Ahead of the announcement of assembly elections, Jharkhand CM Hemant Soren wrote an open letter to PM Modi and posted it on social media platform X. He urged PM Modi to clear coal dues pending with the Centre.
The combined Index of Eight Core Sector Industries measures the output of key sectors that include cement, coal, crude oil, electricity, fertilisers, natural gas, refinery products and steel which together have a 40 per cent weight in the Index of Industrial Production.
According to the government's Economic Survey 2023-24 presented in Parliament on Monday, India must acknowledge and tackle the challenges arising from its reliance on China for essential minerals. It also emphasised the need to assess the impacts on financial institutions' balance sheets.
The gain came on a day when London-based Financial Times, citing documents from George Soros-backed Organized Crime and Corruption Reporting Project (OCCRP) in a report alluded to fraud by the Adani group by selling low-grade coal as high-value fuel in 2013.
PM Modi is slated to inaugurate two pivotal projects by Coal India, valued at approximately Rs 1,200 crore, aimed at revolutionising coal transportation and connectivity.
India remained among the highest performers by maintaining a high ranking in Global Greenhouse Gas (GHG) emissions and Energy Use categories. However, the CCPI 2024 report also noted that India's slightly positive trend in renewable energy share was advancing too slowly.
The Indian government is committed to enhancing coal production and distribution to ensure a stable energy supply. This focus has led to various players in the coal industry reporting increased revenue.
Coal is a primary energy source in India, meeting 55% of the nation's energy needs, with Coal India producing over 80% of the country's coal. The stock prices of both GOCL Corp and Coal India saw notable movements following this development.
The PSU had produced 45.7 MT of coal in the year-ago period, Coal India Ltd (CIL) said in a BSE filing.
Chhattisgarh: The special court on Saturday registered the second supplementary chargesheet and issued notices to nine of the 11 accused.
The meeting comes just days after Coal and Mines Minister Pralhad Joshi had last week reviewed the availability of coal, where it was informed that there is adequate supply of dry fuel to meet the requirements of coal-based power plants.
The output growth of the eight sectors slowed down to 5.8 per cent in April-June 2023-24 against 13.9 per cent in the year-ago period.
The government aims to enhance production to 1,012 million tonnes in the current fiscal.
India coal export: The minister also assured of an uninterrupted supply of coal in the approaching summer season- when the peak demand is expected to be 229 GW during April.
Authorities have been directed to close down industries and commercial establishments using unapproved fuels, including coal, without giving them any show-cause notice.
Mineral blocks auction: The mines to be auctioned include six iron ore blocks, three blocks each of limestone and gold, two blocks of bauxite, one block each of copper, phosphorite and glauconite, according to the mines ministry.
Bengal coal smuggling case: CBI has named in the charge sheet the names of eight present and former officials of Eastern Coalfields Limited (ECL) who have been arrested by the central agency sleuths.
The coal being sourced on behalf of the state generating companies (gencos) and independent power plants is based on the indents received from them.
The data compiled from official sources suggest that the coal power plants are in no position to address even a minor spike in the power demand and there is a need to plan for coal transportation well in advance.
The total dispatch of coal has been at 37.18 MT, recording an increase of 15.87 per cent as compared to the corresponding period of last year.
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