Page 2 - Coal India Ltd

Coal India's April offtake drops 1.2% to 63.4 MT from year-ago level

State-owned Coal India Ltd (CIL) on Friday said its coal offtake dropped by 1.2 per cent to 63.4 million tonnes (MT) in April over the corresponding month of the previous fiscal. The offtake of the dry fuel by Coal India was at 64.2 MT in the year-ago period, the public sector undertaking said in a regulatory filing. Coal offtake refers to the volume of coal supplied from a coal pithead. It's different from coal production as it can include previously stored coal. Meanwhile, coal production by Coal India was almost flat at 62.1 million tonnes in April. It had produced 61.8 MT of coal in the year-ago period, the filing added. Coal India accounts for over 80 per cent of domestic coal output. In the financial year 2024-25, CIL produced 781.1 MT of coal, nearly 7 per cent less than the company's target for the financial year. CIL's coal production target for 2024-25 was at 838 million tonnes (MT). Coal India Ltd is targetting a production of 875 million tonnes and offtake of 900 MT

Coal India arm SECL signs Rs 7,040 crore pact with TMC Mineral Resources

Coal India arm SECL on Friday said it has entered into a Rs 7,040-crore pact with TMC Mineral Resources for undertaking large-scale coal production using paste filling technology. Paste filling is a modern underground mining method that eliminates the need to acquire surface land. After coal extraction, the mined-out voids are filled with a specially prepared paste made from fly ash, crushed overburden from opencast mines, cement, water, and binding chemicals. This process prevents land subsidence and ensures the structural stability of the mine. "South Eastern Coalfields Ltd (SECL) is set to become the first coal PSU in India to adopt paste fill technology for coal mining... To implement this innovative underground mining technology, SECL has signed a Rs 7,040 crore agreement with TMC Mineral Resources Pvt Ltd," the public sector unit said in a statement. Under this agreement, large-scale coal production will be undertaken using paste filling technology in the Singhali underground

In a first, thermal power major NTPC starts procuring commercial coal

Thermal behemoth issues tender for 3 million tonne coal from privately owned mines

Coal India arm NCL aims to achieve production target of 139 MT for FY25

Coal India arm Northern Coalfields Ltd (NCL) expects to achieve the production target of 139 million tonnes for the current fiscal. In a statement, NCL said that till February the subsidiary produced 128.13 million tonnes and "we are hopeful that we will also achieve our annual target". The company's dispatch was 125.78 MT in the April-February period of the current fiscal. NCL's dispatch target for the current fiscal is 139 million tonnes. The company known for its highly mechanised mines and critical role in ensuring the country's energy security, said that it has launched the first aid training programme for homemakers on a large scale. By extending awareness about first aid beyond the workplace and into the homes of its workforce, NCL is fostering a primary-care-conscious community and reinforcing a culture of preparedness. "Launched on 26th January, the First Aid Training Program for Homemakers, in just one month, has successfully trained about 1,500 homemakers in different

Coal India shares defy weak market trend, gain over 3%; here's why

Coal India shares reached their 52-week high of Rs 543.55 per share on the NSE on August 26, 2024, while they fell to their 52-week low of Rs 349.25 per share on February 17, 2025

Coal India targets 4-5% production growth in FY25 despite challenges

Coal India Ltd (CIL) has acknowledged that the realistic production target for the current fiscal will be 806-810 million tonnes (MT), down from 838 million tonnes, company Chairman PM Prasad said on Friday. CIL production grew 2.2 per cent to 543 million tonnes till December in the current fiscal. But aiming to ramp up production in the remaining days of the fiscal, efforts are on to achieve a growth of around 4 to 5 per cent, he said. "We are targeting a production of 806-810 million tonnes in the current fiscal," Prasad said on the sidelines of the announcement of the 11th edition of the International Mining and Machinery Exhibition (IME 2025). "In the full year, we are targeting to achieve a realistic target of about 4-5 per cent growth," Prasad told PTI. In FY24, CIL produced 773.65 million tonnes, marking an 11 per cent growth over FY'23. He expressed optimism about getting closer to the target, citing the performance of subsidiaries Mahanadi Coalfields, Northern Coalfields

Assam coal mine rescue: Coal India brings in 500 GPM pump to dewater mine

The mine collapse, which trapped several workers, has posed numerous challenges for rescue teams

Coal India's CSR spend exceeds Rs 5,570 crore over the past decade

Coal India Ltd (CIL) has spent Rs 5,570 crore in Corporate Social Responsibility (CSR) initiatives over the past decade, a top official said on Sunday. Coal India Chairman P M Prasad said the PSU has been focusing on education, healthcare, skill development, sports, and women empowerment. Inaugurating the 3rd CIL CSR Conclave 2024 on Sunday, West Bengal Governor C V Ananda Bose underscored the transformative power of CSR initiatives in improving the lives of communities, particularly in tribal belts of coal-bearing areas. He lauded CIL's contributions, including its efforts to support cancer patients, stating that such initiatives contribute to the holistic development of the nation. CSR initiatives are a powerful tool to transform lives, especially in vulnerable regions, Bose said. "Coal India spent Rs 5,570 crore in Corporate Social Responsibility initiatives over the past 10 years," Prasad said. Coal Secretary Vikram Dev Dutt commended coal companies for their impactful CSR .

