Govt Enforces ‘Melt and Pour’ Rule for All Steel in Public Projects Nippon Steel expected to finalize U.S. Steel acquisition at $55 per share NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
The government declared that despite a rise in electricity demand, coal stocks at thermal power plants remain at over 45 million tonnes (MT), which is 30% greater than they were a year ago and enough to last for 19 days.
In thermal power plants, the average daily depletion of coal stock during the past month (May) has been 10,000 tonnes. The government linked the availability of sufficient stock to the proper logistical procedures for coal supply. Over 8% more coal has been produced this year than last.
According to the government, there was more than 100 MT of coal stored at the coal mine pit-head, providing enough coal for the electricity industry. Increase in the number of rakes and evacuation through coastal shipping have also been supportive. Earlier, shipping of domestic coal was only through Paradip port.
However, as per the coal logistics policy, the fuel is also being evacuated through the Dhamra and Gangavaran ports in the eastern coast of the country. The infrastructural augmentation in the railway network has significantly contributed in faster movement of rakes from Son Nagar to Dadri, which has led to more than 100% improvement in turnaround time, the government said.
The coal ministry is prepared for meeting coal supply to thermal Power Plants in the monsoon season as well. The government expects to start July with more than 42 million tonnes of coal with thermal power Plants.
Also Read : Global oil demand to grow by 1.9 Mn bpd in 2024 Crude oil futures fall despite Iran's attack on Israel
Kirloskar Ferrous Industries Ltd, castings and pig iron manufacturers in India, declared the commiss...
Mid Corporate 02-Apr-2024
Prime Minister Narendra Modi to inaugurate and lay the foundation stone for 112 National Highway pro...
Construction 11-Mar-2024
Metalogic PMS, India’s leading Metals & Mining intelligence firm, successfully hosted the...
Defence 01-Aug-2024
According to the sources, Adani Group unit in charge of significant Australian coal port has obtaine...
Large Corporate 14-Jun-2024
Oil prices were steady on Monday following sharp falls last week, after Washington pledged to launch...
Oil & Gas 05-Feb-2024
India's steel trade deficit decreased to ₹10,411 crore from April to February, a 10% decrease from t...
Ferrous 28-Mar-2024