Writeback of provisions and liabilities made in the earlier years that are no longer required are also considered other income
The world's largest coal miner was also able to strategically control its expenses although total expenses shot up by 5.54%
The buyback price is higher than the scrip's price on the BSE which has been hovering around Rs. 222-235 per share since the last 30 days
The company had announced that its three subsidiaries - Mahanadi Coalfields, South Eastern Coalfields and Northern Coalfields - proposed to buyback their equity shares
The PSU giant's coal supply in December 2018 was 1.9 per cent higher at 42.4 MT, over 41.6 MT in the corresponding month a year ago
Coal India's delayed projects include Magadh Expansion, Karo, North Urimari and Rajrappa RCE
The coal behemoth has been able to book 54 mt of coal via e-auction till December as against 79 mt in the similar period of the last fiscal year, registering a 31.65% dip
Coal consumers from the non-power sector have long been complaining about coal availability as most of this fossil fuel is being routed to feed the coal-starved thermal power plants
Coal India's 2.3 lakh workers to participate in the 2-day strike
Coal production has witnessed an increase of 7.4% in the April-December period of the ongoing fiscal, said Piyush Goyal
Weak volume growth likely to put pressure on more profitable e-auction segment
The total outgo from Coal India's coffers as expense for this interim dividend is to the tune of Rs 45 billion
Falling international coal prices are a risk to e-auction premiums
Tata Motors, Balkrishna Ind, Deepak Fertilisers, HSIL, Jindal Stainless, Navkar Corp, Quess Corp, SPARC and Sundaram Clayton were among 20 stocks from the BSE500 index hitting 52-week lows today.
Coal India accounts for over 80 per cent of domestic coal production
A mine rationalisation drive is underway, which will either shut down unviable mines or merge a series of small mines to come up with a single coal block and acquire new mines
Rising coal production and prices should help deliver strong profit growth though Q2 numbers missed estimates
Consolidated expenses of the company during the September quarter rose to Rs 190.915 bn from Rs 181.437 bn a year ago
Coal India employees would be given the option to buy the company's shares at a 5% discount over the final discovered price in the latest disinvestment move
Coal shortage in India had followed an annual cyclical pattern. This year that pattern has not played out