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Tuesday, 23 May 23
INDIA: COAL OUTPUT UP 8.9%, SUPPLY RISES 11.7% IN APRIL - FINANCIAL EXPRESS
India’s coal production jumped 8.85% to 73.14 million tonne (MT) in April 2023 and the total coal despatch during the month went up 11.66% to 80.35 MT as against the corresponding figures in the previous year.
In April 2022, coal production stood at 67.20 MT and the coal supply was 71.96 MT, as per the coal ministry. The coal production in April 2023 was 94.89% of 77.08 MT target for the month. The full FY24 production target is 1,012 MT.
Coal India and subsidiaries together produced 57.57 MT of coal in April 2023, up 7.67% from 53.47 MT in April 2022. Their despatch went up 8.57% to 62.35 MT as compared to 57.43 MT in April 2022, the coal ministry data showed
The Singareni Collieries Company Ltd (SCCL) extracted 5.57 MT of coal, up 4.77% from 5.32 MT in April last year. The coal output by captive mines stood at 10 MT in April, an increase of 18.93% from 8.41 MT in April 2022.
The coal despatch to power utilities went up 6.66% from 61.33 MT in April last year to 65.41 MT last month due to improvement in rail connectivity between the major coal producing mines and the power generation companies.
Coal based power generation has registered a growth of 5.44% in April 2023 as compared to April 2022 and overall power generation in April 2023 has been 3.98% higher than the power generated in April 2022.
The total power generation from all sources in the country in April 2023 was 1,41,898 million unit (MU) as compared to 1,36,465 MU in April 2022. Coal based power generation was 1,08,106 MU in April 2023, reflecting 76.19% share in total power generation for the month.
India is the fifth largest coal producing country in the world and as it is a major coal consuming country it imports part of its coal requirement, particularly the coking coal which is less available in India and is used in the steel industry.
The coking coal production stood at 4.89 MT in April 2023, 18.07% higher than 4.14 MT in April 2022.
Source: Financial Express
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Wednesday, 22 March 23
WILL LOWER GAS PRICES SPARK SWITCHING IN EUROPE AND ASIA?
Record high prices devastated demand for gas and LNG across Asia and Europe last year. But with prices falling, companies are starting to re-evalua ...
Monday, 20 March 23
NTPC MULLS 5.4 MILLION TONNES COAL IMPORT IN FIRST HALF OF 2023-24: PTI
State-run power giant NTPC is planning to import around 5.4 million tonnes of coal to meet the supply shortage during the first half 2023-24 fiscal ...
Monday, 20 March 23
S. AFRICA’S EXXARO RESOURCES SAYS COAL PRICES COOLING OFF - REUTERS
South Africa’s Exxaro Resources on Thursday posted a 28% jump in 2022 profit after seeing average coal prices surge more than 150%, but warne ...
Saturday, 18 March 23
RUSSIAN LNG EXPORTS TO EUROPE REMAIN HIGH - VESSELS VALUE
Russian LNG exports to Europe remained at very high levels in February at 3.6 million CBM, following a 13 month high in January of 4.1 million CBM. ...
Saturday, 18 March 23
HEDGE TO OFFSET LNG VOLATILITY, TRADERS TOLD - BALTIC EXCHANGE
A shift in imports from Asia to Europe led to significant volatility in liquefied natural gas shipping last year, prompting industry experts to urg ...
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- Australian Coal Association
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- Vedanta Resources Plc - India
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- Standard Chartered Bank - UAE
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- Alfred C Toepfer International GmbH - Germany
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- Electricity Generating Authority of Thailand
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- European Bulk Services B.V. - Netherlands
- Chamber of Mines of South Africa
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
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