[ad_1] After Parag Parikh Flexi Cap Fund (PPFAS) has taken another anti – ESG bet — . As per its latest disclosure of 31st May, the mutual fund scheme held 19 lakh shares of Coal India. The popular mutual fund scheme, which has an asset management (AUM) of over Rs 22,000 crore, is run by veteran money manager Rajeev Thakkar. ITC is the largest holding with 8.9 per cent in the portfolio of 22 stocks. Other major investments include & Invest, , , Hero Moto , , and . The…
Tag: coal
CIL floats first tender for import of 2.416 MT coal for power sector
[ad_1] state ownership Coal India On Thursday it said it has floated its first tender for importing 2.416 million tonnes of coal to ensure adequate supply of fuel to power plants in the country. The development assumes significance in view of all the efforts made by the government to stockpile coal. To avoid a repeat of the power cuts, which were caused by fossil fuel shortages in April. “For the first time, Coal India Ltd. (CIL) on Wednesday issued an international competitive bidding e-tender, inviting bids for import of 2.41.6…
Thermal coal demand will increase to around 1,500 metric tonnes by 2040: Pralhad Joshi
[ad_1] Coal Minister Pralhad Joshi said on Saturday that to meet the country’s energy demand, which will double by 2040, the thermal coal requirement will be around 1,500 million tonnes over the next 18 years. The Minister said that there is a need to be aware of the environment and keep in mind the sustainable mining goals. “While the estimated electricity generation by 2040 will be around 3000 billion units, India’s energy demand will double by 2040. To meet this demand, the demand for thermal coal will increase to around…