Category: Coal

New Delhi: Industrialist Naveen Jindal-owned JSPL on Thursday said its subsidiary Jindal Power has been declared as the successful bidder for a block of Gare Palma coal mine in Chhattisgarh. In a statement, Jindal Steel and Power Ltd (JSPL) said the coal ministry has declared Jindal Power as the successful bidder for Gare Palma IV/1 […]

Coal India Ltd (CIL) is exploring moving to other pastures for growth. After struggling to ramp up production of coal for some time now, the firm has not been able to deliver shareholder returns this year due to a barrage of concerns. A shift towards renewable energy, environment concerns for thermal power sector, and competition […]

NEW DELHI : The government mopped up ₹8,964.75 crore till last month from the auctioned and allotted mines, according to the coal ministry. These revenue figures consist of upfront amount and monthly premium only, while royalty and taxes or cess are payable over and above these payments, the coal ministry said in its E-Booklet on […]

Mining major Coal India Ltd will likely undergo a reform in marketing and sales next year, a top government official said on Wednesday. The exercise, among other improvements, will aim at doing away with multiple types of auctions of the dry fuel. “I will not say coal reforms are over. Coal mining reforms have happened […]

After several months of tepid volume growth and rising renewable capacities, investors had shied away from Coal India Ltd. Its stock dropped to all-time lows in October. But a recovery in sales and low valuations is lifting sentiments. November’s production and sales volumes were up 3.3% and 8% year-on-year (y-o-y). The stock gained 2.6% on […]

NEW DELHI : State-owned Coal India Ltd (CIL) on Monday said it has been served a one-day strike notice by four trade unions for November 26, 2020. “Four trade unions of CIL have served one-day strike notice in CIL and its subsidiaries on 26.11.2020,” the company said in a BSE filing. Efforts would be made […]

State-run Coal India Limited on Wednesday reported 16% decline in consolidated net profit for the quarter ending 30 September, 2020 at ₹2,952 crore. It was ₹3,523 crore in the year-ago period. The company’s board approved payment of interim dividend for the financial year 2020-21 at ₹7.50 per share. The date of payment of interim dividend […]

The Centre will receive an amount of ₹3,056 crore as dividend from Maharatna PSU Coal India Ltd as the miner has announced an interim dividend at a rate of ₹7.50 per share for the 2020-21 financial year, an official said. The total interim dividend outgo for Coal India will be ₹4,622 crore after the company’s […]

Real estate, infrastructure and pharmaceutical companies were among the winners of India’s first coal mine auctions open to the private sector without restrictions on end-use, the government said on Monday. Coal production in India has largely been restricted to state-run Coal India Ltd and another smaller government-controlled company, but Prime Minister Narendra Modi opened up […]

New Delhi: Coal minister Pralhad Joshi on Monday said India’s window for using its coal reserves may only last for another 20-30 years. The statement comes at a time when fossil fuel investments are losing sheen and global energy investment landscape is rapidly evolving, with a focus on environmental, social and governance (ESG) investing. While […]

NEW DELHI : Sarda Energy and Minerals Ltd placed the winning bid for Gare Palma IV/7 coal mine in Chhattisgarh by quoting the highest ever revenue share or premium over and above the floor price in the first commercial coal mine auctions that ended today, said a government official. Sarda Energy and Minerals Ltd quoted […]

New Delhi: The sixth day of commercial coal mine auctions is expected to see Adani Enterprises Ltd, Aditya Birla Group’s EMIL Mines and Minerals Resources Ltd, India Coke and Power Pvt Ltd and Vedanta Ltd vying for Gondulpara mine in Hazaribagh district of Jharkhand. The Saturday auction comes in the backdrop of Aditya Birla Group-owned […]