Page 2 - Coal India

Coal India announces ₹1.03 lakh festivals reward for non-executive staff

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

Govt headhunter body recommends B Sairam as next Coal India Chief

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 hikes mine fatality ex gratia to ₹25 lakh, adds salary plan

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

Coal India to enhance workers' ex-gratia to ₹25 lakh from Sept 17: Minister

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

CIL plans data centres in closed mines to boost infra, sustainability

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 production falls 3.5% to 280.2 MT in April-August period

State-owned CIL on Monday said its production declined 3.5 per cent to 280.2 million tonnes (MT) in the April-August period of the current financial year. The company witnessed a decline in production even as the government is aiming to raise the output to reduce the import dependence. Coal India Ltd (CIL) accounts for over 80 per cent of domestic coal output. The company's coal output was 290.4 MT in the April-August period of the previous fiscal year. Coal India subsidiaries, which registered negative growth are Central Coalfields Ltd (CCL), Bharat Coking Coal Ltd (BCCL), Eastern Coalfields Ltd (ECL), Western Coalfields Ltd (WCL), and Mahanadi Coalfields Ltd (MCL). However, the company's coal output was 50.4 MT last month, over 46.1 MT in August last financial year, according to the provisional data. 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

Coal India production slump likely to continue for another month

CIL alone meets 80 per cent of India's domestic coal demand across key industries including power, cement, and steel

Here are 15 PSU stocks for your portfolio with high dividend yields

Coal India and NMDC lead the list, each with a dividend yield of seven per cent, making them the most attractive dividend plays among government-backed companies

Stocks to Watch today, Aug 20: HAL, TaMo, Paytm, CIL, GMR Power, Coforge

Stocks to Watch today, August 20, 2025: From HAL to Tata Motors, here are a few stocks that will be eyed by investors and traders; check the full list

Coal India inks pact with Konkan Railway Corp Ltd to develop rail infra

State-owned Coal India Ltd (CIL) on Tuesday said it has signed a pact with Konkan Railway Corporation Ltd to develop rail infrastructure for the company and its subsidiaries. CIL, which accounts for over 80 per cent of domestic coal output, is actively strengthening its rail infrastructure to improve coal transportation. The non-binding memorandum of understanding (MoU) was signed between both companies in Kolkata. "Coal India Ltd and Konkan Railway Corporation Ltd have executed a non-binding memorandum of understanding on August 18, 2025...with an intent of development of rail infrastructure of CIL and its subsidiaries," the company said in a BSE filing. CIL had earlier entered into a pact with Indian Port Rail & Ropeway Corporation Ltd to develop a rail infrastructure for the coal behemoth and its arms. In FY25, CIL produced 781.1 million tonnes (MT) of coal, nearly 7 per cent less than the company's annual target of 838 MT. Coal India Ltd is targeting a production of 875 MT and

Coal India modifies long-term supply deals to allow power sale on exchanges

The move would enable consistent demand for coal, Coal India said in the notice dated August 6, which was reviewed by Reuters

Dividend stocks: Coal India, 18 others go ex-date on Aug 6; do you own any?

Here is the complete list of stocks that will trade ex-dividend on August 6, along with their key details

Coal India output dips 6% to 229.8 mt in April-July amid monsoon impact

State-owned CIL on Friday reported a six per cent drop in production at 229.8 million tonnes (MT) in the April-July period of the current financial year even as the government is making efforts to increase the output to cut imports. The company had produced 244.3 MT of coal in the corresponding period of the previous fiscal, Coal India Ltd (CIL) said in a filing to BSE. The coal behemoth did not give reasons for the decline in production. However, industry analysts attribute the production dip to typical monsoon-related disruptions, which can hinder mining operations and dispatch to power plants. CIL accounts for over 80 per cent of domestic coal output. Coal production in July also dropped to 46.4 MT from 55 MT in the corresponding month of previous fiscal. Coal Minister G Kishan Reddy had earlier said that the country will not face any shortage of coal in the upcoming monsoon season, as the government is well prepared to meet the demand across various sectors, including the powe

Fancy dividends? Keep an eye on these 92 stocks next week; check full list

Here is the complete list of stocks that are set to remain in the spotlight next week, along with their announcement details

Coal India Q1 net falls 20% to ₹8,743 crore on weak operating performance

Revenue drops 4.4% to Rs 35,842 crore; EBITDA margin down to 39.8% from 43.5%; EPS slips to Rs 14.19 in June quarter

Entry of big corporates changing face of coal mining, but delays persist

While delays such as land acquisition, mining lease and prospecting licenses, and in clearances for geological reports are cropping up, there is a much higher tracking of illegal coal mining

Coal India, Hindustan Copper to work together in critical mineral sector

State-owned CIL on Tuesday said it has signed an MoU with Hindustan Copper to work together in the critical mineral sector. The two companies executed the non-binding Memorandum of Understanding (MoU) on Monday to collaborate across various aspects in the copper and critical minerals sectors, CIL said in a BSE filing. Earlier, CIL and IREL (India) Ltd had signed a non-binding MoU to cooperate and collaborate on the development of critical minerals. The MoU aims to promote the development of mutually agreed assets of critical minerals, including mineral sands and rare earth elements. CIL accounts for over 80 per cent of the domestic coal production. Critical minerals such as copper, lithium, nickel, cobalt and rare earth are essential raw materials required to fuel the growth of rapidly-growing clean energy technologies and their expanding uses ranging from wind turbines and electricity networks to electric vehicles and battery manufacturing.

PM Modi's five-nation tour to focus on critical mineral partnerships

China, the world's biggest producer of rare earth elements, has begun restricting exports of the minerals as it increasingly uses its dominance for geopolitical leverage

Coal India's coking coal output falls 9% to 4.53 million tonnes in May

State-owned CIL's coking coal production dropped by 8.7 per cent to 4.53 million tonne in May, even as the government aims to increase the output to reduce dependency on imports. Coal India Ltd's (CIL) coking coal production was 4.96 MT in May 2024. The government under its 'Mission Coking Coal' aims to increase domestic coking coal production to 140 million tonne (MT) by 2029-30, thereby reducing dependency on its imports for the steel sector. Coking coal, also known as metallurgical coal, is essential for steel production. The company's coking coal production also dropped by 3.4 per cent to 9.36 MT in the April-May period over 9.69 MT in the year-ago period, as per the government's provisional data. CIL subsidiaries including Bharat Coking Coal Ltd (BCCL) and Central Coalfields Limited (CCL) produce coking coal. BCCL is specifically known for its focus on coking coal production. CIL accounts for over 80 per cent of domestic coal production. The government has taken steps to en

Aim is to produce two-thirds of 1 bt coal from 3 states by FY29: P M Prasad

To improve the coal supply chain, the remaining 55 of 92 FMC projects will be operationalised by FY29