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Business Standard

10th oil, gas bidding round may offer 'no-go' areas: Oil ministry official

India is likely to offer areas classified as 'no-go' areas in the tenth round of bidding for exploring and producing oil and gas in early 2025, a top oil ministry official said on Thursday. Bids for 28 oil and gas blocks offered in the ninth Open Acreage Licensing Policy (OALP) round closes on September 21 and the 10th round is in works, the official, speaking on condition of anonymity, told reporters here. OALP-X round will happen after the Parliament approves in the ensuing winter session amendments to the Oilfields (Regulation and Development) Act (ORDA) of 1948 to expand definition of mineral oils to include any naturally occurring hydrocarbon, coal-bed methane and shale gas/oil. The amendment also replaces mining lease with petroleum lease and decriminalises certain offences. "We hope that the amendments will be approved in the winter session of Parliament (likely in November/December). The changes are expected to bring confidence for the potential bidders for OALP X exploratio

The Economic Times

Stock market update: Stocks that hit 52-week lows on NSE in today's trade

BPCL, Coal India Ltd, ONGC, Adani Ports SEZ and Shriram Finance were among the top losers on NSE in today's trade.

Mint

Top Gainers and Losers today on 19 September, 2024: NTPC, Kotak Mahindra Bank, Bharat Petroleum Corporation, Coal India among most active stocks; Check full list here

Top Gainers and Losers Today : The Sensex gained 236.57 points, or 0.29, to settle at 82948.23, while the Nifty gained 38.25 points, or 0.15, to close at 25377.55.

The Economic Times

Stock market update: Stocks that hit 52-week lows on NSE

BPCL, ONGC, Hindalco, Coal India Ltd and Adani Ports SEZ were among the top losers on NSE.

The Economic Times

Coal India Share Price Today Live Updates: Coal India Closes at Rs 487.10, Achieving 3-Month Returns of 1.91%

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Mint

Coal India inks pact with dept of pharma to open 12 Jan Aushadhi stores

A Jan Aushadhi Kendra is a dedicated outlet that sells generic medicines at affordable rates. Generic medicines are 50-90% cheaper than branded drugs. The stores will be set up at 12 locations of Coal India operations across West Bengal, Jharkhand, Chhattisgarh, Maharashtra, MP, Odisha and Assam.

CNBC TV18

Coal India eyeing Argentina, Chile for critical minerals, says official

India, among the world's top greenhouse gas emitters, has been pursuing overseas pacts to secure key minerals in resource-rich countries such as Australia, Argentina and Chile.

The Economic Times

Coal India eyeing Argentina, Chile for critical minerals, says official

Coal India is exploring critical minerals in Argentina and is in discussions with Chile for lithium, according to India's federal mines secretary. The move aims to secure supplies of lithium, essential for electric vehicle batteries. India has listed 30 minerals as critical for clean energy adoption and is pursuing overseas pacts to secure these resources.

Mint

Coal India share are up by 0.36%, Nifty up by 0.22%

Coal India Share Price Today on 18-09-2024: On the last trading day, Coal India opened at ₹490 and closed at ₹490.2. The stock reached a high of ₹493.45 and a low of ₹488.65 during the day.

The Economic Times

Stock market update: Stocks that hit 52-week lows on NSE in today's trade

Tata Motors, Eicher Motors, Adani Ports SEZ, Coal India Ltd and Tata Steel were among the top losers on NSE in today's trade.

Business Standard

EoI floated for Rs 13,000 cr coal gasification project by CIL-Gail JV

An Expression of Interest (EoI) for shortlisting licensors of coal gasification technology for a proposed coal-based synthetic natural gas (SNG) plant in West Bengal was floated by the GAIL and Coal India Limited (CIL) joint venture responsible for promoting the project, an official said on Monday. The project, valued at an estimated amount of Rs 13,052 crore, considering a debt-equity ratio of 70:30, was approved by the Cabinet, and coal for the plant will be supplied by CIL's subsidiary, Eastern Coalfields Ltd. Coal India will hold a 51 per cent stake in the JV, while GAIL will have a 49 per cent share. "The EoI, floated by Projects & Development India Limited (PDIL) on behalf of the JV, seeks responses from internationally reputed technology licensors with the requisite coal gasification technology, willing to provide it for the commercial production of SNG," the official told PTI. The document mentions, "The proposed JV of GAIL & CIL intends to set up an 80,000 NM3/hr ...

