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 […]
Category: Coal
CIL Q4 net marginally down at Rs 4,589 cr; declares Rs 3.5 final dividend
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) […]
Coal India may announce 20-25% additional dividend on June 14: Report
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 […]
Coal India’s 114 mining projects under different stages of implementation
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 […]
Coal India hits 52-week high, regains Rs 1 trillion market capitalisation
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 […]
Coal India amends policy, allows export of fuel bought via e-auction
National miner Coal India ltd (CIL), has allowed its buyers from e-auction route to export the coal. CIL has tweaked its e-auction coal sale policy and has lifted the embargo on exporting coal procured through spot e-auction and special spot e-auction outlets Company executives said the move would increase the volume of trade on their […]
CIL pulls restriction on exporting coal procured through two spot auctions
State-owned CIL on Friday said that it has removed the restriction on exporting coal procured through two spot auctions. The development assumes significance as the current inventory of coal behemoth is little over 70 million tonnes (MT). “In a major policy shift, Coal India Ltd (CIL), effective from June 8, paved the way for domestic […]
Coal India hits 52-week high, regains Rs 1 trillion market cap
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 […]
Coal firms around the world aren’t setting up new mines, except Adani Group
The highest coal prices in years aren’t enough to spur investment in new mines in the face of heightened efforts by governments and financial institutions to get the world to abandon the dirtiest fossil fuel. Prices are surging from China to Europe as demand for coal rebounds from a virus-induced hit, and temporary mine outages […]
Coal India requests mn vaccine doses after nearly 400 staff die of Covid-19
Coal India Ltd., one of the nation’s biggest employers, has asked Prime Minister Narendra Modi’s government to help accelerate the vaccination of its work force after the deaths of almost 400 staff from Covid-19. The world’s top coal miner, which employs about 259,000 people, said it has written to government officials requesting about 1 million […]
Coal India’s e-auction sales up 52% YoY in April-May, as demand rises
National miner Coal India Ltd (CIL) has witnessed a 52.5 per cent increase in its e-auction coal sales, in the first two months of the current fiscal year, over corresponding period a year before. In a public statement, CIL said it allocated 21.5 million tonnes under the five auction windows. The company said as demand […]
Coal India’s e-auction sales up 53% in Apr-May at 21.5 million tonne
State-owned CIL on Monday said its e-auction sales registered a growth of 52.5 per cent at 21.5 million tonne (MT) in the first two months of the ongoing fiscal year. CIL’s total allocated quantity under the five auction windows was at 14.1 MT in April-May 2019-20, the coal behemoth said in a statement. “Coal India’s […]