Search Result for : Coal India

PTI Coal India has plans to go for acquisition of coal assets in Indonesia after having failed in its attempt about a decade back. "In Indonesia, we are in touch with government companies there to see whether we can get access to coal licence," Coal India Chairman Suthirtha Bhattacharya said here. Coal India had been scouting for coal assets in several countries including Indonesia but the same had not materialised. India is a key market for Indonesian coal. Data from the commerce ministry shows that during April-June this year, India imported 23.40 million tonnes (mt) of coal. CIL is eyeing acquisition of coal assets in Indonesia, South Africa as well as in Australia, Bhattacharya said. The CIL ...

The Dollar Business Bureau Coal India Ltd. (CIL) has set a target to produce 71.77 million tonnes (MT) of coking coal out of its total production of 1,000 MT by 2019-20.   Coking coal production stood at 53.8 million tonnes in 2015-16, Coal Minister Piyush Goyal said on Thursday. The initiative aims at reducing imports of coking coal.   "The enhancement in domestic production of coking coal is envisaged to reduce coking coal imports. However reduction of coking coal imports totally would not be possible due to the constraint of availability of metallurgical grade coal from domestic sources", he said in a written reply to a question in the Lok Sabha. On Thursday, Goyal chaired a Parliamentary Consultative Committee meeting to review the implementation of mine closure ...

The Dollar Business Bureau   India has seen the lowest ever energy deficit at 2.1% in FY 2016, Power Minister Piyush Goyal informed the Lok Sabha in a written reply on Thursday. He also provided details of power shortage in the country in the previous twenty years as reported by the states and Union Territories. Currently, India is importing power only from one country Bhutan – mainly due to its surplus power that is produced from its hydel power stations with the Indian government’s assistance. The energy totally imported from Bhutan was more than 5 billion units in FY 2016, as per the data released by the Ministry of Power. According to the ministry, there is no shortage of coal as well. All over ...

Source: PTI Oil and Natural Gas Corporation (ONGC) is expected to increase its upstream capital expenditure by 10% next year and intensify its exploration activities, taking advantage of the current depressed global energy market. “We want to intensify our exploration activities,” said Sahshi Shanker, director of technology and field services at ONGC. “We are securing more and more rigs,” Shanker said at the annual Platts Top 250 Global Energy Company Rankings. Rig rates are down by 30-40% on the year and other exploration services rates are down by 40-50%, he said. Industry sources at the gala event said more and more rigs were being laid off while services companies seeking new contracts at discounted rates. According to Shanker, ONGC is increasing ...

Source: PTI India, the world’s third largest producer of coal, imported 212.103 million tonnes (MT) of dry fuel worth over Rs.1 lakh crore in the last fiscal, the highest ever in terms of value and quantity. The coal imports in the financial year 2014-15 were at 212.103 MT, an increase of 27% over the previous year, the provisional coal statistics of 2014-15 released by the Coal Ministry said. Of the 212.103 MT of coal (worth Rs.1,04,524.1 crore), the non-coking coal import was 168.388 MT, while coking coal import was 43.715 MT, it said. The coal import during 2013-14 was at 166.857 MT (Rs.92,329.2 crore) while in 2012-13 it was 145.785 MT (Rs.86,845.5 crore). In 2011-12, the country imported 102.853 MT (Rs.78,837.6 crore) ...

Source: PIB, Government of India Coal production in the country has increased from 556.4 million tonnes in 2012-13 to 610.8 million tonnes during 2014-15, Minister of State (IC) for Power, Coal & New and Renewable Energy, Piyush Goyal informed the Lok Sabha on Thursday. The details of company-wise and State-wise production of coal in the country during last three years and current year are given below:- (In Million Tonnes)   Company  State 2012-13 2013-14 2014-15 2015-16 Actual Actual  Provisional April-June 2015 (Prov)   West Bengal 17.59 18.88 20.61 4.673   Jharkhand 16.32 17.17 19.40 4.442 ECL   33.91 36.05 40.01 9.115   West Bengal 0.07 1.55 1.05 0.655   Jharkhand 31.14 31.07 33.46 8.155 BCCL   31.21 32.61 34.51 8.810   Jharkhand 48.06 50.02 55.65 12.590 CCL   48.06 50.02 55.65 12.590   Uttar Pradesh 16.09 14.72 14.96 3.145   Madhya Pradesh 53.93 53.92 57.53 15.111 NCL   70.02 68.64 72.48 18.256    Madhya Pradesh 6.31 5.55 5.79 1.547   Maharashtra 35.98 34.18 35.36 8.714 WCL   42.29 39.73 41.15 10.261    Madhya Pradesh 15.18 14.12 13.08 3.299   Chattisgarh 103.04 110.14 115.19 27.857 SECL   118.22 124.26 128.28 31.156 MCL Odisha 107.89 110.44 121.38 31.069 NEC Assam     0.60 0.66 0.78 0.070 Total CIL   452.21 462.42 494.24 121.327  SCCL Andhra Pradesh 53.19 50.47 52.54 13.650 Others  - 51.00 52.88 64.06 9.57 Total   556.40 565.77 610.84 144.54 In a written reply to the House, Goyal said that as per Annual Plan document 2015-16 of Ministry of Coal, the annual target for overall coal production for 2015-16 has been fixed at 700 million tonnes. However, an action plan has also been drawn ...

 The Dollar Business Bureau The Government of India has set a record for highest-ever divestment proceeds in a year, with the sale of its share in Coal India Limited (CIL). According to a government release on Friday, an amount of Rs 22557.63 crore was realised through the CIL disinvestment process. This is the largest ever disinvestment among Central Public Sector Enterprises (CPSEs) which involved disinvestment of 5% of the paid-up equity of Government of India. By selling its 10% share in Coal India, the government set a highest disinvestment collection record in the year, which was Rs 23,956 crore in 2012-13. The total offer of 63.16 crore shares made by the government remained oversubscribed with the investors bidding for 67.52 crore shares, across ...