Thermal coal earnings to improve on greater consumption in 2021: Moody’s Investor Services

Thermal coal producers’ earnings are expected to improve in 2021 with domestic coal consumption forecast to increase between 5% and 10%, Moody’s Investor Services said. While the expected improvement should aid producers in modest debt reduction, secular demand will persist over the next few years, “straining credit quality for thermal coal producers and intensifying ESG-related […]

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Thermal coal imports at major ports fall 16% to 55 million tonnes in Apr-Dec: IPA

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Disruptions caused by the COVID-19 pandemic continued to impact cargo movement in India with thermal coal imports at 12 major ports declining 16.43 per cent year-on-year to 55.16 million tonnes in April-December 2020 period, according to Indian Ports Association (IPA). Coking coal handling dropped by 12.13 per cent to 36.96 million tonnes during the April-December period of […]

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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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CIL hikes rates from 1 December; additional revenue earmarked for employees’ pension fund

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Public Sector miner Coal India (CIL) will increase prices of thermal coal for both regulated and non-regulated sectors across grades by Rs 10 per tonne effective from December 1, 2020. The company has informed the stock exchanges that the entire additional revenue generated for the price increase will go to the corpus of the Coal Mines Pension […]

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Import of thermal and coking coal at major Indian ports decline by 25% in the first 6 months of FY21

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Disruptions caused by the COVID-19 pandemic continued to impact cargo movement in India, with thermal and coking coal imports at 12 major ports falling by 25 per cent year-on-year to 55.41 million tonnes (MT) during April-September, according to the apex ports’ body IPA. Coal volumes at the 12 major ports declined for the sixth straight […]

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Thermal power plants to operate below 53% capacity in FY21 as power demand dips in India

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The Plant Load Factor (PLF) of thermal power stations across the country is projected to dip below 53 per cent in this fiscal. Muted power demand from industrial units and commercial establishments will shrink capacity utilisation, said a study by CARE Ratings. The Covid-19 induced lockdown, which came into effect from March 25, brought many […]

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