Category: Coal

State owned Coal India (CIL) will invest an additional Rs 47,300 crore to produce 193 million tonne per annum (MTPA) above its sanctioned capacity of producing 303.5 MTPA from 24 existing projects. While a chunk of the investment earmarked will go in expanding the existing 24 projects, there will be fresh investments made in 8 […]

Mining fell by 17% this fiscal. The sector can be enhanced to 7% of the economy, as is the case with many mineral-rich countries, from the current 1.7%. The recent Cabinet decision recommending the amendment of the MMDR Act 2015 and the Rules related to this should bring a course correction, with ease of surveys, […]

State-owned miner Coal India ( CIL) has tied up with 17 power plants to drive import substitution, besides other measures that have helped it to push 71 million tonne of additional coal to consumers ending February this fiscal. This would help ease pressure on the government’s current account with dropping coal imports. All the 17 […]

India’s coal import registered a drop of 11.59 per cent to 180.84 million tonnes (MT) in the first 10 months of the ongoing fiscal. The company had imported 204.55 MT of coal in April-January period of the previous fiscal year, according to provisional data compiled by mjunction services. mjunction — a joint venture of Tata […]

The plans to allocate a large number of non-coal mining leases seem to have come a cropper in the current fiscal year. Compared with 43 blocks successfully auctioned in 2019-20, only six leases could be auctioned out so far in the current fiscal, data from the ministry of mines showed. Since the time mining allocation […]

Essar Oil and Gas Exploration and Production (EOGEPL), an investee company of Essar Global Funds Ltd, has signed a memorandum of understanding (MoU) for collaboration with the Indian School of Mines (IIT-ISM), Dhanbad, to jointly work on research and development of various advanced CBM technological innovations indigenously. With the CBM gas widely seen as green […]

Weak realisations. Coal India (CIL) reported weak performance as realisation for raw coal (contributing 80% by volumes) declined to Coal India1,354/tonne (-4% yoy) leading to flat revenues of Rs 217 billion despite 8.7% y-o-y growth in overall dispatches in Q3FY21. Strong e-auction volumes (+177% yoy) despite weak premiums (25% in 3QFY21) continued to salvage earnings […]

Coal India (CIL) has been able to bring down its overall expenses by 3.3% during the nine months of this fiscal to Rs 54,241 crore from Rs 56,079 crore during the corresponding period last fiscal. The reduction, mainly happening for the squeezing of employees’ benefits, didn’t reflect any operational efficiency, an analyst said. The PSU […]

The PSU miner Coal India (CIL) has been able to bring down its overall expenses by 3.3% during the nine months to Rs 54,241 crore this fiscal from that of Rs 56,079 crore during the corresponding period last fiscal. The reduction mainly happening for the squeezing of employees’ benefits didn’t reflect any operational efficiency, said […]

Coal India Ltd (CIL) on Monday said its overall expenditure declined by 3.3 per cent to Rs 54,241 crore in the first nine months of the ongoing fiscal. In a statement, the company also said its composite open cast production increased by 16.1 per cent in the April-December period. “CIL’s overall expenditure dropped to Rs […]

The Union coal ministry has added 11 new blocks to the list of mines planned to be offered for the second tranche of the commercial coal auctions. With the new additions, as many as 75 mines with reserves of about 38,000 million tonnes (MT) of the fuel, will tentatively be offered for commercial mining without […]

State-owned Coal India Ltd (CIL) on Thursday reported a 21 per cent decline in its consolidated net profit at Rs 3,084 crore for the quarter ended December 31, 2020 due to higher contractual expenses. It was Rs 3,921.81 crore in the same period a year ago, the company said. Net profit for the period after […]