Coal India Ltd

Coal India's CSR spend exceeds Rs 5,570 crore over the past decade

Coal India Ltd (CIL) has spent Rs 5,570 crore in Corporate Social Responsibility (CSR) initiatives over the past decade, a top official said on Sunday. Coal India Chairman P M Prasad said the PSU has been focusing on education, healthcare, skill development, sports, and women empowerment. Inaugurating the 3rd CIL CSR Conclave 2024 on Sunday, West Bengal Governor C V Ananda Bose underscored the transformative power of CSR initiatives in improving the lives of communities, particularly in tribal belts of coal-bearing areas. He lauded CIL's contributions, including its efforts to support cancer patients, stating that such initiatives contribute to the holistic development of the nation. CSR initiatives are a powerful tool to transform lives, especially in vulnerable regions, Bose said. "Coal India spent Rs 5,570 crore in Corporate Social Responsibility initiatives over the past 10 years," Prasad said. Coal Secretary Vikram Dev Dutt commended coal companies for their impactful CSR .

Coal scam: Special CBI court acquits former coal secretary, 5 others

he judge held the CBI had failed to prove beyond any reasonable doubt that any "misrepresentation" was made by the accused

Dividend, stock-split: Coal India, & 5 others to turn ex-date tomorrow

Here is the complete list of companies whose shares will turn ex-date on Tuesday, November 5, 2024, along with their respective corporate announcements, and other key details

Chhattisgarh's SECL plans to remove 2,200 mt of scrap under special drive

This will free up a huge amount of space, which can be reused. Along with this, it will also generate additional revenue of about Rs 10 crore

India's coal output grows significantly, up 5.85% at 411.6 MT in FY25

The country's coal output grew 5.85 per cent to 411.62 million tonnes (MT) in the current fiscal year (up to September 12), over the year-ago period. This country's coal production was 388.86 MT during the same period last year. "This marks a significant increase... reflecting a commendable growth rate of 5.85 per cent, despite adverse climatic conditions that challenged mining operations," the coal ministry said in a statement. The figures are provisional. The production by state-owned Coal India Ltd rose to 311 MT during the same period, marking a growth of 2.80 per cent compared to 302.53 MT in the corresponding period of the previous year. This growth is even more notable given the interruptions in mining activities in CIL subsidiaries due to heavy rains, it said. Coal dispatch has also experienced a substantial uplift, reaching 442.24 MT during 2024-25 (up to September 12), compared to 421.29 MT in the same period last year, it said, adding that this reflects a robust growth

Chhattisgarh-based SECL speeds up process for employment to landowners

In 2022-23, the company provided employment to 704 landowners, while in the previous financial year, 707 landowners were provided jobs, which is the highest figure in the last 10 years

Axis Securities recommends buying these 4 stocks from metals & mining space

Hindalco, Coal India, among four metal and mining stocks recommended by Axis Securities

Coal India Q1 FY25 results: Net profit up 4.1% at Rs 10,959 crore

5 of Coal India's 7 subsidiaries met production targets in Q1, but none met offtake goals

Advancing 119 projects worth Rs 1,33,576 cr to boost output: Coal India

Coal India Ltd is advancing 119 projects with a capacity of 896 million tonne per year and a sanctioned capital of Rs 1,33,576 crore, the world's largest miner said. These projects, which are at various stages of implementation, are part of CIL's proactive strategy to increase production capacity and meet future coal demands, the company said in its latest annual report. Though the mining major did not specify a timeline for the capex, it said the development of these projects involves substantial investments in advanced mining technologies and infrastructure, aimed at enhancing productivity and ensuring sustainable mining practices. The Kolkata-headquartered company has set an ambitious target of achieving 1 billion tonne of production by 2025-26 to fulfill the nation's coal demand and support the goal of Atmanirbhar Bharat'. In the 2023-24 fiscal, its production stood at 773.6 million tonne. CIL said in 2023-24, one coal mining project with a sanctioned capacity of 20 million to

Robust production, new initiatives to drive growth for Coal India

NRS offtake may remain high, leading to higher blended realisation because power plants with FSA have sufficient supply

Coal India's production increases by 8% during the first quarter

The Union Ministry of Power has mandated the import of coal for blending at thermal power plants to continue till October 2024

