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Union Minister for Coal and Mines Prahlad Joshi in the parliament mentioned that the transition away from coal is not happening in India in the foreseeable future while the government is planning to increase the coal production to 1.5 bn Tonnes by 2029-2030

Govt plans to increase coal production to 1.5 billion tonnes by 2029-30

Union Minister for Coal and Mines Pralhad Joshi in the parliament mentioned that the transition away from coal is not happening in India in the foreseeable future while the government is planning to increase the coal production to 1.5 bn Tonnes by 2029-2030

India has witnessed the highest ever coal production in the year 2022-23. The Ministry of Coal in a press release mentioned that the all India coal production in the year 2022-23 was 893.19 Million Tonne in comparison to 778.21 Million Tonne in the year 2021-22. Further, in the current financial year up to Nov. 2023, the country has produced about 591.40 Million Tonne of coal as compared to about 524.72 MT during the same period of last year with a growth of about 13%.
<h3>Coal Production plans</h3>
The government is now planning to increase the coal production to 1.5 billion Tonnes by 2029-2030 to meet the growing demand. Coal India is looking to enhance the production through extension of existing mines and opening of new mines. So far, the coal ministry through auctions in 7 tranches, 91 coal blocks are successfully auctioned.&nbsp;
Meanwhile, Union Minister of Coal and Mines Pralhad Joshi in the parliament mentioned that, the transition away from coal is not happening in India in the foreseeable future. "Although India is pushing for renewable, non-fossil-based energy, but the share of coal in the energy basket is going to remain significant in the years ahead to ensure affordable energy availability", said Joshi.
He further added that although some mines may be closed down due to exhaustion of reserves, many new coal blocks are being operationalised to meet the growing energy demand. He also added that the World Bank is implementing a technical assistance project to study the closed and about to be closed mines.
"The World Bank is implementing a technical assistance project. This is intended for the study of already closed, abandoned and to be closed mines due to resource exhaustion and geo-spatial mapping of the area," the coal and mines minister informed the Parliament.
Joshi also noted that these mines would create more jobs and improve the livelihood of people.
"These mines are not only ensuring affordability and energy security of the nation, but also providing new additional opportunities for new employment and redeployment of workers in new mines from the to-be-closed mines to ensure better livelihood and also generate indirect employment opportunities in coal regions", Joshi said in the parliament.

Following this revision, CIL is expecting to earn incremental revenue of Rs 2,703 crore for the balance period of the financial year 2023-24

Coal India hikes non-coking coal prices by 8% after 5 years

Following this revision, CIL is expecting to earn incremental revenue of Rs 2,703 crore for the balance period of the financial year 2023-24

Coal India Ltd (CIL) on Tuesday said it has increased prices of non-coking coal by 8%. This will make the high-grade fuel costly.
The prices will come into effect from Wednesday, the miner said in a regulatory filing.
"The Board has approved a price increase of 8% over the existing notified prices for high-grade coal of grade G2 to G10. This will be applicable to all subsidiaries, including NEC, for regulated and non-regulated sectors," CIL said.
The board of directors of the company approved the revision in the prices of non-coking coal with effect from 00:00 hours of May 31, 2023, it said.
This is the first time since 2018 that the country&rsquo;s largest coal miner has revised its coal prices, which will be applicable for all its subsidiaries as well.
Following this revision, CIL is expecting to earn incremental revenue of Rs 2,703 crore for the balance period of the financial year 2023-24.
Thermal coal is a non-coking coal used by power plants to generate electricity. A rise in its prices impacts the power generation cost.
Coal India, under the Ministry of Coal, is the largest coal producer in India.
As per official data, in April 2022, the country's overall coal production was 67.20 MT, of which Coal India along with its subsidiaries produced 57.57 MT of coal.

