Indian state coal producer looks to sell surplus coal at discount
COAL & MINING

Indian state coal producer looks to sell surplus coal at discount

Odisha Coal and Power Ltd (OCPL), a state-run entity, is planning to sell surplus coal from its eastern Indian mine at a discounted rate, signalling reduced demand for the fuel. According to an auction document, OCPL will auction 3 million tons of surplus coal on October 4 for power plants, offering a 15% discount on the base price set by the national coal index. The auction was advertised in the *Times of India* newspaper.

Data from India’s coal ministry shows that between April 1 and August 25, the country’s total domestic coal production increased by 7.12% year-on-year, reaching 370 million metric tons. This move by OCPL suggests an oversupply of coal alongside decreased demand, according to Riya Vyas, a senior analyst at iEnergy Natural Resources Ltd. Vyas explained that coal-fired power plants are currently experiencing lower electricity demand, while domestic production has risen as monsoon rains subside.

India’s coal production reached a record high of 997.828 million tons in the fiscal year ending March 31, marking a 12% increase from the previous year. Despite 75% of India’s power generation being coal-based in 2023, the country imported 176 million tons of thermal coal, primarily for power plants. However, thermal coal imports are expected to decline this year for the first time since the COVID-19 pandemic, owing to increased domestic production and historically high inventories.

Odisha Coal and Power Ltd (OCPL), a state-run entity, is planning to sell surplus coal from its eastern Indian mine at a discounted rate, signalling reduced demand for the fuel. According to an auction document, OCPL will auction 3 million tons of surplus coal on October 4 for power plants, offering a 15% discount on the base price set by the national coal index. The auction was advertised in the *Times of India* newspaper. Data from India’s coal ministry shows that between April 1 and August 25, the country’s total domestic coal production increased by 7.12% year-on-year, reaching 370 million metric tons. This move by OCPL suggests an oversupply of coal alongside decreased demand, according to Riya Vyas, a senior analyst at iEnergy Natural Resources Ltd. Vyas explained that coal-fired power plants are currently experiencing lower electricity demand, while domestic production has risen as monsoon rains subside. India’s coal production reached a record high of 997.828 million tons in the fiscal year ending March 31, marking a 12% increase from the previous year. Despite 75% of India’s power generation being coal-based in 2023, the country imported 176 million tons of thermal coal, primarily for power plants. However, thermal coal imports are expected to decline this year for the first time since the COVID-19 pandemic, owing to increased domestic production and historically high inventories.

Next Story
Equipment

Liebherr Cranes Rapidly Progress on Scandinavia’s Second Tallest Tower

An impressive structure has emerged at remarkable speed in Karlskrona. Standing at a height of 200 metres, the NKT Tower 3 is the second tallest tower in Scandinavia. Two Liebherr cranes, a 542 HC-L 12/24 Litronic and a 258 HC-L 10/18 Fibre, are a key part of this ambitious construction project. The tower which is built by Skanska will be an integral part of the world’s largest high-voltage submarine cable factory, which will supply wind turbines and solar parks with essential components. Weighing 28,000 tonnes in total, the NKT Tower 3 is a feat of engineering.Liebherr Tower Crane Center an..

Next Story
Resources

GCCIA Concludes AI Forum in Kuwait with Discussions on Enhancing Power

The Gulf Cooperation Council Interconnection Authority (GCCIA), concluded its two-day regional forum held on April 29–30, 2025, under the theme, “Empowering the Future Grid: Exploring the Application of Generative AI in GCC Power Systems,” which took place in Kuwait City. The event brought together a distinguished group of global technology leaders, including GCCIA, the Saudi Electricity Company, ENOWA (NEOM’s Energy and Water Company), GCC energy authorities and utilities, as well as Microsoft, NVIDIA, Oracle, and EPRI Gulf (Electric Power Research Institute), alongside representative..

Next Story
Resources

Hindustan Zinc Accelerates Research in Emerging Zinc Battery Tech

Hindustan Zinc Limited, India’s only and the world’s largest integrated zinc producer, sees early breakthrough in the research of next-generation zinc-based battery technologies. The research targets delivering higher energy efficiency, improved safety and longer operational life. The company is pioneering emerging zinc battery technology to support the ongoing clean energy transition.Zinc has emerged as a powerful alternative to lithium owing to its abundance, stability and cost effectiveness. While the lithium market continues to face supply constraints and rising costs, zinc-based syste..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?