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Saturday, 25 March 23
COAL INDIA HAS STRONG CASE TO INCREASE PRICES, TALKS ON: CMD AGRAWAL - BUSINESS STANDARD
Coal India (CIL) Chairman and Managing Director Pramod Agrawal said on Monday there is a “strong case” for increasing coal prices, and the hike could be effected “very soon” as discussions are underway with stakeholders.
Agrawal also said he is confident the mining behemoth would achieve its production target of 1 billion tonnes by 2025-26 (FY26).
“There is a strong case for increasing coal prices, as that has not happened in the past five-odd years. This year, the wage negotiation has taken place as well. This will have an impact on CIL’s financial condition, especially for a few subsidiaries like Eastern Coalfields, Western Coalfields, and Bharat Coking Coal where the cost of manpower is very high. There will be a lot of problems if prices are not hiked,” Agrawal said at the Indian Coal Markets Conference here organised by mjunction.
The last price hike by the state-owned miner was in January 2018 — it was a little over 10 per cent.
“It is such a critical thing for the economic development of the country that it cannot be increased unilaterally,” he, however, added.
Asked when a final decision was likely, B Veera Reddy, director (technical) and director (finance)-additional charge, CIL, said, “There are a lot of stakeholders and the power ministry… we need to reach a consensus. We are in discussions with the Ministry of Coal.”
Even as it weighs in on the possibility of a price hike, CIL is stepping up production.
This year, it is on course to achieve 700 million tonnes (mt).
The target for next year is being kept at 780 mt. The additional 80 mt for next year is a “stiff target”, but CIL is committed to meeting the requirements of the nation. By FY26, it will reach the 1-billion tonne production target.
But it will hinge on factors like the need of the country and the growth of the private sector, said Agrawal.
“If not 1 billion (tonne), I am hopeful that the requirement would be in that range because our coal is one of the cheapest in the world,” he added.
Captive/commercial coal mine
The country is eyeing increased production from mines auctioned for captive and commercial use. Joining the conference virtually, Coal Secretary Amrit Lal Meena said this year, the share of captive/commercial would be 15 per cent of total coal production of the country.
Last year, production was 89 mt. This year, it is likely to be 112 mt. “In the next two to three years, we are hopeful that commercial and captive mines will increase production,” said Meena.
The target for 2023-24 from captive/commercial is 161 mt.
He said the ministry is working on a strategy to enhance the production of coal, so that not just the power sector but all other sectors of the economy have adequate coal and possibly think about exports.
Source: Business Standard
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Wednesday, 12 October 22
MARKET INSIGHT - INTERMODAL
Sale and Purchase activity during the first three quarters of 2022 has been remarkable.
Focusing only on Tankers and Bulkers, such v ...
Monday, 10 October 22
ENERGY TRANSITION BOOSTS GLOBAL LONG-TERM DEMAND FOR METALS - FITCH RATINGS
The energy transition will significantly increase demand for metals used in manufacturing of electric vehicles (EVs) and renewable power generation ...
Monday, 10 October 22
GLOBAL CEOS EXPECT IMPENDING RECESSION TO BE 'SHORT AND SHARP,' POLL SHOWS - CNBC
Global CEOs are anticipating a recession in the next 12 months, according to a new survey by professional services firm KPMG, which said more than ...
Thursday, 06 October 22
AUSTRALIA’S RESOURCES REVENUE TO HIT RECORD AMID UKRAINE CONFLICT - REUTERS
Australian resources and energy export earnings are forecast to jump 7% to a record A$450 billion ($290 billion) this fiscal year, bolstered by soa ...
Thursday, 06 October 22
COAL INDIA ASKED TO ENHANCE SUPPLY TO THERMAL POWER PLANTS - IANS
With the festival season round the corner, Coal India Ltd. has been directed by the government to scale up dispatch to thermal power plants.
&n ...
