Category: Coal

Shares of Coal India (CIL) were trading lower for the third straight day, down 2 per cent on the BSE on Tuesday to hit a 52-week low of Rs 118.85 on concerns that the road ahead might be tough for the state-owned company. The stock has fallen below its previous low of Rs 119.25, touched […]

State-run Coal India is readying a strategy to retrieve production from underground mines where mining was discontinued due to several challenges. The company has identified 12 such mines with provisional mineable reserves of around 1,060 million tonnes (MTs). Of these 12 mines, eight belong to Eastern Coalfields Ltd (ECL) and the remaining four fall under […]

PSU companies as a basket hardly created any wealth over the past 15-18 years. Let alone creating wealth, they have been wealth destroyers. Most of the companies are quoting at a huge discounts to their intrinsic values. They are severely under-owned and hated bets. Few of the companies even come with highly attractive dividend yields, […]

India will restrict its neighbours from joining commercial coal auctions, said the government as New Delhi and Beijing negotiate to end a border standoff in eastern Ladakh. The Centre had allowed 100 per cent foreign direct investment (FDI) under the automatic route for coal mining, including associated processing infrastructure. The coal ministry issued on Monday […]

Coal India Ltd (CIL) on Friday said it has introduced a new category of spot e-auction for importers only and aimed at replacing 150 million tonne of the fuel sourced from abroad with domestic supply. The coal procured under the “special spot e-auction scheme 2020 for import substitution” will be for use within the country. […]

Adani Enterprises’ Australian chief executive, Lucas Dow, will step down, the company said on Friday, as sinking coal prices add to climate change pressure to stretch the development timeline of a coal project in Queensland state. Dow, who joined the company in April 2018, steered the Carmichael mine and rail project through a drawn-out and […]

Coal India’s subsidiary Mahanadi Coalfields has ordered an 8-day wage cut for workers who went on a strike for three days to protest against private competition. It said the strike was illegal. About 80% of its 22,000 workers did not report for work during the strike. “It is noted… the employees… who have participated in […]

The three-day nationwide strike by coal workers, which entered the third day on Saturday, has been “100 per cent peaceful”, a trade union leader said. Five trade unions, including RSS-affiliated Bharatiya Mazdoor Sangh (BMS), of Coal India (CIL) have been on strike since Thursday to protest against the government’s decision to start commercial coal mining. […]

Coal India Limited (CIL) unions on Thursday started a three-day strike against the Central government’s decision to open the coal sector to private players. The workers raised slogans against the e-auction of coal blocks to private parties. Across the country, coal workers will be on strike between July 2-4. The workers are protesting against commercial […]

Protesting against the government’s decision to allow commercial coal mining, Coal India trade unions started their three-day strike beginning Thursday, a move that may hit around four million tonnes of production. The unions on Thursday went on the strike from the first shift which begins at 0600 HRS, Nathulal Pandey, president of HMS-affiliated Hind Khadan […]

Coal India has decided to reduce documents required for signing coal supply contracts with consumers in an effort to increase sales that dipped 26% year-on-year in May. Customers will no longer need to provide registration certificates for small-scale industries, trade or factory licences, latest income tax returns, pollution certificate or its application copy, and certified […]

Coal India notified prices for coking coal will remain the major factor in the market as the representative prices based on the Centre’s national coal index are much higher, senior executives and analysts said. Last week, the coal ministry rolled-out a national coal index based on weighted average prices of CIL’s notified, e-auction and import […]