Page 3 - Coal Industry

NLC India aims to start early mining of Odisha's Machhakata coal block

State-owned NLC India Ltd is aiming to start the mining of Machhakata coal block in Odisha ahead of schedule. Machhakata coal block is the second commercial coal block and the biggest among the NLCIL's mining projects. NLC India Ltd (NLCIL) had emerged as the successful bidder for Machhakata (Revised) coal block in Angul district of Odisha under the commercial coal block e-auction held in July. The Machhakata coal block, having reserves of 1.4 billion tonnes (BT), with average Grade of G10-G11, and capacity of 30 MTPA, is expected to be one among the top five biggest mines in the country, NLCIL said in a statement. "NLCIL aims to commence the mining ahead of schedule. This marks another milestone towards realising NLCIL's Corporate Plan 2030," the statement added. Machhakata Coal Block's vesting order was issued on Thursday. The company had earlier said that it is committed to its capacity addition in line with its vision of achieving more than 100 million tonnes per annum (MTPA)

Coal production increases by 6.48% to 384.08 mn tonnes in April-August

The country's coal production rose by 6.48 per cent to 384.08 million tonne (MT) in the first five months of the ongoing fiscal. The production was 360.71 MT in April-August FY24. The figures for the period under review are provisional. The production of CIL, which accounts for over 80 per cent of the domestic coal output, rose to 290.39 MT during April-August FY25, marking a growth of 3.17 per cent year-on-year, the coal ministry said in a statement. Coal production from captive and other entities rose to 68.99 MT in April- August FY25 from 52.84 MT a year ago. The cumulative coal dispatch up to August was at 412.07 MT against 391.93 MT during the same period of FY24.

Coal production increases by 7% to 370.67 mn tonne in April-August

The country's coal production rose by 7.12 per cent to 370.67 million tonne from April to August 25, an official statement said on Tuesday. Coal production was 346.02 MT in the year-ago period. "Ministry of Coal has achieved upswing in overall coal production up to 25th August 2024. The cumulative coal production for 2024-25, as on August 25, 2024, has significantly increased to 370.67 MT, compared to 346.02 MT during the same period in FY 2023-24," it said. The overall coal dispatch was 397.06 MT as on August 25, 2024, in the current financial year, registering year-on-year growth of 5.48 per cent. Coal dispatch to the power sector rose to 325.97 MT from 313.44 MT in the year-ago period. "This ensures a steady supply of coal to meet the energy requirements of the power sector," the statement added. The overall coal stock position, including pitheads at mines, thermal power plants, and in transit, reached 121.57 MT as of August 25, 2024. This represents a substantial increase of

CIL's contribution to govt exchequer rises 2% to Rs 20,072 cr in Apr-Jul

Coal India's contribution to govt exchequer rises 2 pc to Rs 20,072 cr in Apr-July

If we get operating coking coal mine, will look at it: JSW Steel's Acharya

JSW's economic interest in the coking coal asset would be about 20 per cent, said Jayant Acharya, joint managing director, JSW Steel

CIL actively pursuing acquisition of critical minerals, says chairman

Coal India on Wednesday said it is actively pursuing acquisition of critical minerals, including lithium, in the domestic market and overseas and stressed that it would continue to take part in the auction of such blocks. Critical minerals, including lithium, play a crucial role in the production of clean energy technologies, from wind turbines to electric cars. They are particularly in demand for the production of batteries for electric cars. "With an objective to reduce the import dependence of critical minerals like lithium, cobalt, CIL is actively pursuing acquisition of these mineral assets in India and abroad," Coal India Ltd (CIL) Chairman P M Prasad said during 50th Annual General Meeting of the company. CIL, he said, will continue to participate in e-auction of critical mineral blocks offered by the mines ministry. CIL has successfully opened its account in domestic critical mineral asset, emerging as the preferred bidder for Khattali Chotti graphite block in Alirajpur ..

