Coal India Ltd’s quarterly profit jumped more than eight-fold as the world’s biggest coal miner produced more of the dry fuel, but profit fell slightly below analysts’ expectations, its financial results showed on Monday.
RAICHUR: The Karnataka Power Corporation Limited (KPCL) run by the government with an aim to quell power crisis that may loom large over the state in summer will invite a global tender to purchase coal.
KOLKATA: Coal India Ltd has set a “difficult” production target of 700 million tonnes for fiscal 2019-20, a “challenge” the mining major was ready to undertake in the wake of rising power demand, its Chairman A K Jha said.
CHENNAI: State Electricity Minister P Thangamani met Union Railway Minister Piyush Goyal in New Delhi on Tuesday to place a request for allotting an additional rail four rakes for transportation of more coal to the State.
BHUBANESWAR: State-run Coal India (CIL) cleared four projects with an ultimate capacity of 24.6 million tonnes (MT) per annum and a total capital investment of Rs 4,155.46 crore. These mines are expected to start production in a few years and will add to the company’s target of achieving one billion tonnes in output by 2020.
ANGUL: Severe coal crisis has once again gripped NTPC-Kaniha. The country’s second largest power plant is left with stock that would last for just one-and-half day. This is due to short supply of coal from Talcher coalfield of Mahanadi Coalfields Limited (MCL), in particular, the linked Kaniha mine for the last one month.
JHARSUGUDA: Mahanadi Coalfields Limited (MCL) has given its nod for construction of a coal corridor from Belpahar to Lakhanpur coal mines area in Jharsuguda district with certain conditions.The MCL management, in a letter to the district Collector, stated that the 4 km long coal corridor will be constructed after the land acquisition process is complete.…
NEW DELHI: India’s coal demand rose 7.5 percent to about 900 million tonnes in the year ending March 2018, Coal Minister Piyush Goyal told lawmakers on Wednesday.
CHENNAI: Tamil Nadu Generation and Distribution Corporation (TANGEDCO) has ‘robbed’ the State exchequer of at least Rs 1559.81 crore through its coal imports between October 2013 and February 2016, says the Comptroller and Auditor General Report (CAG) on Public Sector Undertakings for the 2016-17 financial year.Failure to implement variable pricing method, which calculates the price…
KOLKATA: At a time when the power sector is grappling with a severe coal shortage, it has come to light that the recruitment policy for top jobs in Coal India (CIL) and its group companies is in limbo. While at least six top-level post holders at the state-run miner are on the brink of an…