Commercial Coal Mining

Coal India's total production up by 2% to 471 million tonnes in Apr-Nov

State-owned CIL's coal production rose by 2.4 per cent to 471 million tonnes (MT) in the April-November period of the current financial year. Coal India Ltd (CIL) produced 460 MT of coal in the year-ago period. CIL accounts for over 80 per cent of the domestic coal production. The company's production also rose by 1.7 per cent to 67.2 MT in November against 66 MT in the corresponding month a year ago, CIL said in a regulatory filing to BSE. Coal offtake by CIL, which is the amount of dry fuel supplied from coal pitheads, rose by 1.5 per cent to 492.6 MT in the April-November period of the current fiscal, compared to 485.2 MT in the year-ago period. The company's coal offtake in November was almost flat at 63 MT, over 62.9 MT in the corresponding month of the previous fiscal, the filing said. Coal India Ltd said it produced 773.6 million tonnes of coal in 2023-24 but fell short of its production target of 780 MT for the fiscal. Its production was 703.2 MT in the preceding 2022-23

Govt receives 44 bids in 10th round of commercial coal mine auction

The government on Friday said that 44 bids have been received for 67 coal blocks put for sale under the 10th round of commercial mines auction. A total of 44 bids were submitted in physical form. The coal ministry in June put on sale 67 coal mines for auction under the 10th round of commercial mines auction. "The substantial number of bids underscores the continued interest and participation from stakeholders in India's evolving coal sector," the coal ministry said in a statement. The auction process has drawn considerable participation from small and medium-sized players, indicating the inclusive nature of the auction process. This inclusivity highlights that the reforms in the coal sector have been well received across the industry, regardless of the size of the players. The online bids received during the auction process, along with the offline bids will be opened on Monday. The strong response to this round of auctions is a significant step towards making the country self-rel

Prakash Industries surges 8% on getting final nod for Bhaskarpara coal mine

Shares of Prakash Industries zoomed up to 7.9 per cent at Rs 208.95 per share on the BSE in Friday's intraday trade

Private captive, commercial coal mines cross 140 MT production in FY24

Out of the total production of 147.2 MT, the power sector captive mines produced around 121.3 MT, captive mines of the non-power sector produced 8.4 MT

Centre to hold roadshow in Ranchi to woo investors for coal mine auction

The coal ministry will organise a roadshow in Ranchi to increase participation of investors in the commercial coal mine auction. Coal Secretary Shri Amrit Lal Meena will be the chief guest for the event while additional secretary M Nagaraju will be the guest of honour, the coal ministry said in a statement. "To enhance participation in commercial auction of coal mines, the Ministry of Coal is organising a roadshow at Ranchi on January 16," it said. The government launched the process for sale of 39 coal mines under eight rounds of commercial auctions and 31 under the ninth. These 70 coal mines are from the coal-bearing states of Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, Telangana, and West Bengal. Of the said mines, 27 are fully explored ones and 43 are partially explored, the statement said, adding that seven are coking coal mines, while the rest are not. The mines have been finalised after detailed deliberations and those falling under protected areas

Coal India extends fuel supply agreement tenure for non-regulated sector

State-owned CIL on Tuesday said it has extended the tenure of fuel supply pact to ten years from the earlier five years for the non-regulated sector. The move aims at ensuring long-term assurance of coal supply through linkage auction to the non-regulated sector. Coal India Ltd (CIL) has begun the seventh tranche of the linkage auction to the non-regulated sector within days of completion of the sixth round. "CIL has proactively increased the tenure of fuel supply agreement (FSA) to 10 years, beginning with the seventh tranche," the company said in a statement. For sponge iron sub-sector customers, the seventh round of linkage auction started in the last week of December to meet their coal demand, even though the conversion ratio of successful bids into FSAs was low by this sector in the sixth round. "CIL is committed to supplying coal to the extent of the normative requirement of all industrial sectors including sponge iron. In this endeavour, regular linkage auctions, as per the

Govt reviews captive coal mines status; urges allottees to rise production

The coal ministry on Thursday reviewed the status of commercial and captive coal blocks that have already started production as well as those which are expected to commence production. During a high level meeting to review the status of 'producing and expected to produce' captive and commercial coal mines, Additional Secretary at the ministry M Nagaraju also urged the allottees to put in further efforts to achieve the committed coal output target for the current fiscal, an official statement said. As of December, 50 captive and commercial coal mines were under production. According to the statement, Nagaraju also "impressed upon the allottees to take necessary steps to operationalise the coal blocks that are in advanced stages of operationalisation". Within three-and-a-half years of commencing commercial coal mines auction in 2020, 6 mines with a cumulative Peak Rated Capacity (PRC) of 14.87 million tonnes (MT) have already started production. In December 2023, the total coal ...

