CIL’s coal allocation to power sector under e-auction dropped by 28% in April 2021

State-owned CIL’s coal allocation under special forward e-auction for the power sector dropped by 27.9 per cent to 2.19 million tonnes (MT) last month. Coal India Ltd (CIL) had allocated 3.04 MT of coal in April last year, according to the latest monthly summary by the coal ministry for the Cabinet. However, the coal allocation by the PSU under the scheme had […]

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Coal India to continue with fuel supply to power plants under import substitution in current fiscal

State-owned Coal India Limited (CIL) will continue with the supply of coal to the power plants under import substitution in the ongoing fiscal. The development assumes significance in the wake of the PSU earlier stating its drive for coal import substitution has gained tempo with consumers opting for about 90 million tonnes (MT) of indigenous coal in FY’21. “The […]

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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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Coal India’s capital expenditure during 2020-21 records all-time high at Rs 13,115 crore

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Coal India said its capital expenditure (capex) almost doubled to hit an all-time high of Rs 13,115 crore in the just concluded fiscal year. CIL’s original sanctioned capex budget was Rs 10,000 crore for FY’21. ”Coal India Ltd (CIL) more than doubled its capital expenditure to an unprecedented high of Rs 13,115 crore in FY’21…. […]

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Coal India’s additional supply reduced imports by 90 million tonnes in FY21

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State-owned Coal India Limited (CIL) said it provided additional coal supply in the country during 2020-21, which prompted customers to go for 90 million tonnes of domestic coal instead of importing it from abroad. The public sector undertaking said in a statement that it curbed coal imports to the tune of 90 million tonnes.  Sustaining its growth […]

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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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