DOMESTIC COAL SUPPLIES

Bangladesh interim government is reviewing power deals made by previous government. One deal involves India's Adani Group. A committee recommends hiring investigators to examine these agreements. The committee believes some agreements might need can...

The structural transformation in the auto sector is much talked about – and given credit by the street. Another sector that has been undergoing a structural transformation – though quietly – is the energy sector. Few have noticed, but the large comp...

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 speci...

Indian coal-based power plants boast significantly higher coal reserves this winter compared to the last, thanks to improved planning and increased production. This surplus ensures ample base load capacity to meet the anticipated winter peak demand....

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 producti...

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 ...

Robust prices and strong domestic demand will boost performance of base metal companies in FY25, as supported by rising international metal prices and Chinese stimulus measures. However, non-integrated aluminium players may face challenges due to ri...

NTPC reported a 14% rise in Q2 net profit to Rs 5,380.25 crore despite a decline in total income. The company approved a Rs 2.50 interim dividend.

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 pressure...

A surge in share supply from IPOs, such as Hyundai's $3.3 billion listing, and institutional sales is pressuring Indian equities amid weak earnings and $7 billion in foreign investor outflows. Despite strong domestic investments, the NSE Nifty 50 In...

Coal India Ltd has introduced online signing of fuel supply agreements for power and non-regulated sectors. This move replaces the physical document submission with an easier digital process. The shift aims to simplify operations and improve efficie...

State-owned Coal India Ltd plans to monetise its four old washeries through leasing and bundling these contracts with long-term coal supply agreements to optimise asset utilisation. The company is also expanding its washing capacity with new project...

State-owned CIL's coal production saw a slight decrease of 1 per cent to 50.9 million tonnes in September compared to the same month last year. However, from April-September, production increased by 2.5 per cent, totaling 341.5 million tonnes. Despi...

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 betw...

Switzerland's KLW Wheelco has delivered 2,000 Ukrainian-made forged wheels to Indian Railways, marking the first shipment since the Russia-Ukraine conflict began. An additional 3,500 wheels are en route. This order is part of a larger deal for 10,00...

The Nifty 50 closed at 25,018, just short of a new all-time high, as the BSE Sensex ended at 81,711. Gains were led by Bajaj Finserv and other major companies. Investors anticipate the Federal Reserve's interest rate cut in September. Nifty Media sa...

The change will apply to the power generators that have signed a fuel supply agreement with an enabling clause. The fillip for the state-owned miner is that the move would boost supplies at a time when coal demand is showing signs of slackening, the...

Union Minister G Kishan Reddy assured that there is no shortage of coal for the power sector, emphasising increased productivity of Coal India and commercial mines to meet long-term demand. He urged plants to switch to domestic fuel. The ministry re...

The government last month approved a ?7,453 crore (~USD 900 million) offshore wind funding scheme, a welcome move to kickstart the industry —but a considerably larger financial support will be required to ensure the sector’s sustainable growth and p...