Growing participation by NTPC Limited (NTPC, BBB-/Negative) and Coal India Limited (CIL) will intensify the price competition in bidding for renewable energy projects, and could in turn slow the pace of growth for private players in the near term, Fitch Ratings said in a note. NTPC has emerged as one of the winners for the […]
State-owned Coal India is likely to post marginal contraction of its output for the year 2020-21 by 5-6 million tonnes, as its production slated to fall below the 600 million mark. Covid-19 disruptions caused a lower demand forcing the world’s largest coal miner to moderate the output In 2019-20, the miner produced 602 million tonnes down […]
State-owned miner Coal India (CIL) has tied up with 17 power plants to drive import substitution, besides other measures that have helped it to push 71 million tonnes of additional coal to consumers ending February this fiscal, Financial Express reported. India’s coal imports dropped 29.7 per cent to 48.84 million tonnes in April -June this fiscal and […]
State-owned Coal India has signed a pact with the Centre for Railway Information Systems (CRIS), a wing under the railways ministry, for monitoring the movement of rakes laden with fossil fuel and coal despatch activity. The first-of-its-kind data sharing offers Coal India Ltd (CIL) a bouquet of benefits that will help it in rationalising the […]
State-run Coal India Limited’s coal production, on a provisional basis, fell 4.1 per cent to 60.5 million tonnes (million tonnes) in January 2021 from 63.1 million tonnes in January 2020. Coal India’s coal offtake in January 2021 stood at 53.3 million tonnes, down 4.6 per cent from 55.9 million tonnes in January 2020. Coal India […]
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 […]
State-owned Coal India Ltd. (CIL) said the supply of coal to the consuming sectors rose by 9.2 per cent to 154.6 million tonnes in the third quarter of the current financial year. The company had supplied 141.6 million tonnes of dry fuel in the corresponding quarter of the previous financial year, the state-owned company said in a […]
Thermal power plants in the private sector are likely to receive Rs 40,000-crore liquidity boost. Combining government initiatives along with Coal India’s decision to offer longer term credit to them amounts to a hefty Rs 40,000 crore benefit to the players. While the government has decided to liquidate the overdue receivables from state discoms under a […]
The second round of auction of coal mines in India is likely to take place in January next year. The number of blocks to be given for auction has not yet been decided because the ministry is conducting stage -1 trial with the blocks. The government would rationalise the slew of taxes on coal to […]
Coal supply by state-run Coal India Limited (CIL) to the power sector declined by 5.3 per cent to 277.46 million tonnes in the April-November period of the current fiscal. The state-owned company had supplied 292.88 million tonnes of coal to the power sector in the corresponding period of the previous fiscal, according to official data. In November, […]
