Category: Coal

The Union government is looking to dilute 1.5 per cent of total paid-up equity shares in Coal India (CIL). An offer for sale for 9,24,40,924 equity shares of face value of Rs 10 representing 1.5 per cent equity stake was announced on Wednesday with an oversubscription option of another 1.5 per cent stake at a […]

The government will offload up to three per cent stake in Coal India Ltd through the offer for sale route starting on Thursday and the disinvestment will fetch at least Rs 4,158 crore for the exchequer. This will be the first stake sale in a public sector undertaking by the government in the current financial […]

Coal India on Wednesday said that it is hoping to conclude the eleventh version of National Coal Wage Agreement (NCWA-XI) within a month, benefitting 2.38 lakh non-executive manpower in the company. The next round of talks is scheduled for May 19, the public sector miner said in a statement, which comes at time when the […]

Shares of Coal India Ltd fell by over 3 per cent in morning trade on Monday after the company reported a 17.7 per cent drop in its March quarter net profit. The stock declined 3 per cent to Rs 230 on the BSE. At the NSE, it fell by 3.11 per cent to Rs 230.

Coal India on Sunday reported a net profit of Rs 5,527.62 crore during the fourth quarter ended March 31, 2023. Profit was down 17.68 per cent from Rs 6,715 crore in the corresponding period previous year as the employee benefit expenses shot up during the quarter. Total sales of the public sector miner during Q4FY23 […]

One in every three coal workers in Jharkhand prefers agriculture as an alternative livelihood option once India moves away from coal and towards clean energy sources to meet its Net Zero goals, reveals a new study. The study “Livelihood Opportunities for a Just Transition in Jharkhand” a perception study by Climate Trends LLP, in partnership […]

Core infrastructure sector growth slowed down to a three-month low of 6 per cent in February, with six of the eight sectors reporting a sequential decline. The output of the core sectors had increased 8.9 per cent in January 2023. Barring crude oil, all the segments posted an increase in production. Crude oil output contracted […]

Adani Krishnapatnam Port Pvt Siding Ltd of South Central Railway zone’s Vijayawada Division has logged highest ever, 12.95 MT, coal loading milestone in 2022–23, said an official. This milestone, accomplished on Friday, surpassed the earlier feat of 12.94 MT logged in fiscal 2014-15, said the official. “This is the highest ever coal volume dealt in […]

Coal India Chairman Pramod Agrawal on Monday said there is a “strong case” for increasing coal prices, and the hike could be effected “very soon” as discussions are underway with stakeholders. Agrawal also said he is confident the mining behemoth will achieve its production target of 1 billion tonnes by 2025-26. “There is a strong […]

Coal India has chalked out its supply plan for thermal power plants for next year. The public sector miner on Tuesday said it would supply 156 million tonnes (mt) to the power sector during the peak summer months of April-June amid concerns over a spike in demand. The supply in the first three months of […]

Aam Aadmi Party MP Sanjay Singh on Friday alleged favouritism in the restored allocation of two coal mines in Chhattisgarh to the Adani group. He further alleged that the business conglomerate was overpricing the coal and also diverting it to its own plants. According to a recent news report by The Reporters Collective, published on […]

Coal India is on track to achieve the 700 million tonnes (mt) production target for 2022-23. The public sector miner has produced 619.7 mt in the 11 months of the ongoing fiscal, posting a growth of 14.3 per cent over the corresponding previous period. Coal India produced 80.3 mt in March 2022 and the same […]