News

China's April coal imports drop on high stocks, weak

TThe world's top coal consumer brought in 40.68 million tonnes of the fossil fuel last month, down from 41.17 million tonnes in March, according to data from the General Administration of Customs.

NLC India board approves raising up to Rs 5,000 crore via bonds

The company's board has also approved a proposal for incorporation of a wholly-owned subsidiary company to take over the existing renewable assets.

India coal imports surge to 162 MT in FY23; inbound coking coal shipment grows to 54 MT

In March alone, the non-coking coal import stood at 13.88 MT against 12.61 MT in the same month last year. Coking coal imports were 3.96 MT against 4.76 MT imported in March 2022.

ED seizes Rs 360 crore worth of fixed deposits of Chettinad Group company

Ten locations were raided by the federal probe agency on April 24 in connection with a money laundering investigation linked to alleged.

Coal to dominate India power mix despite record renewables push

“Availability of affordable and reliable electricity is a key factor in sustainable growth of the country,” Ghanshyam Prasad, the authority’s chairperson, said in a report.

Opinion: India's pledge to stop new coal power plants to hit key states

The new draft policy, which still has to be approved by the federal cabinet, would signify more aggressive climate targets by the world's fifth-largest economy, and would leave China as the only major nation openly adding new coal capacity.

China's coal imports drop in Apr'23 on low demand

China's total coal imports for Apr'23 recorded at 40.68 mnt, down as against 41.17 mnt in Mar'23. The imports have fallen from a 15-month high in Mar'23. Imports for the month have dropped due to weak power demand, high inventories and falling domestic prices. In CY'23, total imports increased by 89% y-o-y to 142.48 mnt.

Colombia's thermal coal exports fall by 31% in Apr'23

Colombia's thermal coal exports dropped by 31% m-o-m to 3.15 mnt in Apr'23 compared to 4.58 mnt in Mar'23. The Netherlands stood as the largest importer at 0.47 mnt (down 6% m-o-m) followed by South Korea at 0.29 mnt and Turkey at 0.18 mnt. Shipments to India and Germany remained nil in the month under review. However, South Africa recorded a significant rise in imports at 0.31 mnt in Apr'23.