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Govt may appoint 6-7 merchant bankers to manage CIL stake sale Govt may appoint 6-7 merchant bankers to manage CIL stake sale The government is mulling appointing six to seven merchant bankers to manage 10 percent stake sale in Coal India (Coal India) which is likely to fetch over Rs 17,000 crore to the exchequer.
IMG agrees on 10% stake sale in Coal India; to fetch over Rs 17,000 cr IMG agrees on 10% stake sale in Coal India; to fetch over Rs 17,000 cr The IMG, headed by Disinvestment Secretary Ravi Mathur, is guiding the process of disinvestment of government's equity in CIL.
Fewer power cos may import coal via CIL due to higher cost Fewer power cos may import coal via CIL due to higher cost "Out of the 36,000 MW capacity projects for which the government has mandated Coal India to import coal on cost plus basis, less than 10 percent are willing to import coal through the utility," a Power Ministry official said.
NMDC examining proposals to acquire coal mines in South Africa NMDC examining proposals to acquire coal mines in South Africa Four years after entering into an agreement with South Africa's Kopano for scouting mineral assets, state-owned NMDC is now examining two proposals for acquiring coal mines in the African country.
Policy on disposal of surplus coal kept in abeyance: Govt Policy on disposal of surplus coal kept in abeyance: Govt The policy with regard to disposal of surplus coal from captive coal mines which was finalised by the coal ministry has been kept in abeyance for further inter-ministerial consultations, Parliament was informed on Tuesday.
CIL forms subcommittee to monitor foreign investment proposals CIL forms subcommittee to monitor foreign investment proposals The government Monday said state-owned Coal India (CIL) has formed a sub-committee to monitor the proposals with regard to foreign investments.
18 projects of Coal India get clearances from MoEF: Govt 18 projects of Coal India get clearances from MoEF: Govt The government Monday said 18 coal mining projects of state-owned CIL have received clearances from the Environment Ministry.
GoM on coal regulator may meet this week GoM on coal regulator may meet this week The inter-ministerial panel, which is to decide on the setting up of regulatory authority for the coal sector, is likely to meet again this week.
A K Dubey appointed nominee director of Coal India A K Dubey appointed nominee director of Coal India Coal India (CIL) Saturday said A K Dubey, Additional Director, Coal Ministry has been appointed as the nominee director of the PSU firm.
CIL produced about 36 MT of coal in April CIL produced about 36 MT of coal in April State-owned Coal India today said its production in April stood at 35.75 million tonnes (MT).
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