Page 5 - Coal India

Coal India eyeing lithium blocks in Australia, Argentina: Chairman Prasad

State-owned CIL is looking at lithium blocks in Australia and Argentina, company's Chairman P M Prasad said on Wednesday. Speaking on the sidelines of the 11th Asian Mining Congress and the 11th International Mining Exhibition, Prasad said Coal India Ltd (CIL) is targetting a production of 875 million tonnes (MT) and offtake of 900 MT in the 2025-26 fiscal year. The company accounts for over 80 per cent of domestic coal production. Prasad further said the Rs 10 per tonne price hike for both coking and non-coking coal with effect from April 16 will have minor impact on the company's revenue. CIL's pithead stock as on March 31, 2025 was 106 million tonnes, the highest so far. CIL's foray into critical minerals is driven by the need to reduce its reliance on coal and align with global trends prioritising these minerals for clean energy technologies.

Coal India to increase coal price by Rs 10 per tonne from April 16

State-owned Coal India Ltd on Tuesday said its board has approved a Rs 10 per tonne increase in the prices of both coking and non-coking coal with effect from April 16. "CIL board at its meeting held on date, inter alia approved enhancement of notified price of coal by Rs 10 per ton i.e from existing Rs 10 per ton to Rs 20 per ton for non-coking and Rs 10 per ton for coking coal for regulated and non-regulated sectors across CIL towards contribution to the corpus of CMPS-1998," it said. This price adjustment is aimed at contributing to the corpus of Coal Mines Pension Scheme (CMPS)-1998 and is likely to impact both regulated and non-regulated sectors, potentially affecting the company's revenue and market positioning, according to a company official. Coal India Ltd (CIL) accounts for over 80 per cent of domestic coal output. Eastern Coalfields Ltd (ECL), a subsidiary of Coal India, had in November last year announced increase in add-on price of coal in Rajmahal area of Jharkhand to

Coal India produces 781 MT in FY25; 7% less than company's target

State-owned CIL produced 781.1 MT of coal in 2024-25, nearly 7 per cent less than the company's target for the financial year. CIL's coal production target for 2024-25 was 838 million tonnes (MT). However, coal production by Coal India Ltd (CIL) grew marginally by one per cent in FY25, over the year-ago period, the public sector enterprise said in a regulatory filing. CIL's coal production in March dropped by 3.1 per cent to 85.8 million tonnes over the year-ago period. The output was 88.6 MT in the same month of FY24. The subsidiaries of the coal behemoth, which registered a decline in production are Central Coalfields Ltd (CCL), Western Coalfields Ltd (WCL) and South Eastern Coalfields Ltd (SECL). Coal India accounts for over 80 per cent of domestic production. In FY24, CIL produced 773.65 million tonnes, marking an 11 per cent growth over FY23. Coal India Ltd had earlier said that the realistic production target for 2024-25 fiscal will be 806-810 million tonnes, down from 83

Coal India, ONGC Videsh among firms seeking stake in SQM's lithium projects

KABIL has partnered with Coal India, Oil India, and ONGC Videsh to seek the 20 per cent stake in SQM's Mount Holland and Andover lithium projects in Western Australia

SECL's corporate social responsibility scheme listed on DBT Portal

The DBT initiative aims to reform the delivery of benefits and subsidies by directly transferring funds to beneficiaries' bank accounts, minimising leakages

Stocks to Watch: Adani Enterprises, Zomato, Swiggy, Cement, Pharma stocks

Stock market today: Pan-Indian average cement prices have risen for three consecutive months. In February, prices increased by ₹3 per 50 kg bag (up 1% M-o-M and 2% Y-o-Y) to ₹374 per bag

Mahanadi Coalfields to retain Coal India's top spot in production

Till FY21, SECL was CIL's largest coal producing company. The output, however, dropped to 142.5 MT in FY22, only to be overtaken by MCL with coal production of 168.2 MT

Coal India sets 788 MT production, 765 MT offtake; rules out price cut

Coal India Limited (CIL) is expecting a production of 788 million tonnes (MT) and an offtake of 765 MT for the current fiscal year ending March 2025, its chairman P M Prasad said on Monday. The initial production target was 838 MT, which was revised to 806-810 MT in January. In FY'24, the company achieved production of 773.65 MT, reflecting a 10 per cent year-on-year growth. Speaking at a mjunction organised Coal market conference the chairman attributed the slowdown in offtake to a rake shortage in large mines, but remained optimistic about growth in the coming months. Both production and offtake are expected to grow by 1.5 per cent this year, based on current estimates against 10 per cent and 8.5 per cent growth, respectively, last year. Prasad also mentioned that the availability of rakes had been a concern due to the Kumbh Mela, but after discussions with the Railways, rake availability has improved. On the issue of international coal prices softening, Prasad ruled out any pr

HDFC Bank, Coal India: Angel One's Osho Krishan picks stocks to buy today

Stocks to Buy Today: The recent buying traction in HDFC Bank share has been backed by a rise in trading volumes

CIL waives financial coverage charge for non-power sector consumers

State-owned Coal India Limited on Sunday said that non-power sector (NPS) consumers will not have to pay the coal value worth ten days of supply as financial coverage for the dry fuel received via rail transport. "With the waiver of financial coverage, CIL takes an important step towards reducing transactional complexities and fostering an environment that encourages smooth and efficient business operations," the PSU said in a statement. The latest decision is one more step in Coal India Ltd's ongoing efforts to streamline operations under the broader ease of doing business initiative, the company said. "This also helps to reduce the financial burden for NPS consumers and improve their cash liquidity," Coal India Ltd (CIL) noted. The liquidity availability will allow consumers to use the capital for other operational needs and reduce the working capital pressure. During the ongoing financial year, CIL supplied about 560 million tonnes (MT) of coal to the power sector and nearly 13

