Page 24 - Coal India

Govt raps CIL execs over production as coal availability remains a worry

The normative coal stock at power units - which used to be for 20-25 days - is down by half to 10-12 days

Coal India inks pact with NLC for solar, thermal power diversification

In the proposed JV, both Coal India and NLC will have an equal stake and the total investment is estimated to be around Rs. 120 billion

Coal India to shell out Rs 15 -16 bn as performance bonus for its employees

The payment for CIL employees will be made on or before October 12, 2018

Coal India profit may double this year on healthy volume, robust demand

Not surprisingly, coal supplied through e-auction is seeing a rise in premiums

Coal India plans to pick up 20-30% stake in Australian coal mining firm

The country's coal giant plans to set up an office in Brisbane this year and the pact will mark its second foray into foreign shores, the first being in Mozambique way back in 2009

Coal India officers put stir on hold till mid-Nov as festive season looms

The officers have been protesting over remuneration, pay parity, and promotions, besides other issues

Coal India officers to protest over pay, parity & promotion today

The CMOAI is spearheading the agitation and has threatened Coal India of strikes and other industrial unrest if a speedy resolution to their key demands is not reso

Coal availability for power sector to ease from Nov: CIL's Anil Kumar Jha

During the recent past, power generation has increased by leaps and bounds and to keep pace with, Coal India also increased production

Coal India subsidiary MCL to double Jharsuguda-Sardega railway line

Coal India subsidiary Mahanadi Coalfields Ltd (MCL) has decided to double the 53.1 km Jharsuguda-Sardega rail link to scale up coal handling. "MCL has already invested Rs 11.25 billion on the railway line. We are going to have a second line wherein total project investment will go up to Rs 25 billion. After commissioning of the second line, the handling capacity will be ramped up to 40 million tonnes per annum (mtpa) from 13 mtpa", said Jaswinder Pal Singh, director (technical & operations), MCL.Singh said, MCL produced 143 million tonnes (mt) of coal in last fiscal. In FY19, the coal miner aims at an output of 162.5 mt with 163 mt of coal despatches. "No power plant will starve for want of coal", Singh said.Prime Minister Narendra Modi is set to inaugurate the Jharsuguda-Sardega line during his Odisha visit on September 22 and dedicate to the nation the Garjanbahal open cast project (OCP) of MCL.The Garjanbahal OCP in Sundargarh district is endowed with 230 mt of coal reserves. ..

Coal India's export plans now in cold storage over domestic demand

Keeping the coal shortage in mind, CIL has decided to first cater to the domestic power, steel, cement, and ancillary sectors

CIL plans expansion, begins talks with Bangladesh for coal exploration

Firms in the US, Germany, and Australia have bagged crucial exploration and feasibility contracts from Bangladesh

Coal India regaining investor confidence; delay in stake sale plan may help

As outlook on realisations improves, delay in govt's stake sale plan may also help

Coal India likely to get a five-year breather on production target

One billion tonnes-a-year target likely to be pushed back to 2025

Coal India hits over two month high; stock up 3%

The stock was up 3% at Rs 292, trading at its highest level since June 11, 2018 on the BSE.

Coal India pushes back production target worth 1 bn tonnes by two years

The government had earlier set a target of 1 billion tonnes coal output by FY'2019-20

Coal India net profit declines nearly 60% in six years despite sales jump

Salaries of executives were also revised and this led to an estimated outflow of Rs 10 billion

Modi govt likely to sell at least 5% stake in Coal India this fiscal

The sale will fetch the exchequer around Rs 88 billion

Risk-reward turns favourable for CIL; good dividend yield comes as a boost

Motilal Oswal Securities estimates Coal India's net profit will be double in the June quarter compared to the year before

Coal India share prices at around Rs 270 apiece may dampen stake sale again

A senior CIL executive said the coal ministry might ask Sebi for another extension

After missing 1st-quarter targets, Coal India is facing criticism yet again

Coal India officials are of the view that the shortage of coal in the power plants can be eased once hydel power production picks up in the country