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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Global coal demand forecast to rise by 2.6% in 2021 before flattening out to 2025 – IEA

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A global economic recovery in 2021 is expected to drive a short-lived rebound in coal demand following the major drop this year triggered by the Covid-19 crisis, according to a new report from the International Energy Agency (IEA). However, there is little sign that the world’s coal consumption is set to decline substantially in the […]

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Private thermal power companies get Rs 40,000 crore liquidity boost: CRISIL

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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 […]

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