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Coal India on Tuesday said it plans to invest around Rs 1,900 crore on research and development activities by FY2030 in its efforts to increase mine productivity and cut emissions. With this move, the company also plans to commercialise cleaner coal technologies and explore alternate energy avenues in line with the evolving energy landscape. The company's R&D push gained traction in 202425 with the launch of the National Centre for Coal and Energy Research (NaCCER), organised on a hub-and-spoke model, CIL said in a BSE filing. Since then the company has moved beyond proof-of-concept work and is concentrating on prototype development at Technology Readiness Levels of 4 and higher. CIL's R&D expenditure increased four-fold to Rs 245 crore in 2024-25, from Rs 61 crore in 2023-24. At present, 19 R&D projects, with a total outlay of Rs 225 crore, are being executed by reputed scientific institutions under the direct oversight of NaCCER. In addition, 13 projects with pilot-scale
Coal India Ltd (CIL) on Friday announced a series of measures to boost coal availability for non-regulated sector (NRS) consumers and improve operational flexibility, as part of efforts to reduce import dependence and meet rising industrial demand. The state-run miner in a statement said it will offer a record 35 million tonnes of coal under its linkage auction window scheduled for June 12, targeting high-grade coal consumers such as the sponge iron sector. The move is expected to curb imports of high gross calorific value coal. CIL has also allowed steel producers in the coking coal segment to sell coal middlings -- a byproduct of washed coal -- in the open market if not used for captive power generation. The provision has been enabled under the ongoing Tranche-X linkage auctions that began on June 3. The company said it has offered 13.75 million tonnes of coal to the steel (coking) sub-sector in the current tranche and increased flexibility for consortium changes during contract .
State-owned CIL reported an 11.6 per cent on-year fall in coal production in May, with output slipping to 56.1 million tonnes (MT) even as the country's power demand surged to an all-time high. Coal India Ltd (CIL), which accounts for over 80 per cent of domestic coal output, had reported coal production of 63.5 MT in May last year. However, the company did not share the reason for the decline in production. CIL's subsidiaries whose production declined during May include Mahanadi Coalfields Ltd (MCL), Western Coalfields Ltd (WCL), Bharat Coking Coal Ltd (BCCL) and Eastern Coalfields Ltd (ECL). The subsidiary which registered positive growth in May was South Eastern Coalfields Ltd (SECL), CIL said in a regulatory filing. Coal production in the April-May period also dropped by 10.6 per cent to 112.2 MT over 125.6 MT produced in the year-ago period. According to industry analysts, the timing of the drop coincides with a sharp spike in electricity demand, putting pressure on coal sto
The government will sell up to 2 per cent stake in Coal India through an offer for sale at a floor price of Rs 412 apiece beginning Wednesday. The sale of up to 2 per cent stake or about 12.32 crore shares at Rs 412 apiece would fetch about Rs 5,000 crore to the exchequer. The OFS (offer for sale) will open for non-retail investors on May 27, and for retail investors on May 29. "Government of India announces OFS in Coal India Limited with a base offer of 1 per cent of its equity and an additional 1 per cent Green Shoe Option in case of oversubscription. Floor price fixed at Rs 412 per share," Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla said in a post on X. Shares of Coal India closed at Rs 458.25 on the BSE on Tuesday, up 0.25 per cent from the previous close. The floor price of Rs 412/share is at a 10 per cent discount over the current market price. With strong operational and financial performance, consistent returns and attractive ...
State-owned Coal India plans to set up coal-to-syngas production units either at pithead locations or adjacent to user industries such as fertiliser units, direct-reduced iron and gas-based power plants amid disruption in gas supplies due to the West Asia conflict, sources said. Coal India Ltd (CIL), which accounts for over 80 per cent of domestic coal output, has already initiated steps to develop such coal-to-syngas facilities. In line with the National Mission on Coal Gasification and the government's vision to enhance domestic chemical and feedstock security, CIL intends to set up coal-to-syn-gas facilities to cater to the market demand for syn-gas in gas-based power plants/DRI or fertiliser plants, sources said. The company plans to develop such facilities either on Build-Own-Operate (BOO) or Build-Operate-Maintain (BOM) basis, with syngas to be produced from coal by developers or consortia, they said. Syngas serves as a versatile feedstock for the production of clean fuels, .