The country’s coal imports registered a drop of 29.7% to 48.84 million tonnes (MT) in the April-June period of the ongoing financial year, according to industry data. India had imported 69.54 MT of coal in the April-June period of 2019-20, according to provisional compilation by mjunction.
According to ICRA, India’s domestic solar capacity is expected to add about 5.5 gigawatt (GW) during the financial year 2020-21 due to the execution headwinds amid lockdown restrictions post-COVID pandemic. The ratings agency said that the domestic solar capacity addition in FY20 remained lower by 15% than its previous estimate of about 7.5 GW as a result of various disruptions caused by the pandemic in the fourth quarter in the fiscal year.
Power demand slump has narrowed to 2.6% in the beginning of July from 9.6% in June, showing improvement in commercial and industrial activities in the country. The peak power demand had declined by about 25% in April and 8.82% in May this year due to lower commercial and industrial demand during the COVID-19 induced lockdown. Experts have expressed hope that power demand would reach normal levels by August this year.
The auction process of commercial coal mining witnessed a “very good start” and the response has been the best in domestic coal history, Coal Minister Pralhad Joshi said. A total of 1,140 entities, including international players, participated in the technical session after the launch of sale of blocks, and 26 companies bought tender documents and 10 firms – domestic and foreign – evinced interest in the visit of mines, he added.
As directed by the Railway Board, a Business Development Unit (BDU) has been formed in Southern Railway to increase focus on freight business. Similar units at the divisional levels are also being set up.