This includes distancing themselves from the new and emerging super-critical technology.
Attacking the Centre on the coal allocation controversy, Gujarat Chief Minister Narendra Modi on Monday said the scam was 'blackening the country's face'.
The Planning Commission had recently recommended leaving the coal prices to the market and allowing free trade of coal nationally and internationally. Although coal prices were deregulated in 2000, the rates are fixed by the coal PSUs under the guidance of the coal ministry.
Coal industry expert Sunjoy Joshi tells Sheela Bhatt/Rediff.com that the NDA's e-auction of coal blocks will not solve the fundamental problems that dog the industry.
Indonesian coal making its way to India provides about a third less energy than supplies from South Africa or Australia.
Coal India is transporting extra volumes of coal to power plants ahead of a five-day worker union strike that threatens to cut much of its per-day output of 1.6 million tonnes.
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The Greens are calling for an urgent investigation.
Prabhu-led advisory group also suggests JVs with mining and infra firms.
Production of eight infrastructure sectors recorded an almost flat growth rate of 6 per cent in February as against 5.9 per cent in the same month last year, according to official data released on Friday. The growth in February is lowest in the last three months. The output of core sectors had increased by 8.9 per cent in January 2023 and 7 per cent in December 2022.
In one of the first steps towards coal block re-allocation, the government has finalised the methodology to calculate coal price for e-auction and a Cabinet proposal on this is likely to be floated in a fortnight.
As Partha S Bhattacharyya steps down as CMD, the search for a successor is being keenly watched.
Hindalco's first quarter (Q1FY23) results indicate healthy domestic volumes for aluminium and copper, and lower cost of production. Subsidiary Novelis saw weak volume trends but it managed to push operating profit margins on a better mix and pricing hikes. The weak global outlook on aluminium is a cause for ongoing concern.
It is up to the government to take a decision on this before it starts auctioning.
Besides the jail term, the special court also imposed a fine of Rs 25 lakh on Koda and Rs one lakh on Gupta.
The economy can't grow without increasing electrification, which requires more power plants, and given coal is the cheapest form of fuel and is abundant, it makes sense that India is looking to boost the use of the fuel.
The government has agreed to remove coal from the list of essential commodities in the Essential Commodities Act, the Lok Sabha was informed on Thursday.
Analysts believe total cost of production at Rs 1,000/tonne reasonable for power firms.
The Bharatiya Janata Party on Thursday came out with a book on the coal scam titled 'The Great Coal Robbery'.
The government on Friday said the auction of explored coal blocks may take place either by December or the beginning of the next year.
The committee headed by Bharatiya Janata Party MP Vinod Kumar Sonkar is meeting later on Thursday to adopt its draft report in what is likely to be hotly contested by opposition members of the panel.
Twelve rat-hole mining experts are involved in the horizontal excavation through the last 10 or 12-metre stretch of debris of the collapsed portion of the under-construction tunnel on Uttarakhand's Char Dham route.
Latching on to comments by former Coal Secretary P C Parakh, the opposition on Wednesday targeted Prime Minister Manmohan Singh, saying he cannot escape responsibility in the controversial allocations as held the charge of the Coal Ministry at that time.
However, there was no official word from the Lokpal.
World is moving away from coal production, but it still forms a big part of power generation.
The output of eight infrastructure sectors registered a growth of 3.6 per cent in March 2023, the slowest in five months, showed government data released on Friday. The output of core sectors had increased by 7.2 per cent in February 2023 and 4.8 per cent in the year-ago month. The previous low was 0.7 per cent in October 2022.
As the stand-off between the government and the Bharatiya Janata Party on the coal block issue continued, answers to Parliamentary questions for the current session related to Coal ministry are missing from the Rajya Sabha website.
The 54-page document tabled in Parliament detailed how the Modi-government pull the economy from being counted among the most fragile-five in the world to being the fasted growing and the most attractive investment destination.
India is looking at buying coal mines in Australia through two state-owned entities in a bid to bridge the domestic coal supply-demand shortfall, a top government official said on Monday.
Tata Power, Sesa Sterlite and Hindustan Zinc likely to be hit.
The headline for corporate profit growth has been very encouraging in the July-September quarter (Q2) of 2023-24 (FY24), with the combined net profit of listed companies up by 38 per cent year-on-year. However, the earnings distribution has been very lopsided, with most of the growth coming from public-sector oil-marketing companies (OMCs), banks, non-bank lenders, automobile (auto) companies, and cement producers. By comparison, companies from information technology services, fast-moving consumer goods (FMCG), retail, and consumer durables were disappointed, experiencing a sharp slowdown in net sales growth and a relatively muted increase in reported net profit.
Power firms can pass on burden to consumers, stocks rise up to 2%
Amidst the storm over CAG report on coal block allocation, the Prime Minister's Office has expressed displeasure over inaction by the Coal Ministry in cancelling blocks where mining has not taken place and asked it to expedite the matter by September 6.
Close on the heels of Mukesh Ambani's Reliance Industries seeking coal mines to convert coal into oil, younger brother Anil-run Reliance Natural Resources has applied for coal blocks to turn coal into gas. Reliance-Anil Dhirubhai Ambani Group (R-ADAG) president J P Chalasani in a January 14 letter to Coal Secretary H C Gupta sought allocation of "captive coal blocks for the purpose of converting coal to gas."
The incident took place when some people from nearby villages were collecting coal from the "over-burdened" dump yard located near the mining area.
The Supreme Court is expected to deliver its final verdict on coal mine allocations later this week.
According to the report by Swiss firm IQAir released on Tuesday, India's annual average PM2.5 level in 2022 was 53.3 g/m3, slightly lower than the 2021 average of 58.1.
The government on Thursday suspended chairman and managing dof Coal India Limited N K Sharma on alleged charges of corruption during his tenure, official sources said in New Delhi.
However, Adani Australia has clarified on its Facebook page on Monday that in terms of quality of the coal it is almost 50 per cent better than that used domestically.
The mine got the sign-off from Environment Minister Greg Hunt in October after the company cleared concerns about two rare outback species
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