The offer would be for buyback of equity shares not exceeding 10,89,55,223 of face value of Rs 10 each at a price of Rs 335 per equity share
The buyback programme is worth Rs 3,650 crore
Soft demand from power sector remains factored in, but rising prices to push up e-auction realisations
The project, which will be a government-to-government deal, will help reduce India's coal import
In 2015-16, the miner produced 536.51 mt of coal against a target of 550 mt and its off-take stood at 532.26 mt
A senior company official says the plan is to set up new-age refineries that can realise the full value of coal
Interview with Chairman and Managing Director, Coal India
After making a weak opening, the scrip further lost 2.72 per cent to Rs 321.70 on BSE
Depleting interest income on cash reserves, poor response to e-auctions impact bottom line
Net sales of the company during the quarter declined by 6% to Rs 17,796 cr
While the shareholders have been the largest beneficiaries, Coal India is steadily losing its sheen as a cash-rich company
Government has set a production target of 598 MT for CIL for the ongoing financial year
Solar Energy Corporation of India has already floated tenders for development of solar capacity in the second phase
As the central govt has effected a 42% rise in minimum wages of non-agricultural workers from Rs 246 to Rs 350
Government is taking away whatever it can from the biggest cash generating listed entity
Company's Board has approved signing of an MoU with the South Africa government-controlled AEMFC
Approval for buyback of Rs 3,650 worth shares was sought through a postal ballot
CIL has envisaged a coal production of 908.10 million tonnes in 2019-20 with a CAGR of 12.98 per cent with respect to 2014-15
Dispatch by Coal India (CIL) in the corresponding period of last financial year was 129.6 MT, according to official data
A sizeable coal stock and BJP-backed Bharatiya Mazdoor Sangh not participating in the stir are other reasons Coal India can take respite from