The Economic Times

EoI floated for coal gasification tech for Rs 13,000cr project by CIL-GAIL JV

GAIL and Coal India Limited have floated an Expression of Interest for shortlisting licensors of coal gasification technology for a proposed synthetic natural gas plant in West Bengal. The project, valued at Rs 13,052 crore, aims to use coal from Eastern Coalfields Ltd. The last date for EoI submission is October 15.

Mint

Coal India share are down by -0.08%, Nifty up by 0.2%

Coal India Share Price Today : On the last trading day, Coal India opened at ₹492.45 and closed at ₹489.75. The stock reached a high of ₹494 and a low of ₹487.50 during the day.

The Economic Times

India's coal production surges by 5.85 pc, reaches 411.62 MT so far in FY 2024-25

As per the ministry data on Friday, the production reached a provisional total of 411.62 million tonnes (MT) by September 12, 2024. This marks an impressive rise from the 388.86 MT produced during the same period last year, reflecting a growth rate of 5.85 per cent.

Business Standard

India's coal output grows significantly, up 5.85% at 411.6 MT in FY25

The country's coal output grew 5.85 per cent to 411.62 million tonnes (MT) in the current fiscal year (up to September 12), over the year-ago period. This country's coal production was 388.86 MT during the same period last year. "This marks a significant increase... reflecting a commendable growth rate of 5.85 per cent, despite adverse climatic conditions that challenged mining operations," the coal ministry said in a statement. The figures are provisional. The production by state-owned Coal India Ltd rose to 311 MT during the same period, marking a growth of 2.80 per cent compared to 302.53 MT in the corresponding period of the previous year. This growth is even more notable given the interruptions in mining activities in CIL subsidiaries due to heavy rains, it said. Coal dispatch has also experienced a substantial uplift, reaching 442.24 MT during 2024-25 (up to September 12), compared to 421.29 MT in the same period last year, it said, adding that this reflects a robust growth

The Economic Times

Stock market update: Stocks that hit 52-week lows on NSE in today's trade

SBI Life, Adani Ports SEZ, HDFC Life, Coal India Ltd and ITC were among the top losers on NSE in today's trade.

Mint

Coal India share are down by -0.56%, Nifty down by -0.1%

Coal India Share Price Today : On the last trading day, Coal India opened at ₹496.6 and closed at ₹492.85. The stock reached a high of ₹497.8 and a low of ₹492.1 during the session.

Business Standard

Govt asks coal block holders to start production in auctioned mines

The Centre on Thursday said that it has asked the coal block allottees to take necessary steps to put to production mines that were auctioned recently. The coal ministry on Wednesday reviewed the status of coal mines that were auctioned and are in different stages of process completion. "The 71 coal blocks are in various stages of obtaining regulatory clearances. These blocks are distributed across nine states Arunachal Pradesh, Assam, Chhattisgarh, Jharkhand, Madhya Pradesh, Maharashtra, Odisha, and West Bengal," the Coal Ministry said in a statement. The meeting was chaired by Coal Additional Secretary Rupinder Brar. The comprehensive review focused on highlighting the government's commitment to ramp up domestic coal production. "This strategic review underscores the Ministry's proactive approach to addressing hurdles in coal blocks operationalisation in order to meet India's growing energy needs," the statement said. By focusing on these mines, the government aims to maximise

Mint

Lured by discounts, Indian steelmakers lap up Russian coking coal

According to the BigMint data, India's imports of Russian coking coal rose to 5.2 million tonnes during January to August 2024, from 3.4 million tonnes in the corresponding period last year.

