Northern Coalfields Ltd (NCL), is on track to meet its production and despatch target of 106.25 million tonne each in the current fiscal, an official said. The company has hit 100-million-tonne mark for coal production and despatch each for the current fiscal.
Going by the production and despatch figures, it is expected that the company will achieve targets on or before time, the official said. This comes at a time when Coal India is not expected to meet its 660 million tonne production target for 2019-20 fiscal.
Coal India is upgrading transport facilities at mines as part of efforts to meet its target of producing 1 billion tonnes by 2024.
It has hired Indian Port Rail Corp. (IPRCL) to build rail infrastructure, construct more sidings and improve connectivity with Indian Railways’ main network. The two companies signed a memorandum of understanding on March 5, 2024.
Global carbon dioxide (CO2) emissions from the power sector fell by 2% last year, the biggest fall since at least 1990, owing to reduced coal usage in Europe and the United States, a study showed.
Overall, the decline in coal use last year and shift towards renewables was helped by factors such as cheap gas, nuclear plant restarts in Japan and South Korea and slowing electricity demand, the report said.
Coal India has not commenced supplies from the auction for power companies with electricity sale agreements held last June although the Centre has initiated the process for the next auction.
A Coal India executive said only one of the companies that won the auction had submitted the necessary documents. Industry executives blamed regulatory and procedural delays, which are hurting the already stressed power producers.
Keeping an eye on prevailing conditions HimanshVerma, Chairman of Navrattan Group is soon launching the Green Cement in Indian Markets. This product will be a green development for the construction industry. The Navrattan Green Crete is an advancement that is a productive option to OPC. Green Crete beats all the impediments of Portland concrete.
Navrattan Group has consistently worked for sparing nature and giving better technologies for industries around the world.
India imported solar cells and modules worth $1,179.89 million from China in the first nine months April to December period of the current financial year (2019-20), R Energy Minister Mr R K Singh said. The solar panels or modules imported from China are generally cheaper than those produced by domestic manufacturers, he added.