Coal India Ltd (CIL) is hopeful of achieving 5-7 per cent growth in production at around 640-650 million tonnes (MT) in FY21, as compared with 602.14 MT in 2019-20. CIL witnessed close to 12 per cent drop in production and around 22 per cent decline in offtake due to poor demand during the first quarter […]
India’s power distribution companies, several of which are burdened by losses, are likely to turn profitable in two to three years as significant reforms are being rolled out, Power Minister R.K. Singh said on Wednesday. The biggest problem is that many of the regulators that overlook state distribution companies are appointed by state governments, which in […]
According to data available with state-sponsored Petroleum Planning and Analysis Cell (PPAC) India’s domestic natural gas production fell by 12.9 per cent year-on-year (y-o-y) to 13,939 million metric standard cubic metre (mmscm) in the first half of the fiscal. The fall was mainly attributed to operations becoming increasingly unviable for energy production companies with government […]
India’s Minister of Railways and Commerce and Industry Piyush Goyal met the top leadership of the coal and power sectors to ensure consolidation of Indian Railways coal business and suggest ways and means to further improve the joint operational productivity of all stakeholders, the railway ministry said in a statement. Coal accounts for almost 50 per cent […]
The Uttar Pradesh government is working overtime to more than double its power generating capacity from the current 5,474 MW to 12,734 MW. By 2022, it expects the upcoming power stations will add another 7,260 MW. Of this, 1,320 MW power generated will be commissioned by the end of this year, claims a report in […]
Fitch Solutions has revised downward its forecast for fuel demand contraction in India to 11.5 per cent in 2020 in line with further deterioration in the country’s economic outlook. Its economists forecast India’s real GDP to contract by 8.6 per cent in the fiscal year 2020-21 (April 2020 to March 2021), down from -4.5 per cent previously. […]
India’s coal-fired electricity generation rose 9.4 per cent in the first half of September, provisional government data showed, as demand from industrial western states rose for the first time since coronavirus lockdowns were enforced. The country’s overall electricity generation rose 1.6 per cent during the first 15 days of September, a Reuters analysis of daily […]
India’s coal import declined by 34.9 per cent to 12.46 million tonnes in August 2020 on account of subdued demand from consuming sectors like power and cement industries. India imported 19.14 million tonnes of coal in August last year, according to provisional compilation by mjunction, based on monitoring of vessels’ positions and data received from […]
India’s consumption of diesel in August 2020 was 12 per cent lower than the levels recorded in July 2020, indicating a definite slowdown of economy as lockdown curbs in many areas has slowed industrial and commercial consumption. On a year-on-year basis, diesel consumption was down 20.7 per cent to 4.9 million tonnes in August. Diesel […]
The slump in overall power consumption has narrowed to just 0.85% in August 2020 at 110.57 billion units (BU) amid a considerable rise in economic activities, raising hopes that power consumption will surpass normal level in September, reports Financial Express. Power consumption in August last year was at 111.52 BU, as per the data by […]
