coal prices

India urgently needs power tariff increase, says ex-secretary


August 30th, 2012 - 4:54 pm ICT by IANS
New Delhi, August 30 (IANS) India needs graded doses of power tariff increase to ensure the sustainability of distribution companies, a senior power expert said here Thursday.Addressing the conference "Ensuring ... Read more...

Posted in Business |

Australian capital expenditure goes up


August 30th, 2012 - 1:32 pm ICT by IANS
Sydney, Aug 30 (IANS) The rise in capital expenditure (capex) in the June quarter suggests that the mining boom in Australia will continue for the next few years, economists said ... Read more...

Posted in Business |

S&P; lowers Tata Power outlook to ‘negative’


July 9th, 2012 - 5:32 pm ICT by IANS
New Delhi, July 9 (IANS) Global ratings agency Standard & Poor's (S&P;) Monday said it has lowered its outlook on Tata Power to "negative" from "stable" and might cut the ... Read more...

Posted in Business |

Chinese coal demand to drop in Q2


April 9th, 2012 - 9:31 am ICT by IANS
Beijing, April 9 (IANS) Demand for coal in China will drop during the second quarter of the current fiscal year, an expert said.Supply and demand will continue to be balanced ... Read more...

Posted in Business |

Modi asks PM to withdraw freight rate hike


March 7th, 2012 - 11:05 pm ICT by IANS
New Delhi, March 7 (IANS) Objecting to the hike in freight rates ahead of the railway budget March 14, Gujarat Chief Minister Narendra Modi Wednesday wrote to Prime Minister ... Read more...

Posted in Business |

Coal India rolls back recent price hike


January 31st, 2012 - 8:21 pm ICT by IANS
New Delhi, Jan 31 (IANS) Following opposition from several users, state-owned Coal India (CIL) Tuesday decided to roll back the prices of the commodity it hiked earlier this month.CIL ... Read more...

Posted in Business |

Consumer body for rollback of new coal pricing


January 19th, 2012 - 9:07 pm ICT by IANS
Kolkata, Jan 19 (IANS) Describing public sector Coal India Ltd's (CIL) new pricing policy as arbitrary and harmful to industrial growth, the Coal Consumers Association of India (CCAI) Thursday demanded ... Read more...

Posted in Business |

Private power producers apprise government of their woes


January 18th, 2012 - 8:01 pm ICT by IANS
New Delhi, Jan 18 (IANS) Private power producers Wednesday sought the government's intervention in ensuring smooth fuel supply for their plants.In a day-long exercise to apprise the government of ... Read more...

Posted in Business |

PM will decide petrol price issue: Pranab


November 8th, 2011 - 3:53 pm ICT by IANS
Kolkata, Nov 8 (IANS) Prime Minister Manmohan Singh will decide on the issue of petrol prices after discussing the matter Tuesday with MPs of United Progressive Alliance (UPA) partner ... Read more...

Posted in Politics |

Mamata was in cabinet when petrol decontrolled: CPI-M


November 8th, 2011 - 12:04 am ICT by IANS
Kolkata, Nov 7 (IANS) Terming the Trinamool Congress protests against the petrol price hike as "doublespeak", West Bengal's Left Front major Communist Party of India-Marxist (CPI-M) Monday noted that ... Read more...

Posted in Uncategorized |

Trinamool MPs to meet PM Tuesday over petrol prices


November 7th, 2011 - 8:56 pm ICT by IANS
New Delhi/Kolkata, Nov 7 (IANS) After threatening to pull out of the Congress-led United Progressive Alliance (UPA) over the recent hike in petrol prices, a delegation of Trinamool Congress ... Read more...

Posted in Politics |

Trinamool wants to dump UPA, awaits PM’s return


November 4th, 2011 - 8:15 pm ICT by IANS
Kolkata, Nov 4 (IANS) Giving a virtual ultimatum, the Trinamool Congress Friday threatened to quit the UPA against "repeated unilateral decisions" to raise fuel and coal prices but its ... Read more...

