Coal India annual production target kept at 630 mn tonnes in FY19: Centre
CIL has identified mines with a production capacity of 908 million tonnes so far05-01-2018
05-01-2018
CIL might suffer setback in Q4 e-auctions due to muted power sector demand
After a 76 per cent increase over the average notified price in the e-auctions during October-December last year, Coal India might see auction prices falling as demand from the power sector is expected to remain muted in the fourth quarter (Q4) of the current fiscal year.Analysts are of the view that power demand usually declines in the winters and with Coal India stepping up its sales, the country's power generators would be returning to near-normalcy latest by mid-February."In turn, this is going to affect demand from the power sector in the e-auctions", an analyst from Motilal Oswal said.In November 2017, despatches to the power sector rose by 9.1 per cent to touch 40.9 million tonne (mt) against the despatch of 37.6 mt in the year-ago period. Backed by robust demand from this sector, special forward e-auction prices rose by 35 per cent over the notified prices of the coal grades in November while for the Q1-3 period, the increase over notified price stood at 25 per cent.As per...04-01-2018
Coal India e-auction fetches 76% premium in Q3 FY18
The miner allotted 28.6 million tonne of the fossil fuel in the Q3 period of the current fiscal03-01-2018
Updates
Provisional Production and Offtake Performance of CIL and Subsidiary Companies for the month of Dec'17 and for April'2017-Dec'201701-01-2018
Coal India may miss output target
Analysts said at its best, Coal India would during December-March be able to mine 240 mt of coal, which would take the total production to around 570 mt, 5 per cent short of the target31-12-2017
Coal India set to benefit from new fee and volume uptick
During April-November 2017, Coal India's production increased 1.8% year-on-year, whereas offtake (despatches/sales volume) improved at a faster pace of 8.1%27-12-2017
Coal India ups production; stocks in power plants to ease by January
Availability of coal stocks with the country's thermal power plants is expected to normalise to a large extent by mid-January as state owned Coal India Ltd (CIL) has been able to step up production and debottleneck its supply network to a large extent after freeing up the railway rakes.Senior company officials told Business Standard that while previously the company's average daily production stood at 1.4 million tonne (mt) a day, they were able to scale it up to 1.8 mt a day and in the next few days, daily production would touch 2 mt a day."However, the target is to despatch over 2 mt coal a day so that we are able to sell over 600 mt of coal annually", a senior CIL official told this newspaper.As per the official, CIL's average rake loading has been hovering around 247-250 rakes a day which ensured that CIL is able to despatch bulk quantity of coal to power plants which are outside the pithead area.The coal stock situation in the country's thermal generators has started showing...23-12-2017
Coal India board nod for fuel supply
The Coal India (CIL) Board has cleared the decks for signing of Fuel Supply Agreement (FSA) for supply of coal. A company statement said, the auction of coal linkages to Independent Power Producers...20-12-2017