CIL

  • Centre clears stake sale in bluechip companies, may get Rs 45,700 cr 4 days ago

    The government's divestment drive is off to a flying start. The Cabinet has given the green signal to sell stake in Coal India, ONGC and NHPC. The government is set to garner over 45,700 crores through the stake sale. ...
  • Government clears stake sale in CIL, ONGC, NHPC; may get Rs 43000 crore 4 days ago

    New Delhi: Clearing the decks for mega disinvestment drive, the government on Wednesday approved diluting its equity stake in bluechip companies Coal India, ONGC and NHPC, which is likely to fetch Rs 43,000 crore to exchequer. The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime...
  • New government asks CIL to prepare action plan to enhance output May 28, 2014

    New Delhi: State-owned Coal India (CIL) has been asked by the new government to prepare an action plan for enhancing output over the next five years and fast-track the completion of projects and expansion of existing coal mines. The coal ministry has asked "CIL to expedite completion of projects and...
  • Centre set up panel to identify more coal mines for auction May 14, 2014

    New Delhi: In a bid to expedite coal auction process, the Centre has announced a nine-member panel, which will identify more blocks, in addition to already selected 54 mines, for sale through competitive bidding. "In pursuance of auction by Competitive Bidding of Coal Mines, Rules, 2012...a...
  • Jharkhand asks Planning Commission to study impact of CIL mining on state January 28, 2014

    Jharkhand government has asked the Planning Commission to assess the impact of mining by Coal India on the state's economy in order to ask for compensatory measures. The development comes close on the heels of the Jharkhand government slapping notices for recovery of land rent to the tune of Rs 25,000...
  • Hindalco unlikely to get tapering coal linkage for power plant October 18, 2013

    New Delhi: Aditya Birla Group firm Hindalco is unlikely to get tapering coal linkage for its captive power plant in Odisha with the Coal Ministry conveying to the firm that state-owned CIL does not have sufficient fuel. "Hindalco had approached the Coal Ministry seeking tapering linkage for its captive power plant...
  • Coal India, trade unions to meet on Sep 11 on stake sale issue September 6, 2013

    New Delhi: State-owned Coal India (CIL) will hold a meeting with five trade unions next week to persuade them to withdraw their strike notice against the government's move to divest five per cent stake in the PSU firm. The development follows the five major trade unions representing the workers of CIL...
  • Coal India shares jump over 2 per cent post Q4 results May 21, 2013

    Mumbai: Shares of Coal India Ltd (CIL) on Tuesday gained over 2 per cent after the company reported nearly 90 per cent jump in standalone net profit for the fourth quarter ended March 31. After making a bullish opening, shares of the company rose further by 2.57 per cent to...
  • Coal Ministry not in favour of CIL stake sale May 19, 2013

    New Delhi: Lingering row between CIL and power producers such as NTPC is casting a shadow over 10 per cent divestment plans in the coal major as its parent ministry has reservations about stake sale till issues, like Rs 9,000 crore dues owed by electricity utilities, are resolved. "Coal Ministry in...
  • Govt may take final call on coal price pooling on Monday April 21, 2013

    New Delhi: The government may take a final decision on Monday on blending of prices of imported coal and domestically-produced fuel or price pooling of coal. "The Cabinet Committee on Economic Affairs (CCEA) may meet on April 22 to discuss coal price-pooling," a government official said. Price-pooling is the averaging of...
  • CIL board seeks clarifications on Limpopo govt pact March 24, 2013

    New Delhi: The Coal India board has sought clarifications on draft agreement with the Limpopo government in South Africa on responsibilities to be shared between them while acquiring mines through a JV, a move that may delay the company's acquisition plans. The government of Limpopo, the northernmost province of South...
  • Stockbroker arrested for 5 crore fraud on former CIL chief March 17, 2013

    New Delhi: A 48-year-old stockbroker was arrested for cheating a former chairman of Coal India Limited (CIL) of his life savings of Rs.5 crore through illegal transfer of his shares, the police said on Saturday. The accused - Sandeep Sehgal - was managing the accounts of the late GL Tandon, former...
  • Coal India reports marginal net profit growth in Q1 August 13, 2012

    New Delhi: State miner Coal India Limited (CIL) on Monday declared a marginal net profit growth with a stand-alone net profit of Rs 45,765.70 million for the quarter ended June 30, 2012 as compared to Rs 45,415.90 million for the like quarter the previous year. The company's total income has increased...
  • CIL to modify coal supply pacts with power companies August 3, 2012

    New Delhi: Coal India will modify the fuel supply pacts before signing them with power companies to incorporate the changes that have been proposed by its board at this week's meeting, thereby breaking the deadlock over the issue of minimum assured supply of fuel to them. Central Electricity Authority (CEA), in...
  • How to tackle coal crisis? April 17, 2012

    The Central electricity authority has sent out a warning, over 55 power stations that supply electricity to Indian metros have coal to last for just 6 days. ...
  • Coal India board to discuss draft fuel supply pact March 29, 2012

    New Delhi: The board of Coal India (CIL) will meet again on Thursday to approve the new draft fuel supply agreement, as Wednesday's discussions on the issue remained inconclusive. The Coal India board meeting, held on March 22, had remained inconclusive in the wake of its independent directors resenting a clause...
  • Coal India board to meet on Wednesday March 28, 2012

    New Delhi: Amid independent directors opposing a proposal to sign fuel pacts with power producers for a minimum 80 per cent supply of the commitment, CIL Board will meet on Wednesday to get the draft agreement approved. "The CIL Board will meet tomorrow and we are...
  • Coal India pays Rs 5,400 cr dividend to Govt for FY12 March 24, 2012

    New Delhi: State-run Coal India (CIL) on Friday handed over a Rs 5,400 crore dividend cheque to the government for the ongoing fiscal. "CIL presented Rs 5,400.49 crore as dividend to the Government for the year 2011-12," an official statement said. The acting Chairman and Managing...
  • Coal India overtakes RIL as most valued firm August 17, 2011

    Mumbai: State-run Coal India on Wednesday toppled Reliance Industries Limited (RIL) as the country's most valued company, ending billionaire Mukesh Ambani-led corporate giant's over four-year rein at the top of the market valuation charts. With an over 2 per cent gain in its share price, the public sector coal giant on...