Posted in Uncategorized |

China to face power crisis this winter


September 30th, 2011 - 2:03 pm ICT by IANS
Beijing, Sep 30 (IANS) China may face a power crisis this winter because of a demand spike, stoppage of power generation in some plants and uncertain weather conditions, officials said.Some ... Read more...

Posted in World |

Plan panel’s coal import projection could push prices


September 24th, 2011 - 10:10 pm ICT by IANS
Kolkata, Sep 24 (IANS) The Planning Commission's projection of importing 250 million tonnes of coal in the 12th Five Year Plan to meet the domestic demand-supply gap could further increase ... Read more...

Posted in Business |

Kolkata power firm may hike tariff


August 9th, 2011 - 9:01 pm ICT by IANS
Kolkata, Aug 9 (IANS) The RP-Sanjiv Goenka Group-owned city power utility company CESC may hike its tariff if the price of coal increases, said a company official Tuesday."If the prices ... Read more...

Posted in Business |

Sponge iron units demand rollback of coal price hike


May 5th, 2011 - 11:58 pm ICT by IANS
Kolkata, May 5 (IANS) Criticising state-run Coal India Limited (CIL) for "arbitrarily" raising coal prices, the West Bengal Sponge Iron Manufacturing Association (WBSIMA) Thursday demanded a rollback of the hike ... Read more...

Posted in Business |

Calcutta power utility earns Rs.4,000 crore in FY11


April 29th, 2011 - 6:12 pm ICT by IANS
Kolkata, April 29 (IANS) The gross revenue of power utility Calcutta Electric Supply Corporation (CESC) Limited has crossed Rs.4,000 crore ($9 million) during FY11, its vice-chairman Sanjiv Goenka said Friday."CESC's ... Read more...

Posted in Business |

Coal consumers body demands price roll back


April 19th, 2011 - 11:14 pm ICT by IANS
Kolkata, April 19 (IANS) The Coal Consumers' Association of India (CCAI) Tuesday said the recent price hike in coal by Coal India Limited would hit major sectors of the economy, ... Read more...

Posted in Uncategorized |

India’s inflation overshoots official target (Lead)


April 15th, 2011 - 5:49 pm ICT by IANS
New Delhi, April 15 (IANS) Despite successive rate hikes and assurances from policy makers, India's annual rate of inflation rose to 8.98 percent in March from 8.31 percent the month ... Read more...

Posted in Business |

Policy rates up again as Indian central bank acts on inflation (Roundup)


March 17th, 2011 - 5:41 pm ICT by IANS
Mumbai, March 17 (IANS) India's central bank Thursday hiked its short-term lending and borrowing rates by 25 basis points for the eighth time in 15 months to tame stubborn inflation, ... Read more...

Posted in Business |

Indian central bank hikes policy rates again to curb inflation


March 17th, 2011 - 1:59 pm ICT by IANS
Mumbai, March 17 (IANS) India's central bank Thursday hiked its short-term lending and borrowing rates by 25 basis points each for the eighth time in 15 months to tame inflation ... Read more...

Posted in Business |

New rehabilitation policy within a month: Jaiswal


October 11th, 2010 - 9:24 pm ICT by IANS
Kolkata, Oct 11 (IANS) The Group of Ministers would finalise within a month a new rehabilitation and resettlement policy for those displaced by mining projects, Coal Minister Sriprakash Jaiswal said Monday."We ... Read more...

Posted in Business |

Tata Steel not selling African unit: Nerurkar


September 8th, 2010 - 5:15 pm ICT by IANS
Kolkata, Sep 8 (IANS) Steel major Tata Steel is not selling its South African unit, a top company official said here Wednesday. "We are not selling the plant...we are always approached by the ... Read more...

