Category: Coal

MUMBAI: Amid a strong demand recovery in mining and construction equipment industry since late June 2020, rating agency ICRA has estimated that the Industry’s volumes to grow by 20% in 2021, and has revised the volume decline during 2020 to be at 12-14% from 15-20% predicted earlier. “The ratings agency in May 2020 had estimated […]

CHENNAI: Coal India Ltd NSE 0.69 %, the world’s largest coal miner, said on Monday it would invest Rs 5,650 crore ($763 million) by March 2024 to build 14 solar projects to help power its mining operations and cut costs. The state-run company will fund nearly two-thirds of its plan to construct rooftop and ground-mounted […]

NEW DELHI: The Centre is keen on finding a solution to the Goa mining issue as it is the core economic activity of the state, Union Mines Minister Pralhad Joshi said. Mining operations in Goa came to a grinding halt in March 2018 after the Supreme Court quashed 88 mining leases. “Goa has given some […]

Mumbai: As countries including India, China, Japan and Korea would look to meet their carbon emission standards they are set to cut down on consumption of coal Moody’s research said. The research said that most countries would gradually aim at reducing their dependence on power generated from coal.

New Delhi: State-owned Coal India NSE 0.94 % Ltd (CIL NSE 2.27 %) on Monday said it has issued tenders for all 35 mining projects identified for mechanised transportation of dry fuel and setting up coal handling plants and silos for rapid loading at an estimated cost of Rs 12,500 crore. Under mechanised transportation, coal […]

Mumbai: Chowgule and Company, a part of the Goa-based Chowgule Group, has appointed Rajeev Bora as the Chief Executive Officer of its mining division following the firm recently winning the bid for commercial mining of coal from Sahapur (East) mine in Madhya Pradesh. A veteran of the mining industry, Bora will be responsible for leading […]

PANAJI: Goa Chief Minister Pramod Sawant on Sunday said the coal handling at the Mormugao Port Trust (MPT) would be reduced by more than 50 per cent by introducing alternative tourism projects including launching of a RORO (Roll On Roll Off) ferry service. Speaking to reporters, he ruled out allegations of compromising on the environment […]

NEW DELHI: The Centre is planning to come out with the proposed mining reforms in a month or so and the auction of mineral blocks will kickstart two to three months after the amendments take place, Coal and Mines Minister Pralhad Joshi has said. The mines ministry had earlier sought suggestions from the general public, […]

New Delhi: The Centre is looking at mining reforms, including amendments to the Mining Act and auction rules, Coal and Mines Secretary Anil Kumar Jain has said. These are progressing well and in the next six to eight weeks the reforms are likely get adopted in the statute book, he added. The statement assumes significance […]

New Delhi: Coal Minister Pralhad Joshi on Thursday said the Centre is planning to go for next round of auction of blocks in January and also appealed to the states to cooperate with commercial mine allottees to facilitate early operationalisation of the blocks as it would create a positive atmosphere and boost confidence of investors. […]

KOLKATA: The Centre will receive an amount of Rs 3,056 crore as dividend from Maharatna PSU Coal India Ltd as the miner has announced an interim dividend at a rate of Rs 7.50 per share for the 2020-21 financial year, an official said. The total interim dividend outgo for Coal India NSE -2.58 % will […]

NEW DELHI: Coal India NSE -2.90 % on Wednesday posted 16.31 per cent year-on-year (YoY) fall in consolidated net profit at Rs 2,948.12 crore for the quarter ended September 30. It had reported a profit of Rs 3,522.70 crore for the corresponding quarter last year. The board also approved an interim dividend of Rs 7.50 […]