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Wednesday, 02 September 20
COAL PRODUCTION FALLS 7% IN APR-AUG; OFF TAKE DIPS 13.4% - FINANCIAL EXPRESS
coal indiaIn the month of August coal off take also increased 9.3% y-o-y to 44.34 MT as compared with 40.57 MT in the same period last year.
 
Coal India (CIL), the world’s largest coal miner, on Tuesday reported around 7% year-on-year decline in its production to 195.54 million tonne during April to August as against 210.15 million tonne during the same period last year.
 
Coal off take also declined 13.4% y-o-y to 208.36 million tonne (MT) in the first five months of the current fiscal as compared with 204.65 MT in the corresponding period last fiscal, the state-run coal behemoth said in a stock exchange filing, Financial Express reported.
 
Financial Express furher said, the company’s production, however, rose 7.1% y-o-y to 37.17 MT in August, 2020 as against 34.70 MT in August, 2019. In the month of August coal off take also increased 9.3% y-o-y to 44.34 MT as compared with 40.57 MT in the same period last year.
 
“Coal India shrugging off the Covid-constricted growth and monsoonal downpour came back strongly in the month of August 2020 logging 9.3% growth in coal off take and 7.1% growth in coal output compared to August a year ago. For the first time in the ongoing fiscal, CIL has clocked growth in both the facets,” the company said in a release.
 
According to Financial Express, “The growth slowdown is contained and going forward in the ensuing months of the fiscal we endeavour to maintain our production and off-take tempo,” said a senior official of CIL.
 
Mahanadi Coalfields (MCL), a CIL subsidiary, recorded a 45.6% coal output growth despite having received 41% more rainfall in August, 2020 than a year ago month. Since the beginning of the monsoon from, June 1 till end August, 2020, MCL was beleaguered by 45% of increased rainfall compared to same period last year.


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Saturday, 29 August 20
COAL INDIA'S FUEL SUPPLY TO POWER SECTOR DROPS ABOUT 20% IN APR-JUL: PTI
State-owned Coal India”s fuel supply to the power sector registered a decline of 19.5 per cent to 126.30 million tonnes (MT) in the April-Jul ...


Saturday, 29 August 20
SOUTH KOREAN BROKERAGE FIRM KOREA INVESTMENT & SECURITIES TO STOP ALL COAL BUSINESS - KOREA HERALD
South Korean brokerage firm Korea Investment & Securities has decided to stop its investments in coal, in line with the Moon Jae-in administrat ...


Thursday, 27 August 20
KOREAN GENCOS INVITED BIDS FOR TOTAL 985,000 TONS OF BITUMINOUS COAL FOR NOVEMBER 2020 LOADING
COALspot.com: Korea Midland Power Co., Ltd (KOMIPO) on behalf of EWP, KOSPO, KOSEP and KOWEPO has issued an international tender for total 985,000 ...


Thursday, 27 August 20
SOUTHEAST ASIAN NATIONS SET REGION-WIDE RENEWABLE ENERGY GOAL OF 23 PERCENT BY 2025 - ASEAN POST
The Association of Southeast Asian Nations (ASEAN)  has set an ambitious target of securing 23 percent of its primary energy from renewable so ...


Thursday, 27 August 20
BANGLADESH POWER MINISTRY SEEKING AUTHORITY TO CANCEL 13,000 MW OF PROPOSED COAL-FIRED CAPACITY - BUSINESS STANDARD
In a bid to move away from dirty energy, the Ministry of Power, Energy and Mineral Resources is seeking the prime minister’s approval to conv ...


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