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Coal India News
Coal India's subsidiary approves' shares buy back worth Rs 1244 crore
Sat, Feb 25, 2017
"Since NCL is a wholly-owned subsidiary of Coal India Limited, both pre and post buyback by NCL, Coal India shall hold 100% of the paid-up equity share papital," said Coal India in a BSE filing.
Coal imports decline by 22% to 14 MT in January
Sun, Feb 19, 2017
"In power sector, the state utilities are replete with stock and are aiming to curb imports altogether (except for coast-based plants) by March 2017. This explains the substantial drop....In steam coal imports in January 2017 vis-a-vis the same month last year," mjunction CEO Vinaya Varma said.
CPSE IPOs within 22 weeks of govt nod
Sun, Feb 19, 2017
Within two weeks of the Budget announcement of listing all profitable central public sector enterprises, the Department of Investment and Public Asset Management (DIPAM) has issued guidelines detailing the mechanism and procedure for time-bound listing of CPSEs on Stock Exchanges.
Government may soon divest 10% stake in Coal India
Mon, Feb 13, 2017
If it sells the stake to trim its holding to 69%, it could raise up to Rs 20,000 crore, a report by the Economic Times said. "...a move that will help it earn about Rs 20,000 crore at today’s prices and reduce its stake to 69%," it noted.
Q3FY17: Coal India's net profit down 20% at Rs 2,884 crore
Sun, Feb 12, 2017
The company reported consolidated net profit Rs 2884.46 crore compared to net profit of Rs 3617.17 crore in the similar period of previous year.
Bluechip PSUs eye EPFO funds
Tue, Jan 10, 2017
"As of now, about seven PSUs came forward to take investments from us (EPFO). We received a communication from the Ministry of Finance to increase our investments in PSUs. The return may be higher than what we are getting now," said Labour Minister.
Coal India's output target likely to be set at 660 million tonnes for FY18
Fri, Jan 06, 2017
State-owned Coal India Ltd's (CIL) production target may be set at 660 million tonnes (MT) for the next fiscal. "Coal India's production is likely to be set at 660 million tonnes (MT) for 2017-18," an official said.
Not keen on revising coal production target, says Piyush Goyal
Wed, Jan 04, 2017
Coal and Power Minister Piyush Goyal is not keen on revising the coal production target of 1.5 billion tonnes by 2022 despite a Central Electricity Authority (CEA) draft report saying no new fossil fuel-based power plant is required till the said year.
Coal India allocates 30% less coal under spot e-auction in November
Sun, Jan 01, 2017
State-owned CIL allocated 3.1 million tonnes of coal under spot e-auction in November 2016, down 29.5% from the year-ago period. The decline comes amid government's goal of securing availability of coal to meet the demand of various sectors including power.
Coal India declares compensation of Rs 5 lakh to ECL mine accident victims
Fri, Dec 30, 2016
It said, "The accident caused an unfortunate demise of 7 workers, for which the families of deceased will be granted with ex-gratia compensation of Rs 5 lakh in addition to the amount paid under the Workmen's Compensation Act."
Coal imports may remain weak in December on notes ban, firm prices
Sun, Dec 18, 2016
Coal imports, which dropped by 16% to 14 million tonnes (MT) in November, are likely to decline this month as well due to factors like demonetisation and higher prices in global markets.
Coal India's Q2 net profit declines by 77% to Rs 600 crore
Tue, Dec 13, 2016
Coal India on Tuesday reported consolidated net profit of Rs 600.44 crore for the second quarter September 30, 2016, registering decline of 77.37% year-on-year (yoy) and 80.41% quarter-on-quarter (qoq).
Coal minister says no value in splitting Coal India
Fri, Dec 02, 2016
Power and coal minister Piyush Goyal said there was no value in splitting up India`s biggest coal producer Coal India Ltd .
Coal India production grows 5.3% in November
Thu, Dec 01, 2016
In its latest annual report, CIL said it would invest Rs 7,765 crore as capital expenditure.
Stress levels for imported coal-based power plants set to rise
Mon, Nov 07, 2016
In FY16, the overall dependence of imported coal in the country declined.
Coal imports decline 14% to 16 MT in October
Sun, Nov 06, 2016
Coal imports in October remained almost flat compared to September.
Govt working on gradually reducing import: Coal Secretary
Thu, Nov 03, 2016
The coal Ministry has set a 1.5 billion tonne coal production target by 2020.
Coal India completes Rs 3,650 crore buyback of equity shares
Sun, Oct 30, 2016
State-run Coal India on Saturday said it has completed buyback of equity shares worth Rs 3,650 crore. The buyback, which opened on October 3 this year, closed on October 18 and the total number of shares brought back was 10.89 crore at a price of Rs 335 per share.
Cement makers' move towards petcoke makes coal miners sweat
Mon, Oct 24, 2016
Petcoke is a carbonaceous solid, derived at oil refineries and in cracking processes.
Coal India shares dip 2% after disappointing Q1FY17 numbers
Wed, Sep 14, 2016
On standalone front, Coal India's performance was majorily disappointing.