Page 4 - Coal India

Coal availability to power plants likely to improve gradually in Oct: ICRA

Domestic rating agency Icra on Wednesday said it expects the availability of coal to power plants to improve gradually during the current month with expected augmentation in both coal production and dispatch levels. "We expect the coal availability to improve gradually during October month with expected ramp-up in both coal production & dispatch levels, also given the seasonality in energy demand moderation expected from November month," Sabyasachi Majumdar, Senior Vice President & Group Head - Corporate Sector Ratings, ICRA said. As a result, thermal plant availability for majority of IPPs/gencos having long-term PPAs (power purchase agreements) is unlikely to remain below 85 pe cent on annual basis and thus, any adverse impact on the credit profile is unlikely, given the two-part nature of long-term PPAs with recovery of fixed charges linked to availability of 85 per cent, Majumdar said. While energy demand grew sharply with at 12.7 per cent Y-o-Y in the first half of FY'22,

Fuel shortages: Joshi on visit to coal-rich states Chhattisgarh, Jharkhand

The minister will on Wednesday review and visit three mines--Gevra, Dipka and Kusmunda in Chhattisgarh -- of Coal India arm South Eastern Coalfields Ltd and will hold meeting with Jharkhand CM

Coal dispatches to power plants being enhanced: Pralhad Joshi

Various power plants are grappling with fuel shortages and efforts are being made to increase fuel supplies.

Govt asks CIL to raise coal supply to power plants during Durga Puja

The development assumes significance in the wake of the country's power plants grappling with coal shortages

Coal India arm provides 76.6% coal to power producers in current month

Coal India Ltd (CIL) accounts for over 80 per cent of the total domestic coal output.

Coal India scales up fuel supply to power plants to 1.51 MT per day

The development assumes significance in the wake of reports that warned of a power crisis looming large due to the coal shortage in the country.

India says it has ample coal stocks for power sector

State-run Coal India Ltd is using its 40 million tonne stocks to replenish utilities, which together have 7.2 million tonnes of inventory, equivalent to four days' requirements, the ministry statement

Coal shortage: Will coal crisis derail India's nascent economic recovery?

Find out why India is facing a cold shortage, what is the reason behind the coal crisis in India and how resultant power crisis may impact India's economic recovery

Out of power

Chronic poor planning has precipitated the coal shortage

Centre to revise coal stock norms to avert future crisis

The power sector's current daily demand is 1.7 mt, of which 1.3 mt is met by CIL

Govt receives over Rs 2,800 cr dividend from CIL, ONGC this fiscal

The government has received over Rs 2,800 crore as dividend from Coal India and ONGC this fiscal year (FY), DIPAM secretary said on Tuesday. "Government of India has respectively received about Rs 1426 cr from Coal India Ltd and Rs 1406 cr from ONGC as dividend in this FY recently," DIPAM Secretary Tuhin Kanta Pandey tweeted. As per the Department of Investment and Public Asset Management (DIPAM) website, so far in the current financial year (April-March), the government has received Rs 4,576 crore as dividend from CPSEs. Besides, Rs 9,110 crore has been mobilised through disinvestment in various Central Public Sector Enterprises (CPSEs) so far this fiscal.

Coal stocks at thermal power plants to increase in next 2-3 days

Coal stocks at thermal power plants will start increasing in another two to three days, according to an official in the coal ministry. The remarks come at a time when the country's power plants are grappling with coal shortage. "The situation has started improving from yesterday. In the next two to three days, coal stocks will stop depleting at the power plants and will start going up," the official said on the condition of anonymity. A Coal India official also said the company is making efforts to ramp up its supply to power sector with 1.5 million tonne per day in another few days from present 1.4 million tonne. Coal India Ltd (CIL) accounts for over 80 per cent of domestic coal output. He further said power plants did not pick up coal from CIL from October last year till February this year. "Power plants used their coal stocks and did not replenish them. They even did not adhere to the CEA guidelines of stocking the coal for 22 days. With rise in power demand, the demand for f

Govt asks CIL to explore prospects in electric vehicles, charging pods

CIL has chosen new business area for diversification where carbon emission is minimum

CIL announces performance reward of Rs 72,500 per non-exec employee

State-owned Coal India on Tuesday announced a performance-linked reward of Rs 72,500 per employee to all its non-executive cadre workforce for financial year 2020-21. The payment of performance-linked reward (PLR) would be made on or before October 11, 2021. "Non-executive cadre employees of Coal India Ltd (CIL), its subsidiaries and Singareni Collieries Company Ltd (SCCL) will get an amount of Rs 72,500 as PLR for financial year 2020-21," the Maharatna firm said in a statement. The decision was taken on Monday in a bipartite meeting of representatives of Central Trade Unions (CTUs), who are members of the standardisation Committee of JBCCI-X and management of CIL and SCCL held at CIL Office in New Delhi, the statement said. "Govt under PM @narendramodi ji is committed to the welfare of #CoalWarriors. In recognition to their nation-building efforts, performance-linked reward has been increased from Rs 68,000 to Rs 72,500 per person, this year. @CoalIndiaHQ @PRO_SCCL," Coal and Min

Energy crisis: India says coal crisis could drag on as long as six months

More than half the nation's plants are on alert for outages after surging electricity demand and a slump in local coal output eroded stockpiles

Ministry asks Coal India to invest in electric vehicles, charging pods

Coal India is the world's largest coal mining company by production and accounts for over 80% of India's output of the fuel.

Coal supply debate heats up ahead of festival season power demand

Since September 1, the number of power plants with less than eight days of coal has increased to 104, from 79

Coal India supply to power sector grows by 12% to 118 MT in Sep qtr

Coal India accounts for over 80 per cent of domestic coal output.

Coal India to ramp up supplies to address utilities' fuel shortage

India's federal power ministry over a month ago flagged a coal shortage driven by rising electricity demand

Coal India soars 12%, re-enters list of top-50 most valued firms by m-cap

With a market-cap of Rs 1.18 trillion, Coal India stood at 42nd position in overall market-cap ranking; the stock has surged 31 per cent in the last three weeks