Coal India
Coal India News
Coal India targets 660 MT output, lines up Rs 10,000 capex in FY20
As laid down in the MoU 2019-20, the Maharatna PSU has to ramp up its coal production growth to 8.75 per cent over the previous year.
Coal India approves share buyback worth Rs 1,050 crore
The government with 72.9 per cent shareholding in the company will at least get Rs 766 crore out of the proceeds, and the government’s share may increase in case private shareholders do not participate in the buyback programme.
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Coal India's supply to power sector up 8% at 360 mn tonne in Apr-Dec 2018
Karnataka Chief Minister H D Kumaraswamy last month met Coal Minister Piyush Goyal and demanded the Centre must ensure immediate supply of the fossil fuel to Raichur Thermal Power Station.
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.
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.
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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).
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.
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