No auction of coal mines in the next 2-3 months
The Dollar Business Bureau Coal Secretary Anil Swarup on Tuesday said the government would not conduct any auction of coal blocks for the next two to three months since there are not many takers of coal mines. "I don't see auction of coal blocks in the near future at least in the next two to three months....We feel that this may be not the right time for going ahead with auctioning of mines because there are not many takers of coal," Swarup said. He said the Coal Ministry is not planning to invite private players, but would make further decisions when demand picks up in the domestic market. Answering a question on the next step of commercial mining, Swarup said problems persist in this segment. “Going ...
Govtasks state gencos to buy coal from CIL
The Dollar Business Bureau The government on Thursday asked the state-owned power generation companies to halt fuel imports and purchase coal from Coal India Ltd. The appeal comes in the backdrop of CIL’s inability to find buyers for the coal produced by the company. Many power companies have preferred to import coal from the overseas markets than buying it from CIL. “We have coal but there aren’t many takers for it. It is in this context that let me request the delegates from the states which are currently importing coal, that they should immediately stop the imports because Coal India will offer coal to them,” Coal Secretary Anil Swarup said, at the inauguration of a two-day conference on power. The government aims to produce ...
Coal imports down 15% in Apr-Dec on higher CIL output
Coal Secretary Anil Swarup had earlier said that imports will continue to decline this fiscal due to unprecedented increase" in output of the fossil fuel by CIL Source: PTI Coal India Ltd which accounts for over 80% of the domestic coal production, is eying one billion tonnes production by 2020 Countrys coal imports fell by 15% to 132.3 million tonnes in the first 9 months of the current fiscal, from 155.4 MT a year ago, because of record production by state-owned CIL, a top official said today. In value terms, the decline was worth around Rs.18,000 crore. Record coal production by Coal India leads to further reduction in imports. Coal imports down by 15% during April-Dec '15 compared to 2014," Coal Secretary Anil Swarup ...
