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- Power distribution companies bear the brunt of coal crisis
Coal crisis has hit discoms the most as they bought electricity at Rs 14 per unit and sold it at the fixe ...More
Coal crisis has hit discoms the most as they bought electricity at Rs 14 per unit and sold it at the fixed tariff of about Rs 4 in festive season. ...Less
- Fresh coal crisis looms in India as top miner adds new curbs
Coal India Ltd. is restricting deliveries to industrial consumers to prioritize power plants, with fuel s ...More
Coal India Ltd. is restricting deliveries to industrial consumers to prioritize power plants, with fuel stockpiles already below target levels and the country heading into a traditional summer demand peak. ...Less

- India's coal crisis hits textile processing units in Surat
“We will have to bring down our production if the cost escalates in a spiralling manner. To begin with, u ...More
“We will have to bring down our production if the cost escalates in a spiralling manner. To begin with, units will work five days a week, as against six days a week, from next month,” Jitendra P Vakaharia, president, South Gujarat Textile Processing Association, told ET. ...Less

- Cap power prices at energy exchanges: AIPEF
"AIPEF has demanded that a meeting of the Forum of Regulators be held immediately to stop black marketing ...More
"AIPEF has demanded that a meeting of the Forum of Regulators be held immediately to stop black marketing in energy exchanges mostly by private operators during the crisis. AIPEF has also demanded that Expert Committee be constituted to fix responsibility for the Coal Crisis and to evolve ways and means to avoid such crises in future," an AIPEF statement said. ...Less

- Coal crisis, global energy spike risks to inflation: Economists
"Higher global energy prices, including oil, present an upside risk to the inflation trajectory over the ...More
"Higher global energy prices, including oil, present an upside risk to the inflation trajectory over the coming months. Greater pass through to pump prices - in the absence of any reduction in excise duties - electricity and other input costs could lead to a more broad-based increase in inflation," HDFC Bank economist Sakshi Gupta said. ...Less

- Coal crisis unlikely this year: CIL Chairman Pramod Agrawal
Power plants began this year’s August with 30 MT stock at their end. Earlier only once, was the stock hig ...More
Power plants began this year’s August with 30 MT stock at their end. Earlier only once, was the stock higher than this in FY’20 at 45 MTs. But it was in the midst of Covid when coal demand plunged due to lockdown and general slowdown of industrial activity. Apart from the high stocks at plants’ end, around 12 MTs stock is available at private washeries, goods sheds, ports and at CIL’s sidings awaiting shipment. ...Less

- No shortage of anything; reports of coal crisis baseless: FM Sitharaman
Sitharaman said that Power Minister R K Singh went on record just two days ago when he said absolutely ba ...More
Sitharaman said that Power Minister R K Singh went on record just two days ago when he said absolutely baseless information is floating around that there is probably shortage of coal, shortage of other inventories which will lead to a sudden gap in the supply demand situation in the energy consumption. ...Less

- FIMI tells PMO coal crisis still prevails for non-power consumers
A CIL official said the company has supplied 81.22 million tonnes of coal during April-November to non-po ...More
A CIL official said the company has supplied 81.22 million tonnes of coal during April-November to non-power sector against a despatch of 79.69 MTs same period last year clocking a 2% growth, even after meeting the unprecedented demand of power sector. ...Less

- Domestic sponge iron sector might report negative growth due to coal crisis: Industry body SIMA
Sponge Iron Manufacturers Association (SIMA) Executive Director Deependra Kashiva said India is expected ...More
Sponge Iron Manufacturers Association (SIMA) Executive Director Deependra Kashiva said India is expected to report a 60 per cent quarter-on-quarter (q-o-q) fall in its sponge iron output during the July-September 2021 period, amid the ongoing coal crisis. ...Less

- Economy on steady track, coal crisis temporary, says finance secretary TV Somanathan
The government will ensure that lack of funds does not act as a constraint on capital expenditure and bud ...More
The government will ensure that lack of funds does not act as a constraint on capital expenditure and budgeted spending will take place, said Somanathan, who is also expenditure secretary. The sale of Air India, he said, will lower the government's interest liability with the new buyer taking over part of the debt. The government will save about ₹20 crore a day that it has been ploughing into Air India. ...Less

