Coal articles

Five independent directors reappointed to CIL board

State-owned Coal India (CIL) Monday announced the reappointment of five independent directors – Loretta M Vas, Vinod Jain, DC Panigrahi, Khanindra Pathak, SB Agnihotri – to its board. The “five independent directors were appointed by the ministry of coal vide its letter….dated November 17, 2015, for a period of three years. On completion of their

Unions urge Coal India employees to ignore govt’s share sale offer

Coal sector trade unions opposing the dilution of the government stake in Coal India has urged the employees against participating in the ongoing five per cent offer for sale (OFS) meant for employees. The OFS of five per cent or 99,00,196 shares to employees at Rs 254.22 after discount opened on Monday and will remain

CIL eases mine-specific supply policy for small consumers

Coal India Ltd has relaxed the norms for “mine-specific coal supply” policy, which would ease availability of the dry fuel to consumers having less than one million tonne of requirement per annum. The move would benefit a large number of the mining major’s linked small consumers, the company said. “The policy norms have been relaxed

CIL maintains 652mn tn output aim in FY19; govt’s OFS opens

Coal India Ltd on Wednesday maintained that its production target would be 652 million tonne for fiscal 2018-19, even as the government embarks on an OFS programme to sell 3 per cent stake in the mining behemoth. The Centre’s two-day offer for sale (OFS) at a floor price of Rs 266 a piece opened for

At 35%, Indian coal imports rise at the fastest rate in 42 months

India’s thermal coal imports rose at the fastest pace in three-and-a-half years in the September quarter, spurred by new demand and domestic infrastructure bottlenecks that are threatening government plans to cut foreign supplies. Imports jumped 35 per cent to 42.7 million tonnes during the three months ended Sept. 30, according to data from American Fuels

Coal India to get 8 new coal blocks with 1.3 billion tonnes reserves

The government has identified eight new coal blocks with total reserves of around 1.3 billion tonnes that are likely to be allotted to Coal India. The allocation was recommended by a committee formed to identify additional coal and lignite blocks for allocation, headed by additional coal secretary. It had examined about 150 blocks with the

CIL aims to supply 17.5 mt coal a year to captive power producers

State-run monopoly miner Coal India (CIL) plans to supply 17.5 million tonnes of coal annually to captive power producers for five years through an auction that started last week and is slated to conclude on October 10. The average base price for the fuel on offer is around ₹1,343 per tonne while premiums offered by