COAL
Assam to address flood causes after relief, rehab
Assam faces catastrophic floods in less prone districts, impacting many people. Congress blames illegal mining and syndicates for this man-made tragedy. The Assam government prioritizes relief and will discuss causes later. Discussions on accountability with Nagaland are deemed inappropriate at this stage. The current flood wave has claimed 82 lives across the state.
Coal India's July production up 8.4% to 50.36 MT, supplies hit record high
The coal supplied in July marks the highest-ever coal offtake for the month in any financial year. The previous highest July supply was 60.5 million tonnes in 2024. This follows a record performance in June, when the state-run miner supplied 65.95 million tonnes of coal, its highest-ever supply for June.
India's record renewable generation in July cuts coal's share in power mix to 1-year low
India's coal power generation fell to its lowest point in a year during July. Renewable energy sources reached a record high, contributing twenty percent to the nation's power mix. Solar and wind output exceeded one hundred gigawatts for the first time in history. Hydropower generation declined due to lower rainfall caused by El Nino patterns. Increased demand and reduced hydro output may drive a surge in coal-fired power generation.
Vedanta Aluminium’s profit surges three-fold in June quarter on record revenue
Vedanta Aluminium Metal reported a threefold profit increase in the June quarter. The company announced an interim dividend of Rs 8 per share for shareholders. Consolidated revenue climbed 45% to an all-time high of Rs 21,105 crore. Earnings before interest, tax, depreciation, and amortisation more than doubled to Rs 10,499 crore. Aluminium production reached an all-time high of 632,000 tonnes last quarter.
No plan to change law to implement CAG recommendations: Government
In a written reply, Law Minister Arjun Ram Meghwal also said measures have been taken to improve legal compliance and accountability regarding the audit findings of the principal auditor.
Loan growth remains strong, shows latest RBI sectoral data
Banking credit to industries showed robust growth, increasing 19.2 percent year on year. Personal loan growth also remained strong, rising 16 percent compared to last year. Medium enterprises experienced the fastest credit growth, surging 30 percent year on year. Petroleum, coal products, and gems and jewellery sectors saw significant expansion. Loan against gold jewellery emerged as the fastest growing personal loan segment.
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India doubles down on strategic manufacturing--from semiconductors to hydrogen trains: Finmin Report
India is accelerating a broad-based industrial strategy that spans semiconductors, electronics, commercial space, green mobility, rare earths, shipbuilding and coal gasification, signalling a coordinated push to reduce import dependence, strengthen domestic manufacturing and build resilient supply chains amid an increasingly uncertain global environment.
Coal mine blast in Pakistan kills at least 32 miners, traps 10 others
An explosion in a coal mine near Quetta killed at least thirty-two miners. Ten miners remain trapped underground in life-threatening conditions as rescuers search. The blast was apparently triggered by a buildup of methane gas in the mine. Authorities are investigating the cause and reviewing mining safety measures. Compensation will be provided to the families of the deceased miners.
In 1985, US generated over six times more electricity than China. By 2025, Dragon was producing more power than US, EU & India combined
China now generates more electricity than the United States and the European Union combined, marking a dramatic shift after decades of rapid industrialisation and economic growth. Despite massive investments in renewable energy, coal remains the country's largest source of electricity. At the same time, China is expanding its renewable and nuclear power capacity at an unprecedented pace.
Coal India Ltd to fire up capex with ₹68,000 cr spend
Coal India plans a significant capital expenditure of ₹68,000 crore over four fiscal years. These investments will focus on capacity expansion and strengthening mining infrastructure. A substantial portion is allocated for land acquisition and resettlement activities. The company will also invest heavily in coal evacuation systems and solar projects. This strategic outlay aims to enhance operational efficiency and diversification.
SC accepts CBI's clean chit to former PM Manmohan Singh
The Supreme Court accepted the CBI's decision to close the coal block allocation case. A bench quashed a special court's order summoning former Prime Minister Manmohan Singh. The court found no compelling reason for the trial court to reject the closure report. The bench allowed Singh's appeal challenging the summons issued in 2015. The matter was closed on merits after accepting the CBI's closure reports.
PM owes nation apology: Congress after Supreme Court clears Manmohan Singh in coal 'scam' case
The Supreme Court closed the criminal case against Singh by setting aside a summoning order passed against him. The veteran Congress leader, who passed away on December 27, 2024, now stands formally acquitted in the high-profile criminal case.
SC closes criminal case against former PM Manmohan Singh in coal block allocation case
The Supreme Court has closed a criminal case against former Prime Minister Manmohan Singh. This decision follows the acceptance of a closure report filed by the CBI. The court found no reason for the trial court judge to reject the CBI's findings. Industrialist Kumar Mangalam Birla and ex-coal secretary P C Parakh were also involved.
NTPC eyes Rs 17 trillion capex to nearly triple capacity by FY37
India's NTPC plans a 17 trillion rupee investment through fiscal 2037. The company aims to nearly triple its generation capacity by 2037. Renewable energy will be the primary driver of future capacity growth. NTPC also targets substantial nuclear power capacity by 2047. This expansion supports India's long-term energy security strategy.
