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What a goat! This coal company has lost whopping Rs 2.68 crore after goat's death in Odisha

What a goat! This coal company has lost whopping Rs 2.68 crore after goat's death in Odisha

Wed, Oct 02, 2019

A goat's death has caused a massive loss of Rs 2.68 crore to a coal company in Odisha. The Mahanadi Coalfields Ltd (MCL) said it suffered a loss of Rs 2.68 crore due to agitation over the death of a goat.

Piyush Goyal takes charge, Retains as Railways and Commerce Minister

Piyush Goyal takes charge, Retains as Railways and Commerce Minister

Fri, May 31, 2019

Known for his corporate network developed during his days as an investment banker, BJP's go-to man Piyush Goyal has been given the charge of Railways, Commerce and Industry ministries in Modi's new cabinet. Goyal first made his mark in BJP as a treasurer and held portfolios in coal, power, railways, and finance.

Coal supply to power sector rises marginally to 40.7 MT in April

Coal supply to power sector rises marginally to 40.7 MT in April

Sun, May 19, 2019

Coal despatches by state-owned Coal India Ltd (CIL) to the power sector rose marginally by 1 per cent to 40.7 million tonnes in April 2019 compared to 40.3 million tonnes in the year-ago month, according to official data.

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German government unified on need to implement coal exit: Peter Altmaier

German government unified on need to implement coal exit: Peter Altmaier

Sun, Jan 27, 2019

Germany`s ruling coalition is unified on the need to implement the recommendations of a government-appointed commission for exiting coal by 2038, Economy Minister Peter Altmaier told German broadcaster ARD on Sunday.

Coal shipments at India's 12 major ports up 16% to whopping 121 million tonnes in Apr-Dec

Coal shipments at India's 12 major ports up 16% to whopping 121 million tonnes in Apr-Dec

Sun, Jan 27, 2019

Thermal coal is the mainstay of India's energy programme as 70 per cent of power generation is dependent on the dry fuel, while coking coal is used mainly for steel-making.

Coal India net profit up 4.21% in Q3

Coal India net profit up 4.21% in Q3

Sat, Feb 10, 2018

In a filing to the stock exchanges, it said the employee benefit expenses for the quarter includes an adhoc provision of Rs 67.79 crore towards pay revision of the executive employees.

Govt takes steps to curb illegal mining, theft in coal mines

Govt takes steps to curb illegal mining, theft in coal mines

Wed, Feb 07, 2018

The Coal Ministry has taken various steps including the erection of concrete walls on the mouth of the abandoned mines to prevent access and illegal activities in these areas.

Core sector growth slows to 4% in Dec

Core sector growth slows to 4% in Dec

Wed, Jan 31, 2018

Output growth recorded in December is the lowest since July 2017, when these core sectors had witnessed a 2.9% expansion

Eight core sectors grow 6.8% in November: Commerce Ministry

Eight core sectors grow 6.8% in November: Commerce Ministry

Mon, Jan 01, 2018

The data said the eight core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production (IIP).

China's top two banks won't lend to Adani's Australian coal mine

China's top two banks won't lend to Adani's Australian coal mine

Mon, Dec 04, 2017

China`s two biggest banks said they do not plan to finance a controversial Australian coal mine, in the latest blow to Indian conglomerate Adani Enterprises` long delayed project.

India may use only LEDs for lighting by 2019: Goyal

India may use only LEDs for lighting by 2019: Goyal

Thu, Aug 17, 2017

"India will probably become the first country in the world to use 100 per cent LEDs for its lighting needs by 2019," Goyal, the Minister for Power, Coal, New and Renewable Energy and Mines Goyal said.

Eight core industries in IIP saw a 5% growth in March

Eight core industries in IIP saw a 5% growth in March

Mon, May 01, 2017

The eight core industries comprise nearly 38% of the weight of items included in the IIP.

India to produce additional 20 million tonnes coking coal in 3-4 years: Goyal

India to produce additional 20 million tonnes coking coal in 3-4 years: Goyal

Sat, Feb 18, 2017

"I am given to understand that there are certain grades of coal which, if washed, can be upgraded to coking coal. We are trying to get additional 20 million tonnes (of coking coal) within the next 3-4 years by processing this coal for domestic steel industry," Goyal, who is also Coal Minister, told reporters here.

Vedanta says in talks with Indian government over clean coal

Vedanta says in talks with Indian government over clean coal

Fri, Feb 10, 2017

The companies have an interest in developing affordable clean coal not just because they mine the fuel but because global warming adds to the industry`s many challenges.

SAIL seeks removal of cess on coking coal in Budget

SAIL seeks removal of cess on coking coal in Budget

Sun, Jan 29, 2017

Ahead of the Union Budget, country's largest steel maker SAIL today said it expects the removal of clean energy cess on coking coal and reduction of import duty on metallurgical coal as the steel industry is reeling under high raw material costs pressure.

Not keen on revising coal production target, says Piyush Goyal

Not keen on revising coal production target, says Piyush Goyal

Wed, Jan 04, 2017

Coal and Power Minister Piyush Goyal is not keen on revising the coal production target of 1.5 billion tonnes by 2022 despite a Central Electricity Authority (CEA) draft report saying no new fossil fuel-based power plant is required till the said year.

Coal India allocates 30% less coal under spot e-auction in November

Coal India allocates 30% less coal under spot e-auction in November

Sun, Jan 01, 2017

State-owned CIL allocated 3.1 million tonnes of coal under spot e-auction in November 2016, down 29.5% from the year-ago period. The decline comes amid government's goal of securing availability of coal to meet the demand of various sectors including power.

Coal minister says no value in splitting Coal India

Coal minister says no value in splitting Coal India

Fri, Dec 02, 2016

Power and coal minister Piyush Goyal said there was no value in splitting up India`s biggest coal producer Coal India Ltd .

Renewable energy takes centre stage in ‘One Nation, One Grid, One Price’ goal: Goyal

Renewable energy takes centre stage in ‘One Nation, One Grid, One Price’ goal: Goyal

Thu, Oct 06, 2016

While acknowledging the impossible task of eliminating fossil fuels from India’s energy basket, Piyush Goyal, Minister of state for power, coal, new & renewable energy stated that renewable energy was gaining focus in India's affordable power mission.

India's combined IIP of eight core industries up 3.2% in July

India's combined IIP of eight core industries up 3.2% in July

Wed, Aug 31, 2016

The combined index of industrial production (IIP) of eight core industries for the July month came 3.2% higher as compared to same period last year, cited the Ministry of Commerce and Industry in a release on Wednesday.

Cabinet may approve coal linkage policy for power sector today

Cabinet may approve coal linkage policy for power sector today

Wed, Jul 20, 2016

The approval will lead to assured coal supply for regulated sectors.

Core sector IIP at 2.8%; lowest since January 2016

Core sector IIP at 2.8%; lowest since January 2016

Thu, Jun 30, 2016

The combined Index of Eight Core Industries stood at 183.7 in May, which was 2.8% higher as compared to the index of May 2015.

Vedanta generates Rs 11,000 crore free cash flow, reduces net debt

Vedanta generates Rs 11,000 crore free cash flow, reduces net debt

Wed, Jun 29, 2016

For Cairn India, the enhanced oil recovery project at Mangala oil-field has been very successful.

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