Coal India

Coal India News

NCLAT stays insolvency proceedings against ECL

Although ECL had already paid the principal sum of around Rs 84.71 lakh to GOLIL, one of its operational creditors, it did not pay the amount of interest at the rate of 18 per cent per annum.

Disinvestment: Revamped CPSE ETF targets Rs 8,000 crore

If the goal is achieved, the ETF mop-up this time around would be higher than the previous pure CPSE ETF (January 2017) which fetched Rs 6,000 crore for the government.

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Coal India offer-for-sale may fetch Centre Rs 15,000 crore

The floor price involves a discount of 3.6 per cent on CIL’s closing price of Rs 275.9 on the BSE on Tuesday. Retail investors will get an additional discount of 5 per cent.

Coal imports rebound on slack output, transport glitches

The shortages, though, are not limited to just power stations. Coking coal, used in steel-making, has seen a sharp surge, reflecting both a surge in domestic steel production as well as shortage of Indian supplies of this higher-grade coal variant.

Centre asks CIL to make ‘out-of-turn’ allotment to PSUs; private firms miffed

Based on factors like coal stock availability, ‘out-of-turn’ coal allotment may be made to PSU gencos: Coal Ministry

CIL’s proposed pricing system: Power gencos for changes

Gencos were responding to CIL’s invitation for comment as it prepares to move to a pricing system where customers pay for the amount of energy they can get from coal they receive (calories/ kg).

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Coal supply situation improves over last 7 months

Average indigenous coal stock at power plants rose from 7.38 million tonnes in October last year to around 16.7 mt in April 2018.

Govt replaces Gopal Singh as Coal India chief with Suresh Kumar

Gopal Singh, CMD of Central Coalfields, was earlier given additional charge as CIL Chairman in September. His tenure was recently extended till May.

CIL top job: Coal Ministry offers post weeks after Board rejects officer

Gopal Singh has been holding charge at the helm of the Rs 1.22 lakh crore state-owned firm since September 1, despite figuring in a list of six candidates rejected by the PESB when it conducted interviews for the post in June last year.

CIL to absorb additional wage bill of Rs 7,000 crore in 2017-18

CIL signed the 10th National Coal Wage Agreement with its four main trade unions on October 10, wherein it was decided that the non-executive workers will get 20 per cent salary increase starting retroactively from July 2016.

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