Coal India Ltd posted a 50-per cent jump in consolidated net profit at Rs. 4,567 crore for the quarter ended December 31, 2018, as compared to Rs. 3,043 crore same period last year. Net sales grew 8 per cent to Rs. 23,385 crore during the quarter under review, as against Rs. 21,643 crore logged in […]
Shares of Coal India will remain in focus on Monday, as its board will consider a proposal for buyback. If approved, this would be the second buyback by the Maharatna company in two years. The Centre currently owns 72.90 per cent stake in Coal India. Investors would be keen to know the issue size and […]
Coal India will raise around Rs. 1,065 crore through three buybacks of Rs. 355 crore each to its three subsidiaries.
State-owned Coal India supplied 360 million tonne (MT) coal to the power sector during April-December 2018, an increase of 7.9 cent over the year-ago period, according to official data.
India’s 2018 thermal coal imports rose at the fastest pace in four years, according to two industry sources, despite moves by Prime Minister Narendra Modi’s government to cut imports in a bid to reduce its trade deficit.
States insisting on fresh environmental and forest clearance delay monetisation of auctioned blocks
The New Mangalore Port will get a mechanised berth for handling coal by March.
Concerned about coal projects worth over Rs 11,000 crore facing delays, the Centre has asked Coal India and NLC India Ltd to identify the reasons behind it and submit a report, an official said.
The Singareni Collieries Company Limited is planning to take up seven new coal blocks in other States and 48 mines in Telangana to meet the growing demand for coal from thermal power plants and other consumers.
Odisha-based Mahanadi Coalfields Ltd (MCL), a subsidiary of Coal India, supplied close to 75.41 million tonnes (mt) of coal to power sector during the third quarter of this fiscal, as compared with 69.29 mt in the same period last year — registering a growth of around nine per cent.
Move comes after Coal India unions threatened to go on strike
The Supreme Court on Thursday told the Meghalaya government that it was not satisfied with the steps taken so far for the rescue of 15 people who are trapped in an illegal coal mine in the state since December 13.