Page 13 - Coal India

CCI raids engineering companies after Coal India antitrust complaint

The watchdog as a matter of policy does not make public details of its ongoing price cartel investigations, or raids

India's April coal output tops 66.15 mn tonnes amid power crunch: Report

India's total coal production in FY22 was 777.02 million tonnes, up by 8.5 per cent from 716 million tonnes in FY21

Govt moves ahead with proposal to merge Coal India arm with MECL

The government is moving ahead with a proposal to merge Coal India arm CMPDI with the Mineral Exploration and Consultancy Ltd (MECL) and will prepare a cabinet note on the same. Central Mine Planning & Design Institute Ltd (CMPDI) is the planning and design arm of Coal India Ltd (CIL). The mines ministry, in a letter to the CMDs of MECL and CMPDI, sought details such as profitability, turnover, current order books and current position of manpower of the companies in preparation of the merger. The government "has approved the merger of MECL and CMPDI. In order to work out the modalities for preparation of the cabinet note, the... information may be provided to the Ministry of Mines," the official memorandum said. The information sought also includes the authorised capital and paid up capital, details of assets, establishments and valuation, among others. In a letter to Coal Minister Pralhad Joshi, All India Association of Coal Executives (AIACE) Principal General Secretary P K ...

Coal shortage, high prices may benefit Coal India, Neyveli Lignite

User industries like metals, cement as well as merchant power producers without captive coal mines likely to feel the heat

Coal India's capital expenditure grows 12% to Rs 14,834 cr in FY'22

The capex boost of Coal India was to catalyse the output growth and align it with evacuation outlets.

Fresh coal crisis looms in India as top miner adds new curbs

Coal India is restricting deliveries to industrial consumers to prioritise power plants, with fuel stockpiles already below target levels and the country heading into a traditional summer demand peak

Coal India achieves record production of 622 million tonnes in FY22

Coal output and offtake targets are pegged at 700 MTs for FY23

India cuts coal supply, puts hold on auctions as inventories slump

Coal India told Reuters that its supplies to the non-power sector were in line with its average over the "past few years", without elaborating

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.

CIL allays supply shortfall fears, says making efforts to meet coal demand

Allaying fears of coal supply shortage, state-owned Coal India on Monday said it is concentrating its efforts to meet the projected demand of the power sector on priority basis.

Coal buyers in India are paying 300% premiums to secure fuel

Indian coal prices have surged in auctions held by the country's state-run miner, with domestic buyers rushing to secure supplies as global disruptions push up the cost of imported fuels

Coal India will not have luxury to retain loss-making mines: Official

Mining behemoth Coal India will not have luxury to retain its loss-making mines with its aim to remain competitive in the wake of privatisation of coal blocks, a senior government official said

Coal India output rises 4% to 64 MT in February

State-owned CIL produced 64.3 million tonnes of coal in February, registering a growth of nearly 4 per cent compared to the year-ago period. Coal India Ltd (CIL) had produced 61.9 MT of coal in the corresponding month of previous fiscal. In a statement on Tuesday, the company said that stepping up its output tempo, it produced 64.3 MT of coal in February. On a month-on-month basis, CIL's average production increased to 2.3 MT per day in February. So, despite being three days lesser than January, the sequential production in February was at par with the previous month. CIL's all out efforts are focused on ending FY'22 in the realm of 630 MT, according to the statement. CIL's production at 542.4 MT during April-February period of FY'22 was a historic high for this period. Coal output surged ahead 27.3 MT in absolute terms on a year-on- year comparison. "The company expects to post the highest ever production by the closure of FY'22, going past the previous high of 607 MT recorded in

Coal India considers private sector to run discontinued mines

India is considering partnering with private companies to operate mines which have been previously shut or production discontinued by state-run Coal India Ltd

Multiple tailwinds emerge for Coal India after a strong Q3 despite hurdles

Increase in production, higher prices, better margins and high dividend yield are key positives

Coal India warns it may need to cut output without a price hike

The world's largest coal producer is facing cost pressures from a looming rise in salaries and on higher prices of diesel used to power mine equipment.

Sensex sprints 1,736 pts, Nifty tops 17,350 amid Russia-Ukraine peace hope

Some troops in Russia's military districts adjacent to Ukraine are returning to their bases after completing drills, Russia's defence ministry was quoted as saying

Ukraine-Russia tensions send indices in tailspin; Sensex cracks 1,747 pts

The NSE Nifty50, on the other hand, breached below the 16,850-mark to end 532 points, or 3.06 per cent, lower at 16,843. This was the indices biggest intra-day fall since November 26, 2021

Coal India's total dividend payout this year likely to be higher than FY'21

The total dividend payout by Coal India during the current fiscal is likely to be higher than the FY21 as the miner is expected to post healthy revenue and growth in profit, sources said

Coal India plans to bulk export output to Bangladesh, Sri Lanka, Bhutan

The state-run company plans to export to Bangladesh, Nepal and Bhutan