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CIL's priority is to ensure power plants are well-stocked with coal: CMD
India

CIL's priority is to ensure power plants are well-stocked with coal: CMD

In a letter to the employees of CIL, the company's chairman-cum-MD Pramod Agrawal said the company's priority is to make sure that the electricity generating units are well stocked amid the ongoing power shortage

Coal India's capital expenditure grows 12% to Rs 14,834 crore in FY22
India

Coal India's capital expenditure grows 12% to Rs 14,834 crore in FY22

Stating that the capex growth in FY'22 came on the back of a strong base, Coal India (CIL) in a statement said the entire capital expenditure was met through internal accruals

Aluminium Association of India seeks PMO intervention as coal supply deteriorates
India

Aluminium Association of India seeks PMO intervention as coal supply deteriorates

AAI's letter has been prompted by a recent ad hoc decision by state-run CIL to further curtail road and rake supplies of coal to the non-power sector, without any advance notice

Maharashtra energy minister says state facing 4,000 MW power shortage, blames Coal India for supply crunch
India

Maharashtra energy minister says state facing 4,000 MW power shortage, blames Coal India for supply crunch

The Congress minister also accused Coastal Gujarat Power Ltd and JSW of not supplying power to Maharashtra despite having agreements to this effect

Coal India Management Trainee interview admit card 2019 released; download from coalindia.in
India

Coal India Management Trainee interview admit card 2019 released; download from coalindia.in

Coal India will release final merit list based on the consolidated marks obtained by the candidates in the computer-based test (CBT) and personal interview round

Coronavirus Outbreak: NCL invites application from retired staff nurse and lab technicians for 50 vacancies
India

Coronavirus Outbreak: NCL invites application from retired staff nurse and lab technicians for 50 vacancies

National Coalfields limited (NCL) has put out a notification for recruitment of retired staff nurse and lab technicians amid the ongoing coronavirus pandemic

Govt wants power plants to keep buying coal despite weak demand; electricity consumption slumps 21% in first two weeks of lockdown
Business

Govt wants power plants to keep buying coal despite weak demand; electricity consumption slumps 21% in first two weeks of lockdown

Power plants buying coal now is crucial for Coal India, as the state-run company’s production and supply capabilities are at their peak.

CIL arm WCL slashes coal auction floor price for specific mines by 10%; move will help consumers
Business

CIL arm WCL slashes coal auction floor price for specific mines by 10%; move will help consumers

Western Coalfields Ltd (WCL), a subsidiary of Coal India, has slashed the coal auction floor price of specific mines by 10 percent, a statement said

100% FDI in coal mining: CIL output likely to be hit as workers' unions call for one-day strike today
Business

100% FDI in coal mining: CIL output likely to be hit as workers' unions call for one-day strike today

Coal India produces around 2 million tonne of coal a day and the state-run miner accounts for over 80% of the country's coal production.

Coal India's 54 mining projects facing delays; environmental, forest clearances cited as major reasons
Business

Coal India's 54 mining projects facing delays; environmental, forest clearances cited as major reasons

Five coal mining projects with a sanctioned capital of Rs 989.43 crore were completed during 2018-19

Govt mulls listing of Coal India's profit-making subsidiaries to raise funds
Business

Govt mulls listing of Coal India's profit-making subsidiaries to raise funds

The government is examining a proposal to list profit-making subsidiaries of state-owned Coal India Ltd in a bid to raise funds, sources privy to the development said

SC directs Meghalaya govt to deposit Rs 100 cr with CPCB for causing environmental degradation by 'illegal, unregulated' coal mining
India

SC directs Meghalaya govt to deposit Rs 100 cr with CPCB for causing environmental degradation by 'illegal, unregulated' coal mining

Environmental degradation by illegal and unregulated coal mining has taken place in Meghalaya, the Supreme Court held Wednesday and directed the state to deposit Rs 100 crore with the Central Pollution Control Board for restoration work. It said however that Meghalaya has very limited sources of revenue and allowed it to transfer Rs 100 crore from the Environment Protection and Restoration Fund. A total of 15 miners were trapped on 13 December last year in an illegal coal mine in East Jaintia Hills district of Meghalaya, about 3.7 kilometres deep inside a forest, when water from the nearby Lytein river gushed into it.

Meghalaya mine tragedy: Navy sends divers, IAF airlifts pumps as efforts hasten to rescue miners fortnight after incident
India

Meghalaya mine tragedy: Navy sends divers, IAF airlifts pumps as efforts hasten to rescue miners fortnight after incident

The Indian Navy and Indian Air Force joined rescue operation on Friday as authorities face criticism over their lackadaisical attitude towards rescuing the trapped miners in Meghalaya

Coal India offer for sale: Institutional buyers' portion over-subscribed; bids worth over Rs 4,200 cr received
Business

Coal India offer for sale: Institutional buyers' portion over-subscribed; bids worth over Rs 4,200 cr received

The government also has an option to retain an over-subscription of another six percent stake in the Coal India offer for sale.

Govt to sell 3% stake in Coal India, floor price at Rs 266 a share; disinvestment will fetch exchequer Rs 5,000 cr
Business

Govt to sell 3% stake in Coal India, floor price at Rs 266 a share; disinvestment will fetch exchequer Rs 5,000 cr

The stake sale in Coal India would help the government move forward towards the Rs 80,000 crore disinvestment target in current fiscal.

Coal India to undertake 'challenge' of 700 mn tonne output target for FY'20;  to look at changing safety policy
Business

Coal India to undertake 'challenge' of 700 mn tonne output target for FY'20; to look at changing safety policy

Coal India had envisaged an output of 630 million tonne for the current fiscal, but later revised it to 652 million tonne as an aspirational target.

When coal turned gold: Former CIL chief P Bhattacharya's book traces journey of loss-making PSU, its turnaround
Business

When coal turned gold: Former CIL chief P Bhattacharya's book traces journey of loss-making PSU, its turnaround

In "When Coal Turned Gold: The Making of a Maharatna Company", Bhattacharyya, the then chairman of Coal India Ltd who spearheaded the initial public offering (IPO) in 2010, comes live with a first-hand account of what caused such resounding success.

Anil Agarwal says Vedanta, Anglo American could join hands to mine coal in India; billionaire optimistic about Tuticorin smelter
Business

Anil Agarwal says Vedanta, Anglo American could join hands to mine coal in India; billionaire optimistic about Tuticorin smelter

Vedanta will reportedly play the role of a "catalyst” if Anglo American decides to set foot on the Indian subcontinent.

IIP growth slips to 7.1% in February; retail inflation eases to five-month low in March
Business

IIP growth slips to 7.1% in February; retail inflation eases to five-month low in March

Maintaining high growth for a fourth month in a row, industrial production grew in February 2018, from a year-ago. But, February's IIP print was a tad lower than January 2018's growth rate.

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

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

Till now, Coal India Ltd had to apply to oil ministry for a licence to extract coal-bed methane (CBM) from its coal blocks