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[1/4] Ambulances move inside a tunnel where rescue operations are underway to rescue trapped workers, after the tunnel collapsed, in Uttarkashi in the northern state of Uttarakhand, India, November 28, 2023. While augur machines managed to horizontally drill through nearly three-quarters of the debris, it fell on half a dozen miners adept at burrowing in tight spaces to reach the trapped workers on Tuesday. Some of the miners involved in the rescue operation said they were not involved in coal mining and got their training in Delhi. The pits are sized just enough for the workers, often children, to descend using ropes or ladders to extract coal - often without safety measures and proper ventilation. The practice became illegal in the 1970s, when India nationalised coal mines and gave state-run Coal India a monopoly.

Persons: Francis Mascarenhas, Qureshi, Nasir Hussain, Saurabh Sharma, Shivam Patel, Angus MacSwan Organizations: REUTERS, Rescuers, Thomson Locations: Uttarkashi, Uttarakhand, India, Meghalaya, Delhi, Silkyara, New Delhi

☆ Coal free by 2070? India’s push toward renewables won't stop coal reliance for the next two decades
▼ + stars: | 2023-11-03 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +6 min

The country's leaders have been optimistic about its path to net zero, making bold claims that 50% of its power generation will come from renewables by 2030, and 100% by 2070. "This heightened power demand necessitates a reliable, cost-effective, and consistent power generation source, which coal currently fulfills," he highlighted. Nearly 10% of the country's electricity demand comes from space cooling and this will increase ninefold by 2050, the IEA said. Unreliable renewablesDespite being able to produce cheap wind and solar energy, only 22% of India's power generation is met by renewables. These complexities render it challenging to rely solely on renewables for consistent and dependable power generation," Narayan said.

Persons: Money Sharma, Anil Kumar Jha, Jha, Neshwin Rodrigues, Prakash Singh, Sooraj Narayan, Wood, Sooraj Narayan Wood Mackenzie, Narayan, Sumant Sinha, Sinha, CNBC's, Wood Mackenzie's Narayan Organizations: Afp, Getty, Coal, CNBC, National Thermal Power Corporation, International Energy Agency, Ministry of Coal, Jha, Bloomberg, Investment, Invest India, Nurphoto Locations: Uttar Pradesh, India, Coal India, Dadri, Asia, Uttarakhand, Kerala

☆ Indian shares likely to open lower on extended global weakness
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +2 min

The new logo of the Bombay Stock Exchange (BSE) building is seen in Mumbai, India, July 12, 2023. REUTERS/Francis Mascarenhas/file photo Acquire Licensing RightsBENGALURU, Sept 28 (Reuters) - Indian shares are expected to open lower on Thursday, tracking global markets, as worries over higher interest rates and surging crude prices weighed. Domestic investors will also focus on surging crude prices, which rose 3% overnight. Higher oil prices will negatively impact India, the world's third-largest importer, which is also reeling under lower-than-expected monsoon rains. FIIs sold 3.54 billion rupees ($42.53 million) of shares, while domestic investors bought 3.86 billion rupees shares on Wednesday, provisional exchange data showed.

Persons: Francis Mascarenhas, FIIs, Janane Organizations: Bombay Stock Exchange, REUTERS, Rights, NSE, Exchange, BSE, Treasury, Dixon Technologies, Sethuraman NR, Thomson Locations: Mumbai, India, Skyserve, Bengaluru

REUTERS/Adnan Abidi/File Photo Acquire Licensing RightsCompanies Coal India Ltd FollowSINGAPORE, Sept 4 (Reuters) - India has stepped up the use of coal to generate electricity in a bid to stop outages caused by lower hydroelectricity output, and as an increase in renewables is struggling to keep pace with record power demand. Demand typically peaks in May, when Indians crank up air-conditioners to beat the heat, and industries operate without rain-related disruptions. Coal's share in power output rose to 66.7% in August - the highest for the month in six years, according to a Reuters analysis of government data. The government has repeatedly defended the use of coal citing lower per capita emissions compared with richer nations, and rising renewable energy output. India's peak demand - the maximum capacity required during any time of the day - rose to a record 243.9 gigawatts (GW) on Aug. 31, the Grid India data showed, exceeding available capacity by 7.3 GW.

