In view of weak power demand, the dispatch of coal by Coal India (CIL) to the power sector declined by 12.7 per cent to 26.4 million tonnes (MT) in August this year.
Category: Coal & Mining
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CIL production up 0.2%
Coal India Ltd has reported that its coal production grew by 0.2 per cent to 230.06 million tonnes (MT)
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Adani Ports standalone net profit dips by 13.48percent in Q2FY17
Adani Ports and Special Economic Zone (APSEZ) reported a 13.48 per cent drop in standalone net profit for the quarter ended September 30, 2016. Its net profit stood at Rs 916.67 crore in Q2FY17 as against Rs 1,059.51 crore in the corresponding quarter of the previous financial year.
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Infrastructure, business-friendly policies keep Gujarat ahead in exports
Gujarat, widely acknowledged as the most business-friendly state in India, figures among the top five states that account for 69 per cent of the countryÂ’s total export earnings. It is also among two states, the other being Maharashtra, that together account for more than 46 per cent of the merchandise consignments from the country.
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Coal dispatch by CIL to power sector dips 13percent
In view of weak power demand, the dispatch of coal by Coal India (CIL) to the power sector declined by 12.7 per cent to 26.4 million tonnes (MT) in August this year.
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Coal India production up 0.2% in April-September
Coal India Ltd (CIL) has reported that its coal production grew by only 0.2 per cent to 230.06 million tonnes (MT) in the April to September period as compared to 229.54 MT of coal produced in the first six months of the last fiscal.
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Slow progress of auctioned blocks worries ministry
The Union Mines Ministry has expressed displeasure over the unimpressive progress of mineral blocks auctioned by states, reports the Business Standard. Post auctions, little has been done to secure clearances to enable commencement of mining from such blocks.
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Excess coal output worries government
As India plans to become completely self-sufficient in energy security in view of the changing circumstances, the government is worried about how to dispose the country's excess coal production, Union Minister for Power Piyush Goyal has said. He said that two years ago, when he had announced a target of one billion tonnes of coal production, “it was an off-the-cuff remark” to tackle coal shortages prevalent then.
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Coal price increase may push up power tariffs
With a hike in coal prices and levy of coal terminal charge, electricity consumers may end up paying more as discoms increase tariffs to counter the hike. This is due to the hike in coal price.
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Coal Ministry to go totally digital
In line with the Centre´s ambitious ´Digital India´ initiative, the Coal Ministry has decided to move all papers and documents into digital format from November 1 onwards, a move aimed at bringing in efficiency and transparency.