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- International Coal Ventures Pvt Ltd - India
- Malabar Cements Ltd - India
- The University of Queensland
- IEA Clean Coal Centre - UK
- Sinarmas Energy and Mining - Indonesia
- Chamber of Mines of South Africa
- Sindya Power Generating Company Private Ltd
- TNB Fuel Sdn Bhd - Malaysia
- VISA Power Limited - India
- Indian Oil Corporation Limited
- Kumho Petrochemical, South Korea
- Vijayanagar Sugar Pvt Ltd - India
- Global Green Power PLC Corporation, Philippines
- Economic Council, Georgia
- Borneo Indobara - Indonesia
- ICICI Bank Limited - India
- Bahari Cakrawala Sebuku - Indonesia
- Kideco Jaya Agung - Indonesia
- Xindia Steels Limited - India
- Directorate Of Revenue Intelligence - India
- The Treasury - Australian Government
- McConnell Dowell - Australia
- Vizag Seaport Private Limited - India
- Tata Chemicals Ltd - India
- Singapore Mercantile Exchange
- Coalindo Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Jindal Steel & Power Ltd - India
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Asia Pacific Energy Resources Ventures Inc, Philippines
- The State Trading Corporation of India Ltd
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Kapuas Tunggal Persada - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Iligan Light & Power Inc, Philippines
- Semirara Mining Corp, Philippines
- Krishnapatnam Port Company Ltd. - India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- European Bulk Services B.V. - Netherlands
- Vedanta Resources Plc - India
- Mjunction Services Limited - India
- Thai Mozambique Logistica
- Kohat Cement Company Ltd. - Pakistan
- Kepco SPC Power Corporation, Philippines
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Bangladesh Power Developement Board
- Planning Commission, India
- Renaissance Capital - South Africa
- Price Waterhouse Coopers - Russia
- Bukit Baiduri Energy - Indonesia
- Ambuja Cements Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Eastern Coal Council - USA
- Africa Commodities Group - South Africa
- Heidelberg Cement - Germany
- Jorong Barutama Greston.PT - Indonesia
- Interocean Group of Companies - India
- Leighton Contractors Pty Ltd - Australia
- Meralco Power Generation, Philippines
- Deloitte Consulting - India
- Ministry of Mines - Canada
- OPG Power Generation Pvt Ltd - India
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Toyota Tsusho Corporation, Japan
- Metalloyd Limited - United Kingdom
- Mintek Dendrill Indonesia
- Kaltim Prima Coal - Indonesia
- Parliament of New Zealand
- Sree Jayajothi Cements Limited - India
- Australian Commodity Traders Exchange
- Cement Manufacturers Association - India
- South Luzon Thermal Energy Corporation
- Ind-Barath Power Infra Limited - India
- Globalindo Alam Lestari - Indonesia
- Banpu Public Company Limited - Thailand
- Parry Sugars Refinery, India
- New Zealand Coal & Carbon
- Straits Asia Resources Limited - Singapore
- Miang Besar Coal Terminal - Indonesia
- Grasim Industreis Ltd - India
- Uttam Galva Steels Limited - India
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Madhucon Powers Ltd - India
- Merrill Lynch Commodities Europe
- Electricity Generating Authority of Thailand
- GAC Shipping (India) Pvt Ltd
- Pipit Mutiara Jaya. PT, Indonesia
- Antam Resourcindo - Indonesia
- Agrawal Coal Company - India
- Asmin Koalindo Tuhup - Indonesia
- London Commodity Brokers - England
- CIMB Investment Bank - Malaysia
- Goldman Sachs - Singapore
- Neyveli Lignite Corporation Ltd, - India
- Tamil Nadu electricity Board
- Altura Mining Limited, Indonesia
- Lanco Infratech Ltd - India
- Rio Tinto Coal - Australia
- Bulk Trading Sa - Switzerland
- Therma Luzon, Inc, Philippines
- Baramulti Group, Indonesia
- Sakthi Sugars Limited - India
- Coal and Oil Company - UAE
- Offshore Bulk Terminal Pte Ltd, Singapore
- San Jose City I Power Corp, Philippines