Mint

Coal India share are up by 0.16%, Nifty up by 0.39%

Coal India Share Price Today : On the last trading day, Coal India opened at ₹485.75 and closed slightly lower at ₹484.60. The stock reached a high of ₹489.60 and a low of ₹484.10 during the day, indicating some volatility within a narrow range.

Mint

Stocks To Buy: Sun, Coal India, ITC, HUL among 10 inclusions to Buy list by Jefferies for September

Stocks to Buy: Coal India, ITC , HUL , Sun Pharma, Cholamandalam Finance ICICI Lombard General Insurance Company , Siemens , Jubilant FoodWorks, Zydus Lifescience and Indigo (InterGlobe Aviation) 10 inclusions by Jefferies to its Buy list of 28 Stocks s for September

Mint

Coal India share are up by 0.03%, Nifty up by 0.1%

Coal India Share Price Today : On the last trading day, Coal India opened at ₹493.75 and closed at ₹490.70. The stock reached a high of ₹493.75 and a low of ₹487.25 during the day.

The Economic Times

Coal production from April to August up 6.4% to 384.07 MT

India's coal production from April to August grew by 6.4% to 384.07 million tonnes compared to the same period last year. However, August saw a slight decrease in production due to above-normal precipitation. Coal supply also increased by 5.2% during the same period, with a minor drop in August.

The Economic Times

Coal India to spend $8 billion on coal-fired plants near mines

Coal India Ltd. plans to invest about 670 billion rupees to build coal-fired power plants near its mines, primarily in Odisha. The state-owned miner has approval for 4.7 gigawatts of generation over the next six to seven years, with an additional 2 gigawatts under discussion.

Business Standard

Raipur BJP MP seeks govt intervention for rollback of hike in cement prices

Raipur BJP MP Brijmohan Agrawal has raised objection over the "steep" hike in cement prices by its manufacturers and demanded intervention of the Chhattisgarh government and the Centre for a rollback of the increased cost. Agrawal said the sudden increase in the cement prices by Rs 50 per sack would affect infrastructure projects, including roads, buildings, bridges, schools, colleges and the Pradhan Mantri Awas Yojana. In separate letters to Chief Minister Vishnu Deo Sai, Union Finance Minister Nirmala Sitharaman and the Competition Commission of India on September 6, Agrawal said despite Chhattisgarh being a state rich in minerals, iron, coal and energy resources, the cement manufacturers, by forming a cartel, tremendously increased the prices from September 3. The attitude of cement companies has become that of "looting" the innocent people of Chhattisgarh, he said, adding the government needs to take strict action against cement manufacturers. Mines, coal, energy, cheap ...

Business Standard

GTRI flags concern against India of becoming 'EV colony' for China

The government should allow the domestic electric vehicle sector to grow naturally without relying on incentives as it would avoid India becoming an 'EV colony' for China, think tank GTRI said on Friday. India faces unique challenges not faced by other countries in adopting EVs (electric vehicles) at large scale, it added. These challenges include 80 per cent of electricity generated from fossil fuels like coal, frequent power cuts, and dependency on imports for making EVs in the country like batteries and critical minerals, the Global Trade Research Initiative (GTRI) said. "Considering these challenges, instead of rushing into the fray with heavy incentives or falling into dependence on Chinese imports, India has the opportunity to let its EV sector evolve naturally. By allowing market forces to steer the sector's growth, India can avoid becoming an 'EV colony' for China and carve out its own path in the global EV landscape," it added. It also said the global EV market is undergoi

The Economic Times

NLC India aims to start mining of Machhakata coal block in Odisha ahead of schedule

NLC India Ltd plans to start mining the Machhakata coal block in Odisha ahead of schedule. With reserves of 1.4 billion tonnes and a capacity of 30 MTPA, it is set to be one of India's largest mines. This aligns with NLCIL's goal to exceed 100 MTPA by 2030.

