Category: Coal

State-owned Coal India Ltd (CIL) on Monday said it has reached an agreement with its 2.38 lakh strong non-executive workers over the revision of wages. Under the agreement reached, a 19 per cent minimum guaranteed benefit from July 1, 2021, on emoluments (basic, VDA, SDA & attendance bonus) and a 25 per cent increase in […]

India’s coal production jumped 8.85% to 73.14 million tonne (MT) in April 2023 and the total coal despatch during the month went up 11.66% to 80.35 MT as against the corresponding figures in the previous year. In April 2022, coal production stood at 67.20 MT and the coal supply was 71.96 MT, as per the […]

India’s coal imports increased by 30 per cent to 162.46 million tonnes in the 2022-23 financial year against 124.99 MT in the year-ago period, according to a report. The import of coking coal rose 5.44 per cent to 54.46 MT over 51.65 MT in FY22, mjunction said in its latest report. In March alone, the […]

Coal India Ltd, the world’s largest coal miner, on Sunday reported 17.7 per cent drop in its March quarter net profit on higher provision made for wage revision of employees.Consolidated net profit of Rs 5,527.62 crore, or Rs 8.98 per share, in January-March is compared with Rs 6,715 crore, or Rs 10.86 a share earning […]

Adani Group has received assurances of financial support from three Japanese banks – Mitsubishi UFJ Financial Group, Sumitomo Mitsui Banking and Mizuho Financial Group – according to sources close to the development. The three banks are not current lenders to the group and the support from them will include loans for new projects and refinancing […]

Adani Enterprises on Thursday posted a jump of 137.4 per cent in profit for the fiscal fourth quarter at Rs 722.48 crore as against Rs 304.32 crore in the same quarter last year. The company reported revenue from operations at Rs 31,346.05 crore, up 26.1 per cent on-year from the previous Rs 24,865.52 crore, on […]

Coal will remain India’s largest source of electricity generation by 2030 and additional new plants will be required, even as the nation adds record clean energy installations to hit climate targets. India, the world’s third-largest emitter, is seeking to meet surging electricity demand driven by rising per-capita energy consumption and a post-pandemic industrial rebound at […]

Adani Enterprises (AEL), the flagship company of the Adani Group, has revised its capital expenditure (capex) guidance downwards for FY24 and will now invest $3.8 billion across three business areas, down from $5.3 billion — a 28% drop from its earlier guidance. This is the first material correction in AEL’s investment plans after the group […]

CIL, the world’s largest coal miner, on Tuesday said coal production rose 7.7 per cent in April and supplies to users shot up just as summer began. In a statement, Coal India Ltd (CIL) said it logged an impressive 31 per cent growth in overburden removal (OBR) in April compared to the same month a […]

Coal availability is comfortable for the country’s coal-fired thermal power plants, with stocks of 33.8 million tonnes (MTs) of the fuel as of April-end, up 62% year-on-year, Coal India said on Tuesday. In a stock exchange filing, Coal India (CIL), the country’s largest coal miner, said coal supplies to the coal-fired plants rose to 50.6 […]

India’s coal production rose 8.67 per cent year-on-year to record 73.02 million tonnes in April this year.”India’s coal production has made a new record of the highest production during the month of April 2023, achieving 73.02 million tonnes (MT) of coal with a growth of 8.67 per cent as compared to 67.20 MT during April […]

Trials for Coal India‘s in-house e-auction platform will begin in May, a senior official said on Thursday. At present, the e-auctions are conducted through external agencies such as MSTC Ltd and mjunction Ltd. Within the next three-four months, all e-auctions of the state-owned Coal India will move to the in-house platform, which has been developed […]