Coal India achieved a staggering production of 536.51 million tonnes (mt) during the financial year ended March 31, 2016
The coal production in the last fiscal grew by 4.8% over 2014-15
Under this project, the Coal India subsidiary has created an eco-park on 15 acres of land
The move is aimed at competing against cheaper high grade coal from South Africa, Indonesia and Australia
In past one-month, the stock has underperforming the market by falling 15% as compared to 2.5% rise in the Nifty 50 index.
Rising volumes to drive revenues; increasing sales to non-power customers will perk up margins
Discoms from W Bengal, MP and Rajasthan, and DVC are major defaulters with combined outstanding amount of over 50%
The stock dipped 3% to Rs 277, its lowest level since April 7, 2014 on the National Stock Exchange in intra-day trade.
MCL produced a record 137.9 MT coal at a growth of 13.6%, it supplied 140.22 MT dry fuel to its consumers, registering a growth of 14%
It is the second straight year that Central Coalfields has achieved double digit growth and met its target as well
Eighty per cent of Coal India's coal is shipped to the state-owned power units across the country
The total available stock in the country is as high as 87.98 mt which is nearly 63 per cent higher than the near 54 mt stock available on April1, 2015
Coal India (CIL) has declared an interim dividend of Rs 27.40 per share for this fiscal
The board had approved payment of interim dividend @ Rs 27.40 per share of the face value of Rs 10
CIL accounts for over 80% of the domestic coal production
CIL accounts for over 80% of the domestic coal output is eyeing 550 MT of coal production by the end of current fiscal
Coal Secretary cites slump in demand as reason for decline in production
Senior officials at the company said the coal stocks have climbed up to 47 million tonne (mt) in February-end from the erstwhile 40 mt during December last year
Underground gasification of coal to ensure cleaner environment and enhanced coal washing is also being considered
Strong emphasis on increasing coal production has resulted in a record 9.8% growth in CIL's coal production