Coal India

Coal India News

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.

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.

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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.

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.

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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.

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.

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