Dividends have always been Coal India Ltd’s strong suit. This year, however, isn’t looking bright for investors on this count. The company’s interim dividend of ₹5.85 per share, announced last week, is lower than the Street’s expectations. With this, the coal producer’s cumulative dividend so far for this fiscal year stands at ₹13.1 per share. […]
NEW DELHI: Adani Enterprises might have to wait up to two years to get two environmental approvals to start construction at its controversial Carmichael coal mine in Australia, a Queensland government official told Reuters. Adani said in November that it would fund the mine and rail project itself, requiring the company to cut the initial […]
NEW DELHI: The government on Tuesday allowed sale of 25% of coal production from captive mines in the open market, a move aimed at increasing competitiveness and making future auction of blocks attractive. The decision was taken during the meeting of the Cabinet Committee on Economic Affairs under the chairmanship of Prime Minister Narendra Modi, […]
Beset by production challenges and lower price realizations in recent times, Coal India Ltd’s share price fell to an all-time low of ₹214 on 11 February on the National Stock Exchange. For all the pessimism, though, Coal India surprised the Street with better-than-expected volume growth and higher realizations. This was topped off with good discipline […]
Coal India Ltd, the world’s biggest coal miner, reported a 50.1% jump in third-quarter profit on Tuesday as it benefited from higher coal production. Its profit for the three months to December reached ₹45.67 billion($646.5 million), compared with 30.43 billion a year earlier, the company said.
The government Wednesday said coal supply by state-owned CIL to the power sector increased 7.3% to 407 million tonne (MT) in the current fiscal till February 4.
The Indian government will increase spending on exploration of coal and lignite by 20% in the coming financial year but will slash funding for coal mine safety and conservation, according to the budget document released on Friday.
Ahmedabad: Arvind Limited has entered into a joint venture with Polser AS (Turkey) – a global leader in laminated composite panels – for manufacturing corrugated and plain fiberglass sheets to serve the construction industry in India and overseas.
NEW DELHI: State-owned CIL announced that its board will meet on Monday to consider and approve buy back of shares of the company.
The Labour Ministry has decided to amend rules for allowing women to work in underground coal mines during day time and in open cast mines round the clock, for the first time, in a bid to bring gender equity and generate job opportunities.
New Delhi: 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.
NEW DELHI: 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.