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CIL should prioritise augmenting coal production, supplies to reduce import: Minister

CIL should prioritise augmenting coal production, supplies to reduce import: Minister

Mon, Nov 04, 2024

State-owned CIL's priorities should be to ramp up production of coal and scale up supplies to reduce imports, Union Minister G Kishan Reddy has said.

Coal sector PSUs poised to cross Rs 21,030 crore Capex target for 2023-24

Coal sector PSUs poised to cross Rs 21,030 crore Capex target for 2023-24

Wed, Feb 21, 2024

Coal sector PSUs (public sector undertakings) have been at the forefront with their CAPEX to assist and contribute in transforming Indian economy and as we navigate through the current fiscal year of 2023-24.

Coal India posts better-than-expected Q2 results on high power demand amid weak monsoon

Coal India posts better-than-expected Q2 results on high power demand amid weak monsoon

Mon, Nov 13, 2023

Power demand in India, which usually peaks in May due to extreme summer heat, remained high in the reporting quarter due to unusually dry weather and higher economic activity, amid a drop in hydroelectric output.

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Coal India production rises 12.6% in September

Coal India production rises 12.6% in September

Mon, Oct 02, 2023

Coal offtake is the amount of dry fuel supplied from the coal pitheads.

Mahanadi Coalfields aluminium project to cost Rs 34,000 crore; company seeks equity limit exemption

Mahanadi Coalfields aluminium project to cost Rs 34,000 crore; company seeks equity limit exemption

Mon, Aug 21, 2023

The planned investment in aluminium complex includes acquiring a bauxite block at Sijimali or Kutrumali in Odisha to mine six million tonnes of bauxite per annum. Initially, the end-product would be primary aluminium ingots with value added products introduced later.

Coal India's output rises 11% in July despite Monsoon-induced disruptions in mining activity

Coal India's output rises 11% in July despite Monsoon-induced disruptions in mining activity

Mon, Aug 01, 2022

The public sector enterprise produced 207.1 MT of coal in the first four months of the ongoing fiscal, registering a growth of 24.3 per cent over 166.6 MT in the year-ago period.

Tenders floated for CIL's 135 km east-west rail corridor

Tenders floated for CIL's 135 km east-west rail corridor

Thu, Sep 24, 2020

Coal India Ltd (CIL) on Thursday said two large value tenders have been floated to construct 135 km east-west rail corridor at an estimated cost of Rs 4,970 crore in Chhattisgarh through an SPV. The railway line on completion will have capacity to evacuate 65 million tonnes (MT) of coal from the opencast mines of CIL arm South Eastern Coalfields Ltd (SECL), CIL said in a statement

Coal India boosts supplies to power plants by 14% in April

Coal India boosts supplies to power plants by 14% in April

Sun, May 06, 2018

Coal supplies to the power sector from CIL in April 2017 were 35.20 million tonnes (MT). "The volume increase was 5.1 MTs," the official said. CIL has gradually improved coal stocks at power plants to around 16 MT as of April 30 from that of a little over 7 MT six months ago, the official added

Coal additional secy Suresh Kumar likely to be acting chairman of Coal India

Coal additional secy Suresh Kumar likely to be acting chairman of Coal India

Fri, Apr 20, 2018

The government last year began the hunt for a full-time CMD of CIL and invited applications from professionals from PSUs as well as the private sector.

CIL looking to buy stakes in overseas coking coal mines

CIL looking to buy stakes in overseas coking coal mines

Wed, Dec 20, 2017

In a written reply to Lok Sabha, Coal Minister Piyush Goyal said, "CIL (Coal India) is pursuing available opportunities for buying equity stakes in coking coal mines abroad."

Coal India's output target likely to be set at 660 million tonnes for FY18

Coal India's output target likely to be set at 660 million tonnes for FY18

Fri, Jan 06, 2017

State-owned Coal India Ltd's (CIL) production target may be set at 660 million tonnes (MT) for the next fiscal. "Coal India's production is likely to be set at 660 million tonnes (MT) for 2017-18," an official said.

Coal India allocates 30% less coal under spot e-auction in November

Coal India allocates 30% less coal under spot e-auction in November

Sun, Jan 01, 2017

State-owned CIL allocated 3.1 million tonnes of coal under spot e-auction in November 2016, down 29.5% from the year-ago period. The decline comes amid government's goal of securing availability of coal to meet the demand of various sectors including power.

7 among top 10 companies lose Rs 44,928 crore in m-cap; SBI worst-hit

7 among top 10 companies lose Rs 44,928 crore in m-cap; SBI worst-hit

Sun, Dec 25, 2016

Seven of the 10 most valued companies took a combined hit of Rs 44,928 crore in their market valuation last week, with State Bank of India (SBI) reporting maximum losses, even as the benchmark Sensex lost 1.69%.

Six of top 10 companies take Rs 38,221 crore hit in mcap; CIL loses most

Six of top 10 companies take Rs 38,221 crore hit in mcap; CIL loses most

Sun, Dec 18, 2016

Six of 10 most valued companies took a combined hit of Rs 38,221 crore in their market valuation last week, with Coal India Ltd (CIL) bringing up the maximum losses, as the benchmark Sensex lost nearly 1%.

Coal India completes Rs 3,650 crore buyback of equity shares

Coal India completes Rs 3,650 crore buyback of equity shares

Sun, Oct 30, 2016

State-run Coal India on Saturday said it has completed buyback of equity shares worth Rs 3,650 crore. The buyback, which opened on October 3 this year, closed on October 18 and the total number of shares brought back was 10.89 crore at a price of Rs 335 per share.

ITC, 8 others take hit of Rs 57,065 crore in market valuation

ITC, 8 others take hit of Rs 57,065 crore in market valuation

Sun, Oct 02, 2016

Combined market valuation (m-cap) of 9 of the top 10 most valued Indian companies plummeted by Rs 57,065.11 crore last week, with ITC taking the sharpest hit.

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