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Domestic Coal Production Rises 4% in April
OutlookIndia
·
3m ago
Medial
India's domestic coal production increased by 3.6% in April 2025, reaching 81.57 million tonnes compared to 78.71 million tonnes in the previous year. Production from captive and other mines also rose to 14.51 million tonnes from 11.46 million tonnes a year ago. By April 30, coal stock reached 125.76 million tonnes, up from 102.41 million tonnes last year, with Coal India Ltd's stock alone growing by 22.10% to 105 million tonnes.
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CIL's coking coal production drops by 9% in May
Economic Times
·
1m ago
Medial
Coal India Ltd's (CIL) coking coal production decreased by 8.7% to 4.53 million tonnes in May, with another decline to 9.36 million tonnes noted in the April-May period. The government aims to boost domestic coking coal production to 140 million tonnes by 2029-30 under 'Mission Coking Coal,' reducing import dependency. Coking coal is crucial for steel production, and initiatives are underway to enhance domestic coal washing and utilization to improve energy efficiency and decarbonization.
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Coal Import Drop of 9.2 % in Apr-Feb Helps Save Rs 53,138 Crore in Foreign Exchange
OutlookIndia
·
2m ago
Medial
India's coal imports decreased by 9.2% in the April-February period of 2024-25 to 220.3 million tonnes, saving approximately Rs 53,138 crore in foreign exchange. The non-regulated sector experienced a sharper decline, with coal-based power generation increasing slightly by 2.87% while imports for thermal power plant blending dropped by 38.8%. This development underscores India's efforts to boost domestic coal production, reduce import reliance, and achieve self-sufficiency in coal production.
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India recorded higher-ever coal production in FY24 at over 997 MT
Money Control
·
1y ago
Medial
India achieved its highest-ever coal production in FY24 with 997.828 million tonnes, addressing concerns over coal shortage. The domestic production increased by 11.71% compared to the previous fiscal year. Efforts to increase domestic production include the establishment of a Single Window Clearance portal for coal mines, encouraging captive mines to sell up to 50% of production in the open market, liberalization of commercial coal mining terms, and the adoption of better technology by Coal India. Additionally, the Coal Ministry developed an Import Data System to track imports and ensure adequate domestic supply.
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Coal India Shares Heat Up on IPO Buzz for Two Arms
OutlookIndia
·
2m ago
Medial
Coal India shares surged by up to 4% following reports about the company's plans to list two subsidiaries, Bharat Coking Coal and Central Mine Planning & Design Institute. The listing process has begun, with a draft red herring prospectus soon to be filed. Despite the stock's recent gains, it had lost over 11% in the past year. Coal India accounts for over 80% of domestic coal production, with plans to expand critical mineral projects overseas.
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Coal India production soars 10.5% to 685.1 mt during April-February
Thehindubusinessline
·
1y ago
Medial
Coal India, the state-owned miner, reported a 10.5% increase in coal production for the April-February period of the current financial year. The company produced 685.1 million tonnes (mt) of coal, compared to 619.7 mt during the same period last year. In February alone, production rose by 8.72% year-on-year to 74.8 mt. It was noted that there might be a shortfall of around 10 mt against the production target of 780 mt for this fiscal year. Coal India is working on minimizing this output gap.
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Rupee Rises 39 Paise to 84.18 Against US Dollar in Early Trade
OutlookIndia
·
3m ago
Medial
The Indian rupee appreciated by 39 paise to reach 84.18 against the US dollar in early trade. This gain was bolstered by foreign investor interest in Indian assets, a significant decline in crude oil prices, and a positive trend in domestic equities. Brent crude oil prices fell nearly 4% following OPEC+'s decision to increase production, contributing to an easing of India's oil import bill. The rupee's stability was also supported by steady capital inflows and evolving Reserve Bank actions.
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Coal India production drops by 8.5% in June
Economic Times
·
1m ago
Medial
Coal India Ltd (CIL) reported an 8.5% drop in coal production to 57.8 million tonnes in June, compared to 63.1 MT the previous year. The decline is attributed to seasonal factors like the monsoon. Similarly, coal offtake fell by 7.4% to 60.4 MT. Despite this, the government reassured that coal shortages are not expected during the monsoon, aiming for production growth and reduced import dependency. CIL targets 875 MT production by 2025-26.
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India’s steel industry contemplates potential fallout from Trump administration tariffs
Livemint
·
5m ago
Medial
India's steel industry faces challenges and opportunities following the U.S. tariffs on steel imports. While cheaper steel benefits small manufacturers, it threatens domestic steel production and raises environmental concerns. With India’s steel production expected to grow amid rising demand, the reliance on coal-based methods risks increasing greenhouse gas emissions. Efforts to clean production and compete internationally are critical, especially with Europe imposing carbon taxes. Balancing growth and sustainability is crucial for the industry’s future.
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Gevra coal mine gets environmental nod for expansion
Livemint
·
1y ago
Medial
The Gevra mine in Chhattisgarh, operated by SECL, has received environmental clearance to increase its production capacity to 70 million tonnes per annum. This expansion will make it the largest coal mine in Asia, surpassing Indonesia's Sangatta mine. Currently, Gevra is already the largest coal mine in India, with a production capacity of 52.5 million tonnes per year. The expansion aligns with India's goal of becoming self-sufficient in coal production and reducing its reliance on imports for power generation by FY26. SECL aims to increase its coal production to 200 million tonnes this fiscal year.
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India's coal sector records 5.85% growth in FY 2024-25, reaches 411.62 MT despite challenges
Money Control
·
10m ago
Medial
India's coal production has increased by 5.85% in the fiscal year 2024-25, reaching 411.62 million tonnes (MT), as per data from the Ministry of Coal. Despite facing challenges due to adverse climate conditions, the coal sector has demonstrated resilience and dedication in driving the country's energy security. Coal India Limited (CIL), the largest player in the sector, has contributed significantly to this growth with a production of 311 MT, showing a 2.80% increase. Coal dispatches and stocks have also seen improvements, further enhancing India's energy capabilities.
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