Page 28 - Coal India

Coal India hopes for export deal with Bangladesh this year

State-owned Coal India hopes to conclude an agreement with the government of Bangladesh this year, to start export of coal to that country.Demand for thermal coal recently began picking up but Coal India still has a 69 million tonne (mt) stock as carryover from yesteryear's production. Its officials are now eyeing the South Asian region, to clear the stock and for future contracts.Bangladesh is an immediate consideration, as thermal power giant NTPC, largest client of Coal India, has entered the country by setting up an Bangladesh India Friendship Power Company (BIFPC). This is a 50:50 joint venture (JV) between NTPC and the Bangladesh Power Development Board (BPDB), to construct two 660 Mw coal-based units at Khulna, for an estimated cost of $2 billion. To finance this JV, India's Exim Bank will provide a $1.6-bn loan. Bharat Heavy Electricals, another Indian government-owned entity, was awarded the contract to construct these power plants. With these developments, Coal India seems ..

Coal India considering listing on LSE

Coal India and LSE officials met in London in December to discuss the matter

Coal India devises strategy to stave off impact due to mine grade revision

Coal India may consider revising coal prices this year in case sales volume doesn't pick up to compensate for the revenue loss arising out of grade revision of its 177 mines.A senior company official said while the company had suffered poor sales in the last fiscal year as sales volume grew only 1.6 per cent cent at 543.16 million tonne (mt) against the targeted 8.8 per on account of lower than estimated power demand, the situation is gradually improving now and Coal India is likely to meet its offtake targets in the coming months."We expect sales volume to pick up in the coming months which will make up for the revenue revision arising out of grade adjustment of the mines. In case volume doesn't pick up, then we may consider revising the coal prices to make up for revenue", the official told Business Standard.However, the current demand condition, as per the official, will not call for an immediate hike in coal prices.Recently, the Coal Controller Organization had inspected 871 ...

Cease and desist from indulging in unfair business ways: CCI to Coal India

This time, the CCI has decided not to penalise firms as a fine of Rs 591.01 cr was imposed on CIL

Coal India April 2017 production slips 4.1%

Coal India's coal production in April 2017 declined by 4.1 per cent to 38.44 million tonnes

Coal India's sales outlook remains positive despite muted demand

The power demand in India has grown at 6-7% in the last two years

Coal India Limited projects converting floral waste to fertilisers

It said funds would not be a constraint for implementing such projects in various temples

Power sector to fuel Coal India's e-auction price

Higher global price may add spark

41% of Coal India's sampled mineral downgraded

Around eight per cent of the sample was upgraded

Coal India trade unions fear wage revision delay as board member terminated

Unions have demanded a 50% hike while Coal India is yet to decide on the minimum hike

Coal India falls short of output target as MCL, SECL falter

PSU firm post 7% deficit, achieves 554.13 mn tonnes versus 598.61 mn tonne target

After dull FY17, Coal India set to shine in FY18

Improving volume trends, price hikes and higher realisations should boost FY18 performance

Coal India actively looking to invest in coal assets in Australia

Coal India has also asked Mozambique if it can explore for coal in a new area

Coal India misses annual production target by 44.48 million tonnes

It also missed off-take target for 2016-17 by 55.45 million tonnes

Coal India facelift: CIL to become a tech-driven 'clean products' company

Company could get into segments such as coal tar, naphtha and coal gas, among many others

Just before retirement, Coal India terminates board member

The company did not specify the reasons for his termination

Why imported petcoke dampened Coal India's cement linkage auction

Despite petcoke prices remaining 108 per cent higher at the end of March 2017 at $ 92 a tonne, which can potentially dent the margins of the cement manufacturers, the companies in the sector continue to stick to petcoke imports rather than substitute the input material with Indian coal.Recently, in the coal linkage auction for the cement sector, Coal India, which conducted the linkage auction, faced disappointment with the results.Industry officials reasoned that the primary reason for the industry to stick to petcoke despite higher prices is the quality issue."Pet coke's quality is better as its heat value is 8,000 kilocalorie, while that of Indian coal is 3,500 kilocalorie on an average", Mahendra Singhi, CEO at Dalmia Bharat said.Industry officials cited that compared to petcoke, around 2.5-3 times more coal is needed to produce one tonne of cement.Normally, on an average, Coal India sells the linkages to the cement companies at Rs. 1,500-1,700 a tonne. However, transport cost and .

Coal India Director R Mohan Das' services terminated on govt's directions

The company did not specify the reasons for his termination

Coal India plans private mining consultancy foray

The projected liberalisation of the coal sector to private commercial miners later this year has opened new scope for Coal India, of late on a diversification mode.The government-owned entity has been engaging its subsidiary, Central Mine Planning and Design Institute (CMPDI) to execute services in exploration, mine planning & design and other mining needs. It now feels the latter can also play the role of a key mining consultant for state and private companies in a liberalised regime.As a result, it is preparing its consultancy arm to expand its horizon, not only in private coal mining but to venture into other mineral mining services as well. CMPDI often engages with the petroleum ministry as well and has been getting consultancy orders from private companies."Lately, there has been a three-fold increase in our revenue from private companies. With the (coal) mining sector opening up, Coal India, via CMPDI, can play its role as a key mining consultant," a senior CMPDI official ..

In liberalised coal mining regime, Coal India seeks advantage

The projected liberalisation of the coal sector has opened up a new scope for Coal India