Battery-storage costs must drop 15% to avoid new coal capacity: Report

India might avoid building new coal plants and could limit its coal capacity to planned levels by 2032 if the cost of battery-storage systems drops by 15 per cent annually, according to a new report. Nearly 75 per cent of India's electricity is generated using coal. However, to meet its goal of reaching net-zero emissions by 2070, the country needs to reduce its dependence on coal and increase the use of renewable-energy sources like solar and wind power. The challenge is that solar and wind power plants only generate electricity when the sun is shining or the wind is blowing. Therefore, energy-storage systems are needed to store this energy and use it during periods of low generation. The report compiled by global energy think tank Ember and the Delhi-based The Energy and Resources Institute (TERI) says if the battery energy storage system (BESS) costs continue to decline at the current rate of 7 per cent annually, India's power sector will see coal generation plateauing until 2032

CIL removes all restrictions on coal purchases, demand to dictate supply

Ends nearly 20-year practice of supply based on contracted capacity

Critical minerals emerged as drivers of modern economy: Coal minister

Coal and mines minister G Kishan Reddy on Thursday said that critical minerals have emerged as drivers of the modern economy and the Centre has ensured the country taps into this global opportunity through the launch of the National Critical Mineral Mission. Union Budget 2024-25 has proposed launching Critical Mineral Mission for domestic production, recycling of critical minerals, and overseas acquisition of critical mineral assets. Its mandate will include technology development, skilled workforce, extended producer responsibility framework, and a suitable financing mechanism. Addressing the national seminar on challenges and opportunities in the mines and minerals sector organised by the Mining, Geological, Metallurgical Institute of India, Reddy said that the government has brought about a paradigm change in the coal and minerals sector, making it transparent and competitive. He elaborated on the government's extensive efforts over the past decade to harness this potential throu

CIL, GAIL sign agreement to set up coal-to-synthetic natural gas project

State-owned CIL on Monday said it has entered into a joint venture agreement with GAIL (India) Ltd to set up a coal-to-synthetic natural gas project in West Bengal. While Coal India Ltd (CIL) will have 51 per cent shareholding in the joint venture, GAIL, the nation's largest gas transportation and distribution firm, will have 49 per cent. The joint venture will be incorporated as a private limited company. The initial paid-up share capital is Rs 1 lakh, CIL said in a BSE filing. The registered office of the joint venture will be in West Bengal and CIL and GAIL each will have the right to nominate three executives as directors of the JV. Earlier this year, the Cabinet Committee on Economic Affairs had approved setting up a coal-to-synthetic natural gas project through a joint venture between CIL and GAIL, and a coal-to-ammonium nitrate project through a venture between CIL and BHEL. CIL will set up two coal gasification plants as part of efforts to achieve the target of 100 MT coal

Bharat Coking Coal pays first-ever Rs 44 crore dividend to Coal India

Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India Limited (CIL), paid its first-ever dividend of Rs 44.43 crore to its parent company on Sunday. This milestone follows BCCL's achievement of clearing its accumulated losses and reporting a net profit of Rs 1,564 crore for the financial year 2023-24, with a turnover of Rs 13,216 crore. BCCL chairman-cum-managing director Samiran Dutta formally handed over the dividend to CIL chairman P M Prasad at a ceremony. The dividend payment was approved by BCCL shareholders at its 53rd Annual General Meeting on August 1. Dutta attributed the company's strong financial performance and strategic progress to a consistent growth rate of 15 per cent over recent years.

Coal doesn't make sense in today's environment: Avaada group chairman

Mittal has raised $2.6 billion since 2023 from Canadian fund Brookfield and Thailand's state-run oil company PTT group, enabling him to participate and win several bids this year

Coal production increases by 6.69% to 74.07 mn tonnes in July: Govt

India's coal output rose by 6.69 per cent year-on-year to 74.07 million tonnes (MT) in July, the government said on Thursday. The country's coal production was 69.42 MT in the corresponding month of previous fiscal, the coal ministry said in a statement. Cumulative coal dispatch witnessed a significant boost in July 2024, touching 79.54 MT, compared to 76.05 MT recorded in July 2023, registering a growth rate of 4.58 per cent. In a separate statement, the ministry said that vesting orders were issued for 10 strategically important coal mines, marking a significant advancement in the nation's coal production capabilities. This initiative, which includes one fully explored and nine partially explored mines, is set to enhance energy security and drive economic growth across the states of Jharkhand, Chhattisgarh, West Bengal, and Madhya Pradesh, it said. Coal and mines minister G Kishan Reddy urged the successful bidders to focus on increasing coal production and reducing imports.

