The state-owned CIL and Singareni Collieries Company (SCCL) have earned incremental revenues of around Rs.30,000 crore through e-auction, Mjunction Services, a JV between Tata Steel and SAIL that pioneers in e-auction services, said.
Category: Coal & Mining
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Swapping coal linkages
The government has said it will notify the guidelines for swapping of coal linkages. ´The correction of the grade of coal and the permission to swap coal or exchange coal within plants, within the same company or between the companies based on the guidelines, which we will be shortly notified, will help the nation save at least Rs 20,000 crore in power bills,´ Coal and Power Minister Piyush Goyal Said.
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NTPC to Take a Call on Mining Contract
State-run power producer NTPC will reportedly take a call on the appointment of a mine developercum- operator (MDO)
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New Freight policy fails to woo users
Odisha's efforts to rationalise mineral transportation rates may have ended up leaving some industrial units worse off, with more than one of them forced to shut operations.
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CIL´s e-auction sales at 12% of Q1
Coal India e-auction sales in the first quarter this year once again reached 16 million tonnes (MnT), which is more than the total disposed in the immediate preceding quarter. E-auction volumes were 16 MnT, while realisation from the sales stood at Rs 3,494 crore.
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Coal mine closure, Itarsi fire hits CR revenue
The route relay interlocking (RRI) failure near Itarsi, coupled with the closure of Karnataka-EMTA coal mines, has left the Nagpur division of Central Railway (CR) bleeding. First quarter earnings show the division´s total revenue down by a substantial Rs 21.38 crore.
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Coal prices fall to 12-yr low
Coal futures have fallen to 12-year lows, hit by soaring production and a slowdown in global buying, including from India and China, which have until recently been pillars of strong demand.
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TRAILBLAZERS
A buzzing campus, enthusiastic students, a well-organised event, distinguished and exemplary speakers all made for a day´s worth of good entertainment but also important information and keen insights on infrastructure in India
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Coal production up in 2014-15: Goyal
Coal production increased from 556.4 MnT in 2012-13 to 610.8 MnT during 2014-15, Piyush Goyal, Minister of State (IC) for Power, Coal & New and Renewable Energy, said.
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CIL to seek nod to extend CMD´s tenure
Coal India Limited will seek its shareholders´ nod to extend the tenure of Sutirtha Bhattacharya, 58, as its Chairman and Managing Director till August 31, 2017. Bhattacharya took charge as Coal India-´s full-time CMD on January 5, a post which had been lying vacant for over six months.