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Coal inventories at Indian power plants fell to around 8.1 million tons at the end of September, about 76% less than a year earlier, according to government data. Average spot power prices at the Indian Energy Exchange Ltd. jumped more than 63% in September to 4.4 rupees ($0.06) a kilowatt hour.
Buyer is interested to receive quotations for the following RFQ - Product Name: Steam Coal Specifications : This Type Of Coal Is Commonly Utilized In Power Plants, Paper Mills, Chemicals & Dyes Industries, Process Houses, Coal Screening Plants, Gasifier Plants, And Other Industries Quantity Required : MOQ Shipping Terms : FOB Or CIF Destination Port : India Payment …
With the depiction of supply tightness in the global market in the upcoming period Indian producers have raised their offers in the market. Domestic prices for Ferro Chrome in India is assessed to be in the range of INR 74,000/MT to INR 75,000/MT. Export prices for CNF South Korea (10-50mm, HC 60%) is 86 cents/lb, for CNF Japan (10-50mm, HC 60% ...
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CHENNAI: Operations of paper mills in the country are getting severely impacted due to lower coal allocation by Coal India and its subsidiaries and …
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India's secondary steelmakers are either planning to pass on the high cost of metallurgical coking coal to their customers or cutting down production as the price of coal is at an all-time high amid a global supply crunch. "Our cost of production has gone up by around Rs 20,000 a tonne in the past six months due to high coking coal prices. We are in talks with our …
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The shortage of coal -- which makes up around 70% of India's electricity mix -- is forcing generators and some industrial users to buy electricity at the power exchange. Spot prices on the Indian Energy Exchange Ltd. have more than tripled over the past two weeks, reaching 16.42 rupees a kilowatt hour on Monday.
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History of India's coal. India has a long history of commercial coal mining, It started off during the East India Company days when British found coal in the Raniganj Coalfield along the river Damodar. At the time the demand was not that high, but it grew with the introduction of steam locomotives in 1853.
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Faced with a mounting shortage in domestic coal supplies, soaring prices and risks to electricity generation can lead to production cuts by steel producers and increases in prices of finished steel, SteelOrbis has learned from industry circles in India. "Secondary steel mills and standalone sponge iron producers may have to face production ...
Benchmark thermal coal prices have more than doubled since the start of the year to more than $200 a ton with sharp increases in the last few weeks due to a global squeeze on supply, he said. Indian steel mills that use domestic coal are also facing higher rates, and paying more than four times the normal cost, according to Jindal Steel & Power ...
The power generated from the project will be sold to Gujarat Urja Vikas Nigam under a power purchase agreement. The power will be sold at the rate of $0.03kWh for a period of 25 years, starting from 2022. The capacity to be procured is 100MW. About Coal India. Coal India Ltd (CIL) is a government owned coal mining company.