Persons: Adnan Abidi, Sudarshan, Robert Birsel Organizations: REUTERS, Companies Coal India, India, Grid, Thomson Locations: Delhi, India, China

☆ Financials bounce back from Friday's slide to lift Indian shares
▼ + stars: | 2023-05-08 | by ( Bharath Rajeswaran | ) www.reuters.com time to read: +2 min

The Nifty 50 (.NSEI) was up 0.81% at 18,215.75 as of 10:04 a.m. IST, while the S&P BSE Sensex (.BSESN) rose 0.87%. Nifty Bank (.NSEBANK) and Nifty Private Bank (.NIFPVTBANK) also gained over 1%. On Monday, IndusInd Bank Ltd (INBK.NS) rose nearly 5% and was the top Nifty 50 gainer. Analysts expect the Nifty 50 to witness consolidation in the near-term with resistance seen near 18,200 levels. read more($1 = 81.7330 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

India's coal arrivals are already heading higher, with data from commodity analysts Kpler pointing to a rise in thermal coal imports to 10.19 million tonnes in February, up from 9.71 million tonnes in January and the most since November. It's likely that thermal coal imports may decline over the coming years, but predictions that this trade will end by 2030 are ambitious. Where India will see increasing coal imports is in higher-grade metallurgical coal, used primarily to make steel. Given that each GW of generation requires around 3 million tonnes of coal annually, this implies the coming capacity additions will only need another 100 million tonnes, well below the 500 million tonnes extra the industry believes it will deliver by 2030. Overall, it appears the positive mood of India's coal sector is justified, especially in the short term.

Companies Coal India Ltd FollowSINGAPORE/NEW DELHI, Jan 17 (Reuters) - India's power utilities will likely boost coal imports this year to cope with surges in demand, made worse over the past year by extreme temperatures, and with freight bottlenecks that are disrupting domestic coal supplies, analysts and officials said. Coal imports by Indian utilities more than doubled to 42 million tonnes during the first eight months of this fiscal year from April, compared with the year-ago period, despite an 11.9% increase in domestic coal supplies to utilities. Reuters GraphicsExtreme weather conditions have put an additional strain on power supplies. Disruptions to coal supply lines due to rail car shortages have compounded the problem, limiting the effectiveness of increased domestic coal production. Reuters GraphicsTrains made available by the Indian Railways to Coal India (COAL.NS), which produces 80% of India's coal, have fallen short of monthly targets for at least 21 months, government data shows.

☆ India expects utilities' annual coal demand to surge about 8% after renewables shortfall
▼ + stars: | 2023-01-10 | by ( Sudarshan Varadhan | ) www.reuters.com time to read: +4 min

India expects utilities' coal demand to reach 821 million tonnes in 2023-24, according to the presentation. India is expected to produce 1,255 terawatt-hours (tWh) of power using coal in 2023-24, the official said, compared with 1,180 tWh of power from coal this fiscal year. Coal India, the world's largest miner, is expected to produce 770 million tonnes of coal in 2023-24, leaving it with more to sell at higher margins to the non-power sector. India is expected to produce about 735 million tonnes of domestic coal in the 2022-23 fiscal year, according to the presentation. The government has estimated that the coal demand can't be met through domestic sources and because of logistical challenges, and has asked power plants to import 6% of their requirement.

☆ Analysis: India power binges on coal, outpaces Asia
▼ + stars: | 2022-11-18 | by ( Sudarshan Varadhan | ) www.reuters.com time to read: +4 min

But the increase in India's coal-fired power output has outstripped its regional peers, data from the government and analysts showed. India's power ministry did not immediately respond to a Reuters request for comment. Reuters GraphicsCLEAN ENERGY EFFORTSState-run Coal India, the country’s dominant coal miner, ramped up production to meet the utility demand. It reported a 13.5% year-on-year increase in its coal output in March-October to a record high of 432 million tonnes. Consultancy Wood Mackenzie expects India's coal-fired power output to grow 10% in 2022 compared to the previous year.

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