Page 7 - Coal India

Coal India hopes to rejoin dividend list as ECL improves performance

Coal India aims to eliminate Rs 2,200 crore in accumulated losses at its subsidiary, Eastern Coalfields Ltd (ECL), and to rejoin the dividend list by FY 2025-26, a top official said on Sunday. At the foundation day event, Coal India chairman P M Prasad said Bharat Coking Coal Ltd, another previously loss-making subsidiary, has already re-entered the dividend list. He expressed confidence that ECL would achieve similar success by FY 2025-26. Coal India has seven coal-producing subsidiaries. "ECL is performing well and is on track to meet its production target of 54 million tonnes this year. We expect to eliminate two-thirds of its Rs 2,200 crore accumulated losses this fiscal year, with the remaining losses cleared by the following year, allowing it to rejoin the dividend list," Prasad said. He added that the next 3-4 months would present challenges for production due to monsoon impacts on growth. However, Coal India remains on track to achieve its overall production target of 773 ..

Volume outlook, e-auction premiums remain positive for Coal India stock

Given a strong volume outlook, e-auction premiums and assuming lower operating costs, the long-term outlook remains positive

What's led Coal India stock to drop 6% in trade post Q2 results; Details

Coal India's board declared the first interim dividend of FY25 at Rs 15.75 per share

Coal India Q2FY25 results: Net profit declines 22% to Rs 6,275 crore

The consolidated sales of the company during the second quarter declined to Rs 27,271.30 crore, over Rs 29,978.01 crore in the year-ago period

SECL to spend Rs 169 cr on plantation drive in MP, Chhattisgarh in 5 yrs

Coal India-arm SECL is set to spend Rs 169 crore over the next five years on extensive plantation drives in Chhattisgarh and Madhya Pradesh, an official statement said on Monday. In partnership with the Rajya Van Vikas Nigam, the South Eastern Coalfields Ltd (SECL) aims to plant over 26 lakh saplings in Chhattisgarh and 12 lakh in Madhya Pradesh between 2023-24 and 2027-28. The initiative also includes a four-year maintenance period for each year of plantation to ensure proper growth and survival of saplings, the coal ministry said in a statement. In alignment with the Prime Minister Narendra Modi's 'Ek Ped Maa Ke Naam' campaign, SECL has planted 1,46,675 saplings across its operational areas in Chhattisgarh and Madhya Pradesh.

Higher e-auction share key for Coal India stock; 15% target boosts outlook

Given predictable demand and steady growth, if e-auction at 15 per cent is achieved, the outlook is positive

Coal India production drops marginally by 1% in Sep to 50.9 mn tonne

State-owned CIL's coal production dropped marginally by 1 per cent to 50.9 million tonnes (MT) in September. The coal behemoth, which accounts for over 80 per cent of the domestic coal output, produced 51.4 MT in the corresponding month of the previous fiscal year, Coal India Ltd (CIL) said in a filing to the BSE. However, the PSU's coal output in the April-September period of the current fiscal year increased 2.5 per cent to 341.5 MT, over 332.9 MT in the year-ago period. The amount of coal supplied from the pitheads of Coal India dropped to 54.4 MT last month, over 55.2 MT in the corresponding month of the previous fiscal year. However, the coal offtake in the April-September period increased to 366.6 MT, over 360.6 MT in the corresponding period of previous fiscal year. Coal India's production rose 10 per cent to 773.6 million tonnes in 2023-24 but fell short of its production target of 780 MT for the fiscal year. CIL's production was 703.2 MT in the preceding 2022-23 fiscal .

Coal India arm BCCL books 2.40 million tonnes coking coal for steel sector

The government on Thursday said 2.40 million tonnes (MT) of coking coal have been booked of the 3.36 MT offered by Coal India arm Bharat Coking Coal Ltd (BCCL) under auction mode for the steel sector for long-term linkages. Coking coal is a key raw material that is used to manufacture steel through the blast furnace route. "BCCL achieved record-breaking success in the recently concluded long-term linkage e-auction (tranche VII) for the steel sub-sector. Of the 3.36 MT of coking coal offered, 2.40 MT was successfully booked, setting a new benchmark in coal bookings," coal ministry said in a statement. BCCL CMD Samiran Dutta said efforts to make the auction process more inclusive and transparent have paid off significantly. The import of coking coal puts a burden on country's valuable foreign reserve, and to change this, BCCL has undertaken reforms to make its coking coal auction processes more flexible, transparent, and attractive for the country's steel producers, he said. The CIL

India's coal output grows significantly, up 5.85% at 411.6 MT in FY25

The country's coal output grew 5.85 per cent to 411.62 million tonnes (MT) in the current fiscal year (up to September 12), over the year-ago period. This country's coal production was 388.86 MT during the same period last year. "This marks a significant increase... reflecting a commendable growth rate of 5.85 per cent, despite adverse climatic conditions that challenged mining operations," the coal ministry said in a statement. The figures are provisional. The production by state-owned Coal India Ltd rose to 311 MT during the same period, marking a growth of 2.80 per cent compared to 302.53 MT in the corresponding period of the previous year. This growth is even more notable given the interruptions in mining activities in CIL subsidiaries due to heavy rains, it said. Coal dispatch has also experienced a substantial uplift, reaching 442.24 MT during 2024-25 (up to September 12), compared to 421.29 MT in the same period last year, it said, adding that this reflects a robust growth

