Category: Coal

The National Green Tribunal has rapped the Chhattisgarh government for not constructing a road for transporting coal from mines to thermal power plants to minimise air pollution. A bench headed by NGT Chairperson Justice Adarsh Kumar Goel directed the chief secretary, Chhattisgarh to ensure necessary action on the part of departments concerned on the subject […]

Adani Group’s Australian mining division Bravus Mining & Resources has struck coal in the much controversial Charmichael project in Queensland. Bravus Mining and Resources CEO David Boshoff noted that it was an exciting day for the over 2,600 people on the Project; a day that has been in the making for over a decade. “Nearly […]

The Adani group struck first coal from its Carmichael, Australia project on Thursday and will start shipping to its customers according to schedule. With this, the project will not only lift the economic prospects of the hitherto barren Australian outback, but also help Indian power plants to source cheap coal. The project had faced protests […]

The coal ministry on Tuesday announced revision in the timeline of the second tranche of auctions for commercial mining. In a statement, the ministry said the last date for registration of bidders and sale of tender documents on the MSTC website and the bid due date have been revised. The last date for submission of […]

BUY COAL INDIA | TARGET: Rs 158 | STOP LOSS : Rs 140 Coal India has corrected over 10 per cent in the last trading week and is trading close to the previous consolidation zone. On the daily time frame, the stock is hovering near its long-term exponential moving average, which even coincides with the […]

Coal India Limited has decided to close down 23 unviable mines and it would help save the company around Rs 500 crore considering all costs, officials said on Tuesday. The worlds largest miner has shut down 82 such mines in the last three-four years. Those 23 mines, comprising open cast and underground ones, to be […]

The government will receive Rs 1,426 crore as dividend from Coal India Limited (CIL) after the dry fuel miner on Monday announced an additional final dividend of 35 per cent or Rs 3.5 per share on equity shares of Rs 10 each, an official said. The total dividend payout for FY’21 stood at Rs 16 […]

National miner Coal India Ltd (CIL) saw its profit falling by 23.9 per cent in the financial year 2020-21 marred with low demand from both power and metal sector due to Covid pandemic. The company’s net profit stood at Rs 12,720 crore in FY21, down from Rs 16,700 crore a year before. This is a […]

State-owned Coal India on Monday reported a marginal 1.1 per cent decline in its consolidated profit at Rs 4,586.78 crore for the quarter ended March 2021 on the back of lower sales. The coal behemoth had posted a consolidated profit of Rs 4,637.95 crore in the same period a year ago, Coal India Ltd (CIL) […]

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 […]

State-owned CIL’s 114 ongoing coal projects, costing Rs 20 crore and above, are under different stages of implementation, according to a report. Implementation and completion of these projects depend upon critical extraneous factors such as possession of land, green clearances and evacuation infrastructure, the Coal Ministry said in its annual report 2020-21. In 2020, total […]

Shares of Coal India hit a 52-week high of Rs 164.45 as they rallied 5 per cent on the BSE in intra-day trade on Friday amid expectations of improvement in earnings going forward. The stock of the state-owned company surpassed its previous high of Rs 162.95, touched on February 26, 2021. In the past two […]