Rolling innovations

Bearings for construction and mining applications have seen innovative developments in the recent times. With the construction and mining equipment market is growing, the momentum of innovation in bearings is to pick up in the coming days.

Construction equipment is our growth engine

The Indian market offers enormous growth opportunities in the construction equipment industry.

Indian Mining Poised to Boom

CIL given new deadline to sign 173 FSAs

At a recent meeting, union coal ministry asked public sector miner Coal India (CIL) to enter into fuel supply agreements (FSAs) with power plants for 78,000 mw capacity by September 6. The order from the ministry comes after the earlier deadline for signing FSAs ended on August 30.

CIL to retain right to set coal price

Coal Secretary SK Srivastava has reportedly informed a news agency that the ultimate right to fix price of coal would be vested with Coal India (CIL) even after the setting up of a regulator. He said the proposed coal regulator would out the principles and methodologies upon which pricing will be done while the state-run miner CIL will retain the right to set p

CCEA may clear fuel pass through mechanism

In order to enable power plants to pass on the rise in the cost of imported fuel to end consumers, the Cabinet Committee on Economic Affairs (CCEA) may clear the fuel pass through mechanism. Such a move may encourage power producers to use the full capacity of their power plants by importing fuel instead of running the plant at suboptimal capacity beca

CERC clarifies on coal supply under FSA

In a reply to the clarification sought by the union power ministry, CERC said Coal India (CIL) has the responsibility to meet the full requirement under FSAs even if it has to resort to imports. Some days ago, the power ministry asked the CERC whether the existing policies permit CIL to meet its fuel supply agreements (FSAs) commitments (for post-March 2009 power projects) through supply of impo

Coal ministry counters charges of NTPC

Union coal ministry refuted the charges levelled by union power ministry and NTPC that Coal India (CIL) was supplying inferior quality coal to the power producer. The power ministry took its grievances against CIL to the Cabinet Committee on Investments (CCI) and this move irked the union coal ministry

CIL may import coal for the first time

In order to meet supply commitments from power sector, state-run miner Coal India (CIL) would source coal from abroad for the first time in 2013-14. CIL, which produces around 80 percent of the country's coal, has found it difficult to meet the supply commitments from power producers under the fuel supply agreements (FSA

CIL eases restrictions in FSAs

Following criticisms from some sections, Coal India (CIL) has liberalised some of the restrictions imposed by it in the fuel supply agreements (FSAs) that it signs with power companies. For example, the state-run miner allowed supply of coal in excess of annual contracted quantity (ACQ) with mutual consent

60 power plants sign FSA with Coal India

So far, 60 power plants have entered into fuel supply agreements (FSA) with the public sector miner Coal India (CIL). CIL is mandated to sign a total of 143 FSAs in respect of identified power projects of 60,000-mw capacity, which have been assured for coal supply, in the next five