NTPC top performer in Nifty’s rally from 19k to 20k
NTPC, Coal India, Cipla, L&T and Tata Steel were top performers, while Britannia, Eicher, HUL, HDFC Bank and Nestle were…
NTPC, Coal India, Cipla, L&T and Tata Steel were top performers, while Britannia, Eicher, HUL, HDFC Bank and Nestle were…
Coal India hiking prices of its high grade coal by 8 percent, Consumers will likely have to pay 12 to 18 paisa per unit.
Coal India has pegged supply to the power sector in 2023-24 at 610 million tonnes to meet the demand for coal-fired power plants.
Coal production in India rose to 58.33 million tonnes in August 2022, up by 8.2 per cent from the 53.88 million tonnes recorded in the corresponding period of last year.
CIL presently has over 2500 dumpers operating in opencast coal mines and the fleet consumes about 65 to 75 per cent of the total diesel used by CIL.
Coal India Ltd (CIL) supplied 117.6 million tonnes to power utilities during July- September 2021 quarter, the highest for Q2 of any year.
The company in association with GAIL (India) Limited and BEML Limited has already taken up a pilot project for retrofitting LNG kits in its two 100 tonne dumpers operating at the subsidiary Mahanadi Coalfields Ltd (MCL).
The association said the aluminium industry is highly power-intensive and the current crisis is because Coal India has significantly reduced supplies.
CIL, one of the major suppliers of fossil fuel to the power sector, accounts for over 80 per cent of the domestic coal output. It is eyeing one billion tonnes of output by 2023-24.
Coal India is focusing on ramping up its supplies to pithead based power plants to higher levels. This would influence in cost per unit of power generated coming down.
