| Contact Details |
| Office Address: | Coal India Ltd
10 Netaji Subhas Rd
Kolkata, WB, 700001
Phone : +91-33-22488099
Fax : +91-33-22435316
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| News |
Coal India Rating: Buy; August output/offtake lowest in 3 years
Posted on 7th September 2019 |
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Coal India (CIL) has reported a 10% y-o-y decline each in August production and sales volume, now down to their lowest levels in the past three years. Key highlights: (i) Larger subsidiaries MCL (Mahanadi Coalfields Ltd) and SECL (South-Eastern Coalfields Ltd) accounted for the bulk of the decline; (ii) continued low rake availability – down to 178/day in August from 205/day in July—dampened offtake; (iii) production volume was hit by fatalities at MCL and SECL and higher-than-normal rainfall. Read More |
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Coal workers to go on strike over FDI in mining on September 24
Posted on 6th September 2019 |
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Five federations representing over half-a-million workers of Coal India Ltd, along with Singareni Collieries Company Ltd and state-owned coal firms, have called for a strike on September 24, seeking withdrawal of the Centre’s decision to allow 100 per cent FDI in mining. In a fresh round of FDI reforms, the Union government has allowed 100 per cent foreign direct investment (FDI) in coal mining and contract manufacturing, as part of its efforts to boost economic growth. Read More |
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Metal stocks shine on positive global cues; Coal India gains 6%
Posted on 5th September 2019 |
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Shares of metal companies rallied up to 6 per cent on the BSE on Thursday after a slew of positive global developments lifted investor sentiment. Among individual stocks, Coal India zoomed 6 per cent, National Aluminium Company (Nalco) rose 4.8 per cent, JSW Steel, Tata Steel, Jindal Steel & Power, and Steel Authority of India all gained over 3 per cent, while Hindustan Zinc was up 2 per cent on the BSE. Read More |
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Coal India foresees 53-MT shortage in FY26 at 100 pct supply level
Posted on 31st August 2019 |
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Coal India (CIL) has estimated that coal supplies by it by the end of FY26 will be lower than what is required to meet 100% of its committed volumes to buyers by 53.3 million tonne (MT). Shortages would persist even if it is able to meet the FY26 production target of 1,000 MT. However, the company would have a surplus availability of 40.8 MT in FY24, if it supplies at ‘trigger level’ — a technical jargon for assured minimum commitment volume. The surplus is contingent on CIL producing 880 MT in FY24. Read More |
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The committee has been asked to submit its report within three months.
Posted on 29th August 2019 |
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The government’s move to relax FDI (foreign direct investment) rule in coal mining is expected to see new technology entering the sector in the coming years, Coal Minister Prahlad Joshi said. The opening up coal mining is one of the biggest reforms and the government already has some mines ready to offer but the details are with the senior officials and the PMO, Prahlad Joshi also told CNBC TV18 in an interview. India may need 1,000 mt of coal from captive and non-captive mines over the next two to three years, he added. Read More |
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