Page 15 - Coal India Limited

Govt earmarks Rs 937 cr for exploration of non-CIL blocks in FY'20

The government has allocated Rs 937 crore for exploration of mines that are not associated with Coal India, for the ongoing financial year, Parliament was informed on Monday. Of this fund, Rs 120 crore has been earmarked for regional exploration and Rs 817 crore for detailed drilling, Coal Minister Pralhad Joshi said in a written reply to the Rajya Sabha. "The government has allocated funds of Rs 937 crore...in the current financial year 2019-20 for carrying out exploration in non-CIL (Coal India) blocks in coal and lignite," he said. Regional exploration has been planned for 37 coal blocks and 10 lignite blocks whereas detailed drilling has been planned for 121 coal blocks and one lignite block, Joshi said adding that such exploration programme is approved every year. Exploration of non-CIL coal blocks is carried out under the Central Sector Scheme 'Exploration of Coal & Lignite' of the coal ministry. Under this scheme, both regional exploration and detailed drilling of these ...

Coal India urged to enhance allocation to Chhattisgarh industries

State demands higher share of fuel as it accounts for a major chunk of CIL's output, claims it is losing Rs 200 cr a year in revenue as some industries are importing coal

Govt asks Coal India to increase coal-bed methane gas production in 3 yrs

CMPDI informed the ministry that a model contract document and request for proposal to select CBM developer have been prepared and submitted to coal companies, the official said.

Trying to negotiate with CIL workers; things to normalise soon: Prahlad

Last week, the trade unions had declined to attend a meeting with Joshi to discuss their demand of withdrawing 100 per cent FDI in coal mining

Unhappy over 100% FDI in coal mining, workers to go on strike on Sept 24

A day's strike can affect Coal India's production in the range of 1.5-2.5 million tonne

Near-term worries outweigh Coal India's Q1 gains; stock falls 1.6%

Further fresh auction of coal mines to private players can also lead to higher competition for Coal India

Railways, CIL in talks over 538-km eastern freight corridor stretch

The railways is expected to float a tender by October

Muted volumes, falling e-auction premiums likely to hurt Coal India

The government's announcement in the Budget regarding increased divestment targets will be an overhang on the stock

Govt may hive off Coal India into separate listed firms to raise funds

India, the world's second-largest coal consumer after China, depends on Coal India for about 83% of the domestic production

The marketing of Coal India

CIL, thus, practically leads a double life - under the spotlights at Mumbai and away from it in the mines that dot mostly eastern India

CIL seeks Indian School of Mines' help to rationalise operations, cost

The Maharatna company will be shutting down 53 mines across its operational areas while it has opted to open new ones

Coal India Q4 net profit drops 52% to Rs 12.95 bn on higher employee cost

The consolidated expenses of the company during March quarter were at Rs 277.571 billion, as against Rs 223.527 billion