Coal India arm NCL aims to achieve production target of 139 MT for FY25

Coal India arm Northern Coalfields Ltd (NCL) expects to achieve the production target of 139 million tonnes for the current fiscal. In a statement, NCL said that till February the subsidiary produced 128.13 million tonnes and "we are hopeful that we will also achieve our annual target". The company's dispatch was 125.78 MT in the April-February period of the current fiscal. NCL's dispatch target for the current fiscal is 139 million tonnes. The company known for its highly mechanised mines and critical role in ensuring the country's energy security, said that it has launched the first aid training programme for homemakers on a large scale. By extending awareness about first aid beyond the workplace and into the homes of its workforce, NCL is fostering a primary-care-conscious community and reinforcing a culture of preparedness. "Launched on 26th January, the First Aid Training Program for Homemakers, in just one month, has successfully trained about 1,500 homemakers in different

Coal India's production decreases marginally to 74.1 MT in February

State-owned Coal India Ltd (CIL) recorded a marginal 0.9 per cent decline in coal production in February compared to the year-ago period. The company's' coal production stood at 74.1 MT in February this fiscal, down from 74.8 MT in the corresponding month of previous fiscal. The company's production in the April-February period was 695.3 MT over 685.1 MT in the year-ago period, CIL said in a filing to BSE. Coal India accounts for over 80 per cent of domestic coal output. The cumulative coal production during April-February period was at 928.95 million tonnes, registering an increase of 5.73 per cent, over 878.55 MT of fossil fuel produced in the year-ago period, the coal ministry said in a statement. The cumulative coal dispatch during the April-February period rose to 929.41 MT, registering a growth of 5.50 per cent from 880.92 MT produced in the corresponding period of previous year, the ministry said. "This robust performance underscores India's commitment to energy security a

Strong volume recovery likely to drive upgrades for Coal India's stock

NCL is the third largest subsidiary with sales of 138 million tonnes in FY24, contributing 18 per cent of CIL's total sales volume

Steep hike in cess to pay for higher pension costs darkens outlook for CIL

JP Morgan recently cut the per-share target price of the state-owned firm by almost Rs 35, largely on account of a 250 per cent increase in cess on each tonne of coal output

Coal India share slips 5% after production drops to 78.4 MT in January

Coal India share price slipped 4.87 per cent at Rs 366.55 a piece on the BSE in Monday's intraday trade after the company's coal production in January stood at 77.8 million tonnes, down 0.8 per cent y

Five Coal India arms including SECL miss production target for Apr-Dec

Five subsidiaries of Coal India, including SECL, CCL and ECL, have not met their production targets for April-December period of this fiscal year. Against the target of 133 million tonne (MT) set for April-December period, South Eastern Coalfields Ltd (SECL) produced 111.54 MT of coal. The output by Central Coalfields Ltd (CCL) was 57.73 MT against the target of 66.48 MT. In the case of Bharat Coking Coal Ltd, the production was 29.07 MT against the target of 31.90 MT. Eastern Coalfields Ltd's (ECL) actual production was 33.82 MT while the target was 35.35 MT. The output of Northern Coalfields was 104.90 MT while the target was 105.12 MT, according to Coal India data. On the other hand, Coal India arms Western Coalfields Ltd (WCL), Mahanadi Coalfields Ltd (MCL) and North Eastern Coalfields (NEC)--a unit of Coal India Ltd --are ahead of their target. WCL produced 45.10 MT of coal against the target of 44.66 MT. MCL's production was 161.02 MT against the target of 158.79 MT. In

Coal India Q3 results: Profit drops 17% to Rs 8,506 cr, dividend declared

Coal India Q3FY25 results: The company accounts for over 80 per cent of the domestic coal output

Q3 results Jan 27: Coal India, Tata Steel among 78 to post earnings today

Q3FY25 company results, January 27: Coal India, Bajaj Housing Finance, Canara Bank, and ACC will release their reports for the Oct-Dec 2024 quarter

Western Coalfields faces flat coal production at 69 MT amid challenges

Western Coalfields Ltd (WCL), a subsidiary of Coal India, has projected flat coal production at 69 million tonne in FY'25, mirroring last year's output, as it grapples with operational and pricing challenges. Despite achieving its highest-ever coal production of 69.113 million tonne in FY24, reflecting a 7.5 per cent growth, WCL anticipates no growth this fiscal or the next due to limited reserves, adverse geo-mining conditions, and escalating production costs, a top company official said. "Our total production for FY'25 will remain around 69 million tonne, similar to last year. Despite our best efforts, we expect production to remain flat next fiscal as well due to unique mining and pricing challenges," WCL Chairman and Managing Director Jai Prakash Dwivedi said. The Nagpur-headquartered company operates 52 mines, including 19 underground and 33 open-cast mines, across 10 areas in Maharashtra and Madhya Pradesh. WCL produced 45.1 million tonne of coal between April and December, .

Coal India eyes 4-5% FY25 growth, CMD optimistic on key coalfield targets

During April to December 2024, CIL recorded a production of 543.4 mt, a growth of 2.2 per cent over the same period last year