Category: Coal

The production from captive coal mines of NTPC almost doubled to 8.48 million metric tonnes (MMT) in the first quarter of FY24, a statement said on Saturday. NTPC produced 4.27 MMT coal from its captive mines in Q1 FY23, the company said in the statement. The despatch of coal from its mines more than doubled […]

In the commercial coal mining auction, 22 companies have placed 35 bids for 18 coal blocks, revealed the press release of the Coal Ministry. The bid for coal mining was started on March 29, 2023, by the Nominated Authority of the Coal Ministry. Sherband coal mine has seen the highest number of bids which is […]

Coal India Chairman Pramod Agrawal said on Thursday that the company should continue to remain as a “government entity” in the future to maintain “price stability” of the dry fuel in the country and suggested an alternative methodology for coal pricing in future. In an interview with PTI a day before his term ends as […]

New Delhi: A special CBI court has taken cognisance of a charge sheet filed by the agency against its former director Ranjit Sinha (who passed away in 2021); Vijay Darda, former member of Rajya Sabha; businessman Devendra Darda, Vijay Darda’s son; Santosh Bagrodia, former minister of state (MoS) for coal; and K Sudhakar, former senior […]

The government on Wednesday will release a list of ‘critical minerals of India’ for the first time, an official statement said. The list will be released by Union Minister of Coal, Mines & Parliamentary Affairs Pralhad Joshi, it said. “The Ministry of Mines is all set to unveil for the first time the list of […]

Technical bids coming for the seventh round of commercial coal block auctions will be opened on June 28, an official statement said on Monday. “As part of the auction process, Technical Bids comprising of online and offline bid documents will be opened on June 28, 2023, 10:00 am onwards at New Delhi, in the presence […]

After a scathing report by US-based short-seller Hindenburg sparked not only a multi-billion dollar plunge in Adani Group stocks but also created a political furore, billionaire Gautam Adani blamed vested interests for exploiting the situation. “The short-selling incident resulted in several adverse consequences that we had to confront. Even though we promptly issued a comprehensive […]

The Coal Ministry has said it approved a wage revision agreement that was reached with trade unions for non-executive employees of Coal India Limited. The agreement provides for a 19 per cent of minimum guaranteed benefit from July 1, 2021, on emoluments – basic, Variable Dearness Allowance (VDA), Special Dearness Allowance (SDA) and attendance bonus […]

Billionaire Gautam Adani’s conglomerate Adani Group on Friday said it was not aware of of any subpoena being issued to investors by authorities in the United States. It also reiterated that its various issuers’ groups remain confident that the disclosures issued by the company are full and complete.

The stock market is known for its constant fluctuations, and identifying potential investment opportunities requires careful analysis. In this article, we delve into stocks that have closed below their 200-day Simple Moving Average (SMA), indicating a potential change in market sentiment and a possible entry point for investors seeking undervalued stocks.

The Supreme Court of India on Thursday said that the Competition Act will apply to Coal India Ltd, a stand opposed by the PSU. The case has been remanded back to the Competition Commission of India (CCI) for deciding the issue on merits. The CCI had imposed a penalty of Rs 1,773.05 crore on Coal […]

The power ministry on Monday mandated imported coal-based power plants to run at full capacity till September 30 to meet the high power demand amidst soaring temperatures across the country. The ministry had in February directed these plants to run optimally from March 16 to June 15 under Section 11 of the Electricity Act. Monday’s […]