On a month-on-month basis, SCCL’s production in April was down by 49.3 percent as compared to 5.92 mt reported for March, the data show. During the month, SCCL had achieved 54 percent of the target set at 5.52 mt.
April was the ninth straight month of a negative (yearly) growth in coal production for the Telangana-based miner.
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Indian Railways' coal handling down 7.6% in FY21
Railways during FY21 transported 542 mt of coal, down by 7.6% from 587 mt handled during FY20. Revenue from coal were down by 20% to ₹50,596.25 crore during FY21.
NLC India produces 1mt of coal in 1st year of operation
In its first year of coal mining from its Talabira mines in Odisha, NLC India has been able to cross the target set for the maiden year at 0.937 million tons by actually excavating 1.013 million tons in FY21.
Traffic handled by major ports down 4.6% in FY21
The 12 major Indian ports handled 673 mt of total traffic during FY21, lower by 4.59% from 705 mt recorded for FY20, according to data released by IPA.
“BIG OPPORTUNITIES AHEAD FOR CONSTRUCTION, MINING EQUIPMENT BIZ”
Commercial coal mining will bring capital investments of ₹33,000 crores in the next five years which will boost the size of the mining equipment biz to around ₹21,900 crores by 2025 with highest investment likely in dumpers, followed by crushing, pulverizing and sizing equipment, Sandeep Mathur, Brand Leader, Case India, told Ritwik Sinha of Coal Insights. The company has been attached to a number of government projects like Sagarmala, Bharatmala, Pradhan Mantri gram Sadak Yojna and Trilateral Highway (India-Myanmar-Thailandhighway).
India coal demand to rise by 9% in 2021: IEA
Global supplies may touch 2014 peak
CIL should speed up coking coal, coal gasification projects
With nearly 100 coal mines going for commercial mining, Coal India will face its biggest challenge from the private sector, especially in thermal coal as commercial mining would mostly be for coal meant for power plants.
NTPC records highest ever generation in FY21
“Due to its unique location as well as sound electricity infrastructure, India must lead in energy cooperation and development of market in the South Asia, regional transmission infrastructure development as well as facilitate efficient utilization of the energy resources for the cross-border entities. Nepal is the first country to avail the benefit of buying day ahead power from power exchange through NVVN.” Mohit Bhargava,CEO, NTPC Vidyut Vyapar Nigam Ltd.
Power capacity addition at 1,450 MW in February
Power generation capacity addition in February 2021 stood at 1,450 megawatts (MW), according to data released by the Central Electricity Authority (CEA). The target for the month was 250 MW. In February 2020, 300 MW was added.
Coal India capex doubles at ₹13,115 crore in FY21
Coal India Ltd (CIL) more than doubled its capital expenditure to a record high of ₹13,115 crore in FY21, compared to the previous year.
Can Covid resurge sap the coal story?
The return of the Covid pandemic in a mutated and deadlier form is testing the resilience of the recovery of Indian economy which has just started to gather steam.