- Closure of some mines, inundation due to monsoon led to coal crisis: Joshi
Coal Minister Joshi said that the closure of some mines & inundation of a few others due to monsoon led t ...More
Coal Minister Joshi said that the closure of some mines & inundation of a few others due to monsoon led to a crisis but assured that the situation is improving, there is no need to panic. ...Less

- 'The shortage of coal at power plants is different from shortage of coal in the country'
In a statement on Sunday, the ministry said coal dispatches were constrained due to a prolonged monsoon, ...More
In a statement on Sunday, the ministry said coal dispatches were constrained due to a prolonged monsoon, panning reports that power stations had an average of four days’ worth of coal at the end of last month, the lowest level in years. ...Less

- Coal crisis to hit 12,500-MW capacity addition: NTPC
NTPC may not be able to add at least 12,500 MW of generation capacity, if the coal supply issues are not ...More
NTPC may not be able to add at least 12,500 MW of generation capacity, if the coal supply issues are not resolved in the next couple of months. ...Less
- Amid mounting dues, Coal India's price hike plan likely to be delayed
The recent coal crisis at power plants in several parts of the country has caused the dry fuel producer t ...More
The recent coal crisis at power plants in several parts of the country has caused the dry fuel producer to relax payment terms and push coal to ensure that there is the least shortage of power to keep the economy on track. Unrestricted supply of the dry fuel amid crisis in power plants has resulted in a further jump in dues that has already reached around Rs 24,000-25,000 crore. ...Less

- Non-pithead plants may need to stock coal for a minimum of 20 days
Power plants located at pitheads will have to stock coal adequate to run for 10 days at 75% capacity in m ...More
Power plants located at pitheads will have to stock coal adequate to run for 10 days at 75% capacity in monsoon months and 12 days in April-June. The stations are required to keep a stock of 13 days for January-March. ...Less

- Coal crisis to end in 3 months, CIL ready with new R&R policy
Optimistic of ending the coal crisis in three months, Coal India Ltd said its new resettlement and rehabi ...More
Optimistic of ending the coal crisis in three months, Coal India Ltd said its new resettlement and rehabilitaion (R&R) policy with focus on community engagement would be approved soon. ...Less
- India electricity shortage in March worst since October coal crisis
The energy hungry nation has seen a surge in power demand in recent days, forcing India to cut coal suppl ...More
The energy hungry nation has seen a surge in power demand in recent days, forcing India to cut coal supplies to the non-power sector and put on hold plans for some fuel auctions for utilities without supply deals due to a slump in inventories. ...Less

- Coal crisis leaves India with few options to avoid power crunch
Power shortages are already emerging, and the gap between available electricity supply and peak demand wi ...More
Power shortages are already emerging, and the gap between available electricity supply and peak demand widened to more than 4 gigawatts on Monday, according to government data from power ministry. ...Less

- Coal crisis: Number of power projects with less than 4-day coal stock dips to 61
Amid the low stock position at the electricity generating plants, state-owned CIL has asked its subsidiar ...More
Amid the low stock position at the electricity generating plants, state-owned CIL has asked its subsidiaries to refrain from conducting any further e-auction of coal, except special forward e-auction for the power sector, till the situation stabilises. ...Less

- Prioritisation of domestic coal to power sector hits Hindustan Zinc to 'some extent': CEO
"In terms of price ... it is for the first time it has been impacted on the cost side. The cost increase ...More
"In terms of price ... it is for the first time it has been impacted on the cost side. The cost increase is also because of availability of coal mix," the CEO said when asked about the impact of coal shortage on the company. ...Less

- India's coal import rises 13% to 107 MT in April-September
Of the total import in September, non-coking coal was at 9.22 MT, against 11.97 MT imported in September ...More
Of the total import in September, non-coking coal was at 9.22 MT, against 11.97 MT imported in September last year. Coking coal import was at 4.27 MT, down from 4.58 MT imported in September 2020. ...Less

- India’s energy crisis has power giant NTPC rushing back to coal
Several states across India are suffering prolonged blackouts as scorching heat waves boost energy demand ...More
Several states across India are suffering prolonged blackouts as scorching heat waves boost energy demand at a time when coal stockpiles are dwindling and nations globally are contending with tight fuel markets. Disruptions to electricity supply are lasting as long as eight hours a day in some areas. ...Less

- India coal crisis brews as power demand surges, record global prices bite
"The supply crunch is expected to persist, with the non-power sector facing the heat as imports remain th ...More
"The supply crunch is expected to persist, with the non-power sector facing the heat as imports remain the only option to meet demand but at rising costs," ratings agency S&P's unit CRISIL said in a report this week, adding it expected Asian coal prices to continue to increase. ...Less

