trending Market Intelligence /marketintelligence/en/news-insights/trending/x5tjl1SqOvx8ife-V2RN8Q2 content esgSubNav
In This List

Losses mount on work stoppage at Coal India's Talcher unit

Blog

Battery Metals Trends

Blog

Insight Weekly: SPAC momentum builds on; higher rates fear; copper prices rebound

Blog

Q&A: U.S. Battery Storage and Global Battery Metals Trends Webinar

Blog

Greenhouse gas and gold mines - Emissions intensities unaffected by lockdowns


Losses mount on work stoppage at Coal India's Talcher unit

An indefinite strike forced Coal India Ltd.'s Mahanadi Coalfields Ltd. subsidiary to stop operations at its Talcher unit, part of the larger Mahanadi Coalfields in India's Odisha state, Odisha Sun Times wrote Jan. 13.

Citing a company spokesperson, the report said the daily loss is estimated at around 200 million Indian rupees, while the loss to exchequers of the central government and Odisha is projected at about 180 million rupees per day.

The total production loss, meanwhile, could mount to around 1.2 million tonnes in four days.

Talcher was expected to produce about 100 million tonnes of coal in the current fiscal year, but stoppages and strikes along with land constraints have led to a loss of about 5 million tonnes from the coalfield.

Average production from Talcher ranges between 270,000 tonnes to 300,000 tonnes per day, and contributes about 60% of Mahanadi Coalfields' yearly output.

Among the union's demands are the implementation of a certain rehabilitation policy, the construction of a rail line and a medical college as well as the creation of a separate coal company.

As of Jan. 11, US$1 was equivalent to 70.40 Indian rupees.