Page 11 - Coal India Limited

Coal India production up by 7% in Dec 2019 after negative growth spell

Coal India Ltd (CIL), which registerted negative growth in production of the dry fuel for past few months, has posted over 7 per cent growth in December with 58 million tonne output, sources said on Wednesday. The coal behemoth had produced 54.13 million tonne in corresponding month of 2018. In the last month, the production was about 8 million tonne higher from 50.2 million tonne prduced in November, the company sources said. According to provisional data, the miner has produced 388.39 million tonne of coal during April-December period of the current fiscal, down by 5.83 per cent from 412.45 million tonne in the first nine months of the last financial year, CIL sources told PTI. Coal India aimed at producing 660 million tonne in 2019-20 and missed the target of 457.23 million tonne till December. The company has not officially announced its latest production figures till the story was filed. Production was relatively less during April-December period as mining ...

Six CIL arms did not formulate policy mandated by MoEF, says CAG

Six of the seven coal producing subsidiaries of the world's largest miner CIL did not devise a policy as mandated by the environment ministry, according to a CAG report tabled in Parliament on Wednesday. "Coal India Ltd (CIL) amended its original Corporate Environment Policy (CEP) and formulated a comprehensive Environment Policy only in March, 2012, followed by a revised policy in December 2018. "However, six out seven coal producing subsidiaries of CIL did not formulate a policy as mandated by MoEF&CC (Ministry of Environment, Forest and Climate Change) which stipulated that a well laid down environment policy duly approved by the Board of Directors of the subsidiaries needs to be in place," the report by the Comptroller and Auditor General of India (CAG) said. Further, guidelines containing the responsibility and delegation at different levels in environment discipline were formulated by CIL, but the same were not dovetailed in their operating manual by the subsidiaries, ...

Govt garnered Rs 2.03 trn revenue from Coal India in last 6 fiscals: Joshi

In 2017-18, the revenue stood at Rs 44,046.57 crore while in the preceding fiscal, it was Rs 44,068.28 crore, the minister said.

Coal India production gradually recovers, offtake higher in November

Coal India Limited production for November was at 50.02 million tonnes, an absolute increase of 10.67 million tonnes compared to that in the previous month of October

Govt earmarks Rs 937 cr for exploration of non-CIL blocks in FY'20

The government has allocated Rs 937 crore for exploration of mines that are not associated with Coal India, for the ongoing financial year, Parliament was informed on Monday. Of this fund, Rs 120 crore has been earmarked for regional exploration and Rs 817 crore for detailed drilling, Coal Minister Pralhad Joshi said in a written reply to the Rajya Sabha. "The government has allocated funds of Rs 937 crore...in the current financial year 2019-20 for carrying out exploration in non-CIL (Coal India) blocks in coal and lignite," he said. Regional exploration has been planned for 37 coal blocks and 10 lignite blocks whereas detailed drilling has been planned for 121 coal blocks and one lignite block, Joshi said adding that such exploration programme is approved every year. Exploration of non-CIL coal blocks is carried out under the Central Sector Scheme 'Exploration of Coal & Lignite' of the coal ministry. Under this scheme, both regional exploration and detailed drilling of these ...

Coal India urged to enhance allocation to Chhattisgarh industries

State demands higher share of fuel as it accounts for a major chunk of CIL's output, claims it is losing Rs 200 cr a year in revenue as some industries are importing coal

Govt asks Coal India to increase coal-bed methane gas production in 3 yrs

CMPDI informed the ministry that a model contract document and request for proposal to select CBM developer have been prepared and submitted to coal companies, the official said.

Trying to negotiate with CIL workers; things to normalise soon: Prahlad

Last week, the trade unions had declined to attend a meeting with Joshi to discuss their demand of withdrawing 100 per cent FDI in coal mining

Unhappy over 100% FDI in coal mining, workers to go on strike on Sept 24

A day's strike can affect Coal India's production in the range of 1.5-2.5 million tonne

Near-term worries outweigh Coal India's Q1 gains; stock falls 1.6%

Further fresh auction of coal mines to private players can also lead to higher competition for Coal India

Railways, CIL in talks over 538-km eastern freight corridor stretch

The railways is expected to float a tender by October

Muted volumes, falling e-auction premiums likely to hurt Coal India

The government's announcement in the Budget regarding increased divestment targets will be an overhang on the stock

Govt may hive off Coal India into separate listed firms to raise funds

India, the world's second-largest coal consumer after China, depends on Coal India for about 83% of the domestic production

The marketing of Coal India

CIL, thus, practically leads a double life - under the spotlights at Mumbai and away from it in the mines that dot mostly eastern India

CIL seeks Indian School of Mines' help to rationalise operations, cost

The Maharatna company will be shutting down 53 mines across its operational areas while it has opted to open new ones

Coal India Q4 net profit drops 52% to Rs 12.95 bn on higher employee cost

The consolidated expenses of the company during March quarter were at Rs 277.571 billion, as against Rs 223.527 billion