Coal India, the world's largest miner of the black gold, has suspended supplies to&nbsp;&nbsp;industrial users or rather 'non-power' customers&nbsp;as&nbsp;India's power and coal crisis continues.&nbsp;It is a temporary prioritisation of supplies to power plants till stabilisation in stocks is restored," unnamed CIL&nbsp;officials were quoted as saying. The miner supplies almost three-quarters of it's total sales to the power industry as nearly 70% of India's electricity is powered by coal.&nbsp;Inventories of coal have plummeted at power stations, with states from Uttar Pradesh,&nbsp;Rajasthan and Kerala hit by&nbsp;large load shedding over the weekend.&nbsp;

Power Crisis: Coal India suspends supply to 'non-power' customers

From the fire into the frying pan, Coal India suspends supplies to 'non-power' customers, a move that could hit industry and economic growth. 

Kissa Koyle Ka! Power play in supplies as CIL suspends sales to 'other' clients

Coal India has supplied 1.6 million tons daily of the fuel to electricity producers over the past four days.

Coal India, the world's largest miner of black gold, has suspended supplies to industrial users or rather 'non-power' customers&nbsp;as&nbsp;India's power and coal crisis continues.&nbsp; It is a temporary prioritisation of supplies to power plants till stabilisation in stocks is restored," unnamed CIL&nbsp;officials were quoted as saying. The miner supplies almost three-quarters of its total sales to the power industry as nearly 70% of India's electricity is powered by coal.&nbsp;
Also watch:&nbsp;<a title="Did Amazon India copy products and rig searches?&nbsp;" href="https://www.editorji.com/business-news/did-amazon-india-copy-products-and-rig-searches-1634176770822">Did Amazon India copy products and rig searches?&nbsp;</a> Inventories of coal have plummeted at power stations, with states from Uttar Pradesh,&nbsp;Rajasthan and Kerala hit by&nbsp;large load shedding over the weekend.&nbsp;

Power plants across the country are running out of coal. India's power minister in an interview tells Indian Express it is a&nbsp;&ldquo;touch and go&rdquo; affair and that he is bracing for a trying &ldquo;next five-six months&rdquo; as India faces a power crisis.&nbsp;Here are the numbers that worryAs per data 16 of India's 135 coal-fired power plants had zero coal stocks, according to the Central Electricity Authority (CEA). Over half of the plants had stocks that would last fewer than three days, while over 80% had less than a week's stock left.How did we get here&nbsp;As the country's economic activity picked up with the declining rate of coronavirus infections, industrial demand for electricity mushroomed. Power consumption in August and September exceeded the volumes from the same months in the pre-pandemic year of 2019. But&nbsp;heavy September rain affected coal production and distribution in mining areas. India has the fourth largest reserves of coal in the world.&nbsp;So what is happening to supplyTo meet the rising demand, Coal India, which accounts for over 80 per cent of India's coal, supplied about 243 million tonnes of coal to power companies from April 1 to September 28, according to a report in Reuters. This is 24 per cent higher than the same period last year and 11 per cent more than April-September 2019.Can't we just import more coal?The import option will come at a a great financial cost. Coal from Indonesia, one of India&rsquo;s major suppliers, rose from $60/tonne in March to $200/tonne in September.&nbsp;European coal has risen to a 13-year high, and Australian Newcastle coal has surged by 250 per cent from last September near record high.

Only 3 days of coal left!  Big crisis looms for power plant as they run out of coal

EJ Explains: India's big coal shortage and why you should brace for big power cuts as the Power Minister says the situation is 'touch and go'

EJ Explains| How India's coal crisis could mean 'lights out' for you and the economy

More than half of India's 135 coal plants will run out of fuel as coal shortage escalates as per reports.&nbsp;

Power plants across the country are running out of coal. India's power minister in an interview tells Indian Express it is a&nbsp;&ldquo;touch and go&rdquo; affair and that he is bracing for a trying &ldquo;next five-six months&rdquo; as India faces a power crisis.&nbsp; Here are the numbers that worry As per data 16 of India's 135 coal-fired power plants had zero coal stocks, according to the Central Electricity Authority (CEA). Over half of the plants had stocks that would last fewer than three days, while over 80% had less than a week's stock left. How did we get here&nbsp; As the country's economic activity picked up with the declining rate of coronavirus infections, industrial demand for electricity mushroomed. Power consumption in August and September exceeded the volumes from the same months in the pre-pandemic year of 2019. But&nbsp;heavy September rain affected coal production and distribution in mining areas. India has the fourth largest reserves of coal in the world.&nbsp; So what is happening to supply To meet the rising demand, Coal India, which accounts for over 80 per cent of India's coal, supplied about 243 million tonnes of coal to power companies from April 1 to September 28, according to a report in Reuters. This is 24 per cent higher than the same period last year and 11 per cent more than April-September 2019. Can't we just import more coal? The import option will come at a a great financial cost. Coal from Indonesia, one of India&rsquo;s major suppliers, rose from $60/tonne in March to $200/tonne in September.&nbsp;European coal has risen to a 13-year high, and Australian Newcastle coal has surged by 250 per cent from last September near record high.

