Q2FY26 company results: Firms including LIC Housing Finance, Ixigo, United Breweries, NTPC Energy, HPCL, and NMDC are also to release their July-September quarter earnings reports today
Coal India Ltd is accelerating its diversification strategy by bidding for domestic critical mineral blocks and scouting global lithium, graphite, and rare earth assets
NCC Ltd on Saturday said it has bagged a Rs 6,828.94 crore order from Coal India arm Central Coalfields to extract and transport coal and overburden from one of the mining projects in Jharkhand. In a regulatory filing, the company said it has received a letter of acceptance dated October 24 from Central Coalfields Ltd (CCL) regarding this. The extraction and transportation of overburden and coal will have to be done from the Amrapali open-cast project of CCL in the Chandragupt area of Jharkhand, NCC said in the regulatory filing. NCC will hire Heavy Earth Moving Machinery (HEMM) for the removal of 413.59 M CuM of OB (overburden), extraction of 233.325 MT coal and transportation to Shivpur siding and surface stock yard under different lead slabs and wagon loading of 139.995 MT of coal at Shivpur siding at Amrapali OCP, Chandragupt Area, the filing said. NCC Ltd is a construction company involved in diversified activities, including buildings, transportation, water and environment, .
Coal and mines minister G Kishan Reddy on Thursday said that rainfall disrupted mining activity in September, and it led to a decline in production by public sector coal producer CIL. However, the minister made it clear that there was no shortage of coal in the country. Speaking to reporters on the sidelines of ICC's Annual Plenary Session, the minister said that in September Coal India Ltd's (CIL) production declined because of rains. CIL accounts for over 80 per cent of the country's coal production. According to industry experts, heavy rains and waterlogging during monsoon create operational difficulties in coal mining, resulting in drop in coal production. The coal behemoth reported a 3.9 per cent year-on-year decline in production to 48.97 million tonnes (MT) in September. The company's output was 50.94 MT in the corresponding month of the previous fiscal year. The output has lowered even as the government aims to increase production to bring down the import of dry fuel. S
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JP Morgan has raised Tata Steel's share price target to ₹195 from ₹180, implying an upside potential of 14 per cent from current levels.
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The company spokesperson said that store operations will be conducted through a modern SAP-based digital management system, ensuring efficiency and transparency
The government will roll out an Rs 8,500 crore incentive scheme and a dedicated coal block allocation framework to promote gasification, with private and foreign players showing interest
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
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 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
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
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
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
CIL alone meets 80 per cent of India's domestic coal demand across key industries including power, cement, and steel
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
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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
The move would enable consistent demand for coal, Coal India said in the notice dated August 6, which was reviewed by Reuters