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The one number that should be the last thing on FM's mind

Budget 2020 is not being framed in a business-as-usual scenario but at a time of sharply lower growth.

South Eastern Coalfields

Jan 23, 2020, 02.47 PM IST



CIL expects to clear 20.5-MT non-power sector backlog by March

CIL is also hoping to increase fuel stocks at power plants to the prescribed level of 22 days, estimated at 36 million tonnes, by the end of January. At the end of 2019, total coal stock at power plants and mine mouths was 57 million tonnes. Stocks at pit heads stood at 25.3 million tonnes, ahead by 2.1million tonnes than the year-ago period.

CIL claims highest ever production for December

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Coal India capex to be Rs 6,900 crore in Q4

The state-owned miner has budgeted a total investment of Rs 10,000 crore for this financial year,...

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  • The numbers are critical for India as it powers ahead to reach its goal of $5 trillion GDP.

    Till December, the miner is expected to produce close to 390 MT of coal and will require another 270 MT in the last quarter of this fiscal to meet the annual production target. Currently, Coal India produces 1.8 MT per day while the asking rate to achieve the target is 2.9 MT, they said.

    “The company managed to produce nearly 11 million tonnes more coal than in October. Coal off-take for November 2019 grew by almost 17% on a MoM comparison. CIL supplied 47.37 mn tonnes of coal during the month under review compared to 40.5 mn tonnes in Oct 2019 – the increase in absolute terms is 6.87 mn tonnes,” a senior CIL executive said.

    The projects are at various stages of implementation and according to a memorandum of understanding signed between Coal India and the ministry of coal over the state-run company’s fiscal 2020 targets, almost 55% of the total capital outlay would be undertaken by South Eastern Coalfields (SECL) which is working on 23 projects.

    Coal India’s total annual Power requirement for production is around 4.5 billion units which would require setting up 3000 MW of solar power projects. To achieve its goal, the company has formed a joint venture with NLC India (NLCIL) to jointly set up 5000 MW of power generation capacity of which 3000 MW would be solar powered and the rest would be coal-fuelled.

    The Coal India's subsidiary aims to contribute around 26 per cent to the production target of one billion tonne of the coal behemoth by 2025-26. The 136 km East Rail Corridor will play a key role in achieving this target, Coal India officials said.

    Chattisgarh East Railway, a special purpose vehicle floated by SECL will connect Kharsia, Korichapar, Dharamjaygarh and Korba. This will enable coal evacuation from two large coalfields at Mand-Raigarh and Korba.

    According to a Ind-Ra report, the steep decrease in central sector capacity utilisation was majorly due to decrease in capacity utilisation at NTPC on account of coal shortage at its Talcher plant.

    Average international coal price has gone down from USD 75 per tonne to USD 48 in just a few months.

    Coal offtake during April rose 2.6 per cent to 52.35 million tonne as compared with 51.02 million tonne in the year-ago period.

    The ministry cleared 14 of the 23 projects it considered. This is likely to help Coal India meet its targets of producing 750 million tonnes next fiscal requiring achievement of a 14% growth over current year’s 660 million tonnes target, and one billion tonnes target by 2024.

    In a letter written to the ministries earlier this month, APP said the entire upto 100 mm sized coal production by surface miners should be dispatched through direct rail mode from South Eastern Coalfields Ltd's (SECL) own sidings and merry-go-round train (MGR), or conveyor belt.

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