According to an official, additional secretary, coal, M Nagaraju this week reviewed the coal production targets for FY25. Representatives of 74 coal mines were present in the review meeting ..read more

India's energy dilemma at Tuticorin plant showcases the struggle to shift from coal to renewables. Despite global pressure, the country leans on coal, hindering efforts to reduce greenhouse gas emissions and ensure reliable electricity for its growing population ..read more

The company, with this acquisition, is set to expand its total cement capacity to 78.9 MTPA. The unit, spread over 61 acres near the strategic Tuticorin Port, comes with a long-term fly ash agreement, enhancing the company's footprint in the southern states of Tamil Nadu and Kerala ..read more

The funds will enable Ambuja Cements to expand its annual production capacity to 140 million tonnes by 2028 ..read more

"CIL achieved 120 per cent target satisfaction over the year's capex target of Rs 16,500 crore. For the fourth fiscal on sequence CIL's capex breached the budgeted target," the PSU said ..read more

The coal ministry will auction coal mines by May 10 to boost domestic production, reduce imports, and encourage imported coal-based power plants to switch to domestic fuel, aiming for zero thermal coal imports ..read more

Regarding the coking coal shortage, the management says that amidst severe disruptions stemming from the agitation by workers at Adani Gangavaram Port Limited (AGPL), which has totally disrupted coal supply, posing a formidable challenge to the plant's production. However, undeterred by the obstacles, the steel plant’s management has launched a comprehensive strategy to mitigate the impact of the disruptions and uphold operational continuity, according to a press note issued by the plant management ..read more

Many assets in Russia have changed hands in the last two years and scores of foreign companies left Russia following its invasion of Ukraine that began in February 2022 ..read more

India's largest alloy manufacturer, JSW Steel, has raised USD 900 million from a consortium of eight foreign banks to refinance debt maturing this month and pre-pay high-cost borrowings. The loan was priced 180 basis points above the international secured overnight financing rate (SOFR). The consortium of banks includes Singapore's DBS Bank, France's BNP Paribas, UK-based HSBC and Standard Chartered, UAE's Mashreq Bank and First Abu Dhabi Bank, Japan's Sumitomo Mitsui Banking Corp (SMBC) and Taiwan's CTBC Bank ..read more

The other two top emitters during 2016-22 period are state-owned oil firm Saudi Aramco and Russia's state-owned energy giant Gazprom ..read more