Page 40 - Coal India

No respite for Coal India in Q1

Continued wage provisioning pulled down profitability

Relief for Coal India as NCLAT stays two competition commission orders

CCI had in May ordered CIL to rework the fuel supply agreements

No immediate respite for Coal India investors

Coal India has been in the news for better e-auction prices in June, recommendations of NITI Aayog on free pricing and proposal to restructure the company into smaller ones. While some of the news is positive, the company's near-term prospects look subdued on realisation and cost worries.The higher e-auction realisation in June is certainly positive for the company's profitability. E-auction realisations had fallen sharply earlier this year when demand suffered, but have been recovering in the last couple of months. However, the bigger concern of analysts is the rising share of supplies under Fuel Supply Agreements (FSA) which are less remunerative, and realisations suffering after mine degradation.While wage hikes and gratuity increase is putting stress on costs, the street is worried about lower coal grades putting pressure on realisations; higher share of FSA supplies is only adding to the woes. The wage negotiations are likely to be completed soon and clarity may emerge, but on ...

Coal India's trade unions in pursuit of global exposure

Firm's largest union is attending summit in Geneva in bid to improvise organisational capabilities

Coal India to shut 37 mines tin FY18: Sources

The move will lead to the redeployment of about 11,000 workers

Coal India hits over 3-year low as Q4 earnings miss analysts estimates

The stock, today, posted biggest percentage loss since March 14 and has been down 10.9% this year

Amid low e-auction realisations, Coal India Q4 net falls 38% to Rs 2,716 cr

Government-owned Coal India had a 38 per cent fall in net profit for the quarter ended March 31, at Rs 2,716 crore. For all of 2016-17, the fall was 35 per cent, to Rs 9,266 crore. Tepid power demand, falling realisations from e-auctions and striving to keep prices 18-20 per cent below international levels have been given as reasons. The fall is although the revenue from operations in the quarter increased by 8.6 per cent, to Rs 24,780 crore.In the quarter, final one of 2016-17, apart from increase in expenses on contract labour, employee benefits and corporate social responsibility, provisioning of Rs 1,239 crore increased the cost under this overhead by 325 per cent, which pulled up total expenses by 23 per cent to Rs 22,358 crore."While expenses increased manifold, the company wasn't able to generate enough revenue to meet this expense," an analyst said. Ravi Kataria, managing director at Investment Imperative Group, said: "Coal India has incurred mine development expenses, while .

Coal India Q4 net falls 38% to Rs 2,716 crore

Coal production rose to 176.37 mt in fourth quarter from 165.24 mt a year earlier

Coal India wins tax-cut boost as environmentalists fret

Coal India hopes the lowering of the coal sales tax to 5 percent currently will help it find buyers

Coal India hopes for export deal with Bangladesh this year

State-owned Coal India hopes to conclude an agreement with the government of Bangladesh this year, to start export of coal to that country.Demand for thermal coal recently began picking up but Coal India still has a 69 million tonne (mt) stock as carryover from yesteryear's production. Its officials are now eyeing the South Asian region, to clear the stock and for future contracts.Bangladesh is an immediate consideration, as thermal power giant NTPC, largest client of Coal India, has entered the country by setting up an Bangladesh India Friendship Power Company (BIFPC). This is a 50:50 joint venture (JV) between NTPC and the Bangladesh Power Development Board (BPDB), to construct two 660 Mw coal-based units at Khulna, for an estimated cost of $2 billion. To finance this JV, India's Exim Bank will provide a $1.6-bn loan. Bharat Heavy Electricals, another Indian government-owned entity, was awarded the contract to construct these power plants. With these developments, Coal India seems ..

Coal India considering listing on LSE

Coal India and LSE officials met in London in December to discuss the matter

Coal India devises strategy to stave off impact due to mine grade revision

Coal India may consider revising coal prices this year in case sales volume doesn't pick up to compensate for the revenue loss arising out of grade revision of its 177 mines.A senior company official said while the company had suffered poor sales in the last fiscal year as sales volume grew only 1.6 per cent cent at 543.16 million tonne (mt) against the targeted 8.8 per on account of lower than estimated power demand, the situation is gradually improving now and Coal India is likely to meet its offtake targets in the coming months."We expect sales volume to pick up in the coming months which will make up for the revenue revision arising out of grade adjustment of the mines. In case volume doesn't pick up, then we may consider revising the coal prices to make up for revenue", the official told Business Standard.However, the current demand condition, as per the official, will not call for an immediate hike in coal prices.Recently, the Coal Controller Organization had inspected 871 ...

Cease and desist from indulging in unfair business ways: CCI to Coal India

This time, the CCI has decided not to penalise firms as a fine of Rs 591.01 cr was imposed on CIL

Coal India April 2017 production slips 4.1%

Coal India's coal production in April 2017 declined by 4.1 per cent to 38.44 million tonnes

Coal India's sales outlook remains positive despite muted demand

The power demand in India has grown at 6-7% in the last two years

Coal India Limited projects converting floral waste to fertilisers

It said funds would not be a constraint for implementing such projects in various temples

Power sector to fuel Coal India's e-auction price

Higher global price may add spark

41% of Coal India's sampled mineral downgraded

Around eight per cent of the sample was upgraded

Coal India trade unions fear wage revision delay as board member terminated

Unions have demanded a 50% hike while Coal India is yet to decide on the minimum hike

Coal India falls short of output target as MCL, SECL falter

PSU firm post 7% deficit, achieves 554.13 mn tonnes versus 598.61 mn tonne target