The company has also sorted out most of the land acquisition issues for expansion of its lignite mine in Tamil Nadu's Cuddalore district, says Prasanna Kumar Motupalli. A section of the locals have been protesting against the project and in May, NLCIL had to shut five units of thermal power plant due to lignite shortage.
The stock pileup has forced some mines to curtail production. Fewer railway rakes for timely transportation and spontaneous combustion, forcing the sprinkling of water to cool the coal, affecting its quality, are exacerbating the storage challenge
The dues owed to CIL have increased by almost 25 percent compared to last year. It is crucial to make prompt payments to the coal sector to guarantee a continuous supply of this fossil fuel to thermal power plants, particularly as India prepares for peak summers and the demand for power is anticipated to reach 230 GW.
The Power Ministry has recommended the Ministry of Coal to take steps to increase output from Coal India Ltd and its subsidiary Singareni Collieries Company Ltd (SCCL) by 10 to 12 percent this fiscal year, citing the impact of energy outages on economic recovery.
The Naini Block is estimated to have 340 million tonnes of coal reserves.
Kalyani Khani-6 Incline in Telangana, having extractable reserves of 15.65 million tonnes (MT), is a new underground coal mining project and carved out of Mandamarri shaft block in Mancherial district of Telangana.
CMD of SCCL N Sridhar today held a review meeting with senior officials of the company and discussed mine-wise targets, a release said.
According to a statement issued by SCCL, the miner transported 46.7 million tonnes of coal as on December 2017 against 42.7 million tonnes for the first nine months of the previous fiscal. The production was pegged at nearly 42 million tonnes.
While the restrictions have been removed with respect to Signet Industries Ltd (SIL), the regulator has ordered a forensic audit for Scintilla Commercial & Credit Ltd (SCCL).
"This is highest ever production achieved in any given quarter," SCCL said in a statement.
A Parliamentary panel has raised concerns over Rs 13,745 crore in dues to coal PSUs - CIL, SCCL and NLC - and asked them to recover the amount, which can adversely impact their financial position.
The ROM price to be paid will be suitably indexed by CIL/Singareni Collieries Company Limited (SCCL) for subsequent years. The successful bid premium shall remain constant over the contract period.
The very first e-auction it conducted fetched 54 percent above the notified price for Bharat Coking Coal, a Coal India arm. The unique methodology it put in place is still being followed, it said.
The strike call comes at a time when the country is grappling with coal shortages and as many as 43 thermal power plants are facing significant fuel deficit.
Country's largest power producer NTPC today said coal shortage is hurting the performance of several of its plants, including Dadri and Vindhyachal, resulting in lesser electricity generation.
State-owned BHEL today said it has bagged over Rs 4,000 crore contract for setting up a thermal power plant in Andhra Pradesh from Singareni Collieries Company.