Category: Coal

Trade unions of Coal India have deferred their strike plan after a court ordered the company to pay salaries as per the latest wage pact. “The strike has been deferred after a court order directing the company to pay the salaries as per the latest agreement,” Amarjeet Kaur, General Secretary of All India Trade Union […]

Coal minister Pralhad Joshi on Wednesday said a financial outlay will be announced soon to further strengthen sustainable mining in the country with a focus on green coal technology. Clean coal technologies have been developed and deployed to reduce the environmental impact of coal utilisation, he said while addressing the valedictory session of National Workshop […]

The energy system’s transition away from coal will leave miners with the equivalent of 100 job cuts daily through 2035, mostly in China and India. Mine closures will eliminate about 15% of global coal mining jobs by that year, about 400,000 in total, according to a new report published by Global Energy Monitor this week. […]

MUMBAI – Shares of Coal India surged to their highest level in nearly five years on Tuesday on prospects of an all-time high dividend in the current fiscal amid robust sales volumes and improved pricing in e-auctions. Shares of the country’s largest miner closed over 5% higher at 303.25 rupees, and were the best performers […]

State-run Coal India (CIL) could deliver its highest-ever dividend per share (DPS) payout of Rs 30 for FY2024, Nuvama said in a note as it raised its interim DPS estimates from an earlier Rs 20, which will translate into an annualised dividend yield of 21%. The payout is expected to be in H2 of FY2024, […]

New Delhi: State-owned CIL on Monday reported a 12.6 per cent year-on-year rise in coal production to 51.4 million tonnes (MT) last month. The PSU had produced 45.7 MT of coal in the year-ago period, Coal India Ltd (CIL) said in a BSE filing. The company’s output in the April-September period also increased by 11.3 […]

NEW DELHI: Supply of coal to the power sector by state-owned Coal India increased 3.4 per cent to 294.8 million tonnes in the first six months of the current fiscal even as the demand for electricity touched record highs in the past two months, the maharatna firm said on Monday. The total amount of coal […]

New Delhi: The government on Wednesday said the sustainable utilisation of mine water resources by public sector companies under the coal ministry has benefitted 17.7 lakh people across 981 villages of nine states. In the course of coal mining operations, a substantial volume of mine water accumulates in mine sumps. This stored mine water serves […]

India’s steam coal imports dipped by 6% year-on-year in the April-July period, as less pressure on power plants’ stocks and drop in domestic e-auctioned fuel prices reduced the demand for imported fuel. Shipments from Indonesia dipped by almost a fourth from a year ago. Total steam coal imports for the period stood at 60.7 million […]

New Delhi: The mineral production sector in India witnessed a significant upswing in July 2023, with a remarkable 10.7 per cent increase compared to the same month in the previous year. These findings are based on the latest data released by the Indian Bureau of Mines (IBM), indicating a positive trajectory in the country’s mineral […]

The Centre on Friday entered into pacts with six bidders, including Hindalco Industries and NLC India Ltd, which bagged coal blocks under the seventh round of coal mines auction. The government had launched the seventh round of auctions for commercial mining of coal blocks, putting 106 mines under the hammer. In a statement, the coal […]

NEW DELHI: Mining shares closed lower in the Friday’s session. Madhav Marbles and Granites(up 5.56%), KIOCL(up 5.22%), 20 Microns(up 2.43%), Lexus Granito(up 1.09%), Coal India(up 1.03%), Orissa Minerals Development Company(up 0.67%), Ashapura Minechem(up 0.60%) and Aro Granite Industries(up 0.09%) stood among the top gainers.