Coal India's Q1 capex rises by 16.64% to Rs 3,399 crore
Coal India's capital expenditure rose sixteen point six four percent to three thousand three hundred ninety-nine crore rupees. Land acquisition and resettlement activities accounted for nearly one-fourth of the total expenditure during the quarter. The company also invested significantly in strengthening its coal evacuation infrastructure and plant machinery. Diversification into clean energy saw investments in solar projects and joint ventures.
Asia's thermal coal imports continue to rebound, except for India
Asia's thermal coal imports are expected to rise for a third straight month in July, driven by stronger demand from China, Japan and South Korea during peak summer, Reuters reported. India is the exception, with imports projected to hit an 11-month low as higher coal prices discourage purchases despite record electricity demand and lower stockpiles.
Coal India shares fall 2% after Q1 results. What are Jefferies, other brokerages saying?
Coal India shares fell after the state-run miner reported a marginal 1% year-on-year rise in Q1 FY27 consolidated net profit to Rs 8,852 crore, while profit declined over 18% sequentially. Despite the muted earnings, Jefferies maintained a Buy rating with a target price of Rs 500, citing expected recovery in power demand, improving earnings growth, and attractive valuations.
Stocks in news: HDFC Bank, BEL, Coal India, Adani Energy, Tata Power
Indian stock markets rebounded strongly on Monday, driven by easing global tensions. HDFC Bank concluded an internal review, while Bank of Baroda reported a data breach incident. Bharat Electronics and Coal India announced their quarterly financial results. Adani Energy Solutions launched a qualified institutional placement to raise funds. Tata Power also reported its first-quarter financial performance for FY27.
Coal India Q1 Results: Net profit rises marginally to Rs 8,852 crore; PSU announces Rs 5.5 interim dividend
Coal India Q1 Results: Coal India on Monday reported a consolidated net profit of Rs 8,852 crore for the first quarter of the ongoing financial year 2027, a less-than 1% year-on-year (YoY) rise from Rs 8,797 crore reported in the year-ago period.
India needs 86 GW additional thermal power by FY36, 64 GW under works: Govt
India requires 86,440 MW of new thermal power capacity by 2035-36. Over 63,000 MW of this capacity is currently under implementation. Transmission infrastructure development is also progressing to meet growing electricity demand. The nation's total installed generation capacity has reached 548.86 GW as of June 2026. India has transformed from a power deficit to a power sufficient nation.
Q1 Results today: Coal India, Tata Power, BEL, Coforge, among 68 companies to announce earnings
The Q1 FY27 earnings season gathers pace on Monday, with 68 companies set to announce their April-June quarter results. Key names on the radar include Coal India, Tata Power, Bharat Electronics, Godfrey Phillips, Coforge and Canara Bank. Investors will also track earnings from Indus Towers, Tata Chemicals, HUDCO, Happiest Minds Technologies and several other companies across sectors.
Caliber Mining and Logistics shares list at 19% premium over IPO price on BSE
Caliber Mining & Logistics shares debuted nearly 19% above their IPO price on Friday, beating grey market expectations. The Rs 450 crore issue was subscribed 156.63 times, driven by strong demand across investor categories. The company plans to use the IPO proceeds to reduce debt, fund expansion, and strengthen operations.
Coal remains backbone of India's power supply despite renewable push, govt tells Parliament
Coal plants supplied nearly seventy percent of India's electricity during summer months. These plants generated seventy-five percent of total power during evening peak demand hours. Government encourages energy efficiency measures and consumption pattern changes to manage rising demand. Peak electricity demand increased twelve percent due to El Nino conditions this year. India's energy shortage declined to zero percent, showing improved supply adequacy.
Bharat Coking Coal shares crash 8% after Coal India arm posts Rs 68 crore Q1 net loss
Bharat Coking Coal shares plunged over 8% on Wednesday. The company reported a net loss of Rs 68 crore for the April-June quarter. Revenue from operations rose 4% year-on-year to Rs 3,587 crore. Total expenses increased 5% while EBITDA dropped significantly. Production and offtake output missed targets, impacting profitability.
India's steel ambitions face a coal reality check
India faces challenges securing metallurgical coal for its expanding steel sector. Australia's declining exports create a significant supply gap for India's needs. India is diversifying import sources and increasing domestic supply for steel production. The nation is also exploring scrap steel and green hydrogen for manufacturing. This strategic shift enhances steel sector resilience and energy security for India.
Coal India subsidiary CMPDI shares climb 7% after Q1FY27 profit surges 54% YoY
CMPDI shares jumped nearly 7% after the Coal India subsidiary reported strong Q1FY27 results, with revenue rising 18% and net profit surging 54% year-on-year. Robust operational growth and the announcement of a Rs 1.05-per-share interim dividend further lifted investor sentiment.
China's world-leading renewable megabases rely on coal-heavy transmission
China builds more wind and solar power than the world combined. Inadequate transmission links and coal reliance limit renewable energy use. Green power from the north needs ultra-high voltage lines to reach eastern cities. Significant outbound transmission capacity is required by the year 2030. Energy storage should back up renewables instead of coal power.
Govt sees good response to pre-application conference for Rs 37,500-cr coal gasification scheme
The government on Monday held a pre-application conference for its ₹37,500 crore scheme to promote surface coal gasification projects, drawing strong interest from public sector firms, private companies, technology providers and prospective applicants. Officials clarified eligibility criteria, financial incentives and the application process under the scheme.
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