Renewal of Donimalai mine lease not helping NMDC
Saturday, November 10, 2018, 1:48 PM
The Karnataka government has renewed the lease of NMDC's Donimalai mine. However, according to analysts, the production has been halted as the renewal of lease entails an added condition of payment of 80% of sale value as lease rental, which would make the operations unviable. Though the public sector enterprise has moved the court against the move.
Coal shortage shuts 10,500 MW power plants amid rising demand
Thursday, October 18, 2018, 3:52 PM
Coal-based power plants are also facing the brunt of rise in diesel prices with 837 MW of generation units running on diesel reducing their electricity generation by 37% y-o-y to less than 80 million units (MU) in the April-September period. A sudden rise in electricity demand in the wake of inadequate coal supply is precariously pushing power plants towards outages.