Business Standard

Israel's Tower Semiconductor, Adani plan $10 bn chip project in India

Semiconductor manufacturing marks the latest foray for billionaire Gautam Adani, whose conglomerate has businesses across ports, power utilities, transmission and coal trading

Business Standard

NLC India aims to start early mining of Odisha's Machhakata coal block

State-owned NLC India Ltd is aiming to start the mining of Machhakata coal block in Odisha ahead of schedule. Machhakata coal block is the second commercial coal block and the biggest among the NLCIL's mining projects. NLC India Ltd (NLCIL) had emerged as the successful bidder for Machhakata (Revised) coal block in Angul district of Odisha under the commercial coal block e-auction held in July. The Machhakata coal block, having reserves of 1.4 billion tonnes (BT), with average Grade of G10-G11, and capacity of 30 MTPA, is expected to be one among the top five biggest mines in the country, NLCIL said in a statement. "NLCIL aims to commence the mining ahead of schedule. This marks another milestone towards realising NLCIL's Corporate Plan 2030," the statement added. Machhakata Coal Block's vesting order was issued on Thursday. The company had earlier said that it is committed to its capacity addition in line with its vision of achieving more than 100 million tonnes per annum (MTPA)

The Economic Times

India power emissions must peak by 2026 to meet Paris pact

India's power industry emissions must peak by 2026 to achieve net zero by mid-century, according to BloombergNEF. However, the government's push for coal usage makes this target unlikely. India needs $12.4 trillion in investment for clean energy, electric vehicles, and new technologies like carbon capture and green hydrogen.

The Economic Times

SBI, DLF among 5 stocks with significant short buildup

In Friday's trading session, five stocks including SBI and DLF experienced significant short buildup. This indicates traders are expecting a decline in prices as open interest and trading volumes rose while stock prices fell. Other stocks affected include Indus Towers, Canara Bank, and Coal India.

Business Standard

Renewables expansion threatened by poor weather data: Industry leaders

As it strives to reduce the carbon intensity of its economy, India will need to increase the share of renewables in its coal-heavy energy basket, but it is already facing constraints

CNBC TV18

Sensex Today | Stock Market LIVE Updates: Nifty 50 below 24,950, SBI, Coal India, NTPC top losers

Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex opened today's trade session lower. Nifty 50 opened at 25,093.70, while Sensex opened at 82,171.08.

The Economic Times

Govt issues allocation orders for three coal mines; expect to generate employment to nearly 40,560 people

The Ministry of Coal has issued Allocation Orders for three coal mines to NLC India Limited, Gujarat Mineral Development Corporation Limited, and TANGEDCO. These mines have a cumulative Peak Rated Capacity of 30 MTPA and are expected to generate annual revenue of Rs. 2,991.20 crores and provide employment to approximately 40,560 people.

Mint

Coal India share price slumps 3% after Nuvama slashes target price; recommends 'sell on rise' strategy for the PSU stock

Coal India share price declined by more than 3% following Nuvama's reduced target price to ₹542. The brokerage highlighted a 12% YoY sales volume drop and risks from fluctuating coal prices and potential government stake sales.

Business Line

Coal India’s August production falls 11.9% due to heavy rainfall

Coal India’s production target for FY25 is estimated at 838 mt

Business Standard

Adani Green approves pacts for TotalEnergies' $444 mn investment in JV

This comes after the company and the French oil major had inked a $300 million deal to build renewable capacity in India, where the bulk of energy requirements are still met by coal

The Economic Times

India's coal production rises 6% in April-August

India's coal production saw a 6.48 per cent rise to 384.08 million tonnes in the first five months of the fiscal compared to 360.71 MT in the same period last year, according to provisional figures. Coal India Limited (CIL) output grew 3.17 per cent, while captive and other entities also showed significant increases.

The Economic Times

CIL's coal production drops 12 pc in August

Coal India Ltd (CIL) reported an 11.9% decline in coal production in August, producing 46.1 million tonnes compared to 52.3 million tonnes in August last year. Despite this, production from April to August increased to 290.4 million tonnes from 281.5 million tonnes in the previous year. CIL's annual production rose 10% but missed its target for the fiscal year.

CNBC TV18

Coal India still at one-third of FY25 production target as output drops in August

Coal India has set a production target of 838 MT for financial year 2025. However, the current output figure is just 34% of the full-year target.