- Stable coal supplies to power units, cooler weather and long weekend ease crisis
States lifted power supply curtailment orders as the situation improved. Bilaspur-based Coal India (CIL) ...More
States lifted power supply curtailment orders as the situation improved. Bilaspur-based Coal India (CIL) unit South Eastern Coalfields will withdraw its directive to suspend supply to non-power utilities. ...Less

- Coal shortage will not cause power plant shutdown: Sriprakash Jaiswal
Coal minister Sriprakash Jaiswal has said no power plant would be closed in the coming days due to coal c ...More
Coal minister Sriprakash Jaiswal has said no power plant would be closed in the coming days due to coal crisis. ...Less
- 10% thermal power capacity vulnerable to outage as coal shortage lingers: Report
About 10 per cent of the 209 gw, to be precise 20 gw capacity of coal-based private power stations remain ...More
About 10 per cent of the 209 gw, to be precise 20 gw capacity of coal-based private power stations remain vulnerable to outage amid surging coal demand. Despite the recent dip in demand (10 per cent over October 16 and 17) due to heavy rains, coal shortage persists as their inventory is only for 5 days, the report said. ...Less

- AIPEF seeks CAG audit of independent power producers
AIPEF has demanded an audit of independent power producers by the CAG after thermal power stations were a ...More
AIPEF has demanded an audit of independent power producers by the CAG after thermal power stations were allowed blending of imported coal during the ongoing dry fuel shortage. AIPEF Chairman Shailendra Dubey has expressed concern on hike of electricity cost due to blending of imported coal. ...Less

- Power plants cry foul, say biased allotment hitting coal supply
Last week, Rattan India Power-operated Amaravati power plant in Maharashtra shut down one of its units du ...More
Last week, Rattan India Power-operated Amaravati power plant in Maharashtra shut down one of its units due to coal shortage resulting from insufficient rake allotment by SECR, the south east central zone of the railways. ...Less

- UP government assures proper supply of electricity amid heatwave
"The world is facing the coal crisis due to challenges posed by the COVID-19 pandemic. However, despite s ...More
"The world is facing the coal crisis due to challenges posed by the COVID-19 pandemic. However, despite such challenges, the Uttar Pradesh government, under the supervision of Chief Minister Yogi Adityanath will ensure 24-hour power supply in district headquarters. Similarly, villages will be provided power for 15-hour," Chaudhary told reporters on Saturday. ...Less

- After Centre' assurance on coal supply, Manish Sisodia accuses it of 'turning blind eye' to every problem
The AAP leader's remarks came after the coal ministry asserted that sufficient dry fuel is available in t ...More
The AAP leader's remarks came after the coal ministry asserted that sufficient dry fuel is available in the country to meet the demand of electricity generating plants and dismissed as "entirely misplaced" any fear of disruption in power supply. ...Less

- Delhi, AP shoot SOS to PM on coal crisis; seek intervention to prevent blackouts
Delhi's Tata Power Delhi Distribution has also sent an SMS to its consumers asking them to use electricit ...More
Delhi's Tata Power Delhi Distribution has also sent an SMS to its consumers asking them to use electricity judiciously during the afternoon peak hours of 2-6 pm as the country’s power plants reel under a massive coal shortage. ...Less

- Steel prices ease over 10%, coal crisis playing havoc on secondary steelmakers
Prices in the long products segment have declined on an average of 10-15 per cent to Rs 57,000 per tonne ...More
Prices in the long products segment have declined on an average of 10-15 per cent to Rs 57,000 per tonne in Kolkata market from a high of Rs 65,000 a tonne. Coal which is a key raw material for the secondary steel producers has turned out to be the major pain point, officials said. ...Less

- Power ministry team visits CIL arm to monitor coal availability
The development assumes significance in the wake of efforts being made to avoid the reoccurrence of power ...More
The development assumes significance in the wake of efforts being made to avoid the reoccurrence of power outages faced by the country at the beginning of the summer season this year due to the shortage of coal supplies. ...Less

- Govt mandates energy accounting of discoms to reduce T&D losses
The notification stipulates quarterly energy accounting by DISCOMs, through a certified energy manager, w ...More
The notification stipulates quarterly energy accounting by DISCOMs, through a certified energy manager, within 60 days. There will also be annual energy audit by an independent accredited energy auditor. Both these reports will be published in the public domain. ...Less

