Page 7 - Coal India Limited

Coal India says enough supplies, advises power plants to stock up

CIL has called for bids to supply 2.4 mt of coal to be delivered for the July to September 2022 period

Coal ministry seeks help from World Bank to re-purpose abandoned mines

Coal Ministry said it sought assistance from the World Bank and other global institutions for re-purposing its abandoned coal mines to make them stable and suitable for commercial purpose.

Adani among 11 bidders in race for CIL's Rs 3,100-cr coal import tender

Apart from Adani, the other two names disclosed by CIL from its pre-bid meetings were contenders in the NTPC tender as well.

Govt aims to build 40 Mt coal stock at plants to ensure monsoon supplies

The government is gearing up to increase the stock of coal at power plants to 40 million tonne (MT) during the monsoon season, power minister R K Singh said.

India's coal imports may drop 11% to 186 MT in FY23: Coal ministry

India's coal import is likely to decline by 11.4 per cent to 186 million tonnes (MT) in the current financial year, even as the state-owned firm has issued tenders to source the fuel from overseas.

CIL issues import tender for 2.4MT of coal, identifies 26 beneficiaries

The imported coal would be supplied to state government-owned gencos and independent power producers (IPPs), 1.2 mt each

Stocks to Watch: M&M, Tata Coffee, Voda Idea, Coal India, Hindalco, REL

Stocks to Watch Today: The Aditya Birla Group has planned a massive Rs 77,000 crore capex; Meanwhile, this week the focus will be on rate sensitive sectors ahead of the RBI policy meet on Wednesday.

Coal supply by CIL to captive power plants, cement sector drops in May

The fuel supply by Coal India Ltd (CIL) to captive power plants dropped 39.74 per cent in May 2022 over the year-ago period

Coal India to issue two tenders for imported coal to address local shortage

Officials are rushing to make more coal available for utilities as shortages in July-September quarter are expected to be 15% wider than intitially estimated due to expectations of higher power demand

Record renewable energy output helps India ease coal shortage in May

The share of renewable energy sources in power output rose to 14.1% in May from 10.2% in April. Coal made room for it, dropping to 72.4% of Indian generation from 76.8%

Coal India production rises 28% in April-May at 108 million tonne

State-owned CIL on Wednesday said it produced 108.2 million tonne of coal in the first two months of the ongoing fiscal year, registering year-on-year increase of 28.8 per cent. The company had produced 84 million tonne (MT) of coal in April-May last fiscal year, Coal India Ltd (CIL) said in a filing to BSE. The company's output in May increased to 54.7 MT from 42.1 MT in the corresponding month of previous fiscal year, the filing said. "Accelerating its production, CIL posted a strong 30 per cent output growth in May'22. The increase in volume terms was 12.6 MT," the PSU said in another filing. Facing a production target of 700 MT for 2022-23, which entailed 12.4 per cent growth rate at the beginning of the fiscal year, CIL brought down the year's asking growth rate to 9.9 per cent by the end of last month. "Admittedly, sustaining the level of growth witnessed so far, throughout the year, is difficult but we will be monitoring the progress month by month to augment the output," s

Coal India Ltd to divest 25% stake in BCCL; plans subsequent listing

Stating that the company's board had given only "in principle" approval to the proposal, CIL said that only after getting further clearance from the government, subsequent action would be initiated

Coal production rose to 34 MT in 1st half of May to meet power demand: Govt

The total coal dispatch including non-CIL coal producing units has been to the tune of 71.77 MT for the entire month of April, registering a growth of 9.39 per cent on a year-on-year basis

Coal India production slower than the captive mines, shows govt data

During 2020-22, production from the captive mines jumped by 38.5 per cent while CIL saw a tepid growth of 3.4 per cent, according to government data

Coal firms report delay in loading at railway sidings due to shortage

So far in May, 1,205 rakes allotted to the seven companies of CIL have incurred delays. This is close to a third of CIL's total loading.

Pvt investors, CIL, govt exploring ways to make coal mining more bankable

The challenge for the companies is how to make the banks finance the projects

Power crisis: Railways missed coal train provision targets for over a year

In April, state-run Indian Railways supplied 261 trains per day to Coal India for the power industry, the lowest in three months

India's dependence on coal based power is proving to be very expensive

The situation cries out for more global investment in India to retire coal, buy out existing contracts, compensate affected communities and switch to renewables

CIL's supply to power sector up 16% in Apr; to augment dispatches further

On an average, the PSU supplied 1.66 MT of coal per day to power utilities in April which increased to 1.73 MT during last week

State-run power gencos owe Rs 6,477.5 crore to Coal India Ltd

At present, the country is witnessing a power crisis on account of coal shortages