#coal india

[edu-information]

Coal India Shares Surge Over 4% Post Strong March Quarter Earnings

Shares of Coal India Ltd (CIL), the government-owned coal giant, saw a notable uptick, climbing over 4% following the company's impressive performance in the March quarter. Here's a breakdown of the latest developments:

Stock Performance: At the Bombay Stock Exchange (BSE), CIL shares surged by 4.15% to reach Rs 472.10, while at the National Stock Exchange (NSE), the price rallied by 3.97% to Rs 471.95.

Robust Profit Growth: CIL reported a remarkable 26.2% increase in consolidated net profit for the quarter ending March. The company's net profit stood at Rs 8,682.20 crore, compared to Rs 6,875.07 crore in the corresponding period last year. This growth was primarily attributed to higher supplies of coal.

Decline in Income: Despite the surge in profit, CIL's consolidated income for the January-March period declined to Rs 39,654.50 crore from Rs 40,371.51 crore in the previous year.

Annual Performance: For the entire fiscal year 2023-24, CIL recorded a PAT (Profit After Tax) growth of 17.8% year-on-year, reaching Rs 37,369 crore. This solid performance reaffirms CIL's position as a key player in India's domestic coal production, accounting for over 80% of the country's total output.

Investors have responded positively to CIL's strong financial performance, reflecting confidence in the company's ability to navigate challenges and deliver consistent growth.

[plethoraworldatlas]

A report released by Carbon Majors on Thursday says that 57 companies were responsible for 80% of the world's CO2 emissions from fossil fuel and cement production between 2016 and 2022.

Saudi Aramco, Russia's state-owned energy company Gazprom, and state-owned producer Coal India were at the top of the list. Carbon Majors has been keeping track of which companies are contributing the most to the climate crisis since 2013.

"The Carbon Majors research shows us exactly who is responsible for the lethal heat, extreme weather, and air pollution that is threatening lives and wreaking havoc on our oceans and forests," Tzeporah Berman, international program director at Stand.earth and chair at Fossil Fuel Non-Proliferation Treaty, said in a statement. "These companies have made billions of dollars in profits while denying the problem and delaying and obstructing climate policy."

The report states that nation-state producers account for 38% of CO2 emissions in the database. That's the highest percentage of any of the types of companies listed in the database.

"The Carbon Majors database finds that most state- and investor-owned companies have expanded their production operations since the Paris agreement. Fifty-eight out of the 100 companies were linked to higher emissions in the seven years after the Paris agreement than in the same period before," the report reads.

In terms of investor-owned companies, Chevron, ExxonMobil, and BP contributed the most to CO2 emissions. ExxonMobil alone was responsible for 3.6 gigatons of CO2 emissions over a seven-year period

[newspatron]

Stock Market March 2024: Energy Sector Spotlight

What are your top energy stock picks for March 2024? Share your insights and questions below! 💬

editor@newspatron.comNavigating the Late Stock Market March 2024 Seeks Opportunities in the Wake of VolatilityThe Importance of DisciplineShort-Term OpportunitiesSME IPOs and Investor CautionAstrological ConsiderationsCompanies to WatchCoal India (COALINDIA) – Energy SectorGAIL (GAIL) – Energy SectorInox Green Energy Services Ltd. – Renewable Energy SectorJSW Energy (JSWENERGY) – Energy SectorJSW…

[apacnewsnetwork0]

Coal India launches WhatsApp Chatbot ‘CoalMitra’

As of my last knowledge update in September 2021, I am not aware of the launch of a WhatsApp chatbot called "CoalMitra" by Coal India. It's possible that this development has occurred after my last update.

However, based on the information you've provided, it sounds like Coal India has introduced a WhatsApp chatbot named "CoalMitra" to interact with users and provide information or assistance related to coal-related services, products, or other relevant topics. Chatbots like these are commonly used by companies and organizations to enhance customer engagement and provide quick access to information.

For the most accurate and up-to-date information, I recommend checking official news sources or visiting the official website of Coal India. Is there anything else I can assist you with?

Features of CoalMitra

Touching on the features of the app, the PSU said that CoalMitra will provide assistance for faster resolution of grievances, and it operates 24X7. It can be used by stakeholders to register grievance and track its status. Further, vendors can use it to track status of their bill and this could also be used by retired employees and their kin to download various forms required for their benefit.

For interacting with CoalMitra, the PSU suggested users to send a message with the word, “Hello” to the WhatsApp to mobile number 9477011383 and the Chatbot will interact.

Coal India Limited :

If Coal India Limited has indeed launched a WhatsApp chatbot called "CoalMitra," it would likely be a digital tool designed to provide information, answer queries, and engage with stakeholders related to coal mining, production, and related services. Chatbots are commonly used by organizations to streamline communication and provide quick access to information for users.

To get the most accurate and current information about the "CoalMitra" chatbot and its functionalities, I recommend visiting Coal India Limited's official website or checking recent news sources. Is there anything else I can help you with?