- China's power woes may worsen as demand surges amid coal supply lag
Shortages of domestic coal have driven fuel prices for Chinese power generators higher, causing the unpro ...More
Shortages of domestic coal have driven fuel prices for Chinese power generators higher, causing the unprofitable companies to ration power to industrial users. That has forced some factories in the world's largest economy to suspend production, disrupting global supply chains. ...Less

- Coal Consumers Association writes to govt seeking immediate resumption of supply to non-power sector
“The current predicament is a massive blow to the Non-power sector of the country which has been graduall ...More
“The current predicament is a massive blow to the Non-power sector of the country which has been gradually turning around after suffering for more than a year due to the pandemic outbreak in 2020,” CCAI wrote in a letter dated 23rd of October. ...Less

- Coal stocking norms for power plants to be eased to avert crisis
At present, the regulations are based on the last seven-day average coal consumption. Pithead plants have ...More
At present, the regulations are based on the last seven-day average coal consumption. Pithead plants have to maintain 15 days' stock while for other generators, this can go up to 30 days depending on the distance between the plant and the coal supplying mine. The government is also considering reducing these categories and the number of days for stock requirement. ...Less

- Eight-hour blackouts hit India after hottest March since 1901
A surge in demand for electricity has prompted states like Punjab, Uttar Pradesh and Andhra Pradesh to cu ...More
A surge in demand for electricity has prompted states like Punjab, Uttar Pradesh and Andhra Pradesh to cut off supply. The disruption, as long as eight hours in some places, is forcing customers to either endure the heat or look for costlier back-up options. ...Less

- China’s power crisis will affect industries worldwide
The problem is that coal isn’t getting any cheaper. After a sustained period of deflation prior to 2016, ...More
The problem is that coal isn’t getting any cheaper. After a sustained period of deflation prior to 2016, when a glut of dangerous and unregulated mines was closed down, annualized costs jumped 40% in 2017. They didn’t really fall again until Covid-19 struck, and they’ve since rebounded with a 57% increase from 12 months ago in August. ...Less

- State-run power Gencos not making timely payments to CIL
Total dues to coal companies from states stood at ₹15,000 crore as on October 6, as against ₹16,000 crore ...More
Total dues to coal companies from states stood at ₹15,000 crore as on October 6, as against ₹16,000 crore on September 30. Of this, dues by state power generation companies were at ₹10,500 crore and central undertakings at ₹4,500 crore. ...Less

- NCL posts 26% rise in coal production in April
Out of the 125 million tonnes of coal dispatched to its consumers in the last fiscal, a record 110.6 mill ...More
Out of the 125 million tonnes of coal dispatched to its consumers in the last fiscal, a record 110.6 million tonnes of dry fuel was sent to powerhouses with a 17 per cent yearly growth. ...Less

