Page 7 - Coal India Ltd

Private mining, finally

Decision to auction coal blocks to commercial miners is overdue

In a first, Coal India turns buyer and signs pact with Odisha firm

OCPL can sell 6,000 tonnes of coal per day to Coal India at notified prices

Corporate tax cut to boost Coal India's earnings, but overhangs remain

While lower tax rate and attractive valuations are positives, concerns on volumes, lower e-auction realisations and divestment could weigh on the stock

FDI in coal mining requires better pricing, logistics and regulation

The ministry of coal's five-year vision plan for FY19-24 did not accounted for any production from commercial miners

NTPC units faced coal shortage in FY17-19; CERC denies relief

Company blames Coal India and Centre's no-import policy

Renewables unlikely to overtake coal for power generation, says CIL chief

State-owned Coal India accounts for nearly 83 per cent of the country's coal production

CIL to spend Rs 700 cr on rakes to perk up evacuation capacity by 56 mt

Coal India expects to realise its entire investment on these rakes within a decade

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

Coal India supply to power sector drops 3% in first two months of FY20

Coal supply by SCCL also dropped by 2 per cent to 9.4 MT in April-May 2018-19, from 9.6 MT supplied in the corresponding period of the previous fiscal

Coal India's production declines on overburden removal constraints

Overburden removal refers to the removal of top-soil to expose the coal seams making them ready for mining

Coal India: Higher volume offtake may offset lower e-auction realisations

Rise in output key for re-rating of Coal India stock

CIL's supply of coal to power sector rises by 12% to 197 MT in Apr-Aug

The coal supply by the PSU in August increased by 7.3 per cent to 36.7 MT, over 34.2 MT in the corresponding month last year

Coal India's output increases to 567 mn tonnes in FY18: Piyush Goyal

The increase in production was made possible due to the coordinated efforts of both the ministries - coal and railways

Coal India needs tight quality control to profit from new pricing policy

Coal India officials are confident about maintaining a homogeneous grade to assure that the miner doesn't lose out on revenue

CIL weighs salary hike for employees, to cost firm Rs 800 cr

CIL had last month signed a wage pact with workers' unions for five years which, the PSU said, would have an estimated impact of Rs 5,667 crore annually on the miner

Coal India hits record in sales but disappoints on profit

While Coal India's profit in the September quarter fell nearly 40 per cent, it also saw a record in output and sales.Production rose 8.3 per cent to 113 million tonnes from the corresponding quarter a year before. Sales volume rose 13.6 per cent to 131.6 mt. The performance, say company officials, had "never been seen in the recent past" and could also be the best ever.During August and September, coal supplies to power plants grew by 20 per cent and 21 per cent, respectively, from the same months last year. Supplies to NTPC the largest client, and its joint ventures grew nine per cent. The rise during the quarter was to 38.4 mt, against 35.2 mt during the same quarter last year. "We stepped up production owing to high demand for thermal coal and improved average (rail) rake loading per day by seven per cent, beside despatching through road," said a company official. Average daily loading of rakes in the quarter was 208.8, from 195.2 in July-September last year. This was in the wake .

CIL to invest Rs 15,000 cr in FY18 for capex, other projects

CIL, which accounts for over 80% of the domestic coal production, is eyeing an output of 1 billion tonnes by 2020

Coal India looking to buy metal mines abroad

Analysts see this as a long-term strategy to firm up revenues, with no immediate results in sight

Coal India upbeat over metals mining venture, wants to go it alone

---Drop the pointer table ---Coal India's decision to reposition itself as a holistic energy entity and harness its strength in mining by diversifying into metals will place the government-owned major in a league with global miners like Glencore, Rio Tinto, BHP, Vale and others.A consultant has been hired to do a study on how the company can modernise and adapt to current trends.The metals mining move will also help it hedge against the impact of renewable energy. As India, in line with other countries, moves towards 'clean' and renewable energy, the dependence on thermal power would decline. This means less demand for coal. Coal India itself estimates the share of coal in commercial energy supply would go from 55 per cent in 2015-16 to 48-54 per cent by 2040. "Hence, it is natural for a company solely dependent on coal sales to branch out and diversify into mining of other metals, where demand is likely to remain stable," says Partha Bhattacharyya, past chairman of Coal India.Around .

Coal India to venture into metals mining

The company is on the lookout to acquire mines in India and Africa for the new vertical