Estimated reading time: 2 minutes
The National Coal Index (NCI) witnessed a marginal increase of 3.83 points, reaching 143.91 in September 2023, signifying the first rise since April 2023. This elevation in the index is primarily influenced by a temporary hike in global coal prices, reflecting a noteworthy shift in the coal market landscape.
Launched by the Ministry of Coal on June 4, 2020, the NCI serves as a crucial price index that portrays the fluctuations in coal prices during a specific month concerning the fixed base year. It is an instrumental tool utilized to ascertain Premium (per tonne) or Revenue Share (percentage-wise) through a market-based mechanism.
The scope of the NCI is comprehensive, encapsulating all transactions involving raw coal across the Indian market. This encompasses various grades of coking and non-coking coal transacted in both regulated (power and fertilizer) and non-regulated sectors, including transactions at notified prices, coal auctions, and imports.
The recent upward movement in the NCI indicates a surge in the demand for coal, particularly attributable to the approaching festive season and impending winter. This burgeoning demand is expected to prompt coal producers to intensify domestic coal production, aligning with the escalating energy requirements of the nation.
The NCI’s rise serves as a vital indicator for coal producers, signaling a potential opportunity to maximize production and cater to the escalating energy demands of the country, a trend anticipated to gain further momentum during the forthcoming festive season and the winter months.
Latest Stories
Prime Minister Narendra Modi conveyed heartfelt birthday wishes to Union Minister Arjun Munda, recognizing Munda's unwavering commitment to the betterment of tribal communities. Munda, a seasoned Indian politician and member of the Bharatiya…
Click here to Read more
Popular television couple Ankita Lokhande and Vicky Jain have once again captured the spotlight, this time with their first music video collaboration, "Laa Pila De Sharaab". Following their stint in Bigg Boss 17,…
Click here to Read more.jpg "Congress Names Tsering Namgyal as Candidate for Ladakh Lok Sabha Seat in Elections 3")
Congress has unveiled its candidate for the Ladakh Lok Sabha constituency in the forthcoming 2024 elections, selecting Tsering Namgyal in a bid to strengthen its position in the Union Territory. The Central Election…
Click here to Read more
CBSE Result 2024: As anticipation builds for the CBSE Class 10 and 12 board exam results for 2024, students await official confirmation of the release date. The results will likely be announced next…
Click here to Read more
Siddharth Anand has shared a crucial update regarding Hrithik Roshan's superhero franchise "Krrish". The director recently confirmed the fourth instalment, "Krrish 4'', by replying to a fan post on X. Taking to social…
Click here to Read more
The National Center for Seismology (NCS) has issued an earthquake alert following a seismic event in Afghanistan. According to the NCS report, the earthquake measured 4.3 on the Richter scale and occurred at…
Click here to Read more
The weather forecast for various regions across India presents a diverse picture, with significant rainfall predicted in some areas and warnings of heatwave conditions in others. In northeastern states such as Arunachal Pradesh,…
Click here to Read more
Aries (March 21 - April 19) Under the dynamic influence of Mars, Aries, brace yourself for a surge of vitality and assertiveness on May 3rd. Channel your fiery energy into ambitious endeavors, as…
Click here to Read more
Commuters in Delhi are facing traffic disruptions on MB Road in the carriageway from Badarpur towards Sangam Vihar due to a bus breakdown near D & E Block Vishwakarma Colony. The breakdown has…
Click here to Read more
The latest report from the Indian Bureau of Mines (IBM) highlights a substantial increase in the index of mineral production for the mining and quarrying sector in February 2024. Compared to the same…
Click here to Read more
In a significant advancement for India's energy industry, the nation's coal output skyrocketed to 78.69 million metric tons (MT) (Provisional) in April 2024, marking a robust growth rate of 7.41% compared to the…
Click here to Read more
During recent rallies in Junagadh and Jamnagar, PM Modi addressed the crowd, expressing their enthusiasm and spirit. However, amidst the fervor, Modi took the opportunity to criticize the Congress party's approach to politics.…
Click here to Read more
The National Center for Seismology (NCS) has reported a seismic event in Tengnoupal, Manipur, India, with a magnitude of 3.2 on the Richter scale. The earthquake occurred on May 2, 2024, at 08:45:34…
Click here to Read more
The Enforcement Directorate's (ED) Gurugram Zonal Office has made a significant breakthrough in the investigation into the siphoning of homebuyers' funds related to projects in Gurugram. Sikandar Singh Choker, son of MLA Dharam…
Click here to Read more
In a significant development highlighting the synergy between military and civilian leadership, General Anil Chauhan, the Chief of Defence Staff, held a meeting with Hon'ble Vice-President Jagdeep Dhankhar at the Vice-President Enclave. The…
Click here to Read more
In a heartwarming display of camaraderie and mutual respect, Prime Minister Narendra Modi shared his experience of meeting Jam Saheb Shri Shatrusalyasinhji during his visit to Jamnagar. Modi expressed his admiration for the…
Click here to Read more
In a notable visit to Ayodhya, Uttar Pradesh, the President of India, Smt Droupadi Murmu, made a series of meaningful stops that underscored the spiritual and cultural significance of the ancient city. Darshan…
Click here to Read moreAs the month of May unfolds, the Indian Meteorological Department (IMD) has provided valuable insights into the weather patterns expected to prevail over Assam & Meghalaya. According to the latest forecast issued by…
