd and IGL picking up 0.14 mmscmd. Bidders offered premiums of up to USD 11 per million British thermal unit, based on 12.67% of the Brent crude oil price. The gas supply contracts span 1 to 2 years from April 1.
Coal India, WCL to set up green energy projects at closed mines in Chhindwara area: Coal Secy
Coal India and its subsidiary, Western Coalfields, plan to repurpose closed mines in the Chhindwara Pench area for green projects. Union Coal Secretary Amrit Lal Meena stated that 4-5 old mines have been identified for integrated solar and pump storage projects on de-coaled land. The initiative aims for optimal utilization of assets, contributing to green energy production. Meena also announced the Indian government's approval of a scheme promoting coal gasification through 'Viability gap funding,' offering financial support to private initiatives for setting up coal gasification plants.
Coal, hydropower energy transitions in India involve state-sanctioned violence, arrests: Study
While the Intergovernmental Panel on Climate Change has declared that all coal production must be phased out by 2050 to avoid dangerous levels of global warming, India is in the midst of a fossil-fuelled transition toward increased coal production, the research from the University of California Irvine, US, found.
Reliance seeks minimum USD 10 for coal-seam gas
Reliance Industries Ltd is seeking a minimum USD 10 rate for gas produced from coal seams in Madhya Pradesh, as it adjusts its pricing formula to reflect the changing energy scenario. Users are asked to quote a premium over and above 12.67% of the Dated Brent crude oil price. The minimum gas price is set at USD 10 per mmBtu, with a minimum premium of USD 0.50 per million British thermal units.
ONGC seeks premium over govt price for coal seam gas
State-owned Oil and Natural Gas Corporation (ONGC) is seeking a premium over the government gas price for gas produced from coal seams in Jharkhand. Users are asked to quote a premium they are willing to pay over and above the monthly domestic natural gas price that the Oil Ministry's Petroleum Planning and Analysis Cell (PPAC) notifies.
Achieving 24x7 electricity supply for all in 2024: India's focus on coal and renewables
India plans to enhance its power infrastructure, aiming for uninterrupted 24x7 electricity by 2024. The Union power ministry proposed a substantial 91 GW addition to coal-based thermal power, investing Rs 7.28 lakh crore. Minister R K Singh emphasised energy security amidst geopolitical uncertainties, citing the impact of the Russia-Ukraine war on Europe.
Sops for underground mining in the works, says Mines Minister Pralhad Joshi
"Underground (UG) mines are being bid out under commercial auction regime. This idea is to produce at least 10% of India's coal production from UG mining by 2030. The coal ministry is also considering rebate in revenue share, upfront amount and performance bank guarantee for UG coal blocks to be auctioned for commercial mining in order to promote sustainable mining," the Minister said.
Future of coal is bright in India; technologies to help sustainable extraction of dry fuel: FutureGoal
"The future of coal in India is bright......we believe that there are technologies that are available which can help India extract coal far more sustainably, use it far more sustainably, combust it far more sustainably, and post combustion treatment to coal can reduce Co2 emissions by as much as 99 per cent," FutureCoal Board member Sunil Chaturvedi said.
Union Cabinet approves royalty rates for critical and strategic minerals including lithium
The Union Cabinet has approved royalty rates for critical minerals in India. The decision comes as the government prepares to auction critical mineral mines, including those containing nickel, lithium, cobalt, platinum, and rare earths. The move is aimed at attracting investment and development in the mining sector. India's mineral royalty rates are currently among the highest in the world, which has impacted the competitiveness of the sector. The auction for lithium reserves in Jammu and Kashmir is expected to take place soon, with overseas miners expressing interest.
Muscle, wood, coal, oil: what earlier energy transitions tell us about renewables
The burning of fossil fuels accounted for 82% of the world's energy in 2022, down from 87% in 2000. Despite the growth of renewables, increased energy demand has offset the progress. The United Nations released a global stocktake to assess the world's progress in transitioning away from polluting fuels, revealing that there is still a long way to go. Energy transitions have historically taken 50-75 years, but with accelerating climate change, time is running out.
Coal India output grows 9.5 pc to record 60 MT in May; offtake rises 4 pc to 63.7 MT
Progressive production in April-May 2023 was 117.5 MT, 8.6 per cent higher from 108.2 MT in the year-ago period. In May 2023, the total supplies rose to a healthy level of 63.7 MT, posting a 4.1 per cent rise compared to 61.2 MT in May 2022. For April-May 2023, the coal off-take was 126 MT, clocking 6.2 per cent year-on-year growth compared to 118.6 MT of the same period last year.
Mining all set to resume in Meghalaya after nine years
Coal Mining is set to resume in the state of Meghalaya after nine years. The commencement of scientific mining will be landmark in the history of Meghalaya, as it ensures minimal environmental impact through sustainable and legally compliant extraction procedure.
Coal Ministry sets Rs 50,000 crore asset monetisation target for FY24
The Indian coal ministry has set an ambitious target of $6.7bn in assets monetisation for the current fiscal year, compared to $4bn for FY23. The department expects the auction of commercial coal mines to generate $5.3bn in revenue, with Coal India due to provide $1.3bn in revenues through mine development operations, long-term outsourcing contracts and sale of abandoned mines. The company's capital expenditure plan for the year is $2.2bn. The plan also includes diversification into areas such as power, aluminium and renewable energy, as well as coal gasification and coal-to-hydrogen projects.
Seventh round of coal mine auctions starts tomorrow
Of the 106 mines that will be offered in the seventh round, 61 are partially explored and 45 are fully explored, the government said on Monday. These comprise 95 non-coking coal, one coking coal and 10 lignite mines.
NCL eyes removal of 410 million cubic metres of overburden materials from its coal mines in FY23
Northern Coalfields Ltd (NCL) has so far removed 400.56 M CuM OB with remarkable year-on-year growth of 28.30 per cent, the company said in a statement. During the current fiscal till date NCL has produced 114.48 million tonnes (MT) of coal, registering a growth of 9.50 per cent, and dispatched 117.66 MT coal, clocking 7.70 per cent growth.
CIL signs pact worth Rs 1,880 crore for commercial extraction of coal bed methane
While BCCL would be putting up close to Rs 370 crore towards the cost of the land, the rest will be met by the CBM developer, selected through a global bidding process. CIL has assigned CMPDI, its Ranchi-based consultancy arm, as the principal implementing agency to oversee the project, the statement said.
Coal India Limited forays into extraction of coal bed methane
On Thursday, the coal behemoth said it has issued a letter of acceptance to a domestic company for methane extraction from coal seams in its coalfields in Jharia, Jharkhand. CIL had floated a global tender for the project. The move is seen promoting the discovery of alternative sources of energy.
Coal India gives go-ahead to domestic firm for coal bed methane extraction
The coal behemoth has in the second week of June invited bids from both domestic and overseas companies for two more coal bed methane projects.
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