CIL News

CIL invites global companies for consultancy on coal gasification

A policy on the lines of the existing policy for Coal Bed Methane (CBM) development on a revenue sharing basis will be adopted to offer the blocks through competitive bidding.

Non-power coal mines to be auctioned: Government

There will be no renewal of existing FSAs of non-regulated sectors, except for central public sector enterprises and fertiliser (urea) units, after completion of their current agreement tenure.


Coal supply: Panel against scrapping fuel pacts

An inter-ministerial committee has said that unregulated-sector PSUs need perpetual access to fuel.

CIL clocked 9.4% growth in H1FY16: Piyush Goyal

The two new WCL open-cast mines in the Umred area, Dinesh and Yekona (I and II) will together produce 6.75 MT of coal at their peak capacities.

No need to allocate CIL coal for PSUs in unregulated sector

The coal ministry has decided to auction Coal India Limited’s (CIL) linkages, which the state-run miner signs with its buyers in the form of fuel supply pacts.

HC: Allotting cancelled blocks to CIL ‘did not smack of fairness’

Jindal Power’s bid for 2 Chhattisgarh blocks were cancelled.


Govt eyes bonus debentures to transfer cash from CPSEs

The NDA government has found a unique funding solution to bridge the fiscal deficit — one entailing the transfer of Rs 20,000 crore from rich Central public sector enterprises (CPSEs) to the national exchequer by way of bonus debentures issued to the government. The concurrence of both the ministries of coal and power is learnt […]

Sell-offs boost coffer but tax mop-up disappoints

The ‘conservative’ approach on tax refunds is, however, likely to help swing deficit numbers in government’s favour in the last quarter.

CIL stake sale: Floor price fixed at Rs358

Previously, the Centre has just raised Rs 1,715 crore from the five per cent disinvestment in Steel Authority of India Ltd earlier this fiscal.

Govt to sell 10 per cent stake in Coal India tomorrow

Centre eyes over R1 lakh cr from Coal India disinvestment, spectrum auction.