CIL on Friday said it has introduced a new category of spot e-auction for importers only and aimed at replacing 150 million tonne of the fuel sourced from abroad with domestic supply.
The mining behemoth is also not in a position to regulate supplies to the power companies as demand has remained subdued over the last few months
All that happened in the markets today
Union Finance Minister Nirmala Sitharaman had earlier this week asked public sector companies to undertake half their capex for the current year by September.
The capex of CIL, at Rs 844 crore during the first quarter of the current financial year, crossed the provisioned target of Rs 720 crore
Coal workers affiliated to five trade unions had gone on strike from July 2-4.
Washing coal increases the efficiency and quality of the dry fuel.
The world's largest coal miner's production fell to 573,000 tonnes per day over the three days, compared with a June average output of 1.29 million tonnes per day
A coal ministry official said that on Friday CIL produced 5.55 lakh tonnes of coal Friday, which is 42.7 per cent of the 10 days average production (from June 22 to July 1) of 12.969 lakh tonne
Tapan Sen, general secretary of the Centre of Indian Trade Unions (CITU), said that in comparison to the previous two days, more workers have joined the strike on Saturday
The MoU has been renewed for five years
The workers are protesting against commercial mining and the FDI in the coal sector which was implemented last year by the central government
The colliery management has deployed CISF personnel in large numbers and intensified patrolling in the area to foil any attempt of trade union leaders to stop miners from joining duty
The move comes at a time when the government has set an ambitious one billion tonnes of coal output for Coal India (CIL) which accounts for over 80 per cent of domestic coal output
Plan encompasses 14 additional projects from its earlier count of 35
Lockdown impact on volumes, lower e-auction share to hit profits
CIL has identified 14 additional projects involving capital expenditure of more than Rs 3,400 crore under the 'first mile connectivity' initiative to upgrade transport facility at mines
All that happened in the markets today
The SGX Nifty was up around 60 points at 7:30 AM, and was indicating an open above 10,300 levels for the Nifty today
Coal India asserts monopoly as mine-bearing states protest coal auction