Centre Asks Coal India To Enhance Supply To Thermal Power Plants
With the festival season round the corner, Coal India Ltd has been directed by the government to scale up dispatch to thermal power plants.
In a review meeting presided over by Coal Minister Pralhad Joshi, coal companies were advised to enhance supplies to thermal power plants to help them meet the growing electricity demand in the coming few weeks.
During the first half of 2022-23, Coal India had dispatched 285.6 million tonnes of dry fuel to the power sector, which is a growth of almost 17 per cent over previous year.
As a result, coal stock at thermal power plants is now three times more than last year's stock, official sources said.
The production and offtake strategy for the second half of 2022-23 were also reviewed in the meeting.
Coal India Ltd's (CIL) production during the first half of the current fiscal was 299 million tonnes.
The meeting was crucial in the light of the fact that exactly a year ago, power plants had faced acute shortage of coal, as due to excessive rains, dry fuel could not be transported to them on time.
Many states at that time had faced prospects of blackouts.
Though there is adequate coal supply with power plants this year, Government wants to ensure that there is no repeat of last year's situation and hence the meeting was held, sources said.
--IANS
ans/vd
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more
JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism
In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more
Big Banks Vs. Regional Banks: The Battle For Market Share
The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more
The Evolution Of Philanthropic Advisory Services In Private Banks
The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more