Rise in power demand leads to 17% hike in coal supply in July

The supply of coal to electricity generating plants increased by 17.09 per cent to 58.45 million tonnes in July due to rise in power demand, the government data said. The government in the last few months has taken various measures to ensure adequate availability of coal for power stations. The total coal … Read more

q1 results today: Coal India, Eicher Motors & Hindalco to report Q1 results. What polls suggest

NEW DELHI: A total of four Nifty50 companies, namely , , Tata Consumer and are scheduled to report their quarterly results today. Out of the 41 Nifty50 companies that have reported their quarterly numbers so far, 17 have reported results that beat Street expectations, and 11 fell short of meeting investor expectations. Five companies reported … Read more

Former Coal Town Comes Together in Face of Kentucky Floods

FLEMING-NEON, Ky. (AP) — Barely a week after floodwaters swept downtown and left a foot of mud and twisted, gutted buildings along Main Street, an incongruous sight appeared: A flashing sign declaring JR’s Barber Shop “OPEN.” As National Guard troops patrolled outside and volunteers on backhoes mounded up debris, J.R. Collins stood behind his barber … Read more

Russia becomes India’s third-largest coal supplier in July, shows data

Russia became India’s third-largest coal supplier in July, with imports rising by over a fifth compared with June to a record 2.06 million tonnes, data from Indian consultancy Coal­mint showed. Russia has historically been the sixth-largest supplier of coal to India, behind Indonesia, South Africa, Australia, and the United States, with … Read more

Govt eases coal import targets as inventories improve in some states

India has eased coal import targets for utilities owned by state governments and private companies, according to an internal notice reviewed by Reuters. India’s power ministry has asked PSU utilities and private power producers to assess the amount of coal needed to be imported for blending, according to a … Read more

Monsoon session: Green nod for 10 expansion projects of Coal India

State-owned CIL’s 10 coal mining projects have got green nod so far for their expansion which would lead to additional capacity of 9.65 million tonne, Parliament was informed on Monday. The government had earlier eased the norms for coal mine expansion in the wake of supply crunch in summer months. Replying … Read more

Coal crisis: Steel makers in Chhattisgarh look to enhance supply

Reeling from a severe coal crisis, secondary steel makers in Chhattisgarh are looking to enhance supply from the mines in the state. The mineral-rich state contributes about 20 per cent to the country’s secondary steel output. “The annual requirement of coal for steel industries, including captive power plants in Chhattisgarh, is around 20-22 MT. But … Read more

Former Union Coal Secretary H C Gupta convicted in coal scam case

A Special CBI Court here on Friday convicted former Coal Secretary HC Gupta, former Joint Secretary, KS Kropha, Nagpur based firm Grace Industries Limited and its director Mukesh Gupta after finding irregularities in the allocation of a coal block in Maharashtra. The Court of a special judge Arun Bhardwaj convicted HC Gupta … Read more

Return of Coal as Alternative to Russian Gas Threatens European Firms’ ESG Ratings

European companies turning to coal as an alternative to Russian gas face a hit to their environmental, social and governance ratings, leaving them scrambling to impress investors still vocal on sustainability. Despite an energy crisis following sanctions on Russia, major European investors say they will not relax their investment principles of reaching net zero targets … Read more