[sarkaariresult]

Coal India Management Trainee Online Form

Coal India Management Trainee Online Form . if you want to apply online or know complete details about this exam and many other exams, now you can SEE HERE

[ofbusinessrawmaterial]

India's Coal Production Soars in January 2023 with Impressive Growth

Discover the key factors driving the impressive 12.94% increase in India's coal production in January 2023, as analyzed by the Ministry of Coal.

[believersiasacademy]

India’s coal mines

#GS-03 Mining, Coal

For Prelims:About Coal in India:

Jharkhand is the largest coal-producing state in India.

The top coal-producing states are Jharkhand, Orissa, Chhattisgarh, West Bengal, Madhya Pradesh, Telangana and Maharashtra.

Coal accounts for approximately 55% of the country’s energy needs.

India is the second largest producer and consumer of coal after China.

Types of Coal:

Anthracite:

Anthracite is the best quality of coal which carries 80 to 95 per cent carbon content.

It ignites slowly with a blue flame and has the highest calorific value.

It is found in small quantity in Jammu and Kashmir.

Bituminous:

Bituminous carries 60 to 80 per cent of carbon content and a low level of moisture content.

It is widely used and has high calorific value.

It is found in Jharkhand, West Bengal, Odisha, Chhattisgarh and Madhya Pradesh.

Lignite:

Lignite is often brown in colour. It carries 40 to 55 per cent carbon content.

It is an intermediate stage which happens during the alteration of woody matter into coal.

It has high moisture content, so it gives smoke when burnt.

It is found in Rajasthan, Lakhimpur (Assam), and Tamil Nadu.

Peat:

Peat has less than 40 per cent carbon content.

It is in the first stage of transformation from wood to coal.

It has low calorific value and burns like wood.

For mains:

Underutilisation of Coal fields:

Global Energy Monitor (GEM), which is a firm that tracks utilisation of the fuel-source internationally has discovered that, on average, India’s coal mines use only two-thirds of the capacity, with some large ones using only 1%.

What this signifies?

This suggests that 99 of India’s coal mine projects, expected to yield 427 million tonnes per annum (MTPA), under development are unnecessary, and opening new coal mines would not contribute to easing short-term supply-crunches.

The cause of underutilisation:

The major causes for the underutilisation of capacity are

competition from renewables,

infrastructure impasses, and

land-use concerns for hindering output.

For more info Click here

[reasonsforhope]

"Winning what’s been called the ‘Green Nobel’ an Indian environmental activist has been recognized for saving a 657 square-mile forest from 21 coal mines.

From the New Delhi train station to high-end hotels to the poorest communities, virtually no one in India is free from periodic blackouts. As part of the Modi regime’s push for a developed and economically dominant India, power generation of every sort is being installed in huge quantities.

GNN has reported this drive has included some of the world’s largest solar energy projects, but it also involves coal. India is one of the largest consumers of coal for electricity generation, and Hasdeo Aranya forests, known as the “Lungs of Chhattisgarh,” are known to harbor large deposits.

The state government had been investigating 21 proposed coal mining blocks across 445,000 acres of biodiverse forests that provide crucial natural resources to the area’s 15,000 indigenous Adivasi people.

Along with the Adivasi, tigers, elephants, sloth bears, leopards, and wolves, along with dozens of endemic bird and reptile species call this forest home. It’s one of India’s largest intact arboreal habitats, but 5.6 billion metric tons of mineable coal threatened to destroy it all.

Enter Alok Shukla, founder of the Save Hasdeo Aranya Resistance Committee, which began a decade ago advocating for the protection of Hasdeo through a variety of media and protest campaigns, including sit-ins, tree-hugging campaigns, advocating for couples to write #savehasdeo on their wedding invitations, and publishing a variety of other social media content.

Shukla also took his message directly to the legislature, reminding them through news media coverage of their obligations to India’s constitution which enshrines protection for tribal people and the environments they require to continue their traditional livelihoods.

Beginning with a proposal to create a single protected area called Lemru elephant reserve within Hasdeo that would protect elephant migration corridors and cancel three of the 21 mining proposals, Shukla and the Adivasi began a 160-mile protest march down a national highway towards the Chhattisgarh state capital of Raipur.

They hadn’t even crossed the halfway mark when news reached them that not only was the elephant reserve idea unanimously agreed upon, but every existing coal mining proposal had been rejected by the state legislature, and all existing licenses would be canceled.

“We had no expectations, but the legislative assembly voted unanimously that all of the coal mines of Hasdeo should be canceled, and the forest should be saved,” Shukla says in recollection to the Goldman Prize media channel.

“That was a very important moment and happy moment for all of us.”

Shukla shares the 2024 Goldman Environmental Prize with 5 other winners, from Brazil, the US, South Africa, Australia, and Spain."

-via Good News Network, May 20, 2024. Video via Goldman Environmental Prize, April 29, 2024.

[westerncarbon]

Types of Anthracite Coal

The different types of anthracite coal, a high-carbon, high-efficiency fossil fuel. Discover the unique characteristics, benefits, and applications of each type, get expert insights on the advantages and disadvantages of anthracite coal, and how it's shaping the future of energy production. Read on to explore the world of anthracite coal.

