Coal, fossil fuel

The SECL was holding the top position till FY21. Its output, however, dropped to 142.5 mt in FY22, only to be overtaken by MCL with coal production of 168.2 mt

Photo: Bloomberg

Visitors to the park can also avail the opportunity of having a first hand experience of an underground mine

Energy, Power Generation, Electricity, Coal, Thermal Power

Coal India arm MCL is in the process of diversifying into power generation and will set up a coal-based plant entailing an investment of around Rs 12,000 crore in Odisha, its chairman-cum-managing director  O P Singh said.
Mahanadi Coalfields Ltd (MCL) also has plans to diversify into aluminium  business.
"We are into process of diversifying into power generation... The power purchase agreement is in the process of getting finalised with a few states," Singh told reporters here.
The subsidiary has applied to the government for coal linkage for the proposed 1,600-mw coal-fired power plant and the allotment is yet to be done, Singh said.
The government is also advising the company to go for diversification "so they are definitely with us", Singh explained.
Singh further said that MCL has plans to foray into aluminum business and the company is in the process of getting bauxite block allotted to it.
The tentative size of the mine would be three million tonnes per annum.
Bauxite is 

coal

State-owned CIL on Tuesday said that its arm MCL supplied 143.4 million tonnes of coal till December in the current fiscal, the highest among all the subsidiaries of the coal behemoth.
Mahanadi Coalfields Ltd's (MCL) supplies accounted for 28.2 per cent of the total off-take of 507.8 million tonnes from Coal India Ltd (CIL).
"MCL's growth curve has been phenomenal in FY23 in terms of production and supplies, the highest among all our subsidiaries," a senior executive of CIL was quoted as saying in a statement and added "this helped us in pushing up our overall output and off-take".
MCL's coal off-take peaked to 146.12 million tonnes (MTs) on January 5, overtaking the total supplies that the company registered for full year of FY21.
This achievement was attained 85 days before the current financial year comes to an end.
MCL's supplies ending FY21 were 146 MTs.
Against the contracted quantity of 81.5 MT to its customers in the power sector, the actual supply from MCL was 102.7 MT t

The Odisha-based miner dispatched 176.17 mt of coal to its consumers, with a 21 per cent growth over the previous year, MCL chairman-cum-managing director Om Prakash Singh said

The Mahanadi Coalfields Limited (MCL) has crossed 157 million tonne (MT) in coal production in the financial year of 2021-22, to become the leading coal producing company in the country

CIL arm Mahanadi Coalfields Ltd said it has offered 22.5 lakh tonnes of coal to power consumers via the road-cum-rail mode

coal supply, power, energy, mining

The statement assumes significance in the wake of the country's power plants grappling with coal shortages.

coal, mining

MCL, a subsidiary of Coal
India Ltd, on Friday said it has posted a record production of  148.01 million tonne

Coal likely to remain in short supply until 2024: CIL tells govt

MCLincurred production losses due to intermittent work stoppages and unavailability of land for expansion

MCL records highest net profit among all CIL subsidiaries

MCL has contributed 48% to CIL's net profit of Rs 14,000 crore for FY17

Photo: Shutterstock

May miss coal output target this fiscal due to operational bottlenecks

MCL gets green nod for Rs 348 crore coal washery project in Odisha

The company has plans to set up total five coal washeries in the state and aims to contribute 250 million tonnes of coal

mine

To reach the targeted production of 250 million tonne by 2020

MCL becomes number 1 coal producer of India in FY16

MCL's gross turnover in 2015-16 at Rs 19,053.15 crore is 21% higher than previous year

By producing a record 138 mt of dry fuel in the financial year.

The stock of the public sector bank (PSB) touched Rs 51, its highest level since March 2015, on improved operating performance

Indian Overseas Bank, IOB

A corporate presentation notes the "consistent shareholder returns" from more than $11 billion in dividends over the past decade

Vedanta

Stocks to Watch on Wednesday, October 4, 2023: Bajaj Finserv's insurance arm, Bajaj Allianz General Insurance has received a show cause notice alleging a tax demand of Rs 1,010.05 crore

image

The US and Europe are offering 8 to 10 times more subsidies amounting to a massive $650 billion, around 18 per cent of India's gross domestic product

solar power, solar energy, green energy, clean energy

Closing Bell on October 4, 2023: Nestle India, HDFC Bank, HUL, Infosys, and TCS rallied between 0.6 per cent and 3 per cent. Axis Bank was the biggest laggard, down 5 per cent

BSE, NSE, Sensex, Nifty, stock markets

"The American people can breathe a sigh of relief: there will be no government shutdown tonight," Democratic Senate Majority Leader Chuck Schumer said after the vote

Washington

The settlement included most of the creditors involved in funding a 2013 loan to ProIndicus, a state-owned Mozambican company, UBS said

Credit Suisse Group

Sergei Aksyonov, the Russian-backed head of Crimea, which was annexed by Russia in 2014, said there were no casualties. 5 cargo ships head for Ukraine's Black Sea ports

Russia

Akhil Saxena, vice president, operations, APAC, MENA and LATAM and worldwide customer service head, Amazon, is passionate about coaching people

Akhil Saxena

The RoDTEP scheme was introduced in September 2021 for exports made with effect from January 1, 2021

