During April-July, CIL had lagged six per cent to its targeted production of 173 million tonnes (mt)
The PSU firm, a major supplier of coal to the power sector, is also eyeing production of one billion tonnes by 2020
The corridor will be aligned to pass through the coal mining blocks in Talcher, while avoiding populated areas of the region
Power Minister says human rights vilation report floated by elements which do not want to see India's development and prosperity
Finance Ministry is pushing for buyback of shares by CPSEs to generate cash for the govt and help push the valuation for any divestment
The stock hit a high of Rs 322 and a low of Rs 313.50 so far during the day
The buyback money will be spend over funding ongoing developmental projects as well as bridge the country's fiscal deficit
Firm in positive light after price hikes, volume growth, buyback news
The stock up 2% at Rs 323 after the company said the board will meet on July 11 to consider share buyback proposal.
Aggrieved with the Centre and CIL for not making headway in forming a Joint Bipartite Committee for Coal Industry
Last fiscal, Coal India production grew at 8.5% to 536 mt, but the miner missed its target of 550 mt
Company had set a target of 43.31 million tonnes output in June
Close to a dozen power plants across UP, Maharashtra and West Bengal cited reasons like high stock at plant sites or backing down of power demand by host states
The firm has agreed to part with nearly Rs 6,000 crore from its cash reserves
Coal behemoth also revised the modalities for exclusive e-auction for the first phase of exclusive e-auction for 2016-17
The buyback will be at a price of Rs 23,171.89 per equity shares payable in cash
The higher G1-G5 grade coal is dug out of underground mines in which the company has invested heavily over the years
Sources say the buyback size could be at least 5% of the paid-up capital
Sales for May 2016 was 89% at 45.53 million tonne against a target of 50.90 million tonne
Coal India had earlier said it will conduct the auction of coal linkages for the sponge iron sector on May 31