Allocation of coal under spot e-auction rises 36% during April-February 2020-21, says CIL

State-owned Coal India Limited (CIL) allocated 37.21 million tonnes of coal during the April-February period of FY20-21 under spot e-auction scheme, registering a year-on-year increase of 36.3 per cent. Coal India Ltd (CIL) had allocated 27.30 MT of coal in the April-February period of FY 2019-20, according to Coal India’s data. In the month of February 2021 alone, […]

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CIL approves 32 mining projects involving incremental investment of over Rs 47,000 crore

The board of directors of state-owned CIL has approved 32 coal-mining projects in the current financial year (till January), indicating an incremental capital of around Rs 47,300 crore. While 24 of the 32 projects are expansion of the existing ones, the remaining are greenfield units, Coal India Ltd (CIL) said in a statement. “Scripting a record high…CIL has approved […]

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Coal India to invest in 26 new projects in partnership with private companies

Coal India plans to invest Rs 1.43 lakh crore in 26 projects in new business areas. The new business areas will include solar wafer manufacturing, a greenfield aluminium project along with brownfield aluminium projects in a joint venture with NALCO, solar generation projects, and thermal power plants. CNBC-TV18 reported that the company has received approvals […]

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CIL’s e-auction to sell all-time high of 120 million tonnes of coal this fiscal

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State-owned Coal India (CIL) may close the current fiscal, booking 120 million tonnes of coal for e-auction, the highest ever since coal sales began through the auction route. This is near double the bookings of 66 million tonnes made for e-auction last fiscal, surpassing the company’s earlier estimates of e-auction booking for the ongoing fiscal. Coal […]

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Coal import prices in India volatile as China bans Australian import: India Ratings (Ind-Ra)

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The indefinite Chinese ban on Australian coal imports will keep import prices for India volatile over the near term, according to India Ratings and Research (Ind-Ra). For the Australia-origin coking coal import (comprising 67 per cent share in FY20) prices have remained subdued up to mid-December, providing respite to the spreads for domestic steel players […]

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