Coal India

  • NTPC SOS to government: Only 4 days' coal stock left in 27 plants 6 days ago

    New Delhi: The national Thermal Power Corporation has sent out an SOS to the government informing them that they have coal stock left only for four days. According to sources, six plants of NTPC with capacity of 17,000 MW are running on low stock and out of 100 thermal plants, 27...
  • 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 12-million-tonnes-per-year mine, its first major new project in at least five years, which should help boost supplies to fuel-starved 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 fast-track other two in Jharkhand and Odisha. "There is potential to add another 200 or 300 million tonnes if three...
  • Goyal asks Coal India to boost output, cut e-auction quantity June 20, 2014

    New Delhi: Beginning the Herculean task of increasing electricity generation, Power Minister Piyush Goyal on Friday asked Coal India to raise production from existing mines and reduce the quantity offered in e-auctions so that utilities can get more supplies of the fuel. Goyal, who is also the Coal Minister, met top...
  • Coal production more pressing problem than CIL restructuring June 19, 2014

    Kolkata: The Coal Ministry is more concerned about increasing coal production than restructuring Coal India, Union Coal and Power Minister Piyush Goyal said on Thursday. On his fist visit to the city after taking over the Coal Ministry, Goyal said that the more pressing problem before the ministry was to...
  • 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...
  • 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...
  • Coal India officers call off strike; output impact minimal March 14, 2014

    New Delhi: Coal India(COAL.NS) officers called off their three-day strike midway on Friday after receiving assurances from its chairman on pay-related demands, a union leader said, ensuring little impact on production that peaks in March. The state-owned company, the world's No. 1 coal miner that accounts for about 80 percent of...
  • Panel on coal linkages to meet on February 19 February 2, 2014

    New Delhi: An inter-ministerial panel will meet on February 19 to review the status of existing coal supply arrangements to the power and other sectors. "The meeting of the Standing Linkage Committee (Long-Term) for power/sponge/cement to review the status of existing coal linkages/letters of assurance and other related matters will...
  • 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 Ltd for 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 India gets environment ministry approval for 23 projects January 12, 2014

    Coal India (CIL) has received approval from the Ministry of Environment and Forests for 23 projects after intervention by the Cabinet Committee on Investment (CCI). "As on December 30, 2013, out of the 20 projects pending with MoEF (Ministry of Environment and Forests) for EC (environment clearance), 16 proposals have been...
  • Three bodies extricated from BCCL coal mine, efforts on to trace others November 12, 2013

    Bodies of two miners trapped inside a BCCL coal mine in Dhanbad were extricated on Tuesday, taking the toll to three while efforts are on to locate another trapped mine official. "The bodies of Sitaram Majhi and Litu Saha were extricated on Tuesday with the help of professional well diggers. We...
  • CIL stake sale likely this year: Sriprakash Jaiswal October 28, 2013

    The five per cent stake sale in state miner Coal India (CIL) is likely to take place by the end of this year, Coal Minister Sriprakash Jaiswal said on Monday. 'It is likely that it (Coal India stake sale) may happen either in November or December,' Jaiswal told media persons in...
  • 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 24-page affidavit, backed by voluminous records, the Centre contended the Coal India Ltd is the lessee of state governments in respect of...
  • CCI to probe Coal India fuel pact with sponge iron makers September 12, 2013

    New Delhi: Fair trade regulator CCI has ordered a probe into the allegations that state-run Coal India and its subsidiaries abused dominant market position in supplying fuel to sponge iron manufacturers. The probe against the country's largest coal miner comes on a complaint filed by Sponge Iron Manufacturers Association. Finding prima...
  • 3-day strike by employees will hit production, CIL tells govt September 8, 2013

    The proposed three-day strike by employees of CIL from September 23 will have adverse impact on coal production amidst shortage of the fossil fuel in the country, the company has informed the central government. "CIL (Coal India Ltd) has written to the Coal Ministry stating that the strike by the trade...
  • 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, 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...
  • Paralysis in decision-making behind economic mess, says Yashwant Sinha August 27, 2013

    Former finance minister Yashwant Sinha on Tuesday called for early elections to bail the country out of the ongoing economic crisis. He said a paralysis in decision-making was the main reason behind the economic mess and charged the government with having lost control over financial matters of the country. "Paralysis of decision-making...
  • Coal Ministry to review progress of fuel supply pacts by month-end August 18, 2013

    Coal Ministry has called a meeting by month-end to review the progress of fuel supply pacts signed with power firms for a capacity of 78,000 MW. "The Coal Ministry has called a meeting on August 30 to review the progress of signing of fuel supply pacts," an official said. To be chaired...
  • CIL donates Rs 50 cr for Uttarakhand flood victims June 29, 2013

    Kanpur: Coal India Limited has announced to donate Rs 50 crore for the relief and rehabilitation of the flood-hit people of Uttarakhand. CIL will provide a financial aid of Rs 50 crore to the Chief Minister's Relief Fund to help the flood victims in Uttarakhand, a release from the office of...
  • RIL overtakes ONGC to become second most valued company June 19, 2013

    Mumbai: Reliance Industries on Tuesday toppled state-run oil major ONGC to become the country's second most valued firm after TCS. Shares of ONGC on Tuesday fell by 1.47 per cent, bringing its market valuation down to Rs 2,63,466 crore, which was lower than RIL's m-cap of Rs 2,66,548 crore at...
  • Govt may regulate coal industry to improve supply May 29, 2013

    New Delhi: A ministerial group approved a draft bill on Wednesday to set up a coal regulator, the Coal Minister said, in a step towards better supervision of a sector that is the nation's main source of energy but is riddled with corruption and supply bottlenecks. Coal Minister Sriprakash Jaiswal did...
  • Nine firms shortlisted for Coal India restructuring May 26, 2013

    New Delhi: Amid 17 major players evincing interest in restructuring world's largest coal miner CIL (Coal India Limited), the government has shortlisted nine firms for the task. "The Coal Ministry has shortlisted nine firms out of 17 applications it received with regard to the appointment of advisors for restructuring of...
  • 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...
  • 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...
  • Companies Bill to prescribe norms for class action suits March 1, 2013

    In January 2009, in what is widely referred to as 'India's Enron', 300,000 shareholders of Satyam Computer Services (now Mahindra Satyam) came together and sued the company. Satyam's founder Ramalinga Raju had confessed to misstating accounts, and the company stock plummeted. The shareholders claimed damages worth Rs 5,000 crore. For...