Private sector likely to get limited access to Gati Shakti portal

exports

What the data suggests, however, is that India's numbers are unsustainable. They're driven by debt-fueled household consumption and government investment

Rupee, Indian Rupee, Indian currency

Indri whisky is the first Indian whisky to win this renowned award

whisky

Half of India's population between the age of 30-55 years believes 59 years should be the age of retirement and thirty-two years is when one should ideally start retirement planning,

investment,saving, money, retirement, rupee

The Confederation of All India Traders (CAIT) wrote to Amitabh Bachchan stating that his recent ad for Flipkart spreads misinformation and hurts local businesses

Amitabh Bachchan

Even if generative artificial intelligence has been overhyped, it's safe to assume that ChatGPT-type bots will only get better at routine tasks like writing computer software

jobs, IT jobs, IT industry, AI

The Enforcement Directorate is not expected to be "vindictive" in its conduct and must act with utmost probity and fairness, the Supreme Court has held, and directed the anti-money laundering agency to henceforth furnish the grounds of arrest to the accused in writing "without exception".
In a significant verdict having far-reaching ramifications, the apex court said being a premier investigating agency charged with the onerous responsibility of curbing the debilitating economic offence of money laundering in the country, every action of the ED in the course of such exercise is expected to be "transparent, above board and conforming to pristine standards of fair play in action".
"The ED, mantled with far-reaching powers under the stringent Act of 2002, is not expected to be vindictive in its conduct and must be seen to be acting with utmost probity and with the highest degree of dispassion and fairness," a bench of Justices AS Bopanna and Sanjay Kumar said.
The top court, which set 

Supreme Court (Photo: Wikipedia)

How Hiren Patel, founder Karsanbhai's son, is reinvigorating Nirma by administering a shot of pharma

Nirma

British tech firm Dyson on Wednesday announced its entry into the wearables category in the Indian market, with the launch of noise-cancelling headphones.
The company, known for its vacuum cleaners and air purifiers, has introduced Dyson Zone noise-cancelling headphones equipped with a removable visor, which acts as an air purifier when travelling in polluted urban areas or in public transport, the company said.
It has compressors in each earcup, which draws air through the double-layer filters and passes two streams of purified air to the user's nose and mouth through the non-contact visor, it said.
Its electrostatic filters remove particles as small as 0.1 microns, while activated carbon filters absorb gases such as nitrogen dioxide, as per the company.
Priced at Rs 59,900 and Rs 64,900 -- it is available in two models -- Ultra Blue and Absolute +, the company said.
Some of its key features include up to 50 hours of continuous playback, with ultra-low distortion, advanced noise

The Dyson Zone

The total number of voters in Rajasthan has reached 5.26 crore, of which 2.51 crore are women, the state election department said on Wednesday.
Chief Electoral Officer Praveen Gupta said during a special brief revision program of voter lists in the state, there has been an increase of over 6.96 lakh voters.
Till the date of last publication, over 5.26 crore voters are registered in the state. Of these, over 2.73 crore are men and 2.51 crore are women, he said.
Gupta said under this revision program, a total of 11.78 lakh voters above 80 years and 17,241 voters above 100 years are registered in the final published voter list.
Similarly, a total of 5.61 lakh specially qualified people are registered as voters. These voters registered in the voter list by the Election Commission of India have been provided the option of voting facility through postal ballot in the form of home voting at the time of elections.

Poll, election, lok sabha

The Supreme Court said on Wednesday it will examine whether the immunity granted to lawmakers from prosecution for taking bribe to make a speech or vote in Parliament and state legislatures extends to them even if criminality is attached to their actions, as it began reconsideration of its 1998 judgement in the JMM bribery scandal that rocked the country 25 years ago.
The apex court's 1998 verdict granted MPs and MLAs immunity from prosecution for taking bribes to make a speech or vote in legislature.
At the outset of the day-long proceedings, Solicitor General Tushar Mehta urged the seven-judge constitution bench headed by Chief Justice D Y Chandrachud that the court need not go into the immunity aspect under Article 105 of the Constitution and the controversy, possibly, can be narrowed down in view of the fact that the offence of bribery is complete when a bribe is given and accepted by the lawmaker, something which can be tackled under the Prevention of Corruption Act.
Article ..

Raise coverage under food security Act: Supreme Court tells Centre

MCL

MCL beats Chhattisgarh-based SECL in coal production for second year

Mahanadi Coalfields sets up eco-park over closed underground mine in Odisha

Coal India arm MCL to set up Rs 12,000-crore power plant in Odisha

MCL supplied 143.4 million tonnes of coal till Dec this current fiscal: CIL

Coal India subsidiary MCL posts record 168 mt production in FY'22

Mahanadi Coalfields Limited becomes largest coal producing company in India

MCL offers 2.25 mn tonne coal to power consumers via road-cum-rail mode

Coal India arm MCL dispatches over 5.47 lakh tonnes of dry fuel

Coal India arm MCL registers record production, dispatch in FY21

MCL to regain momentum after production loss of 24 million tonnes

MCL records highest net profit among all CIL subsidiaries

MCL lines up Rs 20,000 crore investments for power, coal, infra development

MCL gets green nod for Rs 348 crore coal washery project in Odisha

MCL may open two greenfield mines by 2018

MCL contribution to state exchequer may touch Rs 4,000 crore by 2020

MCL becomes number 1 coal producer of India in FY16