Adani Enterprises and 10 other companies keen to bid for coal import tenders: CIL

Adani Enterprises and 10 other companies including offshore firms have expressed interest in bidding for coal import tenders floated by Coal India Limited, the public sector minor said. In a statement, the miner said it has held three pre-bid meetings with prospective coal importing agencies evincing interest in pitching in, in the three international competitive […]

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Power shortages likely to persist as thermal capacity lags power demand, says Bank of America Securities report

Power shortages are likely to continue in the short to medium term on rising demand in the peak season and the persisting supply-demand mismatch, according to a Bank of America brokerage report which attributed the recurring annual crisis to the slower thermal capacity addition in the past few years. Thermal capacity addition has lagged power […]

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UP govt not to import coal to boost power output, despite Centre’s direction

The Uttar Pradesh government has decided not to import coal for power generation in the state, despite a Centre’s directive that both state-sector and private gencos must import fuel for 10% blending. The state government has told UP Rajya Vidyut Utpadan Nigam, the umbrella body of state-owned generators, that “after considering all aspects, it has […]

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China says coal output up 10.5% in first four months

China’s raw coal output posted double-digit growth in the first four months of 2022, driven by policies to increase production and supply, official data showed, according to the state-run Xinhua news agency. It quoted the National Energy Administration as saying that the output jumped 10.5 percent year-on-year in the January-April period. In the first quarter, […]

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India’s steel exports likely to remain strong on regional demand: Moody’s

India’s steel exports are expected to remain strong in the coming months as higher prices and regional demand would drive the steel companies to divert part of their output to exports, according to Moody’s Investors Service. In its report ‘Steel Asia Pacific: Higher raw material costs reduce benefit of steel price gains amid Ukraine conflict’, Moody’s Investors […]

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