CIL's coal output rises 11.5% to 460 mn tonnes during April-November

State-owned CIL on Friday said its coal production grew by 11.5 per cent to reach 460 million tonnes (MT) during the April-November period of the ongoing fiscal. CIL accounts for over 80 per cent of domestic coal output. The company had produced 412.5 MT of coal in the year-ago period, Coal India Ltd (CIL) said in a statement. "With 11.5 per cent year-on-year growth CIL stayed ahead of the annual asking rate of 10.2 per cent. The production saw an upsurge of 47.4 MT in quantum terms compared to 412.5 MT of same period last year," the PSU said. All the seven arms of CIL have registered growth with two of them -- BCCL and NCL -- achieving their respective progressive targets. During the last month CIL's production increased by 8.7 per cent to 66 MT from 60.7 MT in the corresponding month of previous fiscal. Supply of coal by CIL to the power sector registered a rise of 4.7 per cent to 398.7 MT in the April-November period compared to 380.8 MT in the year-ago period. "CIL feels con

Govt allocates 3 more coal blocks for commercial mining activities

The government on Tuesday allocated three more coal mines under commercial mining to the successful bidders

Tata Power seeks regulator nod to raise tariffs and offset fuel cost surge

A spike in coal prices has increased cost of generation

Vedanta Ltd bags two coal commercial mines in e-auction in Odisha

Vedanta Ltd has emerged as the highest bidder for two coal mines in Odisha on the second day of commercial coal mines auction. The government put on sale 10 coal mines under the commercial coal mine auction on Tuesday and Wednesday. "On the 2nd day of the e-auction today , two coal mines were put up for auction of which both coal mines were MMDR coal mines," the coal ministry said in a statement. The blocks were auctioned under the second attempt of the fourth round of commercial coal mine auction. Both the coal mines are fully explored and have Peak Rate Capacity (PRC) of 20 million tonnes per annum. Jaiprakash Power Ventures had emerged as the highest bidder for a coal block in Madhya Pradesh on the first day of the auction of blocks on Tuesday. While Madhya Bharat Minerals had emerged as the highest bidder for a coal mine in Chhattisgarh, Avassa Ferro Alloys bid the highest for a mine in Maharashtra. Gangaramchak Mining was the highest bidder for a mine in Jharkhand whi

Coal ministry to e-auction 10 reserves on Sep 13 for commercial mining

Till now, the Coal Ministry has auctioned 43 coal mines with peak rate capacity of 85.4 million tonnes per annum

Production from captive, commercial coal mines rises 79% in June quarter

The production from captive and commercial coal blocks has increased by 79 per cent to 27.7 Million Tonnes (MT) in the June quarter. The coal ministry also expressed hopes that the targeted production of 32 MT from captive and commercial mines during the second quarter of FY23 will be achieved. "Production from coal blocks during the first quarter of financial Year 2022-23 was reviewed by the Additional Secretary and Nominated Authority, the Ministry of Coal on July 6, 2022 in the presence of project proponents. Coal production achieved during the first quarter is 27.7 MT which is 79 per cent higher than 15.5 MT coal produced during same period in FY 2021-22," the coal ministry said in a statement. The government also appreciated the efforts of coal blocks owners in achieving such high growth. Two coal blocks sold last year under commercial mines auction have become operational and produced 1.57 MT in the first quarter, it said. At present, a total of 36 captive and commercial min

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.

Coal ministry seeks inclusion of 5 mine pit lakes in Ramsar wetland list

The coal ministry on Wednesday said it approached the environment ministry for inclusion of five coal mine pit lakes in West Bengal, Odisha, Jharkhand and Madhya Pradesh in the list of Ramsar sites. The list of Ramsar sites includes wetlands of international importance identified as per the Ramsar Convention, an intergovernmental treaty established in 1971 by UNESCO, which came into force in 1975. Wetlands, often known as 'liquid assets', are crucial natural resources that help stabilise water supplies, cleanse polluted waters, protect shorelines and recharge groundwater aquifers. "The suitability of coal mine pit lakes for inclusion in Ramsar list was discussed with MoEFCC (Ministry of Environment, Forest and Climate Change), the nodal ministry for identification of wetlands for placing on the Ramsar list," the coal ministry said in a statement. As per the guidance of MoEFCC, Coal India has identified five pit lakes situated in West Bengal, Odisha, Jharkhand and Madhya Pradesh for

Govt receives 38 bids for commercial mines' auction, says Coal Ministry

The coal ministry on Monday said that it has received a total of 38 bids during three rounds of commercial coal mines' auctions. The online bids received as part of the auction process will be opened on Tuesday from 10 AM onwards in the presence of interested prospective bidders, coal ministry said in a statement. "The last date for submission of online technical bids for all the coal mines was 1200 hours on June 27, 2022 and offline submission was 1600 hours on June 27, 2022," it said. According to the coal ministry statement, a total of 28 offline bids were received against 15 coal mines under fifth tranche of commercial mines' auction. Under second attempt of third tranche, a total of nine coal mines were put up for sale and six bids have been received against them, the statement said. Under second attempt of fourth round, a total of four coal mines were put up for auctions and four bids have been received against three coal mines. The fifth round, second attempt of fourth and

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

Jindal Steel and Power, Hindalco bag coal mines in Odisha in auction

BS Ispat Ltd emerged as the highest bidder for Majra mine in Maharashtra, Assam Mineral Development Corporation bagged Garampani coal block in Assam

Supply of coal to power plants in Nov more than consumption: Joshi

Several power plants of the country reportedly faced coal shortages during September and October this year

Coal shortage deepens in India amid plunging plant inventories

Electricity demand from India's state distribution utilities rose more than 10% in July and 18% in August