Coal India Mines

Coal India registers 18% growth in annual profit, tepid income rise

Board recommends final dividend of Rs 5 a share

Coal India likely to report production of around 773.7 MT in FY24

Coal India Ltd is likely to report production of around 773.7 million tonnes (MT) for the 2023-24 fiscal, which will be close to a 10-per cent growth over last year, company sources said. However, it is expected to fall short of the target of 780 million tonnes. Coal offtake is expected to stay restricted to 753 million tonnes, nearly 90 per cent of the target of 780 million tonnes, they said. The miner will announce its production and offtake numbers later on Monday. The company's dry fuel supplies to thermal power plants touched the 610.8-million tonne mark on Wednesday, surpassing the target for this sector. Coal India Chairman P M Prasad in a recent investor concall projected a shortfall in the wake of some land-related production hurdle in South Eastern Coalfields Ltd. All other subsidiaries, however, topped its targets. The largest coal producer in the world registered its highest-ever production of 703.2 MT in the 2022-23 fiscal. The target for the next fiscal year has be

Coal India to add new mines, expand existing ones to meet high demand

The miner plans to start operations at five new mines, with a combined annual capacity of 14.3 million tons, in the next fiscal year, Prasad said

Coal India plans to begin mining of critical minerals, including lithium

State-owned Coal India Ltd (CIL) is mulling entering into the mining of critical minerals, including lithium, an official said. CIL plans to get a block from the government for exploration and once lithium reserves are proved, the PSU would go for mining, the official said. Lithium is the 'cosmic' mineral which is needed as part of the country's energy security plans. It is being seen as a game-changer mineral to achieve the Net Zero goals in the coming years. "We will take one block from Government of India and do exploration and once lithium is proved then we can go for mining," Coal India Director (Technical) B Veera Reddy told reporters here. Reddy also holds the additional charge of Chairman and Managing Director (CMD) of Central Coalfields Ltd. Coal India's core business is mining, he said and exuded confidence that the PSU will definitely be successful in the mining of critical minerals. "We have expertise in coal mining and we can divert all our resources for mining of ..

Coal production rises over 12% to 664.37 MT this fiscal: Ministry

The country's coal production increased 12.29 per cent to 664.37 Million Tonnes (MT) from April to December 25 this fiscal over the year-ago period, according to an official statement. The country's coal output was 591.64 MT in the same period last year. "As per the latest statistics of the Ministry of Coal, the cumulative achievement in coal production during FY 202324, from April 2023 to December 25, 2023, has touched 664.37 MT, indicating a substantial 12.29 per cent growth compared to the corresponding period last year at 591.64 MT," according to an official statement. The coal dispatch from April to December 25 increased to 692.84 MT over 622.40 MT in the year-ago period. The increase ensures a consistent and robust coal supply to meet the energy needs of the power sector, the coal ministry said. "Furthermore, the overall coal dispatch to the power sector from April to December 25, 2023, increased by an impressive 8.39 per cent, reaching 577.11 MT compared to 532.43 MT during

Coal India banks on South Eastern Coalfields for output in Chhattisgarh

CIL has set a target of 700 million tonnes (MT) for FY23

CoalMin launches largest-ever commercial coal auction of 141 mines

The coal ministry has auctioned close to 64 coal mines to date under commercial auction

Record beckons for Coal India, FY22 production may exceed 620 mn tonnes

Coal India Ltd is set to post its highest-ever production during the 2021-22 fiscal, topping the 620-million-tonne mark and bucking two years of a declining streak of annual output, official said.

Recover coal companies dues from utilities vigorously, suggests Par panel

The Standing Committee on Coal, Mines and Steel in its report tabled in Parliament said that a huge amount of dues are outstanding from the states and other utilities

CIL's FY22 interim dividend of Rs 9/share to enrich govt by Rs 3,667 cr

The Maharatna PSU announced a 90 per cent interim dividend for FY22

Coal India will reduce manpower by 5% every year for next 5-10 years

The announcement has come just a day after Coal India saw its profit for the fiscal year 2020-21 (FY21) fall by 23.9%

Coal India cuts output by 56% over 3 days as workers oppose private sector

The world's largest coal miner's production fell to 573,000 tonnes per day over the three days, compared with a June average output of 1.29 million tonnes per day

Coal India output falls 11% to 41 MT in May, coal offtake up at 39.95 MT

Coal India accounts for over 80 per cent of domestic fuel output

SECL retains top spot among CIL entities, produces 150.5 MT coal in FY20

The Bilaspur-headquartered company contributed 25 per cent to the total coal production of Coal India

Coal crunch roils captive power plants after MCL's output declines steeply

Mahanadi Coalfield's output plummeted 33 per cent in September, engendering huge shortage for CPP-based industries

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

One day strike against 100% FDI cripples production in Coal India

Officials at Coal India said that around 30 per cent attendance was registered in the first shift which mainly comprised of executives and officers

BJP protests over worker deaths paralyse work at Coal India mines in Odisha

The BJP workers have been staging sit-down protests and waving flags at state-run Coal India Ltd's mines in Odisha, demanding a safety audit of all mines in the region

Coal India will shut down high-risk mines beyond mitigation

In December last year, CIL arm Eastern Coalfields saw Lalmatia mine collapse that claimed 18 lives