Mahanadi Coalfields Limited (MCL) has achieved a major milestone by surpassing the 100 million-tonne mark in coal despatch for the financial year 2024-25. This accomplishment came 16 days earlier than in the previous fiscal year, highlighting the company’s operational efficiency. MCL has seen a 7% overall growth in coal despatch compared to last year, with…
India’s coal imports saw a slight increase of 0.9% during the April-July period of FY25, reaching 90.51 million tonnes (MT), up from 89.68 MT in the same period last year, according to a statement by the Ministry of Coal. Despite the country’s vast coal reserves, the surge in demand, particularly for coking coal and high-grade…
India’s foreign exchange reserves have increased by USD 223 million, pushing the total to a new all-time high of USD 689.458 billion, according to data released by the Reserve Bank of India (RBI). This increase underscores the strength of India’s external financial position, which continues to grow amid a range of global economic challenges. The…
The Indian economy is projected to grow at 7 percent in the current financial year, driven by a recovery in the agriculture sector and a resurgence in rural demand, according to a World Bank report released on Tuesday. Despite a challenging global environment, India’s growth remains robust. The World Bank’s *India Development Update* highlights that…
Mumbai Port initiated a series of significant projects and secured investment agreements totaling Rs 4,000 crore. These projects, which focus on sustainability and the use of green fuel, mark a pivotal step in the port’s development. The newly signed agreements and initiatives are anticipated to create approximately 145,000 person-days of employment, according to a statement…
India’s foreign exchange reserves saw a significant drop of $4.8 billion, settling at $670.119 billion for the week ending August 9, as reported by the Reserve Bank of India (RBI) on Friday. This decline comes after the previous week witnessed a sharp increase of $7.533 billion, pushing the reserves to a record high of $674.919…
Cargo traffic at India’s 12 major ports rose by 5.92% in July, reaching 70.08 million tonnes (MT), up from 66.17 MT in the same period last year, according to data from the Indian Ports Association (IPA). The report indicates that 10 of the 12 major ports experienced positive growth in cargo traffic, while the remaining…
Coal India Limited (CIL) reported a 7% drop in e-auction revenue for Q1 FY’25, totaling ₹5,589 crore, down from ₹6,023 crore in the same quarter last year. This decline occurred despite a 37% increase in e-auction volume, which rose to 23.18 million tonnes from 16.10 million tonnes in Q1 FY’24, due to lower auction prices….
For the first time in the last fourteen years Coal India Limited (CIL) has reversed the declining trend in underground (UG) coal production. The company reported an output of 26.021 million tonnes for FY 2024, surpassing the previous fiscal year’s production of 25.487 million tonnes, marking a year-on-year growth of 2.10 percent, Chairman P M…
State-owned Bharat Sanchar Nigam Ltd (BSNL) has reported an annual increase in its Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) to Rs 2,164 crore for FY24. Minister of State for Communications Pemmasani Chandra Sekhar stated in a written reply in the Lok Sabha that, as a result of government packages and measures, BSNL and…
