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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

Cabinet approves policy for use of land acquired under CBA Act
India

Cabinet approves policy for use of land acquired under CBA Act

It has been done with the objectives of facilitating utilization of lands that are mined out or are practically unsuitable for coal mining and for increasing investment and job creation in coal sector

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

PM Modi inaugurates development projects in Gorakhpur, lauds CM Yogi led UP govt
Photos

PM Modi inaugurates development projects in Gorakhpur, lauds CM Yogi led UP govt

The prime minister dedicated multiple projects including an All India Institute Of Medical Science (AIIMS) and a fertiliser plant, to the people of Uttar Pradesh's Gorakhpur district

PM Modi to dedicate projects worth over Rs 9,600 crore in Gorakhpur today
India

PM Modi to dedicate projects worth over Rs 9,600 crore in Gorakhpur today

The projects include the newly built fertilizer plant of Hindustan Urvarak Rasayan Limited (HURL), AIIMS building and ICMR's regional unit Regional Medical Research Centre

Paytm Rs 18,300-crore IPO subscription to open on 8 November
Business

Paytm Rs 18,300-crore IPO subscription to open on 8 November

The company has filed papers with markets regulator SEBI and is planning to get listed on 18 November

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

India stares at energy crisis with coal stocks down to days
India

India stares at energy crisis with coal stocks down to days

The shortages have stoked fears of potential black-outs in parts of India, where 70 percent of power is generated from coal

Coal crisis deepening as 64 non-pithead power plants left with less than 4 days of dry fuel stocks
India

Coal crisis deepening as 64 non-pithead power plants left with less than 4 days of dry fuel stocks

The latest report on coal stocks for power plants from the Central Electricity Authority (CEA) also showed that 25 such power plants had coal stocks for less than seven days as on 3 October.

Coal India may announce 20-25% additional dividend for shareholders on 14 June
India

Coal India may announce 20-25% additional dividend for shareholders on 14 June

The board will try declaring another round of dividend but it is expected to be less than two interim dividends of Rs 7.5 and Rs 5 on each share of Rs 10 each, sources said

Sensex reclaims 50,000-benchmark amid hectic buying in IT, auto, FMCG sectors; Nifty ends in green
Business

Sensex reclaims 50,000-benchmark amid hectic buying in IT, auto, FMCG sectors; Nifty ends in green

The top five gainers were Tata Motors, M&M, Wipro, Adani Ports and NTPC, while the top losers were ONGC, HDFC, Dr Reddy’s Labs, Coal India and Power Grid Corp

Assam forest dept slapped Rs 43.25 cr fine on Coal India for carrying out 'illegal mining'
Business

Assam forest dept slapped Rs 43.25 cr fine on Coal India for carrying out 'illegal mining'

The Assam forest department has slapped a penalty of Rs 43.25 crore on PSU major Coal India Ltd for carrying out "illegal mining" inside a reserve forest for 16 years from 2003, officials said on Wednesday

Coal ministry announces steps to boost demand for dry fuel; extends relief measures for Coal India consumers
Business

Coal ministry announces steps to boost demand for dry fuel; extends relief measures for Coal India consumers

Coal minister Pralhad Joshi announced several relief measures for consumers of Coal India, including the power sector, in the wake of situation arising from coronavirus.

Coronavirus Outbreak: Coal India offers deferred payment option to consumers
Business

Coronavirus Outbreak: Coal India offers deferred payment option to consumers

Coal India Ltd has offered deferred payment facility to both power and non-power consumers to provide relief and help improve their liquidity during the lockdown imposed by the government to contain coronavirus infection

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

Coal India asks staff to abide by govt guidelines on COVID-19 to overcome current crisis
Business

Coal India asks staff to abide by govt guidelines on COVID-19 to overcome current crisis

Coal India, which accounts for over 80 percent of domestic coal output, had set an ambitious target of 660 million tonnes of production for 2019-20.

Coal India asks subsidiaries to take steps to prevent coronavirus spread, bans biometric attendance
Business

Coal India asks subsidiaries to take steps to prevent coronavirus spread, bans biometric attendance

State-owned CIL has asked its subsidiaries to take proactive steps to prevent the spread of coronavirus

Sensex surges over 400 points in early trade in line with Asian peers; Bharti Infra, Coal India among top gainers
Business

Sensex surges over 400 points in early trade in line with Asian peers; Bharti Infra, Coal India among top gainers

Starting off on a higher note, the Sensex further gained strength as the trade progressed and quoted at 41,302.80, a rise of 408.42 points or 1 percent

Coal India will exceed last year's production figures of 606.9 million tonne in current fiscal: Official
Business

Coal India will exceed last year's production figures of 606.9 million tonne in current fiscal: Official

Despite coal production being hampered at Dipka mines due to prolonged rains, Coal India Ltd will exceed last year's production figures, a top coal ministry official said here on Tuesday