Click here to Read more
Ananya Panday delighted her fans on social media by introducing her new pet dog, RIOT, through adorable pictures. Expressing her affection, she described RIOT as "the cutest little boy in the whole wide…
Click here to Read more
Shahid Kapoor and Mira Rajput continue to be one of Bollywood's most beloved couples, setting relationship standards with their endearing chemistry. Their public outings and social media interactions consistently charm fans, making them…
Click here to Read more
Actress Sara Ali Khan is riding high on the success of her recent films, "Murder Mubarak" and "Ae Watan Mere Watan". Known for sharing glimpses of her life on social media, Sara's latest…
Click here to Read moreThe Indian Meteorological Department (IMD) has issued a weather advisory indicating the likelihood of isolated heavy to very heavy rainfall in the northeastern states of Assam and Meghalaya. According to IMD forecasts, these…
Click here to Read more
Get ready for a cinematic treat like no other as the dynamic duo of Akshay Kumar and Arshad Warsi reunite for the highly anticipated "Jolly LLB 3". With Warsi already delving into his…
Click here to Read more
Rainfall Warning: The Indian Meteorological Department (IMD) has issued a weather advisory forecasting isolated heavy to very heavy rainfall in the northeastern states of Nagaland, Manipur, Mizoram, and Tripura on the 2nd, 5th,…
Click here to Read more
Renowned actor Gulshan Grover recently took to social media to share his excitement about watching "Heeramandi: The Diamond Bazaar" at a special screening hosted by his close friend, Manisha Koirala. Celebrating Friendship: In…
Click here to Read more
After an extensive hiatus of nearly 11 years, beloved actors Diljit Dosanjh & Neeru Bajwa are set to reunite for the third instalment of the highly popular franchise, "Jatt and Juliet". Exciting Announcement:…
Click here to Read more
The India Meteorological Department (IMD) has issued a warning for East and South Peninsular India, indicating the persistence of heat wave to severe heat wave conditions until May 3rd. However, the situation is…
Click here to Read more
President Droupadi Murmu embarked on a significant journey to Ayodhya, Uttar Pradesh, marking her first visit since the consecration of the Ram temple earlier this year. Amidst media attention, President Murmu paid homage…
Click here to Read more
The India Meteorological Department (IMD) has issued a warning for Northeast India, forecasting a heavy to very heavy rainfall spell accompanied by thunderstorms and gusty winds. The alert spans from May 2nd to…
Click here to Read more
Katrina Kaif extended warm birthday wishes to her close friend and Bollywood colleague, Anushka Sharma, as the latter celebrated her 36th birthday. Sharing a delightful photo on social media, Katrina expressed her affection,…
Click here to Read more
The much-anticipated release date of the series "Panchayat Season 3" has finally been revealed, sending fans into a frenzy of excitement. Set to premiere on May 28, 2024, the unexpected announcement has left…
Click here to Read moreThe Ministry of Health and Family Welfare has decided to remove Prime Minister Narendra Modi's photo from the CoWIN certificates issued for COVID-19 vaccinations. The certificates used to have pictures of Mr. Modi…
Click here to Read more
The popular show "Yeh Rishta Kya Kehlata Hai," featuring Samridhii Shukla and Rohit Purohit, has captivated audiences with its recent storyline. Viewers are intrigued by the evolving dynamics between Abhira, Armaan, and Ruhi.…
Click here to Read more
Actress Rupali Ganguly, renowned for her roles in popular series like 'Anupama' and 'Sarabhai vs Sarabhai', made headlines as she joined the Bharatiya Janata Party (BJP) ahead of the third phase of Lok…
Click here to Read more.jpg "Surat Radiates Blissful Vibes During Yoga Mahotsav: A Prelude to International Day of Yoga 2024 35")
Surat, known for its vibrant culture and bustling energy, was transformed into a haven of tranquility as it hosted the 'Yoga Mahotsav,' a grand celebration leading up to the International Day of Yoga…
Click here to Read more
Early this morning, residents of Tengnoupal, Manipur, India, experienced a seismic event as an earthquake of magnitude 3.2 shook the region. The tremor occurred precisely at 08:45:34 IST, sending ripples of concern throughout…
Click here to Read more
Aryan Khan, son of Bollywood superstar Shah Rukh Khan, is making waves with his upcoming debut series titled "Stardom". Recent reports reveal that Aryan has roped in talented actress Mona Singh for a…
Click here to Read more
Hema Malini, the evergreen Bollywood diva, celebrated her wedding anniversary with Dharmendra by sharing a heartwarming fan-made video on Twitter. The video captured moments from their journey together, starting from their early days…
Click here to Read more
Bollywood stalwart Suniel Shetty, celebrated for his roles in iconic films like "Dhadkan" and the "Hera Pheri" series, unveiled his latest avatar on social media. Donning an all-white snow suit with matching boots…
Click here to Read more
Saba Pataudi's Birthday: Saif Ali Khan and Soha Ali Khan's sister, Saba Pataudi, marked her birthday on May 01 with a joyous celebration among family members. Soha delighted fans by sharing glimpses of…
Click here to Read more
Teaser Released: Pawan Kalyan fans, brace yourselves! The much-awaited pan-India film, "Hari Hara Veera Mallu," starring the charismatic actor in the titular role, is gearing up for a groundbreaking release in not one,…
Click here to Read more
Renowned directors S.S. Rajamouli, Koratala Siva, Anil Ravipudi, and Gopichandh Malineni came together at a glitzy event in Hyderabad to unveil the much-anticipated trailer of "Krishnamma". This event marked a collaboration of creative…
Click here to Read more
