Page 10 - Coal India Limited

Stocks to Watch: M&M, Tata Coffee, Voda Idea, Coal India, Hindalco, REL

Stocks to Watch Today: The Aditya Birla Group has planned a massive Rs 77,000 crore capex; Meanwhile, this week the focus will be on rate sensitive sectors ahead of the RBI policy meet on Wednesday.

Coal supply by CIL to captive power plants, cement sector drops in May

The fuel supply by Coal India Ltd (CIL) to captive power plants dropped 39.74 per cent in May 2022 over the year-ago period

Coal India to issue two tenders for imported coal to address local shortage

Officials are rushing to make more coal available for utilities as shortages in July-September quarter are expected to be 15% wider than intitially estimated due to expectations of higher power demand

Record renewable energy output helps India ease coal shortage in May

The share of renewable energy sources in power output rose to 14.1% in May from 10.2% in April. Coal made room for it, dropping to 72.4% of Indian generation from 76.8%

Coal India production rises 28% in April-May at 108 million tonne

State-owned CIL on Wednesday said it produced 108.2 million tonne of coal in the first two months of the ongoing fiscal year, registering year-on-year increase of 28.8 per cent. The company had produced 84 million tonne (MT) of coal in April-May last fiscal year, Coal India Ltd (CIL) said in a filing to BSE. The company's output in May increased to 54.7 MT from 42.1 MT in the corresponding month of previous fiscal year, the filing said. "Accelerating its production, CIL posted a strong 30 per cent output growth in May'22. The increase in volume terms was 12.6 MT," the PSU said in another filing. Facing a production target of 700 MT for 2022-23, which entailed 12.4 per cent growth rate at the beginning of the fiscal year, CIL brought down the year's asking growth rate to 9.9 per cent by the end of last month. "Admittedly, sustaining the level of growth witnessed so far, throughout the year, is difficult but we will be monitoring the progress month by month to augment the output," s

Coal India Ltd to divest 25% stake in BCCL; plans subsequent listing

Stating that the company's board had given only "in principle" approval to the proposal, CIL said that only after getting further clearance from the government, subsequent action would be initiated

Coal production rose to 34 MT in 1st half of May to meet power demand: Govt

The total coal dispatch including non-CIL coal producing units has been to the tune of 71.77 MT for the entire month of April, registering a growth of 9.39 per cent on a year-on-year basis

Coal India production slower than the captive mines, shows govt data

During 2020-22, production from the captive mines jumped by 38.5 per cent while CIL saw a tepid growth of 3.4 per cent, according to government data

Coal firms report delay in loading at railway sidings due to shortage

So far in May, 1,205 rakes allotted to the seven companies of CIL have incurred delays. This is close to a third of CIL's total loading.

Pvt investors, CIL, govt exploring ways to make coal mining more bankable

The challenge for the companies is how to make the banks finance the projects

Power crisis: Railways missed coal train provision targets for over a year

In April, state-run Indian Railways supplied 261 trains per day to Coal India for the power industry, the lowest in three months

India's dependence on coal based power is proving to be very expensive

The situation cries out for more global investment in India to retire coal, buy out existing contracts, compensate affected communities and switch to renewables

CIL's supply to power sector up 16% in Apr; to augment dispatches further

On an average, the PSU supplied 1.66 MT of coal per day to power utilities in April which increased to 1.73 MT during last week

State-run power gencos owe Rs 6,477.5 crore to Coal India Ltd

At present, the country is witnessing a power crisis on account of coal shortages

CIL output grows 27% in April; despatch improves 5.8%: Coal ministry

Public sector miner Coal India has reported an increase of 27.2 per cent in its output in April 2022 as compared to the year-ago period, coal ministry said on Friday.

Stocks to Watch: Infosys, HDFC Bank, Tata Steel, ICICI Life, HUL, RIL, M&M

The Infosys ADR has declined over 9 per cent in the last two trading session in the US market, while our market was shut for trade, post Q4 results.

Recover coal companies dues from utilities vigorously, suggests Par panel

The Standing Committee on Coal, Mines and Steel in its report tabled in Parliament said that a huge amount of dues are outstanding from the states and other utilities

CIL's pithead coal may rise further by FY22-end; current stock at 43 MT

The fuel supply by CIL to the power sector peaked to a historic high of 493 million tonnes (MT) as on Thursday in the ongoing fiscal

Coal India surges 32% in 4 days on improved outlook; stock nears 52-wk high

MOSL expects profitability to recover further in January-March quarter (Q4FY22) led by strong e-auction premiums, which breached the 100 per cent mark after 12 quarters in Jan-Feb.

Union Cabinet approves offering of coal via common e-auction window

The approval was given during a meeting of the Cabinet Committee on Economic Affairs (CCEA) chaired by Prime Minister Narendra Modi