CIL planning to invest $8 bn to build coal-fired plants near its mines

The state-owned miner has already won approval for 4.7 gigawatts of generation to be built over the next six to seven years

Coal India, Aster CMI Hospital partner to provide bone marrow transplants

Coal India Limited has partnered with Bengaluru-based Aster CMI Hospital to provide life-saving bone marrow transplants for children with thalassaemia and aplastic anaemia conditions, the hospital said on Monday. The initiative, supported by the Health Ministry of India, allows Coal India Limited's Corporate Social Responsibility project to financially assist with bone marrow transplant treatments for these life-threatening conditions, said Vinay Ranjan, Director of Coal India Limited in a press release. "By combining our resources and expertise, we can make a tangible difference in the lives of children born with these rare, life-threatening conditions," he said. As part of the understanding, Coal India has committed to providing upto Rs 3 crore to treat thalassaemia and aplastic anaemia patients for a period of three years. This funding will enable us to provide medical assistance to approximately 300 patients and Aster CMI Hospital is empanelled for this project, said Dr S P ...

CIL's contribution to govt exchequer rises 2% to Rs 20,072 cr in Apr-Jul

Coal India's contribution to govt exchequer rises 2 pc to Rs 20,072 cr in Apr-July

CIL removes all restrictions on coal purchases, demand to dictate supply

Ends nearly 20-year practice of supply based on contracted capacity

Advancing 119 projects worth Rs 1,33,576 cr to boost output: Coal India

Coal India Ltd is advancing 119 projects with a capacity of 896 million tonne per year and a sanctioned capital of Rs 1,33,576 crore, the world's largest miner said. These projects, which are at various stages of implementation, are part of CIL's proactive strategy to increase production capacity and meet future coal demands, the company said in its latest annual report. Though the mining major did not specify a timeline for the capex, it said the development of these projects involves substantial investments in advanced mining technologies and infrastructure, aimed at enhancing productivity and ensuring sustainable mining practices. The Kolkata-headquartered company has set an ambitious target of achieving 1 billion tonne of production by 2025-26 to fulfill the nation's coal demand and support the goal of Atmanirbhar Bharat'. In the 2023-24 fiscal, its production stood at 773.6 million tonne. CIL said in 2023-24, one coal mining project with a sanctioned capacity of 20 million to

Coal India forays into non-coal mineral mining with graphite project

Graphite is the first mineral Coal India Limited (CIL) will diversify its operations beyond coal, following an order from the Ministry of Mines granting the company a composite license for prospecting and mining. This license pertains to the Khattali Chhoti Graphite Block in Alirajpur, Madhya Pradesh. "This is the first mineral other than coal for us," Debasish Nanda, Director of Business Development at Coal India, told PTI. CIL is required to pay a mining premium of 150.05 per cent of the value of minerals dispatched to the state government. Coal India said the timeline is one year for the grant of the composite license and three years for the execution of the mining lease deed, the miner informed bourses. Currently, the project is in a very preliminary phase, necessitating further exploration. In alignment with the government's Atmanirbharta vision, Coal India has formed a special team to focus on other critical minerals both globally and within India. Graphite, which has mult

Coal India to ease e-auction rules, plans to tweak allocation methodology

Maharatna coal behemoth Coal India Limited (CIL) on Friday said it has taken steps to ease e-auction norms like lowering the earnest money and enhancing the quantity of the dry fuel on offer. The company is also planning to tweak its auction and allocation methodology, as it aims to encourage increased participation. "CIL has taken steps to ease the norms in e-auctions like lowering the earnest money deposit (EMD) and ramping up the quantities offered under the auction hammer," the PSU said in a statement. The coal behemoth has asked all its arms barring Northern Coalfields Ltd, to spike up their offer quantity under e-auction to 40 per cent of their respective total production for the second and third quarters of this financial year. At present, Coal India operates only a single window mode agnostic e-auction scheme, where consumers can opt their own preferred mode of transport of coal. "The company is also planning a revamp of its auction and allocation methodology under its ...

Robust production, new initiatives to drive growth for Coal India

NRS offtake may remain high, leading to higher blended realisation because power plants with FSA have sufficient supply

India set to register biggest jump in coal-fired power in a decade

The world's most populous nation expects to add 15.4 gigawatts in the year through March 2025, the most in nine years

India targets higher domestic coal production, reduced imports: Govt

India, which is under pressure from rich economies to stop or reduce coal use, has plans to set up new coal power plants with power generation set to begin four years later

LS poll impact: PSU shares in free fall mode; most stocks hit lower circuit

Government-owned shares witnessed intense selling pressure as analysts feared that the relatively poor showing of the Modi-government may impact its reforms agenda.