COAL INDIA LTD

  • Steel Ministry asks Finance Ministry to roll back duty of coking coal imports September 9, 2014

    New Delhi: The Steel and Mines Ministry has sought rollback of 2.5 per cent duty on coking coal imports, imposed in the last Budget, to unburden domestic steel makers. Finance Minister Arun Jaitley in Budget 201415 had imposed 2.5 per cent duty on coking coal imports, which the steel industry...
  • India starts first new major coal mine in at least five years July 12, 2014

    New Delhi: Coal India Ltd started production on Friday at a 12milliontonnesperyear mine, its first major new project in at least five years, which should help boost supplies to fuelstarved power plants. The world's biggest coal miner has struggled to raise output fast enough to meet rising demand from power companies,...
  • Chhattisgarh rail link on track, 2 more to be expedited: Piyush Goyal July 5, 2014

    With lack of transport infrastructure hampering coal production, the new government says it has brought on track one of the three critical rail links in Chhattisgarh and efforts are on to fasttrack other two in Jharkhand and Odisha. "There is potential to add another 200 or 300 million tonnes if three...
  • JSW Steel gets nod to use CIL rail infra for Rohne mine April 8, 2014

    Coal India Ltd (CIL) has agreed to let JSW Steel use rail infrastructure of its arm CCL so that the private firm is able to mine and transport coal from a Jharkhand block allocated to it for captive use. The nod follows a meeting of a high-level panel on clearing bottlenecks...
  • 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...
  • Government seeks Rs 25,000 crore from CIL for using state property for coal mining January 23, 2014

    The Jharkhand government has sought Rs 25,000 crore as 'preliminary' amount from Coal India Ltdfor excavating coal in the state without paying any compensation to it, a move that could hit the company hard. "Coal India has acquired land for mining in the state through Coal Bearing Areas Act. It pays...
  • Coal scam: Attorney General to reply to SC over role of CIL in block identifications, allotments September 24, 2013

    The Centre on Monday filed its affidavit in the Supreme Court stating various developments taking place since 1992 on coal block identification and allocation to private companies. In its 24page affidavit, backed by voluminous records, the Centre contended the Coal India Ltd is the lessee of state governments in respect of...
  • Auctions of the explored coal block likely by Dec-Jan, indicates Govt September 6, 2013

    The government, on Friday, said the auction of explored coal blocks may take place either by December or the beginning of the next year. "The auction of explored coal blocks is likely to be undertaken in December or by January 2014," Coal Secretary S K Srivastava said at a CII conference...
  • 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...
  • CIL coal price pooling not acceptable to Bengal govt October 15, 2012

    New Delhi: Raising objections to pricepooling of coal, West Bengal government has conveyed to CIL that such a mechanism is not acceptable to it. Coal India Ltd (CIL) had sought opinion of state governments on the issue. To offset the impact of high import costs, the Planning Commission had said...
  • UK fund files petition against Coal India, ministry August 2, 2012

    New Delhi: The Children Investment Fund Management (UK) Llp, or TCI, on Wednesday filed a petition in the Delhi High Court against India's coal ministry and Coal India Ltd challenging their moves to keep the prices low. The TCI, which has less than 2 per cent stake in the company,...
  • Coal India overtakes RIL as most valued firm August 17, 2011

    Mumbai: Staterun Coal India on Wednesday toppled Reliance Industries Limited (RIL) as the country's most valued company, ending billionaire Mukesh Ambaniled corporate giant's over fouryear 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...
  • Emperor Bahadur Shah's poor kin to get job July 1, 2009

    Kolkata: Staterun Coal India Ltd (CIL) has decided to offer employment to Madhu, the povertystricken fifth generation descendant of India's last Mughal emperor Bahadur Shah Zafar. Madhu, 33, is the daughter of Sultana Begum and the late Muhammad Bedar Bakht, the great grandson of Bahadur Shah Zafar. "On behalf of Coal...