Coal scam: Special CBI court acquits former coal secretary, 5 others

he judge held the CBI had failed to prove beyond any reasonable doubt that any "misrepresentation" was made by the accused

Dividend, stock-split: Coal India, & 5 others to turn ex-date tomorrow

Here is the complete list of companies whose shares will turn ex-date on Tuesday, November 5, 2024, along with their respective corporate announcements, and other key details

Chhattisgarh's SECL plans to remove 2,200 mt of scrap under special drive

This will free up a huge amount of space, which can be reused. Along with this, it will also generate additional revenue of about Rs 10 crore

India's coal output grows significantly, up 5.85% at 411.6 MT in FY25

The country's coal output grew 5.85 per cent to 411.62 million tonnes (MT) in the current fiscal year (up to September 12), over the year-ago period. This country's coal production was 388.86 MT during the same period last year. "This marks a significant increase... reflecting a commendable growth rate of 5.85 per cent, despite adverse climatic conditions that challenged mining operations," the coal ministry said in a statement. The figures are provisional. The production by state-owned Coal India Ltd rose to 311 MT during the same period, marking a growth of 2.80 per cent compared to 302.53 MT in the corresponding period of the previous year. This growth is even more notable given the interruptions in mining activities in CIL subsidiaries due to heavy rains, it said. Coal dispatch has also experienced a substantial uplift, reaching 442.24 MT during 2024-25 (up to September 12), compared to 421.29 MT in the same period last year, it said, adding that this reflects a robust growth

Chhattisgarh-based SECL speeds up process for employment to landowners

In 2022-23, the company provided employment to 704 landowners, while in the previous financial year, 707 landowners were provided jobs, which is the highest figure in the last 10 years

Axis Securities recommends buying these 4 stocks from metals & mining space

Hindalco, Coal India, among four metal and mining stocks recommended by Axis Securities

Coal India Q1 FY25 results: Net profit up 4.1% at Rs 10,959 crore

5 of Coal India's 7 subsidiaries met production targets in Q1, but none met offtake goals

Advancing 119 projects worth Rs 1,33,576 cr to boost output: Coal India

Coal India Ltd is advancing 119 projects with a capacity of 896 million tonne per year and a sanctioned capital of Rs 1,33,576 crore, the world's largest miner said. These projects, which are at various stages of implementation, are part of CIL's proactive strategy to increase production capacity and meet future coal demands, the company said in its latest annual report. Though the mining major did not specify a timeline for the capex, it said the development of these projects involves substantial investments in advanced mining technologies and infrastructure, aimed at enhancing productivity and ensuring sustainable mining practices. The Kolkata-headquartered company has set an ambitious target of achieving 1 billion tonne of production by 2025-26 to fulfill the nation's coal demand and support the goal of Atmanirbhar Bharat'. In the 2023-24 fiscal, its production stood at 773.6 million tonne. CIL said in 2023-24, one coal mining project with a sanctioned capacity of 20 million to

Robust production, new initiatives to drive growth for Coal India

NRS offtake may remain high, leading to higher blended realisation because power plants with FSA have sufficient supply

Coal India's production increases by 8% during the first quarter

The Union Ministry of Power has mandated the import of coal for blending at thermal power plants to continue till October 2024

State-run Coal India's production rises by 8% to 189 MT in first quarter

State-owned CIL's coal production rose 8 per cent to 189.3 million tonne (MT) in the first quarter of the ongoing financial year. The company's coal output was 175.5 MT in April-June period of the previous fiscal. "Moving past the target of 189.2 MT, CIL achieved 100 per cent satisfaction in Q1 of the current fiscal year," Coal India Ltd (CIL) said in a statement. While all the seven producing subsidiaries of the coal behemoth achieved positive growth, five of them breached their respective targets. The company's production in June increased by 9 per cent to 63 MT, over 58 MT produced in June FY24. On the back of a strong production growth and increased coal loading, CIL's total supplies rose to 198.4 MT during April-June FY25 with 6 per cent year-on-year growth. The increase of 11.4 MT in absolute numbers came over a high base of 187 MT. At a time when power demand in the country is spiking, CIL's supply to coal-fired plants grew 4 per cent to 160 MT during the first quarter of

Coal India awards 23 discontinued underground blocks to private miners

State-owned Coal India on Wednesday said it has awarded 23 discontinued underground blocks to private miners through an auction route on revenue sharing model. The cumulative peak rated capacity of these mines is 34.14 million tonnes per year while the total extractable reserves are estimated at 635 MT, the miner said in an exchange filing. "Coal India Limited (CIL) in a bid to tap the latent coal reserves of some of its closed and discontinued underground mines has awarded 23 such mines on revenue sharing model to successful bidders of the private sector," it said. Earlier, CIL had identified a total of 34 discontinued mines where good quality coal reserves are lying dormant but may not be financially viable for CIL to mine them. Hence, the company said it decided to tender and offer these mines to willing private sector players who are prepared to operate and produce the dry fuel and share part of the revenue with the company. "Successful bidder is the one who offers the maximum