CIL's output in April-December of this fiscal stood at 377.7 MT, lower than the target of 417.5 MT
CIL accounts for over 80 per cent of the domestic coal production
Co's average price realisation declines in 2016; 2-3 quarters may not see improvement
Average price is likely to remain muted in the coming 2-3 quarters
Weak demand and realisations impacted the performance in Q2 but prices and volumes are rising again
The stock dipped 3.6% to Rs 295 on the BSE in early morning trade.
CIL, through its subsidiary Western Coalfields, is eyeing to open one mine every month with a total production capacity of around 30 million tonnes per annum
World's largest coal miner had set a target of 360.84 MT during the April-November period of 2016-17 financial year
Coal India is offering discounts of 35 per cent for lower grades and 20 per cent for middle grades to power plants
Plans to put up more coal for e-auctions
The coal ministry had earlier announced that it had advanced the date for going totally digital from Nov 1 to Oct 16
The offer would be for buyback of equity shares not exceeding 10,89,55,223 of face value of Rs 10 each at a price of Rs 335 per equity share
The buyback programme is worth Rs 3,650 crore
Soft demand from power sector remains factored in, but rising prices to push up e-auction realisations
The project, which will be a government-to-government deal, will help reduce India's coal import
In 2015-16, the miner produced 536.51 mt of coal against a target of 550 mt and its off-take stood at 532.26 mt
A senior company official says the plan is to set up new-age refineries that can realise the full value of coal
Interview with Chairman and Managing Director, Coal India
After making a weak opening, the scrip further lost 2.72 per cent to Rs 321.70 on BSE
Depleting interest income on cash reserves, poor response to e-auctions impact bottom line