Coal India Ltd will aspire to reach its production target of 875 MT in the current fiscal year or reach close to the figure, its CMD Sanoj Kumar Jha said on Sunday. The statement comes at a time when Coal India has missed its production target in the last two months. Speaking on the sidelines of the 59th Foundation Day of Hindustan Copper Ltd here, Jha said, "Today I can't say we will not meet (the production target). I can't say we will meet. But we will aspire that we will be able to be there or near there." Jha, the Coal Additional Secretary, took charge as the Chairman-cum-Managing Director (CMD) of Coal India Ltd (CIL) on November 1. The CMD said Coal India missed its production target in September and October primary because of the monsoon rains. The coal demand, he said, has been very sluggish and demand from the power sector has gone down. Assuring that the company will meet coal requirement of the industry, Jha added, "We will have more stocks at the end of the year than
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Among the list, Coal India leads with the announcement of the highest interim dividend of ₹10.25 per share. Mazagon Dock Shipbuilders follows with an interim dividend of ₹6 per share
Coal India Ltd has reported a 9.8 per cent year-on-year decline in production to 56.4 million tonnes in October, marking a continued slump in operational performance, amid subdued demand and post-monsoon challenges. Coal offtake during the month also fell 5.9 per cent to 58.3 MT, according to provisional data released by the company on Saturday. During April-October 2025, the coal major's cumulative production stood at 385.3 MT, down 4.5 per cent from the year-ago period, while total offtake fell 2.4 per cent to 415.3 MT. Meanwhile, Coal India has appointed Sanoj Kumar Jha as interim Chairman-cum-Managing Director with effect from November 1, following the superannuation of P M Prasad. The date also marks the company's foundation day.
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Motilal Oswal, however, remained upbeat on Coal India, calling the earnings a 'big miss due to high costs' but maintaining its 'Buy' rating with a target price of ₹440.
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CIL's revenue from operations for the quarter stood at ₹ 26,909.23 crore, down 1.3 per cent year-on-year(Y-o-Y) and 15.6 per cent sequentially.
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Coal and mines minister G Kishan Reddy on Thursday said that rainfall disrupted mining activity in September, and it led to a decline in production by public sector coal producer CIL. However, the minister made it clear that there was no shortage of coal in the country. Speaking to reporters on the sidelines of ICC's Annual Plenary Session, the minister said that in September Coal India Ltd's (CIL) production declined because of rains. CIL accounts for over 80 per cent of the country's coal production. According to industry experts, heavy rains and waterlogging during monsoon create operational difficulties in coal mining, resulting in drop in coal production. The coal behemoth reported a 3.9 per cent year-on-year decline in production to 48.97 million tonnes (MT) in September. The company's output was 50.94 MT in the corresponding month of the previous fiscal year. The output has lowered even as the government aims to increase production to bring down the import of dry fuel. S
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JP Morgan has raised Tata Steel's share price target to ₹195 from ₹180, implying an upside potential of 14 per cent from current levels.
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The company spokesperson said that store operations will be conducted through a modern SAP-based digital management system, ensuring efficiency and transparency
State-owned CIL on Wednesday reported a 3.9 per cent decline in production to 48.97 million tonnes (MT) in September. The drop in production comes in spite of the government making efforts to increase coal output to bring down the import of dry fuel. The company's output was 50.94 MT in the corresponding month of the previous fiscal year, Coal India Ltd (CIL) said in a filing to the BSE. However, no reasons were given by the company for the decline. CIL subsidiaries, which registered a drop in production in September, are Bharat Coking Coal Ltd (BCCL), Central Coalfields Ltd (CCL), Western Coalfields Ltd (WCL), and Mahanadi Coalfields Ltd (MCL). There was decline in production in North Eastern Coalfields (NEC), a unit of Coal India. According to industry experts, heavy rains and waterlogging during monsoon create operational difficulties in mining, leading to a drop in coal production. Coal production during the April-September period also dropped to 329.14 MT, over 341.35 MT in