Diaspora vital connectors between India and global innovation ecosystems: MoS (See 'Corp Brief') Srinagar Khel Sankalp affirms unified commitment to athlete-centric sports ecosystem (See 'Corp Brief') IBC - If corporate debtor is solvent & functioning company, then insolvency process invoked only to secure payment of individual dues by initiation of CIRP, amounts to misuse of IBC as recovery mechanism: SC (See 'Legal Desk') Reining in Misuse of IBC for Recovery (See CORP EINSICHT) SAMAVESH Portal, NMBA 2.0, SETU and SMILE Beggary Apps Launched at Chandigarh Shivir (See 'Corp Brief') PMLA - Attachment of a residential property upheld where Act itself permits attachment not only of property directly acquired from proceeds of crime, but also of untainted property representing equivalent value where actual proceeds of crime are unavailable or untraceable: HC (See 'Legal Desk') Veep urges Youth to become Job Creators and Nation-Builders (See 'Corp Brief') CCIC launches 'Soul Threads' - A Heritage Designer Collection Celebrating Artisanal Legacy (See 'Corp Brief') IBC - If statutory authority, during subsistence of moratorium u/s 14, directs bank to place lien on bank accounts of Corporate Debtor, and bank acts on same, it would amount to execution against Corporate Debtor and is barred by Sec 14: NCLT (See 'Legal Desk') IPR - As Constitutional Court under Article 215 of Constitution, appropriate orders are warranted to ensure that its directions are not taken in perfunctory or dismissive manner: HC (See 'Legal Desk') Prohibition of Benami Property Transactions Act, 1988 - Mere involvement of cash does not exclude transaction from ambit of benami, particularly where source is undisclosed & transaction is structured to legitimize unaccounted money during demonetization: SAFEMA Tribunal (See 'Legal Desk') PMLA - Mere fact that some allegations in predicate FIR were quashed, or that attached property was allegedly purchased before crime period, did not invalidate attachment if companies were recipients of proceeds of crime: SAFEMA (See 'Legal Desk')

Coal stocks at Power Plants sufficient to meet requirements of 18.5 Days: Govt

Published: Jul 02, 2024

By TIOLCorplaws News Service

NEW DELHI, JULY 02, 2024: THE coal stocks at domestic coal based (DCB) Thermal Power Plants (TPPs) as on 29th June 2024 stands at 44.46 MT which is sufficient to meet requirements of 18.5 days as per present level of consumption.  This stock position is 33% higher over stock position of same time during last year.  It is to be noted that production of coal during first quarter of this year has seen a growth of 10.58 %.  Similarly, supply of coal has seen a growth of 8.50%.

It is further noteworthy that keeping in view monsoon effect in the coal production, Coal ministry has ensured 98.67 MT stock availability at the pithead of mines (including coal in transit) as on 30 th June 2024 which is 33.5 % higher over last year's position.

Currently the stock availability at the TPP end is 68% of the normative requirement which was about 50% during the same period of last year.  It may be noted that during FY 23-24 there was no scarcity of coal at the domestic coal based TPPs. The coal stock at TPPs, as on 31 st March 2024, was over 47 MT.  This FY also the Coal ministry is planning to maintain similar high stock at TPPs end and also at mine pithead.

As on 29 th June 2024, there is also an increase in the number of rakes/days by 10.54 % over the same period of last year, it is thus evident that adequate stock is available to meet the monsoon requirements of all domestic coal based TPPs.  Further Coal, Railways and Power ministries are closely coordinating to ensure adequate availability of coal at all domestic coal based TPPs in the country.

TIOL CORP SEARCH

TIOL GROUP WEBSITES