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Coal India
The government on Thursday asserted that India's domestic coal production is steadily matching consumer demands, with state-owned Coal India Ltd (CIL) implementing robust measures to secure uninterrupted dry fuel for all sectors, amid escalating tensions in West Asia. As a proactive step, CIL, which accounts for over 80 per cent of domestic coal output, has planned 29 e-auctions in the current month, offering about 23.56 million tonnes (MT) of coal. "Out of these 29 auctions, 5 auctions have already been conducted since March 12, 2026, wherein 73.1 lakh tonnes of coal were offered, and 31.96 lakh tonnes of coal have been booked, indicating adequacy of coal offered in the e-auctions," the coal ministry said in a statement. In addition to this, CIL has also taken necessary action to ensure coal availability to the small, medium and other consumers through the State Nominated Agencies (SNAs) route and requested the State governments to provide the additional coal requirement, which can
Central Mine Planning and Design Institute (CMPDIL), an arm of state-owned Coal India, on Wednesday said it has mobilised Rs 470 crore from anchor investors, ahead of its initial share-sale opening for public subscription. Life Insurance Corporation (LIC), Nippon India Mutual Fund (MF), Edelweiss MF, ICICI Prudential MF, Baring Private Equity India Fund, General Insurance Corporation of India and Edelweiss Life Insurance Corporation are among the anchor investors, according to a circular uploaded on BSE's website. Also, Societe Generale, Citigroup, Goldman Sachs and BNP Paribas Financial Markets participated in the anchor round. As per the circular, the state-owned firm allotted 2.73 crore equity shares to 22 funds at Rs 172 per piece, aggregating the transaction size to Rs 469.74 crore. Of these funds, LIC has been allocated shares to the tune of Rs 105 crore. CMPDIL's Rs 1,842-crore initial public offering (IPO) will open for subscription on March 20 and conclude on March 24. T
SECL, the second largest coal producing arm of Coal India Ltd, on Monday said it is prepared to meet the country's coal demand, including the power sector's requirement, amid the evolving global energy dynamics. The ongoing war in West Asia has disrupted global energy routes like the Strait of Hormuz, raising the costs of imported coal and LNG, which indirectly pressure India's coal and power sectors. South Eastern Coalfields Ltd (SECL) Chairman and Managing Director Harish Duhan told PTI that the company continues to maintain strong operational momentum. During the current financial year, the company has achieved around 165 million tonnes of coal production and over 169 million tonnes of coal dispatch up to mid-March, ensuring a steady supply to power plants and other consumers. The company supplies coal to major power generators like NTPC, Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RVUNL) and Madhya Pradesh Power Generating Company Limited (MPPGCL). The company is currently ...
State-owned Coal India Ltd aims to ensure power at a "just price" to the country amid the escalating West Asia crisis that endangers global shipping lanes and imported coal costs, a senior official of the company said. Coal India Ltd (CIL) contributes to 80 per cent of total domestic coal production and 75 per cent of total coal-based generation. CIL contributes to 55 per cent of total power generation and meets 40 per cent of the primary commercial energy requirements of the country. "As a low-cost coal producer, CIL aims to ensure power at a just price to the country," the official said, adding that the country has adequate coal sufficiency to meet the anticipated spike in summer demand, with Coal India maintaining robust stockpiles at pitheads and power plants. CIL's pitheads have an inventory of 122 million tonnes (MT) of coal, while domestic coal-based plants are stocked to the tune of 53 MT, officials said. In-situ coal exposure at CIL's mines stands at around 60 MT, ready f