Coal Price

Domestic coal prices match international trends without raising power bills

Linkage policy gives power plants assured supply of the fuel while giving them more scope to sell electricity in exchange market

Encouraging results for April-June quarter of FY24 lifts Tata Power stock

However, analysts have mixed views due to muted coal price outlook

CIL should remain public sector entity to maintain price stability: Chair

Coal India Chairman Pramod Agrawal said on Thursday that the company should continue to remain as a "government entity" in the future to maintain "price stability" of the dry fuel in the country and suggested an alternative methodology for coal pricing in future. In an interview with PTI a day before his term ends as the head of Coal India on June 30, Agrawal said unlocking value cannot be the "sole" purpose of all enterprises. As a government-owned entity, Coal India holds the responsibility of ensuring that the benefits of coal production are distributed to the public, he said. Agrawal also pointed out that the miner's identity is synonymous with the country's energy sector, and the present structure with CIL as the apex holding company is "strong and stable". "We have seen severe price escalation in international coal prices last year. In such a scenario, private companies would have stepped up their prices as well. However, for a government agency like Coal India, such a situat

India to boost coal imports to cope with harsh weather, freight snags

India's record domestic output of coal has eased tight inventories at power plants, to an average 12 days' supply at the end of 2022

Steel-makers margins to nearly double in H2 to 25% from H1 levels: Report

Steel-makers are in for better times from the second half of the current fiscal as lower input cost and robust domestic demand will ease their margin pressure and lift operating margins to over 25 per cent, as per a report. The industry was hit by high input costs in the first quarter and is still under pressure in the ongoing second quarter, the rating agency said in the report. As a result, their operating margins of primary steelmakers are likely to fall to 14-16 per cent in the first half of this fiscal -- massively down from 30 per cent last fiscal, which was a decadal best -- due to high input costs, lower realisations and imposition of export duty on finished steel products, among other reasons, Crisil added. However, from the second half onwards the margin pressure is expected to ease due to lower production costs because of declining raw material prices and steady realisations backed by robust domestic demand, lifting it above 25 per cent, the report said. This will have t

India continues to grapple with power crisis after coal price surge: Report

India is continuing to grapple with a "severe and protracted" power crisis after a sustained surge in global coal prices in late-2021 was further aggravated by Russia's invasion of Ukraine in February, S&P Global Commodity Insights said.

Input cost hike, freight rates drag chemical MSMEs in Gujarat to 50% output

Of the 11,000-odd units in the state, which account for nearly 40 per cent of India's chemical output, almost a third have turned sick

Steel industry body seeks govt intervention to check coking coal price

Industry body ISA has sought the government's immediate intervention to check coking coal price, which has grown three-fold to around $450 a tonne

ED files charge sheet in money laundering case over valuation of coal price

The investigation was also conducted by the Directorate of Revenue Intelligence (DRI) and a showcause notice to the party has been issued

Coal shortage, high prices may benefit Coal India, Neyveli Lignite

User industries like metals, cement as well as merchant power producers without captive coal mines likely to feel the heat

Global coal prices at record high, to increase India's import bill

The ongoing conflict between Ukraine and Russia is likely to have a bearing on the supply of thermal coal

India's coal production stands at 74.8 MT for Dec; 6.7% jump in last 2 yrs

The country's total coal production rose 6.74 per cent to 74.78 million tonnes in December as compared to the same period in 2019, the government said

Coal production from captive mines likely to touch 85 MT in current fiscal

Coal production from captive mines is expected to reach 120 MT during the next financial year

China wields political might to cool coal prices, but winter looms

Beijing's raft of interventions underscored the extent - and some limitations - of its regulatory might, but the country still faces the daunting task of keeping the fuel cheap and abundant throug

Buoyed by power crunch, Brent crude oil crosses $86-mark

Brent crude oil futures were up 13 cents, or 0.15 per cent, to $84.73 a barrel at 9.00 pm ist, after hitting $86.04, their highest level since October 2018

Higher coal prices to impact Vedanta's profitability in 3rd quarter: Report

Higher cost of coal due to the ongoing shortage of the dry fuel in India will impact the profitability of Vedanta in the third quarter which is likely to be temporary, according to a report

Coal India to refrain from e-auction till stock situation stabilises

Amid the low stock position at the electricity generating plants, state-owned CIL has asked its subsidiaries to refrain from conducting any further e-auction of coal

Rising global oil and coal prices pose macro risks to India: Morgan Stanley

The rising commodity prices expose India to macro risks including on the already elevated inflation and growth fronts, a foreign brokerage said on Thursday. There has been 14 per cent jump in oil prices to USD 83 per barrel and 15 per cent rise in coal rate to USD 200 per metric tonne, analysts at Morgan Stanley said. This rise in energy prices, specifically oil, has prompted concerns of higher inflation, slower growth and whether this could lead to disruptive monetary policy tightening, they said. They added that there are upside risks to inflation, and growth will only improve from a two-year compounded annual growth rate, which will lead to normalisation of the policy. Inflation will move back toward 5.5 per cent by the quarter ending March 2022 after remaining below the 5 per cent mark in the next few readings, it said, noting that a continued rise in energy prices, specifically oil, increases inflation risks. Assuming a complete pass through, a 10 per cent rise in oil prices

Global energy crunch: Oil prices soar above $80 for first time in 3 years

Natural gas and coal prices rally to record peaks as traders brace for winter crunch

Coal quality and quantity issues surface again; CIL denies grade slippage

Close to half a dozen states and NTPC have written to the ministry of power, complaining against discrepancy in coal quality and the billed amount