News Update

P M Prasad, who took over as Chairman and Managing Director of Public Sector coal miner – Coal India Ltd (CIL) -- is not new to the game. Soon after joining on July 1, he had to explain why the financial results were lower than expectations. This was mainly because of the wage revision that had taken place in earlier months...

Secretary in the coal ministry Amrit Lal Meena spoke at length on various initiatives in the sector as well as on its plan to enter newer fields and the ongoing commercial coal blocks auctions...

The overall coal stock position as of now is 88.01 MT, indicating a substantial increase of 24.7 per cent as compared to the stock of 70.61 MT same period last year, a Ministry of Coal release said. The Ministry said the higher coal stock position indicates the commitment to maintaining an ample supply of coal...

The country's maximum power demand touched 240 gigawatt (GW) on Friday due to increased consumption on the back of hot weather conditions an anticipated rise in industrial activity ahead of a festival season and high agricultural demand due to deficient rainfall...

With climate change concerns growing by the day, reducing the energy sector’s dependence on coal-fired power plants is very much in focus. But balancing the energy mix for a just transition calls for carefully calibrated action...

The non-regulated (non-power) sector is now procuring coal at much cheaper rates than last year, as the premium on e-auction of coal for the non-regulated sector is down to 50 percent, compared to 350 percent last year. Facing no shortage of coal for the power or non-power sector, the Coal Ministry removed the provision which gave priority to the power sector in the procurement of coal...

In an effort to reduce road congestion in the coal producing belts in the country, the Coal Ministry is developing coastal shipping as a cost-effective alternative aiming to supply 112 million tonnes (mt) of the key commodity by 2030...

Singh said developed countries have reached their peak of development and so, their emissions will either remain static or come down. However, the building stock of developing countries will multiply...

India will need to invest $12.7 trillion in its energy system, or more than three times its gross domestic product, to reach net zero emissions by mid-century and help the world avert disastrous planetary warming, according to reports...

The Central Electricity Regulatory Commission (CERC) has floated a staff paper on market coupling and sought comments from stakeholders on it by September 30.This development is significant as the Union Ministry of Power, on June 2, asked the CERC to initiate the process of market coupling across the country's power exchanges...

Steel Authority of India Ltd (SAIL) is eyeing long-term coking coal contracts across Australia and Russia, while it plans to ramp up production and supply from its own mines in Mozambique, Africa. SAIL is also in discussions with other coking coal sourcing nations such as the US and Canada for upping supplies...

India’s steel sector has raised concerns over imports from South Korea and China, which are driving down prices and hurting local producers. During the first quarter of this financial year, imports of steel products from China surged, while South Korea remained a major exporter to India despite shipment declines...

The cement sector reported mixed results for the quarter ended June 30, 2023 (Q1 FY24). According to a report by Sharekhan, the cement companies' revenue during the quarter grew 15.8 per cent year-on-year (YoY), with a dip of 6.3 per cent YoY in weighted average EBITDA/tonne...

The cement sector in the country is on a capacity-addition spree, banking mainly on the rise in infrastructure spend through both Greenfield and brownfield expansions. However, with nearly 25 million tonne per annum (MTPA) of stressed assets available, mergers and acquisitions could be the easy way out...