The government’s department of revenue intelligence, or DRI, is conducting the probe, coal minister said in a written reply, without elaborating
The country's coal import stood at 264.53 MT in FY24, the coal ministry said in a statement
Coal imports in October dropped by 14.4 per cent to 21.84 MT compared to 25.54 MT in the corresponding month of the previous fiscal, according to data compiled by mjunction services, a B2B e-commerce platform.
The country had imported 23.05 MT of coal in the year-ago period, according to data compiled by B2B e-commerce company mjunction services ltd.
The country’s coal import also went up to 244.27 MT in the April-February period of FY24 over 227.93 MT in the year-ago period, the online marketplace said
The country's coal imports were 154.72 MT in the corresponding period of the previous fiscal.
On October 17, 2019, the high court had quashed all the letters rogatory (LRs) sent by the DRI to Singapore and other countries in its ongoing investigation against the Adani Group firms for alleged overvaluation of Indonesian coal imports.
As per the order, "the reason for not getting adequate coal to the thermal power plants is due to the constraints of the Railways and in such a situation, putting an additional load of imported coal on the thermal power plants of the state is not appropriate," AIPEF said.
Rs 6,000 crore in VGF will be provided for coal gasification to two projects of PSUs, four projects from the private sector and five projects on pilot basis, Amrit Lal Meena, coal secretary told Moneycontrol.
R K Singh stated that with the rise in electricity demand, the increase in supply of coal to power plants is not commensurate with the domestic coal requirement.
Imports from Russia rose, due to discounted rates offered, from $6.58 billion from April to December 2021 to $32.88 billion in 2022.
Traders will scour Wednesday's meeting minutes for indications that Fed officials are concerned about persistent inflation even as the bank slows the pace of its rate increases.
AEL’s biggest revenue vertical doubled its revenue on higher coal prices, according to a Jefferies report
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Union power minister R K Singh said right now, there are reserves of around 22.9 MT at the power plants. Speaking to PTI, the minister said right now, there are reserves of around 22.9 MT at the power plants.
Power demand increased to about 45,000 megawatts on a daily basis. In energy terms, the demand and consumption went up to 4,500 mili units from 3,500 mili units - which is an increase of 25 percent, said the power minister
" For the two years as coal secretary, I did not convene a single meeting in Delhi. I used to travel to each state where coal exists once in two months to engage with the chief secretary, senior officers and with all the district magistrates on video conference, and discuss the big issues relating to land acquisition and forest and environment clearance."
It would be the first time since 2015 that Coal India has imported the fuel, highlighting efforts by state and federal officials to stock up to avoid a repeat of April, when India faced its worst power cuts in more than six years
On May 5, Ministry of Power (MoP) issued a directive under Section 11 of the Electricity Act, stating that all imported coal-based power plants shall operate and generate power at their full capacity to meet the growing demand, ICRA stated.
The move, which marks the first time the world's second largest coal importer is issuing timelines for imports, can put pressure on the global prices of coal as the utilities rush to avoid a repeat of the electricity crisis in April.
The statement by Power Minister R K Singh puts a long timeline on a major policy reversal suggested this month, when the federal government asked utilities run by state governments to step up coal imports.
Chief Minister MK Stalin has written to the Prime Minister demanding coal supply, but the state power utility has been sleeping on the job
"Load shedding is going on in the state. A meeting was held on this issue by Chief Minister Uddhav Thackeray. I will take a review of the power department every week on the issue of load shedding and the cabinet has given its approval to check whether there is any availability of power in the country,” Ajit Pawar said.
Discussions on market access for Australian dairy products and meat, apart from Australia’s discomfort with opening up services exports, are the major sticking points in the deal, talks on which had begun in 2011.
Customers are deferring coal imports due to high prices in the international markets, impacting Adani Ports’ volumes