Coal India

  • JSW Steel gets nod to use CIL rail infra for Rohne mine 08-04-2014 04:02 PM

    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...
  • Coal India officers call off strike; output impact minimal 14-03-2014 11:53 AM

    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...
  • Panel on coal linkages to meet on February 19 02-02-2014 11:44 AM

    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 28-01-2014 12:17 AM

    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...
  • Government seeks Rs 25,000 crore from CIL for using state property for coal mining 23-01-2014 09:33 AM

    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...
  • Coal India gets environment ministry approval for 23 projects 12-01-2014 11:50 AM

    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...
  • Three bodies extricated from BCCL coal mine, efforts on to trace others 12-11-2013 02:33 PM

    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....
  • CIL stake sale likely this year: Sriprakash Jaiswal 28-10-2013 04:03 PM

    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...
  • Coal scam: Attorney General to reply to SC over role of CIL in block identifications, allotments 24-09-2013 10:05 AM

    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...
  • CCI to probe Coal India fuel pact with sponge iron makers 12-09-2013 07:05 PM

    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...
  • 3-day strike by employees will hit production, CIL tells govt 08-09-2013 12:37 PM

    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...
  • Auctions of the explored coal block likely by Dec-Jan, indicates Govt 06-09-2013 06:02 PM

    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...
  • Coal India, trade unions to meet on Sep 11 on stake sale issue 06-09-2013 03:23 PM

    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...
  • Paralysis in decision-making behind economic mess, says Yashwant Sinha 27-08-2013 04:26 PM

    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...
  • Coal Ministry to review progress of fuel supply pacts by month-end 18-08-2013 01:00 PM

    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...
  • CIL donates Rs 50 cr for Uttarakhand flood victims 29-06-2013 03:53 AM

    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...
  • RIL overtakes ONGC to become second most valued company 19-06-2013 03:24 AM

    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 29-05-2013 05:46 PM

    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...
  • Nine firms shortlisted for Coal India restructuring 26-05-2013 12:20 PM

    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 21-05-2013 12:59 PM

    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 19-05-2013 12:11 PM

    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...
  • CIL board seeks clarifications on Limpopo govt pact 24-03-2013 10:55 AM

    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...
  • Coal India overtakes RIL as most valued firm 17-08-2011 05:20 PM

    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...
  • CIL to hire about 1,500 people by 2012-end 15-08-2011 01:02 PM

    New Delhi: State-run Coal India Ltd on Monday said it plans to hire 1,500 executives by December 2012 and will come out with recruitment advertisements in early 2012. "We will recruit around 1,500 management trainees by December, 2012, and will come out with advertisements for vacancies by either February or...
  • Coal India Q1 profit up 64 pc 13-08-2011 10:00 AM

    Mumbai: Coal India, the world's largest coal miner, on Friday said its fiscal first quarter profit surged 64 per cent, beating street estimates, as stronger sales and a price increase effected in February boosted margins. India holds 10 per cent of the world's coal reserves but local supplies are falling...
  • Anil Ambani's RCom, RInfra to move out of Sensex 17-06-2011 10:05 PM

    Mumbai: Two Anil Ambani group firms, Reliance Communications and Reliance Infrastructure, will move out of Bombay Stock Exchange's blue chip index Sensex in August. While RCom would be replaced by Sun Pharmaceuticals, RInfra would be substituted by Coal India on the 30-share index. The changes would be effective from August...
  • Learning from the past: Market trends 28-01-2011 03:11 PM

    Mutual fund managers will scratch their heads when they look at the graphic on this page. The retail investor confused them in 2010. Fund managers used to view retail investors as simplistic individuals who would follow the herd. When the market would rise, the net inflow of funds would rise....
  • Coal India wants to buy Gandhi's SAfrica home 03-01-2011 12:15 PM

    Kanpur: The state-run Coal India Limited will make its second attempt to buy the house of Mahatma Gandhi in Johannesburg, where he had lived for over a year, with the desire to build a memorial there. The PSU had made its first attempt to buy the house of the Father...