LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS

Read in App
Business News » India News

Goyal promises smooth coal supply to power plants by early Oct

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Tue, Sep 19, 2017
02:59 pm
PTI
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

Coal Minister Piyush Goyal today said his ministry is taking urgent steps to ensure coal supplies to power stations stabilise by month end or early October.

He was speaking at the annual convention of Indo-American Chamber of Commerce (IACC) in Mumbai.

Goyal's assurance came after IACC President N Srinivasan flagged the issue of the depleting stock of coal at power stations.

"Instead of buffer stock of 30-40 days, most of the power stations are having stock for 2-3 days," a statement quoted Srinivasan as saying.

While promising that coal supply will be ramped up soon, Goyal said the ministry was regularising production for the last 18 months as power plants were not lifting the fuel because of its easier availability owing to all-time high record production.

He said the coal secretary had written to chief secretaries of all states urging them to impress upon power stations to start stocking coal but the plea fell on deaf ears.

The surge in demand for coal could be attributed to the fact that power supply from hydel, nuclear and other sources fell by 12 per cent, 36 per cent and 7 per cent respectively last month and as a result demand for power from thermal power plants rose substantially, he added.

He however said the shortage of coal stock at power stations augurs well as it will reignite the private investment.

Responding to another query from Srinivasan whether the government would restore the coal cess, which is subsumed under GST, Goyal said the coal cess was introduced with the twin objective of funding promotion of renewable energy and for fair pricing of coal-based energy generation.

While assuring that the importance given to renewable energy would continue vigorously, he said the introduction of GST is in the national interest and sectarian interests should be submerged in the large interest of the nation.

Goyal, who was recently given the charge of railway ministry also, said 100 per cent electrification of railways was his priority so that Rs 16,000 crore spent on diesel import every year for railways are saved.

The railways will focus to ramp up renewable energy considerably by utilising flexible light-weight solar panels on the rakes and stations, he said.

Goyal, who had a meeting with Maharashtra Chief Minister Devendra Fadnavis late last night, informed that he would come up with initiatives to rapidly scale up facilities for suburban railway commuters.

The minister harped on the need for improving the railway safety saying India needs to invest heavily in railway infrastructure to meet the decades-old backlog.

 

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

FAU-G Game Launch date: Good news! Release tomorrow, beats PUBG Mobile India

PUBG Mobile India launch: Important notification issued by govt | Check reason for BIG Trouble here

Pick of the Week With Anil Singhvi: HDFC Life, Hero Motocorp, DLF to Rallis India - these are stocks to buy

In chat with Anil Singhvi, Sandeep Jain recommends Goldiam International as a stock to buy

Stock Market Holidays 2021 India: Trading to remain suspended on Sensex, Nifty, others Tomorrow for Republic Day 2021

Gold prices eases on doubts over U.S. stimulus passage

Stocks in Focus on January 25: Reliance, HDFC Life, UltraTech Cement, Grasim to Tata Power; here are the 5 Newsmakers of the Day

Urgent message for Indian Railways passengers about 'morphed' photo about trains

7th Pay Commission Latest News: Salary up to Rs 2.08 lakh plus NPA; take the first step to get this government job available on upsc.gov.in

Vi vs Jio vs Airtel: Check some of the best cheap prepaid recharge plans for you | Full details here

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved