Page 26 - Coal India

Covid impact: Coal India to diversify into non-coal mining areas in 2021

CIL is set to diversify into non-coal mining areas as well as make major investments in clean technology in 2021 after demand for the dry fuel remained muted for most of this year

PSU presence in Rs 1-trillion club shrinks in 2020; index declines 18%

The companies that exited the trillion club are IOCL, NTPC, BPCL, and Coal India

CIL's coal allocation to power sector under e-auction rises 5.9% in Apr-Nov

State-owned CIL's coal allocation to the power sector under the special e-auction saw a 5.9 per cent rise to 17.96 million tonnes (mt) in the first eight months of the current financial year.

To protest domestic producers, coal shipments disclosures amde madatory

Importers of coking coal, steam coal and bituminous coal would have to gain a permit ahead of deliveries, the commerce and industry ministry said

Coal India's fuel allocation under spot e-auction rises 59% during Apr-Nov

Fuel allocation by CIL under the scheme also increased to 4.09 MT in November, from over 3.58 MT in the corresponding month of 2019

Fuel supply by CIL to power sector drops 5% to 277 MT in April-November

Coal supply by state-run CIL to the power sector declined by 5.3 per cent to 277.46 million tonne (MT) in the April-November period of the ongoing fiscal. The state-owned company had supplied 292.88 million tonnes of coal to the power sector in the corresponding period of the previous fiscal, according to official data. In November the fuel supply by Coal India (CIL) was almost flat at 39.38 MT against 39.12 MT in November last year. The fuel supply by Singareni Collieries Company Ltd (SCCL) to the power sector in the eight-month period dropped by 35 per cent to 22.37 MT from 34.44 MT a year ago. In November, the fuel supply by SCCL declined to 3.9 MT from 4.62 MT in the corresponding month of previous fiscal, it said. CIL is a major supplier of the dry fuel to the power sector in India. The government had imposed nationwide lockdown on March 25 to contain the spread of COVID-19. Power consumption started declining from March onwards due to fewer economic activities in the ...

Coal India aims to substitute 80-85 million tonne of imported fuel in FY'21

State-run Coal India is aiming at substituting imported dry fuel of 80-85 million tonne with more domestic supplies in the current fiscal, an official said

India's coal import drops 19% to 116.8 mn tonnes during Apr-Oct this fiscal

Of the total import in October 2020, non-coking coal was at 14.46 MT. In October 2019, the import was 13.57 MT

Coal India reports 3.4% rise in production to 52 mn tonnes in November

Production during April-November 2020 increased to 334.5 MT, over 330.4 MT in the corresponding period of 2019-20, it added

Coal India plans to invest Rs 5,650 crore in solar power projects

Coal India (CIL) is mandated by the coal ministry to become a net zero carbon company.

Coal India gets one-day strike notice from 4 trade unions for Nov 26

State-owned Coal India Ltd (CIL) on Monday said it has been served a one-day strike notice by four trade unions for November 26, 2020.

Improving prospects indicate Coal India stock may have bottomed out

Rising sales volumes and uptick in realisations during second half should lift the coal miners performance

Coal India pre-tax profit falls 5% in Q2 to Rs 4,060 crore

Revenue from operations up 3.78% year-on-year; board approves interim dividend

Centre to receive Rs 3,056 crore dividend from Coal India: Official

The total interim dividend outgo for Coal India will be Rs 4,622 crore after the company's board approved it

Coal India Q2 profit falls 16% to Rs 2,948 crore due to higher expenses

Expenses during the quarter increased to Rs 18,177.82 crore, over Rs 17,734.44 crore

Bull run continues; Sensex up 316 pts to end at 43,594, Nifty nears 12,750

All that happened in the markets today.

Outstanding dues from power cos pose challenge: Coal India report

The cash flow problem arising out of the outstanding dues from state-owned power generation companies poses a challenge to Coal India Ltd as its management is deliberating on an interim dividend

Coal India sees a 3x surge in October e-auction volumes at 17 mn tonnes

The company said the spike is due to increased demand from the power sector and several unstructured coal buyers

NTPC to buy back shares worth Rs 2,275 cr as part of restructuring plan

Gets board nod to buy back up to 197.8 mn quity shares; thermal power giant registers 4.8% growth in profit in Q2

No longer tax-efficient: Cash-starved Coal India may give buyback a miss

Most of the subsidiaries of CIL are facing a cash crunch because of slow growth in coal demand, coupled with record high outstanding payment from power generating companies