India's Thermal Plants Boost Coal Stocks by 33%

02 Jul 2024 CW Team

India's domestic coal-based Thermal Power Plants (TPPs) have fortified their coal reserves, with stocks reaching 44.46 million tonnes marking a substantial 33% surge from the previous year. According to a statement from the Ministry of Coal, this reserve is sufficient to meet current consumption levels for 18.5 days, bolstering energy security amidst seasonal challenges.

The first quarter of the fiscal year witnessed a commendable growth in coal production by 10.58%, accompanied by an 8.50% improvement in coal supply, highlighting a robust start to the year. Anticipating the onset of the monsoon, known to impact coal production, the ministry has strategically secured a stockpile of 98.67 million tonnes at mine pitheads. This proactive measure represents a 33.5% increase compared to the same period last year.

Presently, the coal stock at TPPs fulfills 68% of the normative requirement, a significant rise from 50% recorded around this time last year. Throughout the fiscal year 23-24, no shortage of coal was reported at these plants, with stocks standing at over 47 million tonnes by the end of March 2024. The ministry aims to sustain similar levels this fiscal year, both at TPPs and mine pitheads.

Moreover, an increase of 10.54% in the availability of rakes/days over the previous year ensures consistent coal supplies during the challenging monsoon season. The ministries of coal, railways, and power are closely collaborating to maintain uninterrupted coal availability for all domestic coal-based TPPs.

This proactive approach by the Ministry of Coal underscores India's commitment to safeguarding energy stability amidst seasonal fluctuations, ensuring continuous power supply across the nation's Thermal Power Plants.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..