COAL IMPORT
Include coking coal in the list of critical minerals: NITI Aayog report
NITI Aayog recommends adding coking coal to the critical minerals list. This move aims to boost domestic production and secure coking coal supply for the Indian steel industry. The proposal includes setting up two special purpose vehicles to expedite coal mining and logistics projects. NITI Aayog also suggests amending the Coal Bearing Areas Act for smoother private sector participation.
Apr-Sept coal imports up a tad at 129.5 MT
India's coal imports saw a slight year-on-year increase of 1.4%, reaching 129.5 million tonnes in the first half of the fiscal year. However, the value of these imports decreased, resulting in savings of ?13,629 crore due to cost-effective procurement strategies. The government remains committed to reducing reliance on imported coal by boosting domestic production and improving logistics.
Import of coal by non-regulated sectors, domestic thermal power plants drops in April-September
India's non-regulated sectors, including power plants, significantly reduced coal imports by 9.83% during April-September 2024, signaling a shift towards domestic coal reliance. However, imports of coking coal for steel production and coal for specialized power plants increased. Overall, coal imports rose marginally, but their total value decreased, saving India Rs 13,628.73 crore.
India's coal import rises 8% to 140.60 MT in Apr-Sept
India imported more coal in the first half of this financial year. The import figure reached 140.60 million tonnes. This is a 7.8 percent increase compared to the same period last year. However, September saw a dip in imports. Domestic coal production increased by 6 percent, reaching 453 million tonnes.
Prolonged Chinese imports may hit Indian steel industry's investments, Tata Steel CEO says
Tata Steel's CEO has warned that an influx of cheap Chinese steel imports is threatening the Indian steel industry. The surge in imports, deemed "unfairly priced," could stifle investment in the domestic market. While Indian demand for steel is booming, the influx of Chinese products is keeping prices low. The industry is urging the government to implement protective measures like tariffs to curb the flow of imports.
CIL should prioritise augmenting coal production, supplies to reduce import: Minister
Union Minister G Kishan Reddy urged state-owned Coal India Ltd (CIL) to prioritize increasing coal production and supply to curb imports. He praised CIL's efforts to improve miner welfare and support communities near closed mines. Reddy highlighted the company's role in India's energy landscape while acknowledging the country's commitment to renewable energy and climate action.
Coal India hopes to rejoin dividend list as ECL improves performance
Coal India targets eliminating Rs 2,200 crore in losses at its subsidiary Eastern Coalfields by FY 2025-26 and plans to rejoin the dividend list. Chairman P M Prasad noted production challenges due to monsoon impacts, while emphasizing future growth in underground mining and first-mile connectivity improvements.
CIL has to ramp up production to higher levels, says coal minister as PSU enters 50th year
Coal Minister G Kishan Reddy urged Coal India Ltd to boost its production to avoid costly imports. As CIL marks its 50th year, the minister highlighted the need to ramp up coal production. CIL, which started in 1975, has grown significantly, and is expected to increase output even further in the future.
Old king coal must be market-facing
India aims to reduce its energy import dependency by establishing a coal exchange, enhancing market-oriented coal mining, and improving pricing transparency. The initiative is aligned with economic growth and energy security, despite global pressures to curb coal production.
India's first coal exchange to be set up soon: G. Kishan Reddy
India is set to establish a coal exchange to stabilize fuel prices and enhance its availability, according to the country's Coal Minister G. Kishan Reddy. Speaking at an industry event on Monday, the minister stated, "Last week we took a briefing on setting up coal exchange," but did not specify when the exchange would be launched.
Coking coal import cannot be substituted fully: CIL MD
As per the data compiled by mjunction services ltd, India's coal import in 2023-24 was 268.24 MT, which includes 57.22 MT coking coal and 175.96 MT non-coking coal.
India said to consider imports of Mongolian coking coal via Russia
India is exploring the import of Mongolian coking coal via Russia to reduce reliance on China, following disruptions in Australian supplies. The Mongolian coal is $50 cheaper per metric ton and offers superior quality. Indian consumption of coking coal heavily relies on imports, primarily from Australia, Russia, and the US.
Government receives 44 bids in 10th round of commercial coal mine auction
India's government received 44 bids for 67 coal blocks in its 10th round of commercial mines auction. The coal ministry highlighted strong participation from small and medium-sized players, showing interest across the industry. This auction aligns with the country's goal of energy self-reliance by increasing coal production and reducing import dependence.
India's coal import rises 11 pc in Apr-Aug period
India's coal imports surged by 11.4% to 121.1 million tonnes from April to August 2024, driven by increased non-coking coal imports despite a slight rise of 5.4% in August. Domestic coal availability and declining demand may suppress future imports until energy needs rise during the festive season.
Govt delegation to leave for Mongolia next month to discuss coking coal imports
An Indian delegation, including senior government officials, will visit Mongolia next month to discuss importing coking coal. This move aims to diversify raw material sources and optimize steel production costs. Currently, India relies heavily on Australia for coking coal, but imports from Mongolia could offer cost benefits and improve availability.
April-July coal import marginally higher, July alone see 16% rise
Coal imports in India increased marginally by 0.9% during April-July, reaching 90.51 million tonnes. Non-coking coal imports rose by 2%, while coking coal imports fell by 2.6%. The power sector saw a significant rise in coal imports due to imported coal-based plants, while the non-regulated sector experienced a decline.
India's thermal coal imports rise 2% Y/Y in April-July, govt data says
India's thermal coal imports increased by 2% in April-July to enhance power generation, according to the federal coal ministry. Overall coal imports rose by 0.9% to 90.51 million metric tons. Thermal power generation grew by 11.1%, while consumption by imported coal-based plants surged by about 75%. Local coal production increased by 9.6% during this period.
Coal imports rise to 90.51 mt in Apr-Jul
India's coal imports rose marginally by 0.9% to 90.51 million tonnes in April-July FY25, driven by a need for coking and high-grade thermal coal not available domestically. Despite a rise in coal production, the country continues to rely on imports to support key industries like steel.
Odisha Coal and Power Ltd looks to sell surplus coal at discount
Odisha Coal and Power Ltd (OCPL) plans to auction 3 million tons of surplus coal at a 15% discount on Oct. 4 due to lower demand. This comes as India's domestic coal production increased by 7.12% from last year, reaching 370 million metric tons between April and August.
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