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Coal India News
Coal India net profit up 4.21% in Q3
Sat, Feb 10, 2018
In a filing to the stock exchanges, it said the employee benefit expenses for the quarter includes an adhoc provision of Rs 67.79 crore towards pay revision of the executive employees.
Govt takes strategic decision to boost supply to thermal power stations
Thu, Feb 08, 2018
The strategy has ensured stock level of more than 21 days of normative stock especially in pit head power stations located in Northern Coalfields.
Sensex down 200 points, Nifty tests 11,050 on negative Asian cues
Tue, Jan 30, 2018
The S&P BSE Midcap and the S&P BSE Smallcap indices underperformed to lose 0.3 per cent and 0.6 per cent, respectively.
Coal India's new pricing policy likely to cut power generation cost
Tue, Jan 16, 2018
Prices would reduce by a minimum of Rs 19 per tonne for the lowest grade and a maximum of Rs 48 per tonne for the highest grade for every 100 unit reduction in energy content measured in kilo calorie.
Sensex closes above 34,400 level, realty top performer
Tue, Jan 09, 2018
The BSE Sensex today closed higher after touching a new high in the noon trading session. The 30-share index closed 90.40 points or 0.26% up at 34,443.19 after touching the day's high of 34488.03.
Sensex builds on gains, regains 34,000 mark in early trade
Fri, Jan 05, 2018
The 30-share index rose 100.48 points, or 0.29 per cent, to 34,070.12, with all sectoral indices led by PSU, consumer durables, auto and metal trading in the positive zone, rising by up to 0.57 per cent.
Sensex zooms 195 points on strong global cues
Mon, Dec 11, 2017
Benchmark BSE Sensex advanced by 195 points in early session today on continuous buying by domestic institutional investors amid strong global leads. The NSE Nifty also went past the 10,300-mark.
Post wage hike, govt now asks CIL to ramp up production
Sun, Dec 03, 2017
Coal India (CIL) had in October signed a wage agreement with workers' unions proposing 20 per cent hike in salaries for a period of five years, which will have an estimated impact of Rs 5,667 crore per year to the world's largest coal miner.
Bharat 22 ETF makes stock market debut
Tue, Nov 28, 2017
The ETF includes frontline stocks such as SBI, IOC, Nalco, ONGC, BPCL, NTPC and Bank of Baroda. It also comprises Specified Undertaking of the Unit Trust of India (SUUTI) shares in listed companies such as ITC, Larsen & Toubro and Axis Bank.
Coal India, unions settle salary hike issue
Fri, Aug 25, 2017
"We have reached an understanding with the Coal India management for 20 per cent minimum guaranteed benefit," D D Ramanandan, General Secretary of CITU-affiliated All India Coal Workers Federation, told PTI.
Coal India to incur Rs 8,500 crore capital expenditure in 2017-18
Wed, Aug 16, 2017
The miner has further planned to invest Rs 6,500 crore in various projects -- Super Critical Thermal Power Plant (STPP), solar power, revival of fertiliser plants, coal gasification, acquisition of coal blocks in India and abroad, and CBM (coal bed methane) etc during 2017-18, the report said.
Coal India first-quarter profit falls 23 percent, misses estimates
Mon, Aug 14, 2017
Coal India Ltd, the world`s largest coal miner, said its first-quarter profit fell 23 percent, missing analysts` estimates.
Coal India betting big on renewables, says minister
Thu, Jun 29, 2017
State companies such as Coal India and NTPC Ltd, the country`s biggest thermal power producer, are planning to aggressively spend on solar projects under Prime Minister Narendra Modi`s personal push for renewable energy.
NITI Aayog proposes break-up of Coal India into seven firms
Wed, Jun 28, 2017
India should split the seven units of state-controlled Coal India Ltd into independent companies to make it more competitive, the government`s policy think-tank said on Tuesday in a draft of a new energy policy.
Sensex bounces back by 195 points, Nifty rises above 9,600-mark in early trade
Fri, Jun 02, 2017
The key equity indices of Indian markets- Sensex and Nifty- have resumed their record-setting spree and have recovered to fresh lifetime highs in opening trade on Friday on sustained buying amid positive global cues.
Coal India's net profit drops by 38% to Rs 2,717 crore in Q4FY17
Mon, May 29, 2017
During the quarter, Coal India's revenue stood at Rs 24,780 crore as against Rs 22,813.02 crore in Q4FY16.
Macro data, last leg of quarterly numbers to dictate market this week: Experts
Sun, May 28, 2017
Trading sentiment in the stock market this week would be determined by announcement of macroeconomic data, progress of good monsoon and last leg of quarterly numbers from blue chips like Coal India, L&T and NTPC, say experts.
Indian equities bullish on IMD forecast, indices scale record highs
Sat, May 13, 2017
The key Indian equity indices zoomed to new closing and 52-week highs, crossing their psychologically significant levels, riding on news reports which quoted a top India Meteorological Department (IMD) official predicting a higher rainfall than previously forecast as the El Nino weather condition had eased.
Coal India to miss production target, sales to grow marginally
Wed, Mar 22, 2017
Coal India is expected to end the year with an around 550 million tonnes of production, thereby missing the annual target by 40-50 million tonnes. The miner needs to produce about 90 million tonnes in March to touch even 570-578 million tonnes as envisaged by the Coal Ministry.
Coal India may miss output target by 20 MT this fiscal: Coal Secy
Sun, Mar 12, 2017
The PSU has set a target of 598 MT production in 2016-17.