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The Economic Times

Coal India arm BCCL books 2.40 MT coking coal for steel sector

The government announced that 2.40 million tonnes of coking coal have been booked out of the 3.36 million tonnes offered by Bharat Coking Coal Ltd under auction mode for the steel sector. This success is attributed to reforms making the auction process more inclusive and transparent, reducing reliance on imported coking coal.

Business Standard

Coal India arm BCCL books 2.40 million tonnes coking coal for steel sector

The government on Thursday said 2.40 million tonnes (MT) of coking coal have been booked of the 3.36 MT offered by Coal India arm Bharat Coking Coal Ltd (BCCL) under auction mode for the steel sector for long-term linkages. Coking coal is a key raw material that is used to manufacture steel through the blast furnace route. "BCCL achieved record-breaking success in the recently concluded long-term linkage e-auction (tranche VII) for the steel sub-sector. Of the 3.36 MT of coking coal offered, 2.40 MT was successfully booked, setting a new benchmark in coal bookings," coal ministry said in a statement. BCCL CMD Samiran Dutta said efforts to make the auction process more inclusive and transparent have paid off significantly. The import of coking coal puts a burden on country's valuable foreign reserve, and to change this, BCCL has undertaken reforms to make its coking coal auction processes more flexible, transparent, and attractive for the country's steel producers, he said. The CIL

The Economic Times

April-July coal import marginally higher, July alone see 16% rise

Coal imports in India increased marginally by 0.9% during April-July, reaching 90.51 million tonnes. Non-coking coal imports rose by 2%, while coking coal imports fell by 2.6%. The power sector saw a significant rise in coal imports due to imported coal-based plants, while the non-regulated sector experienced a decline.

The Economic Times

India's thermal coal imports rise 2% Y/Y in April-July, govt data says

India's thermal coal imports increased by 2% in April-July to enhance power generation, according to the federal coal ministry. Overall coal imports rose by 0.9% to 90.51 million metric tons. Thermal power generation grew by 11.1%, while consumption by imported coal-based plants surged by about 75%. Local coal production increased by 9.6% during this period.

The Economic Times

Coal imports rise to 90.51 mt in Apr-Jul

India's coal imports rose marginally by 0.9% to 90.51 million tonnes in April-July FY25, driven by a need for coking and high-grade thermal coal not available domestically. Despite a rise in coal production, the country continues to rely on imports to support key industries like steel.

Business Standard

Coal imports rise marginally by 0.9% to 90.51 MT in Apr-Jul of FY25

There is a "critical need" for coal imports, and the country has reported a marginal rise of 0.9 per cent to 90.51 mt in the April-July period of FY25, according to an official statement. India, which has the fifth-largest coal reserves in the world, is also its second-largest consumer, driven by a rapidly growing economy, Ministry of Coal said on Wednesday. Coal production during the April-July FY25 period increased 9.56 per cent to 321.40 MT from 293.35 MT in FY24. "However, the current consumption landscape reveals a critical need for imports, particularly for coking coal and high-grade thermal coal, which are not sufficiently available within domestic reserves. This shortfall necessitates imports to support key industries, including steel," it said. According to the ministry, coal imports during April-July period of FY25 reported a marginal increase of 0.9 per cent, reaching 90.51 million tonnes (MT) level compared to 89.68 MT in the previous year. While the non-coking coal ..

The Economic Times

Coal India forms JV for renewable energy business in Rajasthan

Coal India has entered into a joint venture with Rajasthan Rajya Vidyut Utpadan Nigam Ltd to pursue renewable energy projects in Rajasthan. Coal India will hold a 74% stake, while RRVUNL will have 26%. The joint venture will be a private limited company with an initial paid-up share capital of Rs 10,00,000.

CNBC TV18

Coal India, Rajasthan Rajya Vidyut ink JV for thermal and renewable energy projects

Shares of Coal India Ltd ended at ₹500.75, up by ₹9.50, or 1.93% on the BSE.

CNBC TV18

PNB, Firstsource Solutions, Power Grid, NTPC, Reliance Power and more: Top stocks to watch out for on September 24

stocks to watch, Punjab National Bank, Firstsource Solutions, Power Grid, GR Infraprojects, Thangamayil Jewellery, BGR Energy Systems, Coal India, AstraZeneca Pharma, Spandana Sphoorty Financial, NTPC, Reliance Power and more, these are the stocks to watch for today.

The Economic Times

Odisha Coal and Power Ltd looks to sell surplus coal at discount

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 between April and August.

Business Standard

Coal import rises 41% to 25.23 MT in July, demand to be buoyant: mjunction

India's coal import rose by 40.56 per cent to 25.23 million tonne (MT) in July, according to data compiled by B2B e-commerce platform mjunction services. The country's coal import was 17.95 MT in the corresponding month of previous fiscal. Coal import also rose to 100.48 MT in the April-July period of the ongoing fiscal from 89.11 MT a year ago, it said. mjunction MD & CEO Vinaya Varma said the import demand is likely to be buoyant in coming weeks, ahead of the festive season next month. "Imports of non-coking coal showed an uptrend amid softening of prices in the seaborne market. There, however, was a drop in coking coal volumes due to tepid demand from the steel mills," mjunction services said. Of the total imports in July, non-coking coal's share stood at 16.52 MT, against 10.16 MT imported in the same month a year ago. Coking coal import volume was 4.81 MT against 5.03 MT in July last fiscal. During the April-July period, non-coking coal import was higher at 65.64 MT compared

The Economic Times

India's coal import rises 41% to 25.23 MT in July, shows data

India's coal imports surged by 40.56% to 25.23 million tonnes in July, up from 17.95 million tonnes a year earlier, according to mjunction services. The April-July period saw imports rise to 100.48 million tonnes from 89.11 million tonnes last year, driven by increased demand for non-coking coal amid falling prices.

CNBC TV18

Headcount in top PSUs decline in FY24, Coal India clocks the biggest drop

A CNBC-TV18 analysis reveals that 12 PSUs including Coal India, State Bank of India (SBI) and Hindustan Aeronautics have together cut their staff strength by 23,306 in FY24 after a similar magnitude of reduction in FY23.

Mint

Coal India share are up by 2.76%, Nifty up by 1.48%

Coal India Share Price Today on 20-09-2024: On the last trading day, Coal India opened at ₹480.4 and closed at ₹491.25. The stock reached a high of ₹497.9 and a low of ₹480.4, indicating a day of volatility within that range.

Business Line

Markets rally on Fed rate cut; metals lead gains

Metal stocks, including JSW Steel, Coal India, Tata Steel, and Hindalco, led the gains.

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 ...