Tag: coal India

Coal India eases fuel supply policy for small consumers

"This change would be a boon to consumers having smaller quantities of coal requirement," said an official of the company. 

November 5, 2018

Piyush Goyal urges Coal India to meet daily production target

"I would urge all my colleagues in Coal India and various subsidiaries to seriously look at what steps each one of us can take so that we can reach the 2.5 million tonne production-and-dispatch target per day," he said.

November 1, 2018

Coal India urges foreign collaboration in technology

This year we are aiming to produce 652 million tonnes of coal and despatch 681 million tonnes, he said.

October 31, 2018

Sensex falls over 150 points, Nifty below 10,300 in early trade

Sectoral indices, led by metal, realty, consumer durables, capital goods, healthcare, auto, FMCG, power and teck, were trading in the negative terrain, falling up to 3.38 per cent.

October 8, 2018

Coal India’s supplies to power sector up by 10% in April-Sep

The total coal offtake at 290.81 mt during this period was 21.81 mt more, registering a growth of 8.1 per cent. 

October 2, 2018

‘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