Tag: coal India

‘Coal imports by power sector in April-May reduced 15%’

Speaking to reporters on the sidelines of the event, Goyal refuted reports of shortage of coal in Delhi's power plants.

July 4, 2018

Coal India net profit down 52% in Q4

Coal India on Tuesday reported a 52 per cent fall in its consolidated net profit to Rs 1,295.34 crore during the quarter ended March 31, 2018, as compared to Rs 2,718.8 crore in the year-ago period. Its revenue from operations during the quarter under review was at Rs 26,909.17 crore, up by 8.28 per cent …

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May 29, 2018

Coal India remains optimistic of being competitive

CIL is planning to increase its capital expenditure to Rs 9,500 crore in 2018-19 to strengthen its production capacity, Chairman and Managing Director Gopal Singh told reporters here.

March 30, 2018

Rs 8,297.77-cr demand notices slapped on Coal India firm

Coal India on Monday said that demand notices amounting to Rs 8,297.77 crore were received for 17 projects of its subsidiary firm, Mahanadi Coalfields Ltd (MCL), for production beyond approved limits for the period between 2000-01 and 2010-11. The miner’s subsidiary has already pleaded for exclusion from the demand on “valid legal grounds”. “Demand notices …

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March 26, 2018

Centre to get around Rs 8,044 cr of dividend from Coal India

The miner's total payout on account of this would be to the tune Rs 10,242 crore.

March 11, 2018

Coal India misses production target by 7%

Coal India Ltd (CIL) on Thursday reported 495.09 million tonnes (MT) of production in April-February in the current fiscal, but missed the target by nearly seven per cent. CIL, with a target to produce 531.32 MT during eleven months, clocked a 1.4 per cent growth in production from 488.06 MT in the same period of …

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March 2, 2018

Reliance Power achieves 100% fuel security for Butibori plant

Reliance Power announced on Monday that it has achieved full fuel security for its 2 x 300 MW Butibori Thermal Power Plant (TPP) in Maharashtra following directions were given by the Delhi High Court state miner Coal India Ltd (CIL). The Butibori plant is supplying 600 MW power to Reliance Infrastructure Mumbai Distribution under a …

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February 12, 2018

Coal India boss sees challenging times ahead

Coal India Ltd, which is struggling to meet coal production targets, foresees significant competition coming in from the private sector in the future, a top official of the company has said. “More challenging times are ahead. Soon, mines for commercial exploitation will be offered to the private sector and in the not-too-distant future, private sector …

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January 14, 2018

Coal India hikes non-coking fuel price

The Coal India board on Tuesday approved a non-coking coal price hike for both power and non-power consumers. The price increase is expected to push the miner’s revenue up by Rs 1,956 crore for the remaining period of the current fiscal. The price revision is effective from Tuesday and the projected incremental annual revenue would …

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January 9, 2018

Coal India board clears way for ‘Shakti’ scheme

Coal India Ltd on Wednesday said its board cleared the decks for signing of fuel supply agreements after the auction of coal linkages to Independent Power Producers having long-term Power Purchase Agreement have been concluded. Under the ‘Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India’ (Shakti), as much as 27.18 million tonnes of annual coal …

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December 21, 2017

Coal India’s average loading of rakes rises 7 per cent in Q2

Coal India Ltd (CIL) on Monday said its average loading of rakes per day went up to 208.8 in the second quarter of the current fiscal – up by 7 per cent from 195.2 rakes per day on a same quarter comparison of last year. “Constant coordination and synergising the efforts with Railways, with the …

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November 13, 2017

Post-GST, coal consumers to benefit with Rs 6,000 cr savings in taxes

Coal consumers are expected to be benefitted by Rs 6,000 crore annual savings with reduction in tax rates after the implementation of the Goods and Services Tax (GST), an official said on Thursday. In the pre-GST regime, there was excise duty on coal at the rate of six per cent, stowing excise duty at Rs …

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September 14, 2017

62 ongoing coal projects delayed: Coal India

Coal India said on Wednesday that 62 coal projects out of 120 ongoing projects were not running on schedule mainly due to delay in obtaining forest clearances, acquiring land and issues related to rehabilitation and resettlement (R&R). “120 coal projects and 71 non-mining projects costing Rs 20 crore and above are in different stages of implementation. …

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August 16, 2017

Coal India’s production declines marginally, sales grow in July

Coal India on Tuesday reported that its production during July declined marginally to 36.64 million tonnes (mt) as compared to 36.74 mt produced in the same month last year. According to the state miner's provisional data, it produced 155.48 mt of coal during the first four months of the current financial year, down by 4.3 …

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August 2, 2017

Coal India’s production declines marginally, sales grow in July

Coal India on Tuesday reported that its production during July declined marginally to 36.64 million tonnes (mt) as compared to 36.74 mt produced in the same month last year. According to the state miner's provisional data, it produced 155.48 mt of coal during the first four months of the current financial year, down by 4.3 …

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August 2, 2017

Coal India invites power producers for linkage auction

State-run Coal India Ltd (CIL) has invited applications from independent power producers to take part in the auction of coal linkages under the Scheme for Harnessing and Allocating Koyala Transparently in India (Shakti), a notice said on Monday. The miner asked "interested entities" to register on the website of auction firm MSTC Ltd "on or …

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July 24, 2017

Coal India to generate 1 GW clean energy this fiscal: Goyal

State miner Coal India (CIL) will generate one gigawatt (GW) power from renewable energy during the current fiscal as part of its plan to produce around 10 GW power overall from renewables, Union Coal, Power and Renewable Energy Minister Piyush Goyal said on 29 June. "This is a contribution towards a better planet, towards greening …

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June 30, 2017