Category: Coal

NEW DELHI: India is betting big on coal — together with non-fossil sources — to meet rising energy demand on the back of rapid economic growth. The government on Wednesday approved Rs 2,980 crore to fund exploration of coal and lignite with an eye on future auction of blocks for mining. Separately, coal minister Pralhad […]

Kolkata: Enforcement Directorate has summoned state law minister Moloy Ghatak for a third time in connection with the probe into alleged coal pilferage from Eastern Coalfields Ltd mines in Asansol. Ghatak has been asked to appear at the agency’s Delhi headquarters on June 19, 11 days after Trinamool national general secretary Abhishek Banerjee’s wife Rujira […]

Kolkata: State-owned Coal India has reported a 9.5% year-on-year rise in monthly production to a record 60 million tonne in May 2023.

NEW DELHI: 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 […]

NEW DELHI: Institutional investors lapped up Coal India shares in this fiscal year’s maiden stake sale by the government, with Rs 6,500-crore bids pouring in on the first day of its offer-for-sale (OFS). The government had offered over 8. 3 crore shares to institutional investors on Thursday, but received bids for 28. 8 crore shares […]

MUMBAI: Around 30 coal mines will be closed over the next three to four years to pave way for forests or water bodies, ministry of coal secretary Amrit Lal Meena said on the sidelines of the third Energy Transitions Working Group meeting, part of G20 summit, in Mumbai on Monday. Meena said that there will […]

Kolkata: Coal India (CIL) is hoping to conclude the eleventh version of the national coal wage agreement (NCWA-XI) within a month, benefiting its 2.4-lakh-strong non-executive staff. The next round of talks are scheduled on May 19. The company has stated that pending conclusion an upfront wage cost was provisioned in the accounts every quarter since […]

NEW DELHI: Coal India Ltd reported a 17.3% fall in fourth-quarter profit on Sunday, as the world’s largest coal miner made higher provisions for wage hikes. Consolidated net profit fell to 55.33 billion Indian rupees ($677.07 million) in the three-months ending March 31, compared with 66.93 billion rupees a year earlier, the state-run company said […]

NEW DELHI: Coal India Ltd (CIL), the world’s largest coal miner, on Tuesday said coal production rose 7.7% 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% growth in overburden removal (OBR) in April compared to the same month […]

Chennai: In what could spell trouble for former Tangedco top brass who served during the period 2001-2019, the Enforcement Directorate has decided to investigate them in connection with a 1,200-crore scam in handling coal at Visakhapatnam port. The ED believes that apart from those named in the FIR registered by the directorate of vigilance and […]

NEW DELHI: State-run NTPC is looking at replacing part of the coal it burns at Bongaigaon plant in Assam with fuel derived from bamboo, which grows in abundance in the north-east. The country’s largest generation utility proposes to use Finnish bio-refinery technology to turn bamboo into bio-coal which will be mixed with regular coal to […]

Chennai: Political parties in the state on Saturday vied with each other to grab credit for the announcement of Union coal minister Pralhad Joshi’s announcement, exempting Tamil Nadu from auctioning coal mine blocks. Industries minister Thangam Thennarasu said it was the pressure by chief minister M K Stalin that led to the Centre’s decision to […]