Page 6 - Coal India Limited

Stocks to watch: Eicher Motors, Tata Consumer, Coal India, BoB, IRCTC

Stocks to watch today: Apollo Hospitals, Trent, Aurobindo Pharma will report their June quarter results (Q1FY23) on Thursday, July 11; Bank of Baroda raised their MCLR rate by 5-20 bps across tenors.

CIL dispatches over 152 MT of coal to power sector in Q1: Govt tells LS

State-owned CIL dispatched 152.49 million tonnes (MT) of coal to the power sector during April-June 2022, a year-on-year rise of 19 per cent, Parliament was informed on Wednesday. Coal India Limited (CIL) is the largest producer and supplier of the dry fuel in the country. "CIL has dispatched 152.49 MT of coal to Power Sector in the first quarter of the current fiscal surpassing all the previous highs of the same period and achieving a growth of 19 per cent over last year in the same period," Coal Minister Pralhad Joshi said in a reply in the Lok Sabha. At 14.43 MT, Singareni Collieries Company Limited (SCCL) dispatched 4.1 per cent higher coal to the power sector in the first quarter of the current fiscal. As per Central Electricity Authority (CEA), coal stock at power plants has improved from the level of 25.6 MT as on March 31, 2022 to 29.5 MT on July 26, 2022. According to the minister, in the financial year ended March 31, 2022, India's non coking coal output was at 726.488 M

Monsoon session: Green nod for 10 expansion projects of Coal India

The government had earlier eased the norms for coal mine expansion in the wake of supply crunch in summer months

Coal crisis: Steel makers in Chhattisgarh look to enhance supply

The mineral-rich state contributes about 20 per cent to the country's secondary steel output

How CIL is chasing the monsoon to reduce coal supply disruptions

After long power outages owing to coal shortages over two years, the government and its principal producer have drawn up an integrated plan to preclude the annual seasonal supply dislocations

CIL's coal output in double digits for four consecutive months in July

State-owned CIL on Monday said that it produced 47.3 million tonnes (MT) of coal last month, registering a growth of 11 per cent from the year-ago period. The production of domestic coal usually dips during monsoon every year due to disruptions in mining activity. The company's output in the corresponding month of previous fiscal was 42.6 million tonnes (MT), the coal behemoth said in a BSE filing. Coal India Ltd (CIL) said it maintained the double-digit rising streak for four consecutive months of the current financial year. Coal India accounts for over 80 per cent of domestic coal production. The public sector enterprise produced 207.1 MT of coal in the first four months of the ongoing fiscal, registering a growth of 24.3 per cent over 166.6 MT in the year-ago period. In the wake of a surge in demand from the power sector, CIL supplied 199.4 MT of coal to this sector in the April-July period of the current fiscal, 19.2 per cent more than 167.3 MT supplied in the year-ago ...

CIL earns revenue worth over Rs 1.52 trn from coal sales in FY22: Govt

State-owned CIL has earned revenue worth over Rs 1.52 lakh crore from coal sales in financial year 2021-22, Parliament was informed on Wednesday. Coal India (CIL) earned revenue by selling 661.89 million tonnes of coal in the last fiscal year. In a written reply to the Lok Sabha, Coal Minister Pralhad Joshi said the mahartana firm has garnered Rs 29,400 crore by selling 177.59 MT of coal in the April-June period of the ongoing financial year. The revenue figure of the first quarter of FY'23 is provisional, it added. While in FY'21, CIL earned Rs 1,26,786.13 crore from sale of coal, in FY'20 the figure stood at Rs 1,34,979.13 crore. In a bid to increase the revenues of the public sector companies operating in the coal space, the government has given them a go-ahead for diversifying into other sectors including renewable energy. The captive mine owners, other than atomic minerals, can sell up to 50 per cent of their annual mineral, including coal, in the open market after meeting t

Near-term margin pressures for JSPL on likely tapering of steel prices

Captive coal availability and zero-debt target by the end of the year are positives

Adani Enterprises loses Coal India's short-term coal import tender

State-owned CIL has cancelled its maiden tender for short-term import of coal in which Adani Enterprises had emerged as the lowest bidder, sources said on Monday. Adani Enterprises, which had quoted around Rs 17,000-plus per tonne for importing 2.416 MT of coal, was earlier selected for the short-term shipment. However, for a medium-term tender for sourcing additional 6 million tonnes (MT) of coal from overseas, PT Bara Daya Energy had qouted Rs 2,000 per tonne less than the rate quoted by the Adani group firm. So, Coal India, in its board meeting held on July 8, decided to cancel the short-term tender of 2.416 million tonnes and PT Bara Daya Energy was asked to supply the indented quantity against the medium-term tender, the sources said. A query sent to Adani Enterprises seeking comment on the move remained unanswered. According to the sources, the letter for award of contract was issued to the lowest bidder of medium term-tenders for east and west coast supply on July ...

Action plan in place to ensure adequate coal availability during monsoon

The Union coal ministry is confident that till September-end, there will be 9-10 days of coal stock at the power units

Sensex sinks 509 pts, Nifty holds 16,050 in across-the-board sell-off

CLOSING BELL: NTPC, Adani Ports, Bharti Airtel, Coal India, Hero Moto, and Bajaj Finance were the only gainers, up in the range of 0.08 per cent to 1.7 per cent

Coal India's capex rises 65% to Rs 3,034 crore in June quater of FY23

Coal India's capital expenditure was Rs 1,841 crore in April-June period of last financial year

Indonesia's Bara Daya Energi outbids Adani in CIL tenders for coal imports

The Indonesian company quoted Rs 4,331 crore for the eastern coast tender and Rs 4,497 crore for the west coast.

Indonesian firm Bara Daya lowest bidder in Coal India's import tender

Bara Daya Energi is blacklisted by Gujarat and was rejected by CIL in first tender

India's coal production rises by 32.57% to 67.59 MT in June: Govt

At the same time, coal despatch increased by 20.69 per cent to 75.46 MT from 62.53 MT during June 2022 as compared to June 2021.

CIL aims to conclude wage pact for non-exec workforce at earliest: Govt

"Coal India Ltd (CIL) has held five meetings under NCWA XI so far. Negotiations for mutually agreeable pact (is) in progress," the Ministry of Coal said in the statement on Wednesday.

AEL lowest bidder in CIL's maiden import tender, miner may negotiate price

Adani Enterprises has emerged as the lowest bidder in Coal India's tender for imports of the dry fuel with quoting over Rs 4,000 crore for supply of 2.416 million tonne, sources said

Stocks to Watch Today: RIL, HDFC, Birlasoft, IndiGo, Coal India, IT shares

Stocks to Watch Today: HDFC and HDFC Bank are likely to be in focus as the stocks exchanges have approved the proposed merger for these two corporates.

Power ministry team visits Coal India arm to monitor coal availability

A three-member team of the Power Ministry visited Coal India-arm MCL to monitor the availability of the dry fuel at various railway sidings, mines and prepare a plan for logistics

Coal India, the producer with no experience in importing supplies

The country's largest domestic supplier has been appointed a quasi-canalising agency for sourcing overseas supplies