- SMEs at risk of huge losses if coal crisis confronting primary aluminium industry not addressed: IIVCC
Aluminium is a sector of strategic importance and an essential commodity for diversified sectors crucial ...More
Aluminium is a sector of strategic importance and an essential commodity for diversified sectors crucial to the national economy. ...Less
- Power engineers' body demands probe into coal shortage at thermal plants, imports
The All India Power Engineers Federation (AIPEF) has urged for an impartial investigation into the coal s ...More
The All India Power Engineers Federation (AIPEF) has urged for an impartial investigation into the coal shortages affecting several thermal power plants across the country. In addition, the engineers' federation has advocated for scrutiny into the costs associated with the importation of dry fuel in India. ...Less
- Govt enables imported coal power plants to sell in markets; Adani, Tata plants to ease crisis
With this order Adani Power and Tata Power are expected to begin generation in some units of their import ...More
With this order Adani Power and Tata Power are expected to begin generation in some units of their imported coal-based projects in Gujarat in a day or two as they have imported coal stocks. Most imported coal-based power plants are not operating despite high power scenario in the country since coal prices in international market have touched $150 a tonne. ...Less
- Centre plans to hook up states to idle power plants
The medium-term contract is expected to be for five years while the tenure for the long-term ones has bee ...More
The medium-term contract is expected to be for five years while the tenure for the long-term ones has been reduced to 15 years from 25 years earlier. ...Less
- Captive power plants request govt to normalise coal supply
In the last few months, the supplies meant for CPPs and industries have been either stopped or significan ...More
In the last few months, the supplies meant for CPPs and industries have been either stopped or significantly curtailed for diversion of these to the power sector, which has led to a perilous situation for other coal-based power generators, adversely impacting their industrial operations. ...Less
- High input prices hit India's corrugated box makers
“Paper mills can increase the prices on a daily basis over a phone call, but we don’t have that luxury. W ...More
“Paper mills can increase the prices on a daily basis over a phone call, but we don’t have that luxury. We are dealing with corporate consumers in the pharma, FMCG and e-commerce sectors where any change in prices are not implemented promptly,” said Kirit Modi - President Emeritus of ICCMA. ...Less
- India coal crisis brews as power demand surges, record global prices bite
Over half of India's 135 coal-fired power plants have fuel stocks of less than three days, government dat ...More
Over half of India's 135 coal-fired power plants have fuel stocks of less than three days, government data shows. ...Less
- Govt asks power plants to blend 10% imported coal to step up supply
Secretaries of coal and power ministries at a review told the Prime Minister's Office (PMO) that coal dis ...More
Secretaries of coal and power ministries at a review told the Prime Minister's Office (PMO) that coal dispatches to power plants have exceeded daily consumption. ...Less
- Oil ministry assures gas to power plants supplying to Delhi: Power secretary Alok Kumar
Kumar said NTPC has been directed to increase coal stocks equal to national average for Dadri and Jajjhar ...More
Kumar said NTPC has been directed to increase coal stocks equal to national average for Dadri and Jajjhar stations and ensure full availability.The statement comes amid urgent requests by the Delhi government to Prime Minister Narendra Modi seeking his intervention to ensure fuel supply to power plants to avoid mass blackouts. ...Less
- Country has constraints in availability of domestic coal: Govt
The additional coal secretary stated that "there are constraints in domestic coal availability and the do ...More
The additional coal secretary stated that "there are constraints in domestic coal availability and the domestic coal production is roughly about 800 MT". "Therefore, the rest of the coal demand of the country has to be met through imports from other countries", according to the minutes of the meeting on fuel linkages. ...Less
- India's power crisis to worsen further due to states' laxity on coal imports: Power Ministry
Some states such as Rajasthan and Maharashtra have blamed coal scarcity for the power crisis. A senior Te ...More
Some states such as Rajasthan and Maharashtra have blamed coal scarcity for the power crisis. A senior Telangana official said imported coal prices at a record high level of about $288 a tonne (HBA Index) were out of reach for the state. An official in Karnataka said transportation of imported coal would require more railway rakes, a shortage of which is currently the main reason for lower inventories at power stations. ...Less
- Hindalco a buy for analysts as Q4 net doubles
“We cut our FY23 Ebitda/PAT (operating profit/profit after tax) estimate by 16%/22%, at the consolidated ...More
“We cut our FY23 Ebitda/PAT (operating profit/profit after tax) estimate by 16%/22%, at the consolidated level, driven by a 28% reduction in India Ebitda due to higher coal costs. We expect the coal crisis to dissipate in the next one-to-two quarters,” said Motilal Oswal. ...Less
