Page 20 - Coal India

Coal India net profit declines nearly 60% in six years despite sales jump

Salaries of executives were also revised and this led to an estimated outflow of Rs 10 billion

Modi govt likely to sell at least 5% stake in Coal India this fiscal

The sale will fetch the exchequer around Rs 88 billion

Risk-reward turns favourable for CIL; good dividend yield comes as a boost

Motilal Oswal Securities estimates Coal India's net profit will be double in the June quarter compared to the year before

Coal India share prices at around Rs 270 apiece may dampen stake sale again

A senior CIL executive said the coal ministry might ask Sebi for another extension

After missing 1st-quarter targets, Coal India is facing criticism yet again

Coal India officials are of the view that the shortage of coal in the power plants can be eased once hydel power production picks up in the country

Coal India's supply to power plants up 15% in April-June period

The increase in fuel supplies comes at a time when some regions are facing power shortage due to fast depleting coal stockpiles at power plants

After Air India failure, govt now hoping to offload stake in Coal India

If needed, the government could explore the option of staggering the sale offer in two tranches

Coal India: Price hikes, evacuation charge likely to mitigate higher costs

The improved volume outlook and better e-auction prices for its coal are likely to drive earnings in FY19

Coal India extends gain post Q4 results; stock hits three-month high

The stock rallied 5% to Rs 303 in intra-day trade on Thursday, extending its Wednesday's 2.3% gain on the BSE

Increased payout to employees drags down Coal India's Q4 profits

Sector analysts expect coal demand in the country to grow at 6.8 per cent which is in line with the projected demand growth of thermal power

CIL aspires to be "most-efficient" coal producer, says coal India's new CMD

Jha had served as the chairman of CIL's most profitable subsidiary, MCL

Coal India to enter power production, in talks with NTPC to form JV

Coal India is in talks with NTPC to form a joint venture (JV) to come up with a 1,600 megawatt (2x800 Mw) pithead power plant at Sundergarh in Odisha

Coal India wants its own rail network; seeks roadmap from rail ministry

Under this proposal, railways will be issuing tenders to purchase rakes on behalf of Coal India as well as deploy the coal corridors & advanced technology

Coal India's new GCV-based billing system for consumers likely from July

Company officials feel the new system would require 100% sampling of coal for all consumer categories, from power producers to steel plants, cement makers & several others

Govt relaxes rules for Coal India to ease coal-bed methane extraction

The Cabinet today relaxed rules for state-owned Coal India Ltd for extraction of natural gas lying below coal seams in its blocks in a bid to quickly boost production. Till now, Coal India Ltd had to apply to oil ministry for a licence to extract coal-bed methane (CBM) from its coal blocks. Now, the world's largest coal producer does not need such a permission. The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved an amendment to the November 2015 regulations issued by the Ministry of Petroleum & Natural Gas under Section 12 of the Oil Fields (Regulation and Development) Act, 1948 (ORD Act, 1948). "Due to this amendment relaxation is granted under the Petroleum & Natural Gas Rules 1959 (PNG Rules, 1959), to Coal India Ltd (CIL) and its subsidiaries for not applying for grant of licence/lease under the PNG Rules, 1959 for extraction of CBM under their Coal Bearing Areas," an official statement said. Stating that the decision is in line with .

After mostly subdued FY18 output, FY19 could be better for Coal India

The 9.4 per cent production growth at Coal India for the month of March is encouraging, after the subdued output in much of 2017-18. It was helped by higher demand from thermal power plants, which had seen stocks fall to 10 days. Rising electricity demand with the early onset of summer and the coming peak season, coupled with subdued production of hydro power due to low reservoir levels, should ensure the demand for coal remains healthy. Similarly, firm realisation will help offset cost pressure and sustain profitability. In sum, an improved outlook for the government-owned behemoth in FY19. Among the key monitorables, however, is whether Coal India is able to keep up with the pace of demand, say analysts.Price hikes by the company in January also bode well. Analysts at Kotak Institutional Equities say it is likely to see an improvement in realisation due to these, plus an evacuation charge from December of Rs 50 a tonne. The brokerage expects blended coal realisation to increase by ..

Coal India likely to hike salaries of executives in next two months

CIL has nearly 300,000 employees and the wage agreement was due since July 2016

Coal India to keep prices lower than pvt miners under coal liberalisation

In face of a liberalised coal mining regime when private companies will be allowed to commercially mine and sell coal, state-run Coal India is aiming to keep its prices lower than the ones of private companies by effectively decreasing production costs and attain higher economies of scale. With this strategy, the company thinks it will not only be able to retain its market leadership but it will also help in maintaining its customer base.According to Gopal Singh, the company's chairman and managing director, Coal India has already been able to decrease production costs by Rs. 53 a tonne by increasing the shifts in the mines which has resulted in reducing a higher proportion of costs as a result of an increased level of production."We are preparing ourselves to compete with the best of the world. We would avoid wastage and control controllable costs", Singh said adding that with the existing talent pool in the firm, Coal India is in a much better position to take on competition.The ...

Coal India expecting revenue growth of 6% over the next three fiscal years

New wage structure to hit finances but pricing formula might provide some relief

CIL's competitive edge under scanner over rising output cost, ageing mines

A second concern will be import, which instead of decreasing, might increase in the long term