Page 4 - Coal India Limited

Govt plans to raise Rs 20,000 crore by selling stakes in CIL, IDBI Bank

In case of Coal India, if valuations are not attractive, company will buy back shares from the govt

Updated On : 10 Jul 2020 | 12:43 AM IST

CIL output drops 63%, dispatches by nearly 60% on Day 1 of workers strike

The overburden removal, or clearing of topsoil to make coal seams ready for mining, was 57.84 per cent on Thursday

Updated On : 03 Jul 2020 | 8:48 PM IST

CIL's coal allocation for non-power sector jumps to 6 MT in April-May

This growth comes amid Coal India looking to tap the non-power sector for consumption of its coal in the wake of a slump in demand for the dry fuel

Updated On : 23 Jun 2020 | 3:10 PM IST

Allowing pvt sector to mine and sell coal commercially is a mammoth task

The government plans to auction 50 mines immediately

Updated On : 25 May 2020 | 10:02 PM IST

Coal India arm SECL takes slew of measures to deal with coronavirus

The largest coal producing company had quarantined its 83 employees after five of it attended a prayer meeting

Updated On : 08 Apr 2020 | 5:52 PM IST

Coronavirus lockdown: Coal India extends payment deadline till April 21

Pending demand for Deferred Payment Letters of Credit implemented as additional mode of payment along with irrevocable revolving L/C for coal supplied to power producers, especially IPPs

Updated On : 06 Apr 2020 | 3:36 PM IST

India's coal stocks breach 100 mt as demand weakens in coronavirus crisis

While the coal stocks in the Maharatna company peaked to around 60 mt, coal stocks in power plants rose to 41.41 mt - the highest ever inventory level in the country till date

Updated On : 24 Mar 2020 | 5:10 PM IST

Govt's income from Coal India to fall by 6.5% to Rs 7172 cr this year

Incidentally, after taking forward its disinvestment drive, the Centre, from a stakeholding of 70.96 per cent as on April 2019, now owns 69.05 per cent in this company.

Updated On : 12 Mar 2020 | 8:22 PM IST

CIL's coal supply to power sector declines 7% in April-January period

The commodity despatch by Coal India to the power sector in the year-ago period was 405.61 MT

Updated On : 21 Feb 2020 | 1:09 PM IST

Coal India production up by 7% in Dec 2019 after negative growth spell

Coal India Ltd (CIL), which registerted negative growth in production of the dry fuel for past few months, has posted over 7 per cent growth in December with 58 million tonne output, sources said on Wednesday. The coal behemoth had produced 54.13 million tonne in corresponding month of 2018. In the last month, the production was about 8 million tonne higher from 50.2 million tonne prduced in November, the company sources said. According to provisional data, the miner has produced 388.39 million tonne of coal during April-December period of the current fiscal, down by 5.83 per cent from 412.45 million tonne in the first nine months of the last financial year, CIL sources told PTI. Coal India aimed at producing 660 million tonne in 2019-20 and missed the target of 457.23 million tonne till December. The company has not officially announced its latest production figures till the story was filed. Production was relatively less during April-December period as mining ...

Updated On : 01 Jan 2020 | 8:57 PM IST

Six CIL arms did not formulate policy mandated by MoEF, says CAG

Six of the seven coal producing subsidiaries of the world's largest miner CIL did not devise a policy as mandated by the environment ministry, according to a CAG report tabled in Parliament on Wednesday. "Coal India Ltd (CIL) amended its original Corporate Environment Policy (CEP) and formulated a comprehensive Environment Policy only in March, 2012, followed by a revised policy in December 2018. "However, six out seven coal producing subsidiaries of CIL did not formulate a policy as mandated by MoEF&CC (Ministry of Environment, Forest and Climate Change) which stipulated that a well laid down environment policy duly approved by the Board of Directors of the subsidiaries needs to be in place," the report by the Comptroller and Auditor General of India (CAG) said. Further, guidelines containing the responsibility and delegation at different levels in environment discipline were formulated by CIL, but the same were not dovetailed in their operating manual by the subsidiaries, ...

Updated On : 12 Dec 2019 | 1:57 AM IST

Govt garnered Rs 2.03 trn revenue from Coal India in last 6 fiscals: Joshi

In 2017-18, the revenue stood at Rs 44,046.57 crore while in the preceding fiscal, it was Rs 44,068.28 crore, the minister said.

Updated On : 04 Dec 2019 | 11:09 PM IST

Coal India production gradually recovers, offtake higher in November

Coal India Limited production for November was at 50.02 million tonnes, an absolute increase of 10.67 million tonnes compared to that in the previous month of October

Updated On : 02 Dec 2019 | 6:27 PM IST

Govt earmarks Rs 937 cr for exploration of non-CIL blocks in FY'20

The government has allocated Rs 937 crore for exploration of mines that are not associated with Coal India, for the ongoing financial year, Parliament was informed on Monday. Of this fund, Rs 120 crore has been earmarked for regional exploration and Rs 817 crore for detailed drilling, Coal Minister Pralhad Joshi said in a written reply to the Rajya Sabha. "The government has allocated funds of Rs 937 crore...in the current financial year 2019-20 for carrying out exploration in non-CIL (Coal India) blocks in coal and lignite," he said. Regional exploration has been planned for 37 coal blocks and 10 lignite blocks whereas detailed drilling has been planned for 121 coal blocks and one lignite block, Joshi said adding that such exploration programme is approved every year. Exploration of non-CIL coal blocks is carried out under the Central Sector Scheme 'Exploration of Coal & Lignite' of the coal ministry. Under this scheme, both regional exploration and detailed drilling of these ...