For the first time in the ongoing fiscal, Coal India has recorded growth in both production and off-take
As such, at present, there are five Board level posts in CIL including CMD
State-owned Coal India's fuel supply to the power sector registered a decline of 19.5 per cent to 126.30 MT in the April-July period of the ongoing fiscal in the wake of slump in coal demand
Coal is among the top five commodities imported by India, the world's largest consumer, importer and producer of the fuel after China
The national transporter has indicated that it has no plans to give concession for distances between 701 to 1400 km
During April-July 2020, total coal imports were recorded at 57.27 MT, which is 35.76 per cent lower than 89.15 MT imported during April-July 2019
The miner had earlier set a production target of 710 million tonne for the 2020-21 fiscal
In the corresponding quarter a year ago, the fuel allocation by the PSU under all the four windows of e-auction was 16.26 MT
The company is eyeing one billion tonne of production by 2023-2024
Coal India subsidiary Mahanadi Coalfields Ltd (MCL) on Wednesday said it posted its highest-ever single day coal despatch of 5,17,448 tonnes on July 28
Coal India accounts for over 80% of domestic coal production
CIL had supplied 119.5 MT of dry-fuel in the April-June period of the previous fiscal, according to a latest report by the Coal Ministry
Any coal buyer, who imported coal during the current and any of the last two financial years, is eligible for participating in this new version of e-auction, CIL said
The state-owned miner produced 18.05 million tonnes (MT) of coal from July 1 to July 16 against 19.61 MT produced in the same period last year.
The state-owned miner produced 18.05 MT of coal from July 1 to July 16 against 19.61 MT produced in the same period last year
CIL on Friday said it has introduced a new category of spot e-auction for importers only and aimed at replacing 150 million tonne of the fuel sourced from abroad with domestic supply.
The mining behemoth is also not in a position to regulate supplies to the power companies as demand has remained subdued over the last few months
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Union Finance Minister Nirmala Sitharaman had earlier this week asked public sector companies to undertake half their capex for the current year by September.
The capex of CIL, at Rs 844 crore during the first quarter of the current financial year, crossed the provisioned target of Rs 720 crore