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
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?