Power sector’s dues to Coal India rise 10% to Rs 152. 52 bn

22 Jul 2022 CW Team

The outstanding amount due to Coal India (CIL) from the power sector rose 10 per cent on a month-on-month basis to Rs 152.52 billion at the end of June 2022 from Rs 138.25 billion in May.

During June, CIL’s coal production rose 29 per cent year-on-year to 51.56 million tonnes, while the cumulative output for April, May and June stood at 159.75 mt, which is higher on an annual basis by 29 per cent.

With the country facing shortage of coal, largely on account of significant a decline in imports of the fuel and higher demand for electricity, the coal offtake rose 15 per cent year-on-year to 58.98 mt, whereas during April-June, the total off-take grew 10.7 per cent to 177.59 mt on an annual basis.

The despatch of coal from CIL also was higher by 26.5 per cent year-on-year at 51.09 mt last month. During April-June, the cumulative despatch of the dry fuel rose 19.2 per cent year-on-year to 152.49 mt.

The production of 622.63 mt of coal by CIL during FY22 is the highest ever. Production for FY22 represents an increase of 26.41 mt, which is 4.4 per cent growth over the previous year’s 596.22 mt.

Real Estate

05 Sep 2025

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..