State-run Coal India's production rises by 8% to 189 MT in first quarter

State-owned CIL's coal production rose 8 per cent to 189.3 million tonne (MT) in the first quarter of the ongoing financial year. The company's coal output was 175.5 MT in April-June period of the previous fiscal. "Moving past the target of 189.2 MT, CIL achieved 100 per cent satisfaction in Q1 of the current fiscal year," Coal India Ltd (CIL) said in a statement. While all the seven producing subsidiaries of the coal behemoth achieved positive growth, five of them breached their respective targets. The company's production in June increased by 9 per cent to 63 MT, over 58 MT produced in June FY24. On the back of a strong production growth and increased coal loading, CIL's total supplies rose to 198.4 MT during April-June FY25 with 6 per cent year-on-year growth. The increase of 11.4 MT in absolute numbers came over a high base of 187 MT. At a time when power demand in the country is spiking, CIL's supply to coal-fired plants grew 4 per cent to 160 MT during the first quarter of

Coal India awards 23 discontinued underground blocks to private miners

State-owned Coal India on Wednesday said it has awarded 23 discontinued underground blocks to private miners through an auction route on revenue sharing model. The cumulative peak rated capacity of these mines is 34.14 million tonnes per year while the total extractable reserves are estimated at 635 MT, the miner said in an exchange filing. "Coal India Limited (CIL) in a bid to tap the latent coal reserves of some of its closed and discontinued underground mines has awarded 23 such mines on revenue sharing model to successful bidders of the private sector," it said. Earlier, CIL had identified a total of 34 discontinued mines where good quality coal reserves are lying dormant but may not be financially viable for CIL to mine them. Hence, the company said it decided to tender and offer these mines to willing private sector players who are prepared to operate and produce the dry fuel and share part of the revenue with the company. "Successful bidder is the one who offers the maximum

Coal production in India rises 10% to 83.91 mn tonnes in May: Govt data

The country's coal production rose by 10.15 per cent to 83.91 million tonnes (MT) in May compared to 76.18 MT in the year-ago period. Coal production by state-owned CIL rose by 7.46 per cent to 64.40 MT in May compared to 59.93 MT in the year-ago period, according to the Coal Ministry's provisional data. Coal India Ltd (CIL) accounts for over 80 per cent of domestic coal output. "Additionally, coal production by captive and other entities in May 2024 stood at 13.78 MT (provisional), reflecting a growth of 32.76 per cent from the previous year, which was 10.38 MT," the ministry said in a statement. Similarly, India's overall coal dispatches in May reached 90.84 MT, up by 10.35 per cent as against 82.32 MT reported in the same period last financial year. During the reported month, CIL dispatched 69.08 MT of coal, with a growth of 8.50 per cent compared to the corresponding period of the previous fiscal when it was 63.67 MT. The total stock of dry fuel with coal companies stands at

Mines ministry asks Coal India, NMDC to look for lithium mines overseas

Ministry will lead a delegation to Zambia in June and later to Congo to explore joint ventures in critical minerals

Coal India rallies 4% on decent quarter; brokerage retains 'Buy' on stock

At 11:43 AM, the shares of Coal India were trading 3.41 per cent higher at Rs 468.70 per share on the BSE. In comparison, the S&P BSE fell 0.66 per cent to 74,117 levels

BSE Metal index surges 3% as base metals climb to multi-year highs

Metal stocks top performers: Here's why metal stocks were in demand on the Dalal Street on Wednesday.

Bajaj Auto, TaMo: Strategies for Nifty50 stocks that doubled in FY24

4 out of the Nifty50 stocks zoomed over 100 per cent in FY24; as per technical charts, here's are the key levels that should be closely monitored.

India to build 2 billion-tonne coal stock by 2030, then hit pause button

According to the projections of the Ministry of Coal, the demand for coal will be close to 1.5-1.8 bt by 2030

State-owned Coal India's capex rises 7.6% to Rs 10,492 cr in Apr-Nov period

State-owned CIL on Tuesday said that its capital expenditure increased by 7.6 per cent to Rs 10,492 crore in the first eight months of the ongoing financial year. The public sector enterprise's captital expenditure was Rs 9,751 crore in the year-ago period, Coal India Ltd (CIL) said in a BSE filing. "CIL's capital expenditure increased by Rs 741 crore in eight months ending November FY 2024 to Rs 10,492 crore," the company said in a statement. Coal India accounts for over 80 per cent of domestic coal output. "We are striving to achieve around 80 per cent of the current financial year's total targeted capex of Rs 16,500 crore by the third quarter ending December," a senior executive of the company said. CIL's intensified focus on strengthening coal evacuation infrastructure in its mining areas saw the capex going up to Rs 3,247 crore, representing 31 per cent of the entire capex, till November in the current fiscal. "Setting up railway sidings and corridors at Rs 1,842 crore; ...