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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 India Ltd is accelerating its diversification strategy by bidding for domestic critical mineral blocks and scouting global lithium, graphite, and rare earth assets
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
Ahead of the festival season, coal PSUs like state-owned CIL on Friday announced a reward of Rs 1.03 lakh for its non-executive workers, a move that will have a financial implication of Rs 2,153.82 crore. A performance-linked reward (PLR) is a payment or benefit given to an individual for achieving specific, measurable goals. The PLR aims to recognise the contribution and hard work of non-executive workers across all Coal India Ltd (CIL) subsidiaries and state-owned coal mining firm Singareni Collieries Co Ltd (SCCL) and ensure they are fairly rewarded for their efforts. The payment of PLR provides a timely boost to workers and their families during the festive season. The PLR will benefit around 2.1 lakh non-executive cadre employees of CIL, its subsidiaries and around 38,000 non-executive cadre employees of SCCL. Coal India accounts for over 80 per cent of domestic coal output. "The incentive was announced after the 6th meeting of the standardisation committee of Joint Bipartit
Coal India wants imported coal to be traded on the proposed coal exchange to improve price discovery and transparency while supplementing existing auction platforms
Government headhunter PESB has recommended B Sairam, the current CMD of Northern Coalfields Ltd, as the next Chairman of coal behemoth CIL. The key tasks for a new Coal India CMD would involve addressing operational challenges such as increasing production and improving coal evacuation when there is a great push by the government to ramp up the domestic output to bring down the reliance on coal imports. Northern Coalfields Ltd (NCL) is a subsidiary of Coal India Ltd (CIL). The Public Enterprises Selection Board (PESB) recommended his name for the key post on Saturday. PESB said on its website that its recommends the name for B Sairam for the post of Chairman and Managing Director, Coal India Ltd. The recommendation of the Sairam came after 10 other applicants, including Chairman-cum-Managing Director (CMD) of Mineral Exploration And Consultancy Ltd (MECL) and CMD of Central Coalfields Ltd (CCL) -- another CIL arm -- were interviewed for the key post. The current Chairman of Coal
Coal India raised ex gratia for mine fatalities to Rs 25 lakh and launched a salary package with Rs 1 crore accident cover for regular staff and Rs 40 lakh for contract workers
Union Coal Minister G Kishan Reddy on Friday announced that the country's largest miner CIL has decided to enhance workers' ex gratia in case of a mine accident to Rs 25 lakh from the existing Rs 15 lakh. In a historic step, Coal India Ltd will introduce uniforms for all its employees, including the chairman and managing director, for the first time after the country's Independence. "Coal India has decided to enhance workers' ex-gratia (in case of mine accident) to Rs 25 lakh from the present 15 lakh from September 17, which is Vishwakarma Diwas and also coincides with the birthday of Prime Minister Narendra Modi," Reddy said, addressing the media here. He also said, "In another major decision, post Independence Coal India has decided for the first time to introduce uniforms for workers, officials and CMDs of its PSUs besides employees of MDOs from September 17 to ensure a culture of discipline and unity." Coal India Chairman and Managing Director PM Prasad was also present on the
Bajaj Finance, Coal India and Hindustan Aeronautics are the buy recommendations given by Ajit Mishra of Religare Broking
The tax changes "will make Coal India more competitive and better prepared to substitute imports," said Rupesh Sankhe, senior vice president for research at Elara Capital India Pvt
Coal India Limited (CIL) was evaluating the potential of establishing data centres in its decommissioned mines, leveraging existing infrastructure to meet the country's growing demand for digital capacity while advancing sustainable development. The state-owned miner had already taken steps for a comprehensive feasibility study by consultants, officials told PTI. The exercise will include a conceptual study of setting up data centres in India with a special focus on their viability within decommissioned CIL mines. The study will cover site assessments, preparation of a comparison matrix for evaluating identified locations, and a Preliminary Feasibility Report (PFR) for the most suitable site. Four sites across CIL subsidiaries Umrer (WCL), Saraipali in Korba (SECL), Himgir Rampur near Jharsuguda (MCL), and Nigahi (NCL) have been shortlisted. "The scope of work involved a detailed analysis of the data centre industry in India and globally, classification of models such as hypersca
Coal India tops the list of high dividend yield stocks, followed by PTC India, Gujarat Pipavav Port, ONGC, REC, GAIL, PFC, HCL Tech, TCS, and Petronet LNG