Category: Coal

The overall coal stock in the country increased 44 per cent year-on-year to 110.58 million tonne (MT) on June 13, according to the Ministry of Coal. In a statement, the ministry said the higher coal stock position indicates the commitment to maintaining an ample supply of the dry fuel — a key ingredient required for […]

Kapurthala-based Rail Coach Factory (RCF) has registered a huge growth in the production of LHB (Linke Hofmann Busch) AC coaches in FY 2022-23. It also recorded growth in the manufacturing of MEMU coaches in the previous fiscal. The move comes following the long demands from various zonal railways. In the financial year 2022-23, the RCF […]

Coal India Ltd. is holding talks with residents opposed to a mine expansion that would create one of the world’s largest operations producing the fuel. Protests against plans for the Gevra site in the eastern province of Chhattisgarh threaten to complicate the company’s ability to win approvals to expand annual capacity to 70 million tons. […]

Coal minister Pralhad Joshi on Tuesday said the country needs to move away from open-cast to more environment-friendly underground (UG) mining, as he unveiled a vision plan for state-run Coal India (CIL) to quadruple production from UG mines to 100 million tonne (MT) by FY28. “We want to increase the share of UG mining of […]

Coal minister Pralhad Joshi on Tuesday said the country is well prepared to meet the demand for coal and there will be no shortage of the fuel during monsoon. Arrival of monsoon on the Kerala coast, where it hits on the Indian subcontinent, is delayed by three-four days. “I assure the country on behalf of […]

Domestic coal production was 7.10 per cent higher year-on-year at 76.26 million tonne (MT) in May. India had produced 71.21 MT coal during the same month in 2022, the coal ministry said in a statement. “Ministry of Coal has achieved a remarkable feat with a substantial surge in overall coal production during May 23, reaching […]

Coal India OFS opened for retail investors today, after receiving an overwhelming response from institutional investors on Thursday as the government’s 1.5% stake divestment in the coal PSU garnered 3.46 times the bids. However, despite the positive response to the OFS, the secondary markets demonstrated their disappointment, as Coal India shares tanked 4.4% in trade […]

The Coal India disinvestment bid received an overwhelming response yesterday, as the OFS was oversubscribed 346% by institutional investors. As a result, the government plans to exercise the green shoe option of divesting an additional 1.5% stake today, a portion of which will be open to retail investors. Despite the positive response to the OFS, […]

Institutional investors lapped up Coal India shares in this fiscal’s maiden government stake-sale, with Rs 6,500 crore bids pouring in on the first day of the offer-for-sale.The government had offered over 8.31 crore shares to institutional investors on Thursday under the offer-for-sale (OFS), but received bids for 28.76 crore shares or 3.46 times. At the […]

Coal India share price tanked 4.8% to Rs 229.55 today ahead of the central government’s bid to divest up to 3% equity stake in the company through offer for sale of shares (OFS). The Centre is likely to raise about Rs 4,200 crore from the sale of the full 3% stake at the base price […]

The government on Wednesday proposed to sell up to three per cent stake in Coal India Ltd through the offer for sale route from June 1.The Offer for Sale (OFS) will be open for retail and non-retail investors on June 1 and 2.The proposal is to offload 9.24 crore shares amounting to a stake of […]

Coal India Ltd (CIL) on Tuesday said it has increased prices of non-coking coal by 8 per cent. The prices will come into effect from Wednesday, the miner said in a regulatory filing. “The Board has approved a price increase of 8 per cent over the existing notified prices for high-grade coal of grade G2 […]