Category: Coal

Kolkata: Coal India’s (CIL) capital expenditure (capex) at Rs 5,023 crore in the first half of the ongoing fiscal capped an all-time high of 118% utilisation against the provisioned target of Rs 4,247 crore. “This is a historic high in capex utilisation as CIL has not exceeded 30% target utilisation in the first half of […]

NEW DELHI: State-owned CIL on Thursday said it produced 40.51 million tonnes (MT) of coal in September, registering a growth of 31.6 per cent over the same month last year. Coal India (CIL), which accounts for over 80 per cent of domestic coal output, had produced 30.78 MT of the dry fuel in September 2019. […]

NEW DELHI: State-run Coal India is foraying into the production of methanol, or methyl alcohol, used for lacing petro and industrial solvent, from coal with a first-of-its-kind project estimated to cost Rs 6,000 crore. The move is in line with the Niti Ayog’s push for developing a methanol economy as one of the options to […]

Kolkata: Plans are on the anvil by Coal India (CIL) to retrieve production from its discontinued underground mines. The company has so far identified 12 such mines with provisional mine-able reserves of around 1060 million tonne (MT). Of these 12 UG mines, eight belong to Eastern Coalfields (ECL) and the remaining four fall under Bharat […]

Kolkata: Coal India (CIL) on Wednesday posted a 55.1% year-on-year fall in its consolidated net profit for the first quarter this fiscal at Rs 2077.51 crore as its sales dipped close to 27% owing to the Covid-19 pandemic. The world’s largest coal miner’s net profit for the first quarter of the last fiscal was at […]

Kolkata: Shrugging off the Covid-constricted growth and monsoon downpour, Coal India (CIL) came back strongly in August logging a 9.3% growth in coal off-take and 7.1% growth in coal output compared to August a year ago. For the first time in the ongoing fiscal, CIL has clocked growth in both the facets. Over burden removal […]

Kolkata: Coal India (CIL) is purchasing 96 dumpers of 240 tonne capacity from Belaz of Belarus for Rs 2,900 crore. An official said that CIL is endeavouring to ramp up its production and modernising its equipment is a step in that direction. The Maharatna company has already issued a letter awarding the contract and its […]

KOLKATA: Mining major Coal India Ltd has revised its production target to 650-660 million tonne for the 2020-21 fiscal in the wake of disruptions caused by the Covid-19 pandemic, a top company official said on Saturday. The miner had earlier set a target of 710 million tonne for the fiscal. “Covid-19 pandemic has affected demand […]

NEW DELHI: Coal India worker unions affiliated to five central trade unions on Wednesday decided to go on one-day strike on August 18 against the proposed divestment or buyback of shares of the PSU, a union leader said. Leaders of federations affiliated to five central trade unions of BMS, HMS, AITUC, CITU and INTUC held […]

Kolkata: The capital expenditure (capex) of Coal India (CIL) at Rs 844 crore during the first Quarter of the ongoing fiscal breached the provisioned target of Rs 720 crore achieving 117% of the target utilisation. A CIL official said that even amid Covid 19-induced slowdown, the current year’s first quarter capex spend was 4.2% higher […]

NEW DELHI: The country’s coal imports registered a drop of 29.7 per cent to 48.84 million tonnes (MT) in the April-June period of the ongoing financial year, according to industry data. India had imported 69.54 MT of coal in the April-June period of 2019-20, according to provisional compilation by mjunction. mjunction, a joint venture between […]

NEW DELHI: The auction process of commercial coal mining witnessed a “very good start” and the response has been the best in domestic coal history, Coal Minister Pralhad Joshi has said. A total of 1,140 entities, including international players, participated in the technical session after the launch of sale of blocks, and 26 companies bought […]