Page 10 - Coal Industry

Coal imports fall 1.82% to 68.30 MT in Apr-Jun quarter: mjunction

India's total coal imports fell 1.82 per cent to 68.30 million tonne in April-June period of ongoing financial year, according to a report. The import was at 69.57 MT in the same period a year ago, mjunction said in its latest report. The import included non-coking coal, coking coal, anthracite coal, pulverised coal injection (PCI) coal, met coke and pet coke, it said. During the period, non-coking coal import stood at 42.99 MT against 47.44 MT in the same period last year, while coking coal import was 15.89 MT against 14.61 MT imported a year ago. In June 2023, the import stood at around 21.03 MT, down 25.21 per cent as against 28.11 MT imported in the same month last year. India is among the top five coal-producing countries in the world. However, some parts of its coal requirement are met through imports as the country is also among the major consumers of the dry fuel. For coking coal -- a key raw material used in steel making -- the country remains heavily dependent on ...

Coal India Q1FY24 results: Net profit falls 10% to Rs 7,941.40 crore

The coal major had clocked a net profit of Rs 8,834.22 crore in the April-June period of the preceding 2022-23 fiscal, the company said in a regulatory filing

More than a coal miner: Rebranded Coal India to embrace new identity

Ministry sources indicate that the rebranding exercise and name change are currently under consideration, and the CIL board will soon make a decision

Public sector coal companies to invest Rs 2.5 trn in new biz by 2030: Joshi

Public sector coal companies have made an investment plan of Rs 2.5 lakh crore by 2030 towards "new business", Union Minister Pralhad Joshi said on Tuesday. The investment will be utilised to increase their capacity and usage of green energy, the Union Minister for Coal and Mines said at a session of Indian Construction and Equipment Manufacturers Association (ICEMA) organised by industry body CII. "Coal PSUs have made a investment plan of Rs 2.5 lakh crore by 2030 in the new business like developing renewable energy (projects), clean coal technologies and new mine development projects," he said. They will also increase their respective capacities as well, Joshi said speaking to the players of construction and equipment industry. The minister further said that India has set an ambitious target to produce over 1 billion tonnes of coal by 2023-24, and construction and equipment industry will play a crucial role in meeting this goal. As the mining industry aims to increase production

BHP expects Indian steel industry's boom to boost its coal business

Around 40% of BHP's metallurgical coal, used by steel mills and known as coking coal, is now heading to India, chief commercial officer Vandita Pant told FT

Increase in public float to stoke a $685 million fire in passive buying

Three Adani Group firms, Coal India among beneficiaries

India second country after China to burn one billion tonnes of coal: IEA

In 2023, China and India will account for 70 per cent of global coal consumption, or double the amount of coal burnt in the rest of the world combined

To avert coal woes, Railways to lower coastal shipping freight rates

First-mile, last mile rail freights account for 71% of coastal shipping costs

NTPC's captive coal mines production nearly doubles to 8.48 MMT in Apr-Jun

The production from captive coal mines of NTPC almost doubled to 8.48 million metric tonnes (MMT) in the first quarter of FY24, a statement said on Saturday. NTPC produced 4.27 MMT coal from its captive mines in Q1 FY23, the company said in the statement. The despatch of coal from its mines more than doubled to 8.82 MMT in Q1 FY24 from 4.17 in April-June FY23, it added. "This outstanding performance reflects NTPC's relentless commitment to enhancing coal production from its captive mines and ensuring efficient supply to meet the nation's energy needs," it said. To achieve sustained growth in coal production, NTPC has implemented a range of strategies and technologies. These include the adoption of rigorous safety measures, improved mine planning, equipment automation, workforce training and implementation of continuous monitoring and analysis systems. NTPC Ltd, under the power ministry, is India's largest integrated power utility, contributing 1/4th of the country's energy

Rs 10,500 crore in the pipeline for coal-fired thermal power project in UP

The Jawaharpur plant is being equipped with supercritical technology. It will be fed with coal from the Saharpur Jamarpani coal block in Jharkhand to be developed by UPRVUNL

Overall coal stocks reach 110.58 million tonnes, up 44%: Coal ministry

The cumulative coal production for FY24 reached 182.06 MT as on June 13 compared to the previous year's production of 168.17 MT for the same period

Centre issues allocation orders to successful bidders of 22 coal blocks

The nominated authority, Ministry of Coal has issued vesting orders for 22 coal mines to successful bidders of coal blocks, said the ministry

State-owned coal firms taking steps to make mining sustainable: Joshi

From planting saplings to development of eco-parks, state-owned coal companies are taking various measures to reclaim abandoned mines, infusing multi-core investments, coal and mines minister Pralhad Joshi said. Other initiatives of the ministry include adoption of modern technologies like gasification of coal, installation of renewable energy projects, conservation of water bodies etc, the minister told PTI in an interview. "Our Prime Minister (Narendra Modi) has set a vision to make India net zero by 2070. In line with his vision, our PSUs are taking various efforts to make the coal mining a sustainable exercise. We are doing our bit for climate change issue. They are spending thousands of crores to meet this goal," he said ahead of the World Environment Day on June 5. Coal India Ltd (CIL) along with with its eight subsidiary companies and NLC India Ltd function under the administrative control of the coal ministry. Joshi, who is also the minister for parliamentary affairs, added

Coal India's production rises to a record high of 60 million tonnes in May

CIL's growth in May 2023, in volume and percentage terms came on the back of a very high base

Sustainable mining technology need of the hour: Minister Pralhad Joshi

Union Minister for Coal and Mining Pralhad Joshi was speaking at the inauguration of the first Mining Start-Up Summit at the Indian Institute of Technology, Bombay

790 million tonnes and rising: Big & small MDOs help meet coal demand

Rising electricity demand is pushing for more coal mining as thermal power continues to be the backbone of supply

JSW Group exploring possibilities to acquire coal mines in offshore markets

Homegrown firm JSW Group is exploring possibilities to acquire coking coal mines in offshore markets, industry sources said. The steel-to-infrastructure group is exploring the mineral assets in countries like Australia and Mozambique etc, they said. "JSW Group is exploring possibilities to acquire coking coal mines in offshore markets like Mozambique, Australia etc for captive purposes," sources said. Captive coking coal mines will help group company JSW Steel reduce its cost of production for manufacturing steel, they explained. When contacted, a JSW Group spokesperson declined to make any comment. JSW Steel is into manufacturing steel through the blast furnace route, a process which requires coking coal as a key raw material. Due to the unavailability of coking coal, India remains dependent on imports to meet 85 per cent of its coking coal needs from far-located countries like Australia, South Africa, Canada and the US. Specifically, JSW Steel meets 60 per cent of its coking c

Vietnam govt approves plan to cut power output from coal-fired plants

The Vietnamese government has approved a plan that needs $134.7 billion to reduce coal-fired electricity generation and improve the country's power grid by 2030

Digging deeper: Coal India's 1-bn tonne target to spur mining in states

Just transition goals, ecological challenges in contrast to mining plans

Coal India net profit rises 62% to record Rs 28,125 crore in FY23

Q4 profit slips marginally, Board declares Rs 4 per share dividend