India has potential to export 15 mn tonnes coal to its neighbours: Study

India has a potential to export 15 million tonnes of coal to its neighbouring countries like Nepal and Bangladesh, according to a study. By promoting exports, increasing domestic production, and facilitating import substitution, the country aims to achieve self-reliance, strengthen energy security and support the growth of the coal sector. "According to a study conducted by IIM Ahmedabad, there may exist potential of exporting 15 MT to the...neighbouring countries," the coal ministry said in a statement. The country has a capacity to export 8 million tonnes (MT) of coal to Bangladesh, 3 MT to Myanmar, 2 MT to Nepal and 2 MT to others. The increased production and export of coal will lead to economic growth, create jobs and generate revenue for the government. The government is actively promoting coal exports to capitalise on the growing global demand for fossil fuels. This initiative aims to position the country as a key player in the international coal market, generating revenue

China coal generation share at record low in May as renewables hit highs

Increased renewable generation led carbon dioxide emissions from the power sector, which make up some 40 per cent of China's overall emissions, to fall by 3.6 per cent in May

19 coal mines allocated to thermal plants for fly ash disposal, says govt

The government on Tuesday said 19 coal mines have been allocated to 13 thermal power plants for disposal of fly ash. The Ministry of Coal has undertaken a significant initiative to ensure proper disposal of fly ash by allocating mine voids. A Central Level Working Group (CLWG) under the chairmanship of Additional Secretary, Ministry of Coal, was formed in 2023 for this purpose. The interested Thermal Power Plants (TPPs) applies for the allocation of mine voids to the Central Electricity Authority (CEA), which is eventually discussed in the CLWG meeting. "In this proactive move, a total of 19 mines have been allocated to 13 TPPs," the coal ministry said in a statement. This allocation addresses environmental concerns associated with fly ash disposal and promotes sustainable practices within the coal mining sector. "Fly ash" means and includes, all forms of ash, such as electrostatic precipitator ash, dry fly ash, bottom ash, pond ash and mound ash, that is generated. Its compositi

Over 100 industry reps attend meet before 10th round of coal mine auction

More than 100 representatives from the industry participated in a pre-bid meeting for the tenth round of commercial coal mine auctions, the government said on Friday. The government has put on sale 67 coal blocks in the 10th round of auction that was launched last month. "Ministry of Coal conducted the pre-bid meeting for 10th round of commercial coal mine auctions under chairmanship of Additional Secretary & Nominated Authority M Nagaraju, which was launched on June 21, 2024 offering 67 coal mines," an official statement said. A detailed presentation on the auction process was made by the transaction advisor, SBI Capital Markets Ltd, while another was given by the technical advisor, CMPDIL, about the mines being offered under this tranche on a revenue-sharing basis. The bid due date of this tranche of auction is August 27. Commercial coal block auction was launched by Prime Minister Narendra Modi in June 2020. Since then, in the last nine rounds, the Ministry of Coal has ...

Coal sector records 10.2% growth rate among eight key infra sectors in May

The coal sector has registered a growth of 10.2 per cent among all eight core industries of the economy in May, the government said on Thursday. The index of coal industry has reached 184.7 points during May as compared to 167.6 points during the same month last year. "The coal sector has demonstrated highest growth of 10.2 per cent (provisional), following the electricity industry among the eight core industries for the month of May, 2024 as per the Index of Eight Core Industries (ICI)) (Base Year 2011-12) released by Ministry of Commerce & Industries," the coal ministry said in a statement. The driving force behind growth can be attributed to a considerable rise in coal production during May. This increase in production underscores the sector's capacity to meet growing demand of energy and manufacturing industries. The exceptional expansion of the coal sector, coupled with its substantial role in propelling the overall growth of the eight core industries, stands as evidence of .

Indian imports of Russian coal decline, US shipments surge in May

Russia's exports of all types of coal to India over the period fell 22.4 per cent from a year earlier

Coal India awards 23 discontinued underground blocks to private miners

State-owned Coal India on Wednesday said it has awarded 23 discontinued underground blocks to private miners through an auction route on revenue sharing model. The cumulative peak rated capacity of these mines is 34.14 million tonnes per year while the total extractable reserves are estimated at 635 MT, the miner said in an exchange filing. "Coal India Limited (CIL) in a bid to tap the latent coal reserves of some of its closed and discontinued underground mines has awarded 23 such mines on revenue sharing model to successful bidders of the private sector," it said. Earlier, CIL had identified a total of 34 discontinued mines where good quality coal reserves are lying dormant but may not be financially viable for CIL to mine them. Hence, the company said it decided to tender and offer these mines to willing private sector players who are prepared to operate and produce the dry fuel and share part of the revenue with the company. "Successful bidder is the one who offers the maximum