Coal India hikes prices of high-grade fuel by 8%; stock falls 2%
The price hike is expected to generate incremental revenue of ₹2,703 crore for the balance period of financial year 2023-24, says CIL
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India plans to add 14,700 MW of thermal power capacity this year
Out of the 14,700 megawatt, the Centre's target is to add 6,880 MW.
Domestic coal production up 14.7% to 892 MT in FY23; FY24 target is one billion MT
Coal India Limited (CIL) continued to be the largest producer of domestic coal accounting for 78.8% of the total production during FY23.
FM kicks off India’s largest coal mine auction
“Mining sector reforms providing the right fillip to economic growth”, said Finance Minister Nirmala Sitharaman
8 core industries’ output grows 18.1% in May
The growth in the index of eight core industries can be attributed to the higher production of cement, coal, fertilisers and electricity during May 2022 over the corresponding period of last year.
Steel stocks tumble as govt imposes export duty
The government on Saturday hiked export duty on a range of finished steel products and iron ore.
Import coal for blending or face 5% cut in domestic supply: Govt tells power utilities
Power minister RK Singh has expressed concern that tender process for coal import has either not started or not completed in some states.
Power crisis looms large as 61% coal plants in critical coal shortage
Coal availability at 106 out of 173 coal fired power plants have turned 'critical', says data from the Central Electricity Authority (CEA).
Tackling The Commodity Crisis
Value-added products, change in fuel-mix, inventory light model — and the inevitable price hikes are some of the steps India Inc. is taking to address volatile commodity prices.
ACC, Ambuja, Ultratech, Shree Cement under pressure; is it good time to buy cement stocks?
Shares of major cement manufacturers ACC, Ambuja Cements, Ultratech Cement, Shree Cement and India Cement have fallen around 4% in the last five trading sessions.
