Coal 2023: analysis and forecast to 2026
Latest IEA market report sees lower demand to 2026, based on current policies, but stronger actions are needed to drive a steeper decline towards meeting international climate goals. After reaching an
Fuel Pricing
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Oil cos may get to revise prices daily
Petrol: Stung by the mass protest against the price hike of petrol last May, the UPA government has decided not to pass on the current under-recovery of Rs 3.56 on a litre of petrol to the people. At a
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SC notice to Centre, IGL on PNGRB powers to fix tariff
New Delhi The Supreme Court on Thursday issued notice to Delhi’s gas utility Indraprastha Gas Ltd (IGL) and the Centre on a petition challenging the Delhi High Court judgment that held that petroleum and natural gas regulator PNGRB has no jurisdiction to fix rates or regulate gas tariffs. A bench headed by Justice KS Radhakrishnan sought reply from the ministry of petroleum and natural gas and IGL on PNGRB plea alleging that “the HC failed to note that it had not fixed the maximum retail price but only sought to fix the network tariff and compression tariff charges representing cost of transportation which are completely different. The latter is only one of the many components of the former’’.
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CIL board likely to approve changes in model FSA next week
NEW DELHI: Coal India (CIL) board is likely to meet early next week to approve the model fuel supply agreements ( FSA) for supply of coal to power firms with significant changes, including the penalty
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CIL relents, to pay penalty for short supply
State-run Coal India (CIL) has given in to pressure from the Prime Minister’s Office (PMO) and the coal ministry and on Tuesday agreed to pay up a sizeable penalty if it fails to supply the contracted
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CIL to modify coal supply pacts with power companies
To break the long deadlock by shipping out minimum 80% of the contracted quantum Coal India will modify fuel supply pacts before signing them with power companies to incorporate the changes that have been proposed by its board at this week's meeting, thereby breaking the deadlock over the issue of minimum assured supply of fuel to them. Central Electricity Authority (CEA), in a letter, would inform the Power Ministry about the necessary modifications to be made in the Fuel Supply Agreements (FSAs).
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Nitish gets coal supply for Bihar plant with PM’s help
New Delhi: Bihar chief minister Nitish Kumar managed to get coal linkage for Barauni Thermal power plant crucial for the power-starved state, thanks to an intervention by Prime Minister Manmohan Singh.
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Delhi HC notices to govt, Coal India
TCI questions legality of Presidential directive on fuel supply agreements The high court here has issued notices to state-owned miner Coal India Ltd (CIL) and its largest shareholder, the central government, after admitting a petition filed by the UK-based hedge fund, The Children’s Investment Fund (TCI). While the Union government owns 90 per cent of CIL, TCI owns a little over one per cent in the company.
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India manufacturing growth at 8-month low in July: PMI survey
India's manufacturing activities expanded last month at the slowest pace in eight months, shows the HSBC Purchasing Managers’ Index (PMI). The index fell sharply to 52.9 points in July against 55 points in June. Before that, PMI was lower in November 2011, when it was at 51 points. A reading above 50 points denotes expansion and below that level is contraction. One reason given for low PMI is power outages faced by the manufacturing sector (though their national grid collapses of this week weren’t taken into account).
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Demand for diesel vehicles pushes July sales
Demand for diesel vehicles pushed up sales of the country’s leading auto makers in July amid concerns that the sagging economic growth and high fuel prices and interest rates will continue to pose challenges to auto sales in Asia’s third largest economy. Nine of the industry’s 19 leading automobile manufacturers together grew volumes by 11.8 per cent to 182,822 units in July, compared to 163,572 units sold in the year-ago period. Sales in the passenger vehicle industry grew 9.7 per cent in June this year.
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Take tips from States on food security, Centre told
If the Centre is not yet convinced that it can provide foodgrains to everyone and not just to those who are below the Poverty Line, it can turn to the example of several State governments who have already done so, said Surya Kanta Mishra, Leader of the Opposition in the West Bengal Assembly, here on Wednesday. “We are demanding that everyone must be given 35 kg of rice or wheat at Rs. 2 per kg…. Is it possible to do so? If there are any doubts then the Centre only has to look at the manner in which State after State has continued to provide subsidised foodgrains to the people.