Page 34 - Coal India

Coal India clears over 44% rake backlog to non-power sector consumers

Company sources estimate that this entire backlog of rake allocation can be cleared in the next 3-4 months

Four years on, auctioned coal mines still behind production target

After a Supreme Court judgment cancelled all coal mine allocations made over the past decade, the BJP-led central government held e-auction to reallocate them

Govt to auction over 41 new coal blocks 'very shortly', says Pralhad Joshi

He told the Lok Sabha that a number of important steps have been taken to augment and monitor coal dispatches to power plants

Coal India arm to fly drones in fields by August, will buy two initially

The company is on the lookout for UAVs with extremely high endurance time and a massive payload capacity

Coal India to hire merchant bankers for buying stakes in Australian assets

State-run miner is eyeing assets abroad as it feel domestic production would be insufficient to meet coking coal and high-grade fuel demand

Coal India targets 8% growth in output, lines up Rs 10,000 cr capex in FY20

The target for revenue from operations (net) has been fixed at Rs 1 trillion for FY2019-20

Volumes key for Coal India after surprisingly strong Q4 performance

Higher prices aided profitability but e-auction realisations falling

Coal India posts record 362.46% rise in Q4 profit; net revenue jumps 7.53%

Coal India earned a net profit of Rs 1,302.63 crore the same quarter in FY18

Coal India using space technology to curb pilferage and illegal mining

While there are no official figures, one estimate pegs pilferage at 6.8 mn tonnes, which works out to a loss of Rs 900 cr a year

CIL's volumes recover; investors should keep an eye on e-auction premiums

While dispatches crossed the 600 million tonne-mark in FY19, e-auction premiums have started declining with fall in international coal prices

Coal India nears production target of 610 mt for 2018-19; growth up 7%

This is the highest production ever recorded in a single month since Coal India's inception.

Government reduces its holding in Coal India to 72.33% in FY19

During the last financial year, the total payout to government was around Rs 10,000 crore, without any stake sale

Profit down by over 50% in 7 years: Coal India's future looks bleak

Net worth, profits continue to fall as Coal India battles higher wages, rising coal demand

Govt may receive Rs 2600 cr more from Coal India as second interim dividend

Company estimates suggest that the total outgo on account of this second round of dividend is to the tune of Rs 3,605 crore which it will start to pay March 29 onwards

Growth in February volumes brings respite to Coal India investors

Analysts keeping an eye on e-auction premiums but believe valuations are at attractive levels

Coal India's supplies to power sector up by 7.1% in April-February

Helps bring down number of coal-starved power stations; company's stock also normalizes

Coal India aiming to meet 610 million tonne production, off-take target

Coal India's total production as on February stood at 528 MT, up 6.6 per cent in the first 11 months of the current fiscal

CIL closer to MoU aim, but may miss aspirational output target this year

Sources in MCL said its internal annual aspirational target of 162.50 mt might have already been revised.

Sebi exempts Coal India from buy back programme for 4.46 crore shares

Coal India had filed an application on February 12 with the Securities and Exchange Board of India seeking exemption from the strict enforcement of the buyback norms

Coal India beats Street in Q3 with higher realisation and robust demand

Market remains cautious on volume growth and sustenance of e-auction premiums