By opening the door to private players for commercial mining, the coal sector this year witnessed its biggest reform in over four decades.
The National Company Law Appellate Tribunal (NCLAT) has stayed the commencement of corporate insolvency proceedings against Eastern Coalfields Ltd (ECL), a subsidiary of Coal India.
The Kolkata Bench of the National Company Law Tribunal (NCLT) has directed initiation of corporate insolvency resolution process (CIRP) against Eastern Coalfields Ltd (ECL), a subsidiary of Coal India.
The board of directors of Coal India on Thursday approved an interim dividend of Rs. 7.25 a share for financial year 2018-19. The company has already fixed December 31 as record date for payment of dividend.
There is no shortage of coal in the country right now, Minister for Coal Piyush Goyal informed the Lok Sabha on Wednesday.
Global coal demand will edge higher until 2023 as growth in India and other Asian countries offsets a decline in Europe and the United States, the International Energy Agency (IEA) said on Tuesday.
The World Bank, Canada and the UK on Thursday announced “financial, technical and advisory support” for developing countries that intend to move away from coal, towards renewable energy.
There is no shortage of coal at any of the major consumers of Northern Coalfields Ltd, according to company Chairman and Managing Director, PK Sinha. But, the north-bound evacuation of coal is a challenge, he said.
Coal-based industries in Odisha are facing acute shortage of the fossil fuel which is affecting operations of several captive power plants in the state, industrialists said here on Saturday.
The Central Government has sold 2.21 per cent stake in state-owned CIL to the CPSE ETF which is managed by Reliance Nippon Life Asset Management Ltd.