India on Tuesday&nbsp;got its first woman underground coal miner with Jharkhand&rsquo;s Akanksha Kumari breaking all the sealing.
In a tweet shared, Central Coalfields Limited - a subsidiary of Coal India - said that Akanksha Kumari became is the second mining engineer in the Maharatna Conglomerate Coal India Limited (CIL) and the first one to work in an underground coal mine.&nbsp;
Born in Hazaribagh&rsquo;s Barkagaon,&nbsp;Kumari&nbsp;joined Central Coalfields Limited (CCL) at its Churi underground mines in the North Karanpura area of Jharkhand.
Akansha, a resident of Barkagaon in Hazaribagh, completed her graduation from&nbsp;BIT Sindri. Belonging to a mining belt, Kumari said the mysteries of mining always fascinated her.
Coal Minister Pralhad Joshi, along with the&nbsp;official Twitter account of the Ministry of Coal congratulated the engineer and wrote: "You are an inspiration to many women."
&nbsp;

India’s 1st woman underground mine engineer: Akanksha Kumari says 'It's a dream come true'

History was made as India got its first woman underground coal mine engineer. A first after the law allowing women in mines was implemented in 2019.&nbsp;

'Always dreamt of this day,' meet India’s 1st woman underground miner

Resident of Barkagaon in Hazaribagh, completed her graduation from&nbsp;BIT Sindri. Belonging to a mining belt,&nbsp;Akanksha&nbsp;Kumari said the mysteries of mining always fascinated her.
&nbsp;

History was made as India got its first woman underground coal miner with Jharkhand&rsquo;s Akanksha Kumari.&nbsp;In a tweet shared, Central Coalfields Limited - a subsidiary of Coal India - said that Akanksha Kumari became is the second mining engineer in the Maharatna Conglomerate Coal India Limited (CIL) and the first one to work in an underground coal mine.&nbsp;
Born in Hazaribagh&rsquo;s Barkagaon,&nbsp;Kumari&nbsp;joined Central Coalfields Limited (CCL) at its Churi underground mines in the North Karanpura area of Jharkhand.
Coal Minister Pralhad Joshi, along with the&nbsp;official Twitter account of the Ministry of Coal congratulated the engineer and wrote: "You are an inspiration to many women."
Women in India were barred from working in underground mines until as recently as 2019, when the government&nbsp;amended&nbsp;the law. Women in India as per data available comprise of less than a quarter of the labour force.

Govt could ask public companies to buy back shares: reports

The government may ask some public companies to buy back shares in order to&nbsp;shore up its finances amid the coronavirus pandemic, according to a Bloomberg&nbsp;report.
Coal India Ltd., NTPC Ltd., NMDC Ltd., MOIL Ltd., KIOCL Ltd, and Engineers India Ltd. are among the eight companies that might be asked to repurchase shares this year, the report said.
The strategy will help the government access part of the more than ₹40,000 crore&nbsp;of cash hoard with the companies as of March 31.

Public companies may have to buy back shares: report
Buy back: Govt plans to shore up finances
Strategy help govt access Rs 40k crore&nbsp;cash

The government may ask some public companies to buy back shares in order to&nbsp;shore up its finances amid the coronavirus pandemic, according to a Bloomberg&nbsp;report.
Coal India Ltd., NTPC Ltd., NMDC Ltd., MOIL Ltd., KIOCL Ltd, and Engineers India Ltd. are among the eight companies that might be asked to repurchase shares this year, the report said.
The strategy will help the government access part of the more than ₹40,000 crore&nbsp;of cash hoard with the companies as of March 31.

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