INDIA COAL
India's solar output grows at slowest pace in six years in first half of 2024
Solar power generation in the third-largest producer of electricity from the sun rose to 63.6 billion kilowatt-hours (kWh) in the first half of 2024, the data showed, up 14.7% compared with the same period last year and 18.5% in the calendar year 2023. The world's fastest growing major economy has prioritised coal to address a surge in power demand in recent years.
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.
Add Coal India, target price Rs 495: ICICI Securities
Coal India Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 296488.86 Crore) operating in Mining sector.
NLC India posts 22% rise in lignite production to 61.7 lakh tonnes in Q1
State-owned firm NLC India Ltd reported a 22.12 per cent increase in lignite production to 61.72 lakh tonnes in the first quarter of the current fiscal, up from 50.54 LT last year. Coal production also rose by 35.27 per cent to 28.46 LT. Gross power generation grew to 7,553.62 MU, including 546.63 MU of renewable power. Market capitalisation increased by 5.28 per cent to Rs 240.15 per share.
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.
India's coal production rises 14% in June
India's coal production surged by 14.49 per cent to 84.63 MT in June. Coal India Ltd's output was at 63.10 MT, up by 8.87 per cent from the previous year. Coal dispatch reached 85.76 MT, a 10.15 per cent increase, while coal stock held by companies rose to 95.02 MT, showing a 41.68 per cent annual growth. Coal stock at thermal power plants also increased to 46.70 MT, with a 30.15 per cent annual growth rate, underscoring the sector's efficiency.
- Go To Page 1
Stocks in news: Patanjali Foods, IOL Chemicals, Carysil, Tata Steel, Coal India
Coal India's coal production rose 8% to 189.3 million tonnes in the first quarter. Patanjali Foods approved the acquisition of the home and personal care business. DCX Systems received a Rs 1,250 crore order.
Coal India's Q1 production rises 8 pc to 189 MT
State-owned Coal India Ltd (CIL) reported an 8% increase in coal production to 189.3 million tonnes (MT) in the first quarter of the current fiscal year, surpassing the target. The company achieved 100% satisfaction, with all seven subsidiaries showing positive growth and five surpassing their targets. CIL's total supplies rose to 198.4 MT, with a 6% year-on-year growth, meeting the increasing demand for coal in the country, especially for power generation.
Pace of coal import growth declines from over 21 pc to below 2.5 pc in last decade: Govt
The annual growth rate of India's coal imports declined to 2.49% in the past decade, down from 21.48% in the previous decade, reflecting progress towards energy self-reliance. The share of imported coal also decreased, with a compound annual growth rate of -2.29%. India aims to optimize its indigenous coal resources and leverage technology.
Govt in process of finalising policy to offer PCI coal to steel makers to reduce imports
The Indian government is finalizing a policy to offer washed PCI coal to steel makers, aiming to reduce imports. PCI coal is crucial for steel production, enhancing efficiency and cutting carbon emissions. Plans include setting up coking coal washeries to meet sector demands by 2030.
Maiki South Mining secures India's first Lithium and REE blocks of Chhattisgarh with FPO of 76.05%
On Monday, Union Minister G Kishan Reddy granted the first Lithium block, Katghora, and the Rare Earth Element (REE) Block of Chhattisgarh to Maiki South Mining Private Limited, with a Final Percentage Ownership (FPO) of 76.05%. India currently depends significantly on imports to fulfill its demand for crucial minerals such as Lithium, Niobium, and Rare Earth Elements (REE). These minerals are essential for emerging technologies like electric vehicles, pharmaceuticals, and defense manufacturing.
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.
Power units' imported coal blending may be cut to 4%
India is considering reducing the mandatory blend of imported coal with locally produced fuel for thermal power units from 6% to 4-5% due to higher coal stocks at plants. The advisory on coal blending, extended in March to ensure power availability during peak demand, is set to expire on June 30.
Coal stock at thermal power plants grows 32 pc to 45 MT
Thermal power plants (TPPs) in India reported their highest-ever coal stock of over 45 million tonnes on June 16, a 32% increase from the previous year. The Ministry of Coal worked tirelessly to ensure a consistent coal supply by enhancing production, logistics management, and inter-agency coordination. Cumulative coal production reached 207.48 million tonnes, reflecting a 9.27% growth. Coal India Ltd recorded a 7.28% increase in coal production and a 4% growth in dispatches.
Weak hydro output may fuel higher coal reliance: S&P
This is despite an increase in coal production, which touched the 1-billion-tonne mark in FY24, which was in line with the government's target of reducing the country's dependence on coal imports, S&P said. Depleting hydroelectricity generation in the backdrop of irregular rainfall last year has led to a lower water level available in the country's primary reservoirs which could further reduce generation during the summer, it said.
