Category: Coal

Coal India Ltd subsidiary –Mahanadi Coalfields Ltd — is likely to miss its production target for the 2018-19 fiscal, as ongoing protests at some of its key mines continue to hamper output, company sources have said. Protests by villagers seeking employment, among other demands, have led to loss of production hours in the current fiscal, […]

NTPC’s ambitious plan to move coal from high seas to its generating station at Farakka via the inland waterways faces hurdles with an arbitration award of Rs 2,000 crore being slapped against it. The arbitration under Justice Vikramjit Sen, Justice BP Singh and Justice Anil Kumar slapped the penalty since NTPC failed to lift the […]

Shortage of coal at power plants, inadequate tariff hikes and rising operational costs after the 7th Pay Commission have been putting additional pressure on already hard-pressed electricity distribution companies (discoms). In a review meeting recently held here to map the progress of various schemes under the Union power ministry, discom officials also blamed the late […]

The National Company Law Appellate Tribunal (NCLAT) has set aside an order by the Kolkata bench of the National Company Law Tribunal which allowed initiation of insolvency proceedings against Eastern Coalfields (ECL), a subsidiary of India’s largest miner Coal India. Earlier, the NCLAT had stayed the order passed by the tribunal to initiate the corporate […]

Offer for larger coal blocks for commercial mining by the private sector and a separate commodity exchange for the sector were identified by industry veterans as ways to bolster commercial coal mining in the country. Speaking at an event on commercial coal mining organised by industry body Assocham here on Thursday, sector representatives also called […]

Coal India on Tuesday reported a 33.85% increase in its consolidated net profit to Rs 4,565.74 crore for the December quarter 2018, much above market expectations.

Given the surge in power demand during the summer season, the power ministry has asked the coal and railway ministries to ensure sufficient fuel supplies to the power plants so that they can run at full capacity utilisation levels (PLFs).

Mining behemoth Coal India (CIL) has put the process of procuring various types and sizes of high capacity heavy earth moving machinery (HEMM) on the fast track to press these into operation in its open cast mines as soon as possible. This move would bolster CIL’s production on the back of an investment of above […]

As NTPC continues to add thermal generation capacities to its portfolio amid sustained under-recoveries due to coal shortage, it is also increasing the coal import target to meet the additional fuel demand. For its goal to add 4,880 MW thermal capacity by FY19-end, NTPC would have incremental coal requirement of 18-20 MT, the company management […]

While power plants across the country are set to step up generation in view of the surge in electricity demand due to the upcoming general elections, dispatches of coal from the mines of Coal India (CIL) has fallen for the second straight month in January. The state-owned behemoth supplied 52.8 MT and 52.4 MT of […]

The board of state-owned Coal India (CIL) on Monday approved to buy back 4,46,80,850 of its equity shares, or 0.72% of its total outstanding shares, at Rs 235 per share to raise Rs 1,050 crore. The record date for transaction has been decided to be February 15.

With a big shortfall in indirect tax revenue — the collections in April-November were hardly 2% higher than the year-ago period versus FY19 growth estimate of 22% — the Centre has asked a clutch of central PSUs to speed up their planned share buybacks, a mechanism via which it wants to net upwards of Rs […]