Page 25 - Coal India

Coal India's supply to power plants up 15% in April-June period

The increase in fuel supplies comes at a time when some regions are facing power shortage due to fast depleting coal stockpiles at power plants

After Air India failure, govt now hoping to offload stake in Coal India

If needed, the government could explore the option of staggering the sale offer in two tranches

Coal India: Price hikes, evacuation charge likely to mitigate higher costs

The improved volume outlook and better e-auction prices for its coal are likely to drive earnings in FY19

Coal India extends gain post Q4 results; stock hits three-month high

The stock rallied 5% to Rs 303 in intra-day trade on Thursday, extending its Wednesday's 2.3% gain on the BSE

Increased payout to employees drags down Coal India's Q4 profits

Sector analysts expect coal demand in the country to grow at 6.8 per cent which is in line with the projected demand growth of thermal power

CIL aspires to be "most-efficient" coal producer, says coal India's new CMD

Jha had served as the chairman of CIL's most profitable subsidiary, MCL

Coal India to enter power production, in talks with NTPC to form JV

Coal India is in talks with NTPC to form a joint venture (JV) to come up with a 1,600 megawatt (2x800 Mw) pithead power plant at Sundergarh in Odisha

Coal India wants its own rail network; seeks roadmap from rail ministry

Under this proposal, railways will be issuing tenders to purchase rakes on behalf of Coal India as well as deploy the coal corridors & advanced technology

Coal India's new GCV-based billing system for consumers likely from July

Company officials feel the new system would require 100% sampling of coal for all consumer categories, from power producers to steel plants, cement makers & several others

Govt relaxes rules for Coal India to ease coal-bed methane extraction

The Cabinet today relaxed rules for state-owned Coal India Ltd for extraction of natural gas lying below coal seams in its blocks in a bid to quickly boost production. Till now, Coal India Ltd had to apply to oil ministry for a licence to extract coal-bed methane (CBM) from its coal blocks. Now, the world's largest coal producer does not need such a permission. The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved an amendment to the November 2015 regulations issued by the Ministry of Petroleum & Natural Gas under Section 12 of the Oil Fields (Regulation and Development) Act, 1948 (ORD Act, 1948). "Due to this amendment relaxation is granted under the Petroleum & Natural Gas Rules 1959 (PNG Rules, 1959), to Coal India Ltd (CIL) and its subsidiaries for not applying for grant of licence/lease under the PNG Rules, 1959 for extraction of CBM under their Coal Bearing Areas," an official statement said. Stating that the decision is in line with .

After mostly subdued FY18 output, FY19 could be better for Coal India

The 9.4 per cent production growth at Coal India for the month of March is encouraging, after the subdued output in much of 2017-18. It was helped by higher demand from thermal power plants, which had seen stocks fall to 10 days. Rising electricity demand with the early onset of summer and the coming peak season, coupled with subdued production of hydro power due to low reservoir levels, should ensure the demand for coal remains healthy. Similarly, firm realisation will help offset cost pressure and sustain profitability. In sum, an improved outlook for the government-owned behemoth in FY19. Among the key monitorables, however, is whether Coal India is able to keep up with the pace of demand, say analysts.Price hikes by the company in January also bode well. Analysts at Kotak Institutional Equities say it is likely to see an improvement in realisation due to these, plus an evacuation charge from December of Rs 50 a tonne. The brokerage expects blended coal realisation to increase by ..

Coal India likely to hike salaries of executives in next two months

CIL has nearly 300,000 employees and the wage agreement was due since July 2016

Coal India to keep prices lower than pvt miners under coal liberalisation

In face of a liberalised coal mining regime when private companies will be allowed to commercially mine and sell coal, state-run Coal India is aiming to keep its prices lower than the ones of private companies by effectively decreasing production costs and attain higher economies of scale. With this strategy, the company thinks it will not only be able to retain its market leadership but it will also help in maintaining its customer base.According to Gopal Singh, the company's chairman and managing director, Coal India has already been able to decrease production costs by Rs. 53 a tonne by increasing the shifts in the mines which has resulted in reducing a higher proportion of costs as a result of an increased level of production."We are preparing ourselves to compete with the best of the world. We would avoid wastage and control controllable costs", Singh said adding that with the existing talent pool in the firm, Coal India is in a much better position to take on competition.The ...

Coal India expecting revenue growth of 6% over the next three fiscal years

New wage structure to hit finances but pricing formula might provide some relief

CIL's competitive edge under scanner over rising output cost, ageing mines

A second concern will be import, which instead of decreasing, might increase in the long term

Street signs: CIL sees investor churn, big investors buy Himadri, and more

The activity in the primary market has gathered steam with as many as a six companies expected to launch their initial public offerings (IPOs) this month

Centre to get Rs 80.44 bn of dividend from Coal India

The government holds 78.55 per cent of share in the company and the rest is public shareholding

Coal India misses production target again; imports likely to increase

CIL's output between Apr 2017 and Feb 2018 stood at 495.09 mt, 7% lower than the 531.32 mt target set by the coal ministry. Similarly, sales volume is set to fall 3% short of the 541.60 mt target

Despite liberalisation, power demand to sustain Coal India's dominance

Despite opening up of the coal sector to private miners, Coal India's dominance in the field is expected to remain firm as the power sector will continue to bank heavily upon this state-owned coal monolith.Coal India officials said that the company has a mandate to supply atleast 75 per cent of the produce to the power sector and the rest can be offered to others like cement and steel; however, the private miners are most likely to be exempted from the clause."The reform states that private miners can sell or utilise coal in any manner they like. Thus, compared to us, the power sector is not a mandated priority for them. Being liberalised, they are at will to sell coal where they will find the best price discovery", a senior Coal India official said.With Coal India currently routing its supplies majorly to the power sector, the cement and steel plants are bearing the brunt of coal and railway rake shortage.Also, a second Coal India official opined that private companies will be more ..

Coal India's foreign dreams lose steam in bid to fuel domestic demand

With Coal India now prioritising availability of thermal coal to the power plants by streamlining both its road and rail supply network, its plans of acquiring a 20-25 per cent stake in an Australian firm which could have ensured steady procurement of coking coal, has been put on the backburner.Apart from prioritising steady production across its mines, the company is now closely coordinating with Railways to make 288 rakes available each day for supply of the black diamond to the power plants - an exercise which is the top priority now. Towards the end of the last year, resulting from dearth of railway rake availability, coal stocks with the power plants hit rock bottom spiralling the energy sector into a crisis. Thenceforward, Coal India had to step up despatches on a war footing.An official told Business Standard that coordination with the railways for steady despatches to the power sector would ensure that instance doesn't repeat in the future. It has now drawn up a mine-wise ...