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Decline in coal imports by India's power plants points to distress
Posted on 10th July 2018
The decline in coal imports by India’s power plants points to distress in an increasing number of generators and a domestic supply shortfall.

Imports by power stations fell about 15 percent from a year ago in the first two months of the fiscal year to March caused mainly by a 32 percent drop in overseas purchases by plants designed to use imported coal, according to calculations based on data from Central Electricity Authority, a unit of the power ministry.

Rising coal imports to lead to higher power tariffs, say analysts
Posted on 7th July 2018
Increasing coal import by power plants to compensate for supply shortages by Coal India (CIL) would lead to a rise in electricity tariffs, analysts said.

Absorbing higher imported fuel costs by electricity distribution companies (discoms), instead of raising tariffs, would add to losses of such state-owned entities, a recent note from SBICAP Securities noted.

NTPC, CIL see output rise with June quarter growth
Posted on 3rd July 2018
NEW DELHI: India’s largest power generator NTPC saw output jump 7.5% in the first quarter of the current financial year on the back of manufacturing activity growing at the strongest pace in June.

Coal India matched the demand-driven generation by pushing up fuel supplies to power stations by15.4% during the April-June period, backed by a 15% growth in loading of rakes and a similar pace of production increase.

Posted on 2nd July 2018
State-owned Coal India on Sunday said it produced 44.88 million tonnes (MT) of the dry fuel in June, missing the target by 7.9 MT.

The production target for the PSU for the month of June was 52.79 MT, Coal India Ltd (CIL) said in a filing to BSE.

CIL may offer 30 million tonnes of thermal and coking coal for non-power sector
Posted on 25th June 2018
KOLKATA: Coal India plans to offer a mix of 30 million tonnes of thermal and coking coal at its recently announced fourth tranche of long-term supply contract for the non-power sector.

In the auction, the offer price for the coal would be the notified price for the non-power sector. Notified price for non-power is almost 20% higher than price fixed for the power sector.

Power plants seek extension of temporary coal agreements
Posted on 22nd June 2018
KOLKATA: Coal-fired power plants with total installed capacity of around 9,000 MW are asking for extension of temporary coal supply contracts for at least six years, since they have not been able to start production from the captive blocks allotted to them more than three years ago.

Coal India's output increases to 567 mn tonnes in FY18: Piyush Goyal
Posted on 11th June 2018
State-owned Coal India's output increased by 105 million tonnes (MT) in the last four years to reach 567 MT in 2017-18, Union Minister Piyush Goyal said on Monday.

The remarks come at a time when the country is facing coal shortages.

Coal India Limited refutes Nabha Power allegation of coal shortage
Posted on 9th June 2018
Coal India today refuted Nabha Power Ltd’s claim that it was unable to supply enough coal to a 700 MW plant in Punjab, forcing its recent shutdown. The L&T group company had closed the unit in Rajpura on June 3, saying it was forced to take the decision due to shortage of coal. But a Coal India Ltd (CIL) official blamed the crisis on Nabha Power itself, saying it had delayed the booking and lifting of coal allotted to it for the peak summer and paddy sowing seasons.

Cash crunch keeps 5 lakh CIL pensioners in lurch
Posted on 7th June 2018
KOLKATA: Nearly five lakh retired employees of Coal India Limited (CIL) got a rude shock at the beginning of this month when they found that their pensions had not been remitted to their accounts, owing to what turned out to be a temporary shortage of funds.

“I have not received my pension for May till today,” NC Jha, former chairman of CIL and president of the state-run monopoly producer’s retired executives’ welfare association told ET on Wednesday.

Expect CIL revenue to grow in line with market growth, says Kotak
Posted on 5th June 2018
The analyst meet made us appreciate prospects (1) of CIL outperforming in the key powergen market over the medium term and (2) outsourcing of select engines for India demand boosting bottom-line. Mandates for new export products from parent to CIL are a function of relative scale of Indian demand for such products.

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