India introduced 11.4 gigawatts (GW) of entirely new coal proposals in 2023, which is more than the newly proposed capacity in any year in the country since 2016, according to a new report from Global Energy Monitor (GEM)."After what appeared to be a promising year for the beginning to phase down India’s coal power dependence in 2022, the lack of retirement planning paired with new coal capacity...

Adani Power shares slip on fresh litigation over coal transport cost, Adani Power stock has surged about 220 percent from its 52-week lows at Rs 166.25 hit in March 2023. Year-to-date, the stock has risen nearly 1 percent, underperforming benchmark Nifty 50 marginally.Shares of Adani Power edged lower on March 26 after the company announced the disclosure of a new litigation matter. The Maharashtr...

JSW Steel mulling LPG gas usage in Gujarat plant amid emission goals, LPG is considered a better alternative to coal because it has a higher calorific value and does not produce smoke while being burnt.After Tata Steel, JSW Steel has emerged as the new player to evaluate using liquified petroleum gas (LPG) to reduce its carbon emissions, pivoting away from coal, which has a higher emission intensi...

India's coal import rose 27% in December, The coal ministry is aiming for zero thermal coal import by FY26. The country's coal import was 18.35 MT in the corresponding month of the previous fiscal, according to data compiled by Mjunction Services Ltd.India's coal import registered a rise of 27.2 percent to 23.35 Million tonnes (MT) in December, over the corresponding month of the previous fiscal.T...

The government on Wednesday said that it has set a coal production target of more than one billion tonnes (BT) for the next financial year.Of the said target, state-owned CIL has been given the task to produce 780 MT of coal, followed by 75 MT for Singareni Collieries Company Ltd (SCCL) and 162 MT for captive and commercial mines.“The ministry of coal targets to produce more than one billion ton...