Ecl

ECL urges staff to boost coal output to meet annual production targets

Coal India subsidiary Eastern Coalfields Limited (ECL) has urged its employees to enhance production in the final quarter of the current fiscal to bridge the gap between targets and achievements, citing shortfalls in cumulative output till December. In a message to employees ahead of the 77th Republic Day, ECL CMD Satish Jha said cumulative coal production up to December 2025 stood at 33.482 million tonnes, below the proportionate target of 38.752 million tonnes, underscoring the need for accelerated production in the remaining months of the fiscal. The Coal India arm, however, said it remained on a strong operational footing, supported by robust overburden removal of 133.013 million cubic metres during the period, which it described as a key area of strength enabling higher coal output. Cumulative coal offtake during the April-December period stood at 33.666 million tonnes, helping ensure continuity of supplies and revenue flow. Calling for concerted efforts from employees, office

Coal India's ECL deploys AI drones to monitor green cover in mining areas

Coal India subsidiary Eastern Coalfields Ltd (ECL) on Wednesday said it has deployed AI-driven drones to assess green cover and scientific reclamation of land in its Sonepur-Bazari mining area in West Bengal. The company said the assessment involved drone-based orthomosaic mapping, GIS- and GPS-enabled spatial validation, vegetation health analysis and ecological surveys for ground verification. High-resolution UAV surveys combined with advanced geospatial analytics to objectively evaluate plantation performance and ecological restoration are part of the exercise, a company statement said. The study is being conducted by the Central Institute of Mining and Fuel Research (CSIR-CIMFR). The integrated approach enables a data-driven evaluation of plantation survival rates, canopy development, species composition, spatial distribution and overall reclamation success, the statement said. The use of AI and UAV technologies enhances accuracy, scalability and consistency in environmental .

Draft ECL framework: Banks plan to move RBI for lower Stage-II floor

Banks are planning to make a representation to the regulator shortly. The deadline for submitting feedback on the draft ECL framework is November 30

ECL norms to have bigger impact on banks with higher unsecured loans

Expected credit loss framework to replace incurred loss model from April 2027; analysts say lenders with higher unsecured retail and microfinance exposure will see bigger provisioning impact

Banks get 4 years to spread provisions for ECL norms, MSME relief ahead

Moreover, the regulator proposed tweaking risk weights for loan to MSME and residential housing loans, which will release capital for banks

ECL Finance names Ajay Khurana MD; Moody's upgrades Muthoot rating

Moody's Ratings has upgraded gold financier Muthoot Finance Ltd's long-term corporate family rating from Ba2 to Ba1. The rating outlook remains stable

RBI likely to draw up road map for ECL adoption at Monday's meeting

The central bank's communication to private banks' board secretariats has not listed the agenda for the meeting, but has only given the event flow

Are Indian banks ready to adopt the expected credit loss framework?

The sophistication that ECL is asking for is much more ahead and advanced compared to usual scoring models

Well-equipped to deal with ECL framework: SBI Chairman Dinesh Khara

Non-NPA provisions of bank over Rs 35,500 crore

ECL aims at more than double underground coal production of 20 mt by 2028

Eastern Coalfields Ltd (ECL), a subsidiary of Coal India, is focusing on expanding its underground mining operations to achieve more than double production from such activity at 20 million tonne by 2028, a senior official said on Sunday. This has been planned to support Coal India's target to ramp up underground coal production from all mining subsidiaries to 100 million tonne by 2030 from a level of 25-26 million tonne now, he said. ECL underground coal commands a premium of three to four times over average notified prices, and now, it accounts for 25 per cent of its total production, while the rest is from open cast operation, ECL Director (Technical), Niladri Roy said. The miner aims at achieving the goal through a combination of strategies, like greater automation, engaging mine developers and operators (MDOs), and offering abandoned blocks to the private sector for residual coal mining in a revenue-sharing model, he said. We are currently producing nine million tonne from aro

Indian banks well placed to transit to Expected Credit Loss regime: S&P

This transition is not expected to change ratings on these banks

Indian banks' switch to IFRS norms unlikely to drive rating changes: Fitch

The RBI introduced a discussion paper last week that suggested banks make provisions for bad loans using the expected credit loss (ECL) method

RBI's ECL move may hit capital position of smaller private banks

Over the past 5-10 years, the probability of default would have been very high for the banking sector and that's why eventual ECL provisions could be higher

Coal minister asks ECL to ramp up production to 50 MT during current fiscal

Coal Minister Pralhad Joshi on Thursday directed the officers of the Eastern Coalfields Ltd (ECL) to work for achieving the production target of 50 MT during the current fiscal to meet the energy requirement of the country, a statement said. In 2021-22, ECL produced 45 million tonnes (MT) of coal. On the second day of his two-day visit to the ECL areas, Joshi inaugurated several infrastructure projects that would help increase coal-loading capacity and control the pollution caused by coal production and dispatch, the statement said. Joshi also visited the View Point of Sonepur Bazari opencast project. He inspected the project and held a review meeting with officials. The minister also visited the underground coal mine in Jhanjhara, about 225 metres deep. At an annual production capacity of 3.5 MT, it is the most coal-producing underground mine in India, the statement said. Joshi is the first coal minister to visit the mine. There, he interacted with coal mine workers, besides ...

Loan provisioning in banks: RBI for expected loss-based approach

With low NPAs and high provisions, time ripe for global standards: Bankers

ECL Finance invokes 9.30 lakh pledged United Breweries shares worth Rs 75 crore

The invocation of the shares comes at a time when 17 lenders led by SBI and investigative agencies have stepped up pressure on Mallya for recovery of over Rs 9,000 crore loans given to the grounded Kingfisher Airlines