- PTC India Limited - India
- Marubeni Corporation - India
- Mercuria Energy - Indonesia
- Energy Development Corp, Philippines
- Carbofer General Trading SA - India
- PetroVietnam Power Coal Import and Supply Company
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Makarim & Taira - Indonesia
- Wood Mackenzie - Singapore
- Barasentosa Lestari - Indonesia
- Indogreen Group - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- Bayan Resources Tbk. - Indonesia
- Essar Steel Hazira Ltd - India
- Australian Coal Association
- Indo Tambangraya Megah - Indonesia
- Binh Thuan Hamico - Vietnam
- PNOC Exploration Corporation - Philippines
- Edison Trading Spa - Italy
- TeaM Sual Corporation - Philippines
- Bhatia International Limited - India
- MS Steel International - UAE
- Larsen & Toubro Limited - India
- Aditya Birla Group - India
- India Bulls Power Limited - India
- Gujarat Mineral Development Corp Ltd - India
- SMC Global Power, Philippines
- Bank of Tokyo Mitsubishi UFJ Ltd
- Independent Power Producers Association of India
- Sical Logistics Limited - India
- Kobexindo Tractors - Indoneisa
- Directorate General of MIneral and Coal - Indonesia
- LBH Netherlands Bv - Netherlands
- Bhushan Steel Limited - India
- Commonwealth Bank - Australia
- Coastal Gujarat Power Limited - India
- Holcim Trading Pte Ltd - Singapore
- Indika Energy - Indonesia
- Wilmar Investment Holdings
- Eastern Energy - Thailand
- Bukit Makmur.PT - Indonesia
- Alfred C Toepfer International GmbH - Germany
- Maharashtra Electricity Regulatory Commission - India
- Karaikal Port Pvt Ltd - India
- Romanian Commodities Exchange
- Mercator Lines Limited - India
- Intertek Mineral Services - Indonesia
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- Videocon Industries ltd - India
- Global Coal Blending Company Limited - Australia
- Siam City Cement - Thailand
- Dalmia Cement Bharat India
- Power Finance Corporation Ltd., India
- Samtan Co., Ltd - South Korea
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Jaiprakash Power Ventures ltd
- Simpson Spence & Young - Indonesia
- Aboitiz Power Corporation - Philippines
- ASAPP Information Group - India
- Indian Energy Exchange, India
- Star Paper Mills Limited - India
- Oldendorff Carriers - Singapore
- Sojitz Corporation - Japan
- SN Aboitiz Power Inc, Philippines
- White Energy Company Limited
- Gujarat Sidhee Cement - India
- Riau Bara Harum - Indonesia
- Standard Chartered Bank - UAE
- Maheswari Brothers Coal Limited - India
- Chettinad Cement Corporation Ltd - India
- PowerSource Philippines DevCo
- Meenaskhi Energy Private Limited - India
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Siam City Cement PLC, Thailand
- Bhoruka Overseas - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Central Electricity Authority - India
- GVK Power & Infra Limited - India
- CNBM International Corporation - China
- Central Java Power - Indonesia
- Kartika Selabumi Mining - Indonesia
- Manunggal Multi Energi - Indonesia
- Timah Investasi Mineral - Indoneisa
- Savvy Resources Ltd - HongKong
- Orica Mining Services - Indonesia
- Sarangani Energy Corporation, Philippines
- Ministry of Finance - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Rashtriya Ispat Nigam Limited - India
- Petron Corporation, Philippines
- Georgia Ports Authority, United States
- Medco Energi Mining Internasional
- Ministry of Transport, Egypt
- Orica Australia Pty. Ltd.
- AsiaOL BioFuels Corp., Philippines
- GMR Energy Limited - India
- Cigading International Bulk Terminal - Indonesia
- Petrochimia International Co. Ltd.- Taiwan
- Anglo American - United Kingdom
- Karbindo Abesyapradhi - Indoneisa
- Global Business Power Corporation, Philippines
- Bharathi Cement Corporation - India
- SMG Consultants - Indonesia
- Electricity Authority, New Zealand
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