Posted in Business |

Coal regulator in three months: Jaiswal


July 2nd, 2010 - 4:09 pm ICT by IANS
Kolkata, July 2 (IANS) Coal Minister Sriprakash Jaiswal Friday said a coal regulatory authority is likely to be in place in the next three months.The regulator will deal with pricing, gradation ... Read more...

Posted in Business |

Gujarat NRE to invest Rs.1,000 crore for plant in Andhra


May 13th, 2010 - 6:48 pm ICT by IANS
Kolkata, May 13 (IANS) Metallurgy coke producer Gujarat NRE Coke plans to invest Rs.800-1,000 crore for a plant in Andhra Pradesh, a top company official said Thursday. "We are waiting for the land. ... Read more...

Posted in Business |

Gujarat NRE expects coke prices to go up from January


December 22nd, 2009 - 8:36 pm ICT by IANS
Kolkata, Dec 22 (IANS) Metallurgy coke producer, Gujarat NRE Coke expects coking coal prices to go up from January following indications that there will be upward revision of steel prices, a senior ... Read more...

Posted in Business |

Coal price index to be launched in July


June 30th, 2009 - 7:48 pm ICT by IANS
Bhubaneswar, June 30 (IANS) India will soon get a coal index to track the coal price movement in the country. India's leading e-commerce company Mjunction Services Ltd will launch the index in ... Read more...

Posted in Business |

Coal blocks to be allocated through auction


June 24th, 2009 - 9:24 pm ICT by IANS
Kolkata, June 24 (IANS) Coal blocks will be allocated to various sectors through the auction process, Coal Minister Sriparakash Jaiswal said here Wednesday. "For this, the concerned Act will be amended," the minister ... Read more...

Posted in Business |

Government rules out coal price hike


June 24th, 2009 - 7:02 pm ICT by IANS
Kolkata, June 24 (IANS) The government is not considering raising coal prices, coal minister Sriprakash Jaiswal said here Wednesday. "That is not our priority now," Jaiswal said when reporters bombarded him with queries ... Read more...

Posted in Business |

Bokaro Steel to cut Rs.225 crore in costs


June 7th, 2009 - 3:40 pm ICT by IANS
Ranchi, June 7 (IANS) Bokaro Steel Plant has planned to shave off up to Rs.225 crore in expenditure this fiscal on account of rising input costs and declining profits, according to a ... Read more...

Posted in Business |

Minister hints at hiking coal prices


May 29th, 2009 - 9:48 pm ICT by IANS
New Delhi, May 29 (IANS) The government may hike coal prices marginally, Minister of State for Coal (Independent Charge) Sriprakash Jaiswal said here Friday. "Keeping in view the current economic situation, ... Read more...

Posted in Business |

Coal India posts Rs.96 crore profit in 2008-09


May 21st, 2009 - 6:39 pm ICT by IANS
Kolkata, May 21 (IANS) Coal India Ltd (CIL) has posted net profit of Rs.96 crore in 2008-09 against a profit of Rs.5,243 crore the year before, a top company official said here ... Read more...

Posted in Business |

Coal India hints at price increase


February 3rd, 2009 - 8:41 pm ICT by IANS
Kolkata, Feb 3 (IANS) Coal India chairman Partha Sarathi Bhattacharyya Tuesday hinted at hiking coal prices, but said any such decision would be taken after ensuring that end-users remained globally competitive.With the ... Read more...

Posted in Uncategorized |

Domestic coal prices will not fall further: Coal India


January 15th, 2009 - 8:15 pm ICT by IANS
Kolkata, Jan 15 (IANS) Domestic coal will not get any cheaper, India's largest coal company said here Thursday."International prices may fall depending on demand but domestic prices won't fall further as it ... Read more...

Posted in Uncategorized |

Chinese shares fall 3.52 percent in morning session


October 6th, 2008 - 1:18 pm ICT by IANS
Beijing, Oct 6 (Xinhua) Chinese shares fell by over three percent in the morning session Monday on worries about the financial crisis and after big losses on Wall Street. The benchmark Shanghai ... Read more...

Posted in Uncategorized |

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