Cement News tagged under: Coal India

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Indian cement companies amongst bidders for coal blocks

10 September 2019, Published under Cement News

India’s UltraTech Cement, ACC Cement and Reliance Cement are amongst the prospective bidders for the auction of 27 coal blocks. To attract investors, the government has allowed the sale of up to half the output to Coal India at a notified price, while a further 25 per cent can be sold in the open market. However, block operators have to consume at least 25 per cent of their produce in their own plant, according to The Economic Times. The Coal Ministry has also increased the time limit for...

Demand for coal from India's cement sector rises in FY18-19

27 June 2019, Published under Cement News

India’s coal demand increased 9.1 per cent YoY to 991.35Mta during the fiscal year ended March 2019, according to the country’s Coal Minister, Pralhad Joshi. However, India’s supply shortfall more than doubled to 23.35Mt. This has been attributed to Coal India’s inability to meet demand from the cement and sponge iron industries. Demand from the cement sector surged 70 per cent to 37.22Mt in the FY18-19. In the FY18-19 coal imports rose 12.9 per cent YoY to 235.24Mt from 208.27Mt. Mr J...

Coal India to supply cement industry through e-auctions

07 August 2018, Published under Cement News

Coal India will supply 4.65Mta to the cement industry for five years through e-auctions starting on Tuesday, according to a senior executive at the company. Of the 4.65Mt on offer annually, 1.14Mt can be procured each year through the railways, while the rest would be supplied through roadways. The company recently held an auction for 7Mt of coal for sponge iron firms and received bids that were 39 per cent higher than the notified price for the non-power sector. The company expects si...

India: Prism Cement receives part-fuel requirement for 5 years

01 March 2017, Published under Cement News

Prism Cement Ltd has successfully bid for 18,300tpa of coal from South Eastern Coalfields Ltd, a subsidiary of Coal India Ltd, in a recently-held auction of coal linkages for the cement industry, according to a filing to the Bombay Stock Exchange. With the bid, the cement producer has secured part of its fuel requirement for the next five years. The allocation was made at a nominal premium over the floor price.

India: Jaypee Cement requests coal re-allocation

25 November 2016, Published under Cement News

Jaypee Cement has requested that the central government allocate the two captive coal blocks won in auction to other firms in need of fuel. Jaypee Cement wished to surrender the two blocks in Maharashtra and Mandla South in Madhya Pradesh following the sale of the attached cement plants. The company informed The Economic Times India that, “both cement and captive power plants of Jaypee Balaji cement plant are being acquired by Ultratech Cement, but they have shown no interest in taking th...

India: UltraTech purchases more coal linkages

27 July 2016, Published under Cement News

UltraTech Cement has won an auction for 95,000t of coal from  Junadhi Mines in Chhattisgarh. The rights to use the coal are being sold off as part of a wider exercise within the Indian coal industry.  UltraTech will pay INR1050/t (US$15.60/t) for the coal. 

India: Coal India contracts not discontinued in June 2016

09 November 2015, Published under Cement News

The fuel supply contracts of cement companies with Coal India will not be discontinued for auction, in contrast to earlier government announcements that all coal supply agreements between Coal India and non-power firms would end in June 2016. The government will wait for the contracts to end and then auction them. Most contracts are expected to laps in 2017. Around 28Mt of coal is due for auctioning to unregulated sectors (e.g. cement and steel) next year. The companies will have to in...

India: local tax on coal mines to hit cement firms

24 March 2014, Published under Cement News

India's coal ministry has tabled a proposal that cement, steel and sponge iron companies that have captive coal mines have an undue advantage, and this could be offset with a new tax. The rationale behind the coal ministry's proposed increase in taxes on cement and steel companies that own coal mines is that, while they are insulated from the market vagaries as far as this key input is concerned, their output prices are market determined, leading to an undue advantage. The exact amount of ...

Coal India threatens to cut supplies to four UltraTech Cement power plants

16 July 2012, Published under Cement News

Coal India has threatened to cut supplies to four of UltraTech Cement’s captive power plants located in the Indian states of Rajasthan, Chhattisgarh and Madhya Pradesh. DNA India reported that last week, Coal India wrote to 16 captive power plants, including the UltraTech facilities, threatening to break long-term linkages. These units were found to be incomplete when a meeting of the Standing Linkage Committee reviewed their implementation status, officials of Coal India Ltd (CIL) said. ...