- Desperate for coal, India's metal makers hunt for fuel overseas
Jindal Steel & Power Ltd., which is running its sponge iron plants at 40% capacity as it doesn’t have eno ...More
Jindal Steel & Power Ltd., which is running its sponge iron plants at 40% capacity as it doesn’t have enough of the fossil fuel, has contracted orders for 150,000 tons of thermal coal each for the months of May and June from South Africa and Mozambique, according to Managing Director V.R. Sharma. ...Less
- Various states resorted to blackmailing during Covid crisis: UP CM Yogi Adityanath
Earlier, Delhi's Deputy Chief Minister Manish Sisodia said that the Central government was allegedly igno ...More
Earlier, Delhi's Deputy Chief Minister Manish Sisodia said that the Central government was allegedly ignoring the coal shortage just as it did the oxygen crisis during the second Covid-19 wave in April-May earlier this year. ...Less
- India may ramp up coal output to reduce dependence on imports: Moody's
Large coal-importing nations like India and China will look to ramp up the output of domestic coal to str ...More
Large coal-importing nations like India and China will look to ramp up the output of domestic coal to strengthen energy security and lessen dependence on the import of fossil fuels, Moody's Investors Service said in a note on Tuesday. ...Less
- Power cuts a threat to India story: Anand Mahindra
Disturbed over power cuts across Mumbai, Mahindra Group Chairman Anand Mahindra today warned that this co ...More
Disturbed over power cuts across Mumbai, Mahindra Group Chairman Anand Mahindra today warned that this could be "a threat to the India story". ...Less
- Nalco registers highest-ever profit of Rs 2,952 crore in FY'22
Despite inflationary pressure on various inputs, coal crisis, and uncertainty in LME (London Metal Exchan ...More
Despite inflationary pressure on various inputs, coal crisis, and uncertainty in LME (London Metal Exchange) prices, the company has been able to maintain the status of being the lowest cost producer of bauxite and alumina in the world ...Less
- Coal crisis: Number of power projects with less than 4-day coal stock dips to 58
The data showed that the number of plants with supercritical stock was 61 this Sunday (October 17). Thus, ...More
The data showed that the number of plants with supercritical stock was 61 this Sunday (October 17). Thus, the coal stock situation is inching towards normalcy. ...Less
- Coal India suspends e-auction as coal crisis deepens, metal makers face a shortage
“Given the above fact, coal companies are advised to refrain from conducting any further e-Auctions of co ...More
“Given the above fact, coal companies are advised to refrain from conducting any further e-Auctions of coal with the exception of Special Forward E-Auction for Power Sector, till the situation stabilizes,” said Coal India in a letter to the coal companies dated 13th of October. ...Less
- Electricity supply at critical level: Tata Power warns Delhi customers as coal crisis hits home
The SMS sent on Saturday stated: "Due to limited coal availability in generation plants across north, pow ...More
The SMS sent on Saturday stated: "Due to limited coal availability in generation plants across north, power supply scenario between 2 pm to 6 pm is at critical level. Kindly use electricity judiciously. Be a responsible citizen. Inconvenience caused is regretted - Tata Power-DDL." ...Less
- India's October power shortage worst since March 2016
Increased economic activity after the second wave of the coronavirus pandemic has driven up demand for co ...More
Increased economic activity after the second wave of the coronavirus pandemic has driven up demand for coal leading to a supply shortage, forcing northern states such as Bihar, Rajasthan and Jharkhand to cut power for up to 14 hours a day. ...Less
- Major challenge as power demand unlikely to decline, says Centre
Power and renewable energy minister RK Singh said the directive mandating imported coal-based plants to k ...More
Power and renewable energy minister RK Singh said the directive mandating imported coal-based plants to keep producing power might be extended beyond October . ...Less
- Brace up for another power crisis in July-August: Report
...More
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- L&T Group's Nabha Power shuts 700 MW unit due to coal shortage
NPL has been facing coal crisis since last year forcing it to operate the plant at critical levels of coa ...More
NPL has been facing coal crisis since last year forcing it to operate the plant at critical levels of coal stocks, that is, less than 7 days. ...Less
- Nalco shuts down two power plants
National Aluminium Company (Nalco) has been forced to look for alternative coal supplies from Central Coa ...More
National Aluminium Company (Nalco) has been forced to look for alternative coal supplies from Central Coalfields Limited (CCL) and Bharat Coking Coal Limited. ...Less
- NALCO records more than 100% capacity utilisation at its Panchpatmali mines
Bauxite transportation too went up to 73.02 lakh tonne, also the highest ever, so far. During 2019-20, th ...More
Bauxite transportation too went up to 73.02 lakh tonne, also the highest ever, so far. During 2019-20, the company’s Alumina Refinery produced highest-ever 21.61 lakh tonne of Alumina Hydrate, setting a new record. The Steam & Power Plant (SPP) of the Alumina Refinery also achieved highest ever net power generation. ...Less
