Global coal production expected to rise by 3.5% in 2021: GlobalData

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Global coal output is estimated to have declined by 2% in 2020 due to COVID-19-related lockdowns and restrictions, with significant reductions observed in the US (23.6%), Indonesia (13.1%), Russia (8.1%) and Australia (5.5%). These were only partially offset by increases in China (4%) and India (0.7%).  Additionally, during the last year, there was an estimated […]

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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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Adani Enterprises signs pact with MAHAGENCO for operation of coal mine in Chhattisgarh

Adani Enterprises Ltd along with its wholly-owned subsidiary Gare Palma II Collieries Pvt Ltd (GPIICPL) has entered into an agreement with Maharashtra State Power Generation Co Ltd (MAHAGENCO) for development and operation of Gare Palma Sector II coal mine in the state of Chhattisgarh. The coal ministry had allocated the coal mine in Raigarh district of […]

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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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Pacific Investment Management to pull out of future Adani Ports investment on environmental concerns

Pacific Investment Management Co. (PIMCO), which is seeking to decarbonise its investment portfolio, has stopped participating in the bond offerings of Adani Ports & Special Economic Zone Ltd. because of Adani’s links to a controversial coal project Australia.  Pimco, which is owned by Germany’s Allianz SE, did not participate in Adani Ports’ $500 million bond […]

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