[photographybyronterner]

1978 Assam India coal mine.

[themorguepoet]

Veera Raja Veera sounds exactly like the vibe I imagine great hindu kings from the golden era of India to have embodied. It just sounds so perfect.

[head-post]

India to increase capacity of coal-fired power plants to avoid blackouts

India plans to build 17 gigawatts of coal-fired power plants in the next 16 months, the fastest pace in years, to prevent outages due to record growth in electricity demand, Reuters reports.

The expansion comes ahead of this week’s UN COP28 climate summit. France and the US are expected to limit funding for coal-fired plants, which India that relies on coal for 73% of its electricity generation, plans to oppose.

India has added an average of 5 gigawatts of coal-fired power plant capacity every year for the past five years, while ramping up renewable energy. However, unless the number of coal-fired power plants is increased, the country will not be able to meet electricity demand, two government officials said on condition of anonymity.

India plans to build nearly 3 gigawatts of coal-fired power plants in the next four months and 14 gigawatts in the next fiscal year starting 1 April 2025, the highest in eight years, internal government documents said.

Read more HERE

[indizombie]

The rich minerals in Adivasi lands are being looted by the government and private companies. The Supreme Court has declared 214 out of the 219 Coal-Blocks in the country illegal and ordered their closure and levied a fine on them for their illegal mining. But the central and state governments have found a way out by re-allotting these illegal mines through auction to make it look legal! A lot of assurances are given that Adivasi land will not be given to industrialists, yet at the same time, mines in Scheduled Areas are being allotted to government and private companies.

'I am not a Silent Spectator', Stan Swamy

[postcard-from-the-past]

Coaling in the Khidirpur dock in Kolkata, India

British vintage postcard

[exportimportdata13]

Indian Coal Exports: A Deep Dive into Market Dynamics and Future Prospects

India's coal sector is poised for substantial growth, with predictions indicating a significant increase in coal exports by 2024. As the world's second-largest producer and consumer of coal, India plays a crucial role in the global energy market. This article delves into the key aspects of Indian coal exports, including production trends, export data, top exporters, and port infrastructure, providing insights crucial for navigating this dynamic sector.

India's Coal Production and Consumption

India's coal industry is a cornerstone of its energy landscape, supplying about 55% of the nation's energy needs. In FY 2022, India extracted 777.31 million metric tons (MT) of coal, with a notable increase in overall production in the subsequent years. In 2022-2023, coal production reached 893.190 MT, marking a 14.77% increase from the previous year. Conversely, lignite production decreased slightly by 5.27% to 44.990 MT.

The major coal-producing states include Jharkhand, Chhattisgarh, Odisha, and Madhya Pradesh. Odisha led with 24.52% of the total coal production in 2022-2023, followed by Jharkhand and Chhattisgarh. For lignite, Tamil Nadu, Gujarat, and Rajasthan are the top producers.

Coal Export Trends

India's coal export landscape is evolving, with notable shipments to neighboring countries. In 2022-2023, India exported 1.163 million MT of coal, showcasing a stable export volume compared to previous years. The primary export destinations are Bangladesh and Nepal, which together accounted for a substantial portion of the exports.

From April to November 2023, India exported 0.78 million MT of coal. Major coal export destinations include:

Nepal: 0.833 MT

Bangladesh: 0.245 MT

Bhutan: 0.053 MT

Other Countries: 0.032 MT

The leading ports facilitating these exports are Bedi Port, Cochin Port, and Ennore Port, among others.

Key Players in the Coal Export Market

India's coal export sector features several prominent players. Top exporters include:

Aarjay Minerals

MMTC Limited

Angelique International Ltd

Deccan Overseas Pvt Ltd

Kowa India Pvt Ltd

These companies are instrumental in driving India's coal export growth, tapping into various international markets.

Comparative Global Coal Export Data

Globally, Indonesia and Australia dominate coal exports, with Indonesia leading with $104.30 billion in coal export value, followed by Australia at $83.30 billion. Other significant exporters include Russia, the USA, and South Africa. India's coal export value, while growing, is still catching up with these leading nations.

Future Outlook

India's coal sector is on a promising trajectory, with significant potential for growth in exports. The global coal market is projected to expand from $1.5 trillion in 2022 to over $2.3 trillion by 2027, driven by coal's role as a major energy source. India's strategic planning, legal compliance, and market insight will be crucial in capitalizing on this growth.

Conclusion

To succeed in the coal export market, Indian exporters must focus on understanding market needs, staying updated with current data, and leveraging logistical efficiencies. Platforms like Exportimportdata.in offer valuable resources, including coal HS codes, export data, and lists of top exporters, to aid businesses in navigating the complex global trade environment.

For the latest coal export data, detailed market insights, and comprehensive export intelligence, explore Exportimportdata.in today. Set up a free live demo to see how our platform can support your business in the competitive coal export sector.