- Down over 45% from recent high! Should you buy this metal stock now?
The brokerage house said aluminium price has sharply corrected from its peak on the back of expected dema ...More
The brokerage house said aluminium price has sharply corrected from its peak on the back of expected demand slowdown globally and pick - up in aluminium output from China has further adversely impacted LME prices. It added that the demand environment across the can segment is expected to remain robust given its counter cyclical nature and sectoral supply constraints. ...Less
- Coal import target to be hiked to 15 per cent for 'erring' power companies
The ministry's warning came even as Rajasthan chief minister Ashok Gehlot alleged on Tuesday that the Cen ...More
The ministry's warning came even as Rajasthan chief minister Ashok Gehlot alleged on Tuesday that the Centre was forcing states to purchase imported coal, which costs three times the fuel produced in the country, for blending. He urged the Centre to remove the requirement of purchasing imported coal. Rajasthan may have to bear a burden of ₹1,736 crore if it purchases imported coal, he said. ...Less
- Who would you blame now, Nehru, states or people: Rahul's dig at PM Modi over power crisis
With large parts of the country facing long power cuts, the opposition Congress had said on Friday the ce ...More
With large parts of the country facing long power cuts, the opposition Congress had said on Friday the central government's misgovernance and mismanagement led to this "artificial" crisis in the scorching summer. The party alleged that the Modi government was not providing logistical support for coal distribution to power plants across the country, leading to the crisis. ...Less
- Power consumption moderates by 72 million unit on Saturday amid coal shortage
The peak power demand met or the highest electricity supply in day touched 172.41GW on October 8. This is ...More
The peak power demand met or the highest electricity supply in day touched 172.41GW on October 8. This is the highest peak power demand met from October 1 to 9. The data also showed that peak power demand met slowed to 170.03GW on Saturday, October 9, indicating that the power demand is moderating with the onset of autumn. ...Less
- Power companies seek three-way fuel pacts with coal companies, Railways
The companies, in a meeting with power and renewable energy minister RK Singh on the low coal stocks at p ...More
The companies, in a meeting with power and renewable energy minister RK Singh on the low coal stocks at power plants, demanded assurance of adequate liquidity for electricity generators by way of timely payments by the state power distribution companies. ...Less
- Tata Steel buys coal from Russia weeks after vowing to cut ties
Tata Steel had said in April all its manufacturing sites in India, the UK and the Netherlands had sourced ...More
Tata Steel had said in April all its manufacturing sites in India, the UK and the Netherlands had sourced alternative supplies of raw materials to end its dependence on Russia, adding it was taking "a conscious decision to stop doing business with Russia." ...Less
- Coal India to divest 25% stake in BCCL; plans subsequent listing
Stating that the company's board had given only "in principle" approval to the proposal, CIL said that on ...More
Stating that the company's board had given only "in principle" approval to the proposal, CIL said that only after getting further clearance from the government, subsequent action would be initiated. ...Less
- No power plant to be closed due to coal shortage: Sriprakash Jaiswal
Amid severe fuel shortage in power plants, Sriprakash Jaiswal has said no power plant would be closed in ...More
Amid severe fuel shortage in power plants, Sriprakash Jaiswal has said no power plant would be closed in the coming days due to coal crisis. ...Less
- Rise in international prices drove coal crisis, less power generation; will be okay in a few days, says Joshi
"The international price of imported coal has increased like anything all of a sudden. Power plants that ...More
"The international price of imported coal has increased like anything all of a sudden. Power plants that used imported coals stopped electricity generation. Because they have stopped production, the entire load is on domestic coal," he said. ...Less
- PPAC hike in Delhi: AAP, BJP indulge in blame game
"Delhi's consumers are being forced to bear the brunt of the central government's coal crisis through a h ...More
"Delhi's consumers are being forced to bear the brunt of the central government's coal crisis through a hike in the power purchasing adjustment charge. Its power generation company NTPC is selling electricity to Delhi at a massive 25-50 per cent hike over DERC (Delhi Electricity Regulatory Commission) stipulated rates," she charged. ...Less
- Here are some stock winners and losers in India’s power crunch
Coinciding with the global spike in energy prices, India’s coal crisis is escalating when high crude oil ...More
Coinciding with the global spike in energy prices, India’s coal crisis is escalating when high crude oil prices are already threatening to stoke inflation in the energy-hungry nation. ...Less
- Nalco has only itself to blame for power shortage
Barely three days after state-run aluminium giant NALCO said it shut down two of its power units owing to ...More
