Category: Coal

New Delhi: In a major development, state-run Coal India Ltd (CIL) has lifted the embargo on coal exports under its e-auction sales policy. Now coal purchasers, including traders, can export the coal bought through this route. This assumes significance given that CIL is India’s largest coal miner, with the allocation under spot e-auction and special […]

World’s largest miner Coal India Ltd is expected to reward its shareholders with an additional final dividend of 20-25 per cent in its board meeting on June 14 that will declare fourth-quarter financial results, sources said. The miner though failed to achieve targeted production and offtake targets for FY21 but it has surpassed the revised […]

In the largest ever coal mine auction, India is bidding out 67 mines with a total resource base of 36 billion tonnes of fossil fuel in the second tranche of commercial coal mine auctions. Also, starting form this tranche, the government is introducing a rolling auction mechanism “wherein any un-auctioned mine shall remain available for […]

New Delhi: Coal India chief Pramod Agrawal has said that the coal behemoth is alive and sensitive to the need for environmental protection and the PSU pursues sustainable mining practices persistently. The statement assumes significance especially when there have been concerns about global climate change on account of the burning of fossil fuels, including coal, […]

Coal is seeing a dramatic spike in demand just as several major miners are hit with production problems, sparking a surge in prices from China to Europe. Prices for the dirtiest fossil fuel are soaring as sweltering temperatures in North Asia increase air conditioning needs, adding to already strong demand due to the industrial recovery […]

India’s biggest bank is caught between Larry Fink and Narendra Modi. State Bank of India needs to finance coal projects to meet the Indian leader’s push to electrify more homes, yet it wants to back renewable projects to appease investors like BlackRock Inc. For now it’s doing a bit of both. “Investors’ concerns are very […]

State-owned CIL’s management is likely to start negotiations with the trade unions this month over the salary hike, a move that is likely to have financial impact on the world’s largest coal miner to a large extent, a trade union leader said on Wednesday. Nathulal Pandey, president of HMS-affiliated Hind Khadan Mazdoor Federation, said Coal […]

Coal India Ltd., the world’s biggest miner of the fossil fuel, is about to enter negotiations with trade unions over potentially hefty pay hikes at a time when the global push for clean energy is putting the industry’s future into doubt. The Indian coal giant is expected to begin talks this month that could result […]

NEW DELHI : State-owned Coal India Ltd on Tuesday said its coal offtake rose by 38% to 55 million tonnes (MT) in May on the back of revival of fuel demand from the power sector. “Spurred by the revival of coal demand from power sector, Coal India Ltd (CIL) scripted the highest ever coal off-take […]

NEW DELHI: State-owned Coal India Ltd (CIL) saw 55 million tonne (mt) offtake of the fossil fuel, a record, in May due to higher demand from the power sector. Supplies were 38% higher year-on-year, when electricity demand had dipped during the first wave of the coronavirus pandemic. “Even compared to pre-Covid May’19 the growth was […]

Despite Covid-19 restrictions in several states, Coal India maintained its output and dispatch momentum in May, the second month of the current fiscal, an official said. The mining major is likely to report dry fuel production of around 41.7 million tonnes and offtake of nearly 55 million tonnes this month as against production of 41.43 […]

NEW DELHI : India’s mineral production rose by 6.1% in March 2021 as compared to the year-ago period. The index of mineral production of mining and quarrying sector for the month at 139, was 6.1% higher as compared to the level in March 2020, the data released by the Mines Ministry said. The cumulative growth […]