Coal India exploring lithium assets in Argentina with U.S. company
Coal India Ltd, in collaboration with a U.S. firm, is exploring lithium blocks in Argentina to secure battery material supplies under the U.S.-led Minerals Security Partnership. This initiative aims to diversify critical minerals supply chains and reduce dependency on China, with preliminary studies currently underway.
India's coal import rises 13% to 26 MT in April
India's coal imports surged 13.2% to 26.10 million tonnes in April 2024, driven by early summer demand. Non-coking coal reached 17.40 MT and coking coal 4.97 MT. Amid calls for boosting domestic production, imports continue to rise, expected to meet power and industrial sector needs ahead of monsoon season restocking
India wants to increase domestic coal production, reduce imports, coal minister says
India aims to reduce coal imports and boost domestic production, according to Federal Coal Minister G. Kishan Reddy. The country, a major coal consumer, imported 176 million tons of thermal coal in 2023. Import levels are projected to drop below 160 million tons in 2024. The government's shift towards green energy aligns with Prime Minister Narendra Modi's plan to reach net zero emissions by 2070.
Centre may seek nod for coal exchange
The coal ministry is expected to seek approval for India's first coal trading exchange as part of its 100-day action plan. The exchange aims to facilitate transparent coal trading for both captive and commercial auction holders, potentially leading to better prices for consumers. Surplus stock from Coal India Ltd may also be traded on the exchange. The ministry's plan includes upgrading coal transportation and loading systems, adding 600 MW of thermal power capacity by NLC India Ltd, and bidding out around 10 coal gasification projects.
Coal India's contribution to govt exchequer drops 2.2 per cent to Rs 9,560 crore in April-May
Coal India Ltd's contribution to the government's exchequer decreased by 2.2% to Rs 9,560.28 crore in April-May of the current fiscal year, down from Rs 9,777.64 crore in the previous year. Total levies paid to the government in May rose to Rs 4,763.20 crore. State governments receive revenue from coal production through royalties, GST, and other levies, with Jharkhand and Odisha receiving the highest amounts.
Thermal plants have 30% more coal stocks
Coal stocks at thermal power plants exceed 45 million tonnes, meeting 19 days' requirement despite 30% increase from last year. Government attributes sufficient stock to logistic arrangements for coal supply.
Coal India incorporates new arm for coal-to-chemical business
Coal India's subsidiary BCGCL, with BHEL and GAIL, aims for coal-to-chemicals business with ammonia, nitric acid, and ammonium nitrate production, contributing significantly to domestic coal output.
Coal India, NMDC, OVL look to secure critical mineral assets abroad
CIL, NMDC, OVL, and KABIL are collaborating to secure critical minerals overseas, focusing on lithium for EV batteries. India defines 30 critical minerals to meet energy transition goals for various sectors.
Coal India, NMDC exploring lithium mines overseas
State-run miners Coal India and NMDC are venturing into lithium mines in Chile and Australia, aiming to secure critical minerals. India's Mines Ministry encourages state-owned firms like ONGC Videsh to explore overseas. Delegations will visit Zambia and Congo for joint exploration. India eyes trade pacts for access to critical minerals globally, including with Chile and Mongolia.
India's mineral production rises 8 pc in Feb
India's mineral output surged 8% in February. The mining index reached 139.6, up by 8%. April-February growth stood at 8.2%. Key highlights include gold production, copper conc growth, and negative growth in iron ore, lead conc.
India's coal production rises 7.4 pc in Apr to 78.69 MT
India's coal production in April 2024 reached 78.69 MT, with Coal India Ltd contributing 61.78 MT. Captive/others production also increased, leading to a rise in total coal dispatch to 85.10 MT.
Coal India production rises 7% in April
Coal India Ltd (CIL) reported a 7.3% increase in coal production to 61.8 million tonnes (MT) in April compared to 57.6 MT in the same period last year. CIL, which contributes over 80% of domestic coal production, also saw a 3.2% rise in coal offtake to 64.3 MT. Despite producing 773.6 MT in FY24, CIL fell short of its target of 780 MT.
Coal India's capex rises 6.5% to Rs 19,840 crore in FY24
"CIL achieved 120 per cent target satisfaction over the year's capex target of Rs 16,500 crore. For the fourth fiscal on sequence CIL's capex breached the budgeted target," the PSU said.
Govt sets coal production target of 170 million tonnes for FY25
According to an official, additional secretary, coal, M Nagaraju this week reviewed the coal production targets for FY25. Representatives of 74 coal mines were present in the review meeting.
Load More