Barely three days after state-run aluminium giant NALCO said it shut down two of its power units owing to acute coal shortage, a top Coal Ministry official on Monday said the PSU's inept handling of coal transportation has resulted in its current plight. ...Less
- RINL achieves record turnover in FY 2021-22, says CMD
Presiding over the 40th annual general meeting of RINL in Visakhapatnam on Wednesday, CMD Atul Bhatt said ...More
Presiding over the 40th annual general meeting of RINL in Visakhapatnam on Wednesday, CMD Atul Bhatt said the company achieved earnings before interest, taxes, depreciation and amortisation (EBITDA) of Rs 3,469 crore, marking a growth of 148 per cent over the previous year. ...Less
- Not a single power plant facing coal shortage now: Piyush Goyal
The government has transformed the country's coal scenario in a short span and not a single thermal power ...More
The government has transformed the country's coal scenario in a short span and not a single thermal power plant is now facing shortage of the fuel, Goyal said. ...Less
- Coal crisis: Number of plants with less than 4-day stock rose to 70 on Sunday from 64 a week ago
According to the latest coal stock data of the 135 plants with over 165 GW of installed generation capaci ...More
According to the latest coal stock data of the 135 plants with over 165 GW of installed generation capacity monitored by the Central Electricity Authority (CEA), as many 70 plants are categorised as supercritical stock or having less than four days of fuel on October 10, 2021, compared to 64 a week ago on October 3, 2021. ...Less
- Nalco resorts to coal import to overcome crisis
The Navratna PSU National Aluminium Company Limited (NALCO) has placed order to import two lakh tonnes of ...More
The Navratna PSU National Aluminium Company Limited (NALCO) has placed order to import two lakh tonnes of coal to tide over the short supply of coal. ...Less
- In big shift, ships to move thermal coal
Coastal shipping of coal is, in fact, being looked at as a viable option by the Centre following the roun ...More
Coastal shipping of coal is, in fact, being looked at as a viable option by the Centre following the rounds of brainstorming that followed the coal crisis that highlighted serious logistical roadblocks among other factors. Recent studies instituted by the Coal ministry now show that coastal shipping may be able to help move up to 130 million metric tonnes per annum (MMTPA) coal by 2030. ...Less
- Expect good aluminium prices to continue for next 3-4 months: Nalco CMD
“Market analysts predicts that aluminium price may touch up to $4,000 and some analysts are predicting th ...More
“Market analysts predicts that aluminium price may touch up to $4,000 and some analysts are predicting that during Q1 of 2022 (January, February, March), the average price will be around $3,000 plus minus 5%. This is a good price for the aluminium industry and everybody knows that price beyond $2,600-2,700 is temporary in the market. ” ...Less
- Government gives gencos time till Friday to begin process for coal imports
According to the latest notification dated June 1, "Those GENCOS/IPPs who either do not place their inden ...More
According to the latest notification dated June 1, "Those GENCOS/IPPs who either do not place their indents with CIL by 3.6.2022 or have not initiated their tender processes for purchase of imported coal for blending purposes, they will be allocated only 70 percent of the quantity of domestic coal...(which) will be further reduced to 60 per cent from 15.6.2022." ...Less
- Power plants imported 47% less coal in April-August
In the first five months of the financial year 2021-22 up to August 2021, the import of all varieties of ...More
In the first five months of the financial year 2021-22 up to August 2021, the import of all varieties of non coking coal reduced to 70.85 MT from 84.44 MT during the corresponding months of the financial year 2019-20 representing a decline of about 16.09%. ...Less
- Over 6 crore LED bulbs to be distributed in a year: Piyush Goyal
The Centre has set a target to distribute over six crore LED bulbs through State-run Energy Efficiency Se ...More
The Centre has set a target to distribute over six crore LED bulbs through State-run Energy Efficiency Services Ltd (EESL) in a span of one year, Power Minister Piyush Goyal said. ...Less
- Hit by short supply, 'black diamond' fails to dazzle coal sector in 2011
For the coal sector, 2011 started with a bang amid rosy announcements to augment 'black diamond' producti ...More
For the coal sector, 2011 started with a bang amid rosy announcements to augment 'black diamond' production, but it ended with a whimper. ...Less
- Power plants report record high coal stocks in August
Coal India said with a coal stock of 31 MT at CIL’s pitheads, around 30 MT stock at power plants includin ...More
Coal India said with a coal stock of 31 MT at CIL’s pitheads, around 30 MT stock at power plants including imported coal, and a little over 10 MT at CIL’s sidings, goods sheds, private washeries, ports and captive plants, “there is sufficient availability of coal in the system.” ...Less
- Consumers compelled to buy coal at high prices to keep plants running: CCAI
The country's industrial sector is going through a serious crisis due to lack of coal supply especially v ...More
The country's industrial sector is going through a serious crisis due to lack of coal supply especially via rail mode since last September. This crisis has further aggravated over the last few months. ...Less