Country's coal imports have declined 5 percent in the first two months of 2016-17 and the number is expected to reach 160.16 million tonnes in the ongoing fiscal, Parliament was informed today. "The trend of fall in import of coal has continued in 2016-17 wherein for the period April-May 2016-17, coal imports have reduced by around 5 percent as compared to the corresponding period of the previous year. "Import of coal is projected for the year 2016-17 by Niti Aayog is 160.16 million tonnes," Power and Coal Minister Piyush Goyal informed Rajya Sabha. On account of increased production by Coal India (CIL), which produces around 80 percent of coal in the country, the import of fossil fuel has fallen from 217.78 million tonnes in 2014-15 to 199.88 million tonnes in 2015-16. CIL has undertaken a mix of strategies for narrowing the domestic demand-supply gap that address short to medium-term imperatives and also technological and human resource related issues, the minister said. Coal India has envisaged to produce one billion tonne of coal in 2019-20 from the level of production of 538.75 million tonnes in 2015-16. For evacuation of such huge coal to destination, CIL has planned for construction of three major railway infrastructure projects to be executed by Indian Railways in growing coalfields of Jharkhand, Odisha and Chhattisgarh. Positivity of such steps have already manifested themselves in decline in imports in 2015-16: . For evacuation of such huge coal to destination, CIL has planned for construction of three major railway infrastructure projects to be executed by Indian Railways in growing coalfields of Jharkhand, Odisha and Chhattisgarh. Positivity of such steps have already manifested themselves in decline in imports in 2015-16 (since 2014-15), Goyal said. In a separate reply, the minister said that up to June, the supply of coal to the power plants was at 142 million tonnes.
Monday, 18 July 2016
Home »
» Coal imports likely to decline to 160 MT in FY'17-:- Equity Research
Coal imports likely to decline to 160 MT in FY'17-:- Equity Research
03:45
Related Posts:
Govt pitches for farm mechanisation to boost farmers income -:- Equity Research Aiming to double farmers' income in the next five years, Agriculture Minister Radha Mohan Singh said farm mechanisation will bring down the cost of cultivation by up to 25 percent and raise production by 20 percent. He … Read More
Maruti firm on double digit growth target in FY'17-:- Equity Research Maruti Suzuki India Ltd (MSIL) on July 8 said its double digit growth target remains on track for the current fiscal despite production losses of 30,000 units in June owing to fire in one of its key vendor facilities … Read More
In a relief to Lupin, US FDA closes 9 inspections made last year -:- Equity Research In a partial relief to Lupin, the pharma major has received an Establishment Inspection Report (EIR) from the US drug regulator which states that the inspection conducted in July 2015 at Lupin’s Goa facility has been cl… Read More
ONGC Videsh eyes additional 11% stake in Vankor field -:- Equity Research ONGC Videsh, alongwith with other public sector oil companies, has entered into an agreement to buy 49.5 percent stake in Russian oil firm Rosneft’s Vankorneft. The company has closed a deal to acquire 15 percent stake,… Read More
Rural India can thank good monsoon for its recovery -:- Equity Research S Krishna Kumar, CIO-Equity at Sundaram Mutual Fund, in an interview to CNBC-TV18 said that post Brexit, the tactical shift in the portfolios of many asset managers has moved towards rural India, adding that the governm… Read More
0 comments:
Post a Comment