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State-owned CIL, the country's largest coal producer, offered 30.5 million tonnes (MT) of coal through online auctions in April, marking a 6 per cent decline from 32.5 MT in March. The dip comes against the backdrop of ongoing geopolitical tensions in West Asia, a key oil-producing region, which have spiked global energy prices and prompted power plants to ramp up coal usage for energy security. According to the provision data of Coal India Ltd (CIL), of the total coal on offer by the PSU in April, Mahanadi Coalfields Ltd (MCL) auctioned 9.4 MT, followed by South Eastern Coalfields Ltd (SECL) 5.6 MT, Central Coalfields Ltd (CCL) 4.6 MT, Eastern Coalfields Ltd (ECL) 4.4 MT, Bharat Coking Coal Ltd (BCCL) 3.0 MT, among others. The state-run coal producer offered coal through the Single Window Mode Agnostic (SWMA) auction. SWMA auction is a unified, simplified e-auction system launched in 2022 to consolidate multiple existing auction windows (spot, special spot, forward) into a single .
Infrastructure major Larsen & Toubro (L&T) on Tuesday said it has bagged an order valued between Rs 2,500 crore to Rs 5,000 crore from the joint venture of state-owned Coal India Limited and Bharat Heavy Electricals Limited for the development of a coal-to-ammonium nitrate project in Odisha. The project is likely to produce 2,000 tonnes of ammonia nitrate per day, reducing import dependence, conserving foreign exchange and strengthening domestic industrial capabilities in energy and chemicals sectors. "L&T Energy Hydrocarbon Onshore has won large order from Bharat Coal Gasification and Chemicals Ltd (BCGCL), a joint venture of Coal India Ltd (CIL) and Bharat Heavy Electricals Ltd (BHEL)," the infrastructure firm said in a filing to BSE. The order encompasses the development of the nitric acid and ammonium nitrate Plant, to be executed on a lump sum turnkey basis. "Once operational, the facility will enable the conversion of coal into ammonium nitrate with a planned ...
State-owned CIL, the country's largest coal producer, on Friday reported a 9.7 per cent drop in coal production to 56.1 million tonnes (MT) in April, raising concerns over meeting the country's surging energy demands. The slump in coal production is significant as coal remains the backbone of the country's power generation, accounting for over 70 per cent of electricity output. Coal India Ltd (CIL) produced 62.1 MT of coal in April 2025-26. With peak summer demand pushing power consumption to record highs, the production shortfall could strain supplies to thermal plants and industries, potentially leading to higher imported coal costs, the industry leaders said. Coal India's offtake, or sales to customers, also dropped by two per cent to 63.2 MT in April over 64.5 MT in the corresponding month of the previous fiscal, according to the provisional data. Coal India subsidiaries, which recorded a decline in production, include Eastern Coalfields Ltd (ECL), Bharat Coking Coal Ltd (BCCL
Shares of state-owned CIL on Tuesday ended over 3 per cent higher after the firm reported an 11.1 per cent rise in consolidated net profit for the March quarter. The stock ended at Rs 466.95, up 3.10 per cent on the BSE. During the day, it jumped 4.63 per cent to Rs 473.90. On the NSE, the stock climbed 3.20 per cent to end at Rs 467. During the day, it surged 4.72 per cent to Rs 473.90 apiece. In traded volume terms, 18.44 lakh shares of the firm were traded at BSE and 267.32 lakh shares on the NSE during the day. CIL on Monday reported an 11.1 per cent rise in consolidated net profit to Rs 10,839.18 crore in the March quarter, driven by higher revenue. Coal India Ltd (CIL) logged a consolidated net profit of Rs 9,751.64 crore in the year-ago period. In a filing to the BSE, the Maharatna firm said its revenue from operations rose to Rs 46,490.03 crore from Rs 43,961.56 crore in the corresponding quarter of the previous fiscal year. The consolidated expenses of the company durin
State-owned Coal India Ltd is planning a comprehensive 10-year roadmap to slash the current 243 MT coal import volume through ramped-up domestic production, coal quality upgrades, and logistics cost parity. The proposed roadmap targeting coal import cuts includes a detailed forensic audit of imports, backed by sector-specific policies and phased shift strategies to boost local supply, a source said. It will also include the National Washery & Logistics Grid to streamline coal washing and transport, addressing key bottlenecks in the supply chain. Coal India Ltd (CIL), which accounts for over 80 per cent of domestic coal output, also plans to engage a consultant for preparation of the roadmap and suggesting measures relating to non-tariff barriers. The coal behemoth plans "to develop and execute a comprehensive Ten-Year Roadmap (2026-2036) for the total substitution of all 'substitutable' coal imports, targeting a reduction in the current 243 MT import volume through domestic ...
Coal India arm BCCL has reported a 58.9 per cent decline in net profit at Rs 27.28 crore for the quarter ended March 31, 2026 on the back of lower revenue. The company had posted a net profit of Rs 66.50 in the year-ago period, Bharat Coking Coal Ltd (BCCL) said in a filing to BSE on Wednesday. BCCL is one of the largest coking coal producers in the country. The company's revenue from operations during Q4 dropped to Rs 3,282.95 crore over Rs 3,865.79 crore in the year-ago period, the filing said. The company's net profit for the year-ended March 31, 2026 dropped drastically to Rs 128.28 crore over Rs 1,240.19 crore for the year ended March 31, 2025. The revenue of the Miniratna Public Sector Enterprises for the year ended March 31, 2026 declined to Rs 13,644.78 crore, over Rs 15,917.21 crore in the year ended March 31, 2025. BCCL produced 35.52 million tonnes of coal in 2025-26 against 40.50 million tonnes of coal produced in 2024-25. The Miniratna Public Sector Enterprises made