CIL has identified 14 additional projects involving capital expenditure of more than Rs 3,400 crore under the 'first mile connectivity' initiative to upgrade transport facility at mines
All that happened in the markets today
The SGX Nifty was up around 60 points at 7:30 AM, and was indicating an open above 10,300 levels for the Nifty today
Coal India asserts monopoly as mine-bearing states protest coal auction
The Indian markets are likely to start this week on a flat note with a negative bias, on the back of similar trend in global indices
There is effectively no strict eligibility criterion for participating in the auction. The companies/joint ventures should be registered in India.
Coal import dips 20% to 19 MT in May
With the start of some economic activity and a slight pickup in power demand, some increase was expected in the company's coal volumes in May
Adani Power, GMR Energy, Avantha Power, Lalitpur Power, and Vedanta are some of the private companies that have applied for the 'import substitution' scheme of the Centre
The company produced 602.14 million tonnes of coal during the last fiscal
But the currency could take a hit if rating agencies respond unfavourably
The environment ministry now in its latest note has said, "In the overall scheme of coal, mine, washery and power plant, the extent of ash content in mined coal remains the same"
In the earlier two rounds held over the last two years, around 9,389 megawatt (MW) of power capacity bid for the coal under the SHAKTI scheme
The company had posted a total production of 45.30 million tonnes (MT) in the corresponding month of the previous financial year, CIL said in a filing to the BSE
Traders can benefit from price volatility in the months to come
Costs unlikely to fall; does not bode well for earnings
All coal producing arms of CIL advised to immediately implement the increase; move is designed to encourage power plants to fo domestic supply instead of relying on imports
The employees had gathered to perform a religious event on Friday
Pending demand for Deferred Payment Letters of Credit implemented as additional mode of payment along with irrevocable revolving L/C for coal supplied to power producers, especially IPPs
For IndusInd Bank keep a stop at 330 and go long