Tag Archives: Coal

UK and Canada lead global alliance against coal

The UK and Canada have launched a global alliance of 20 countries committed to phasing out coal for energy production. Members including France, Finland and Mexico, say they will end the use of coal before 2030. Ministers hope to have 50 countries signed up by the time of the next major UN conference in Poland next year. However some important ... Read More »

High Imported Coal Price May Hit Power Sector: Report

New Delhi: The rise in imported coal prices is likely to have a negative impact on the power sector value chain as higher rates create “volume and profitability pressures” on discoms that are not able to pass on fuel cost increase to end-consumers due to “political intervention”. “The 60 per cent rise in imported coal prices between April-October 2016 is ... Read More »

Coal India Slips As Buyback Offer Disappoints Market

Shares of Coal India fell as much as 2.36 per cent to hit intraday low of Rs. 313.30 after the state-run miner’s buyback offer disappointed the Street. Coal India aftermarket hours yesterday had announced that its board has approved share buyback of 1.72 per cent of shares at a price of Rs. 335 per share. The proposed buyback will cost ... Read More »