Coal imports decline 19% to 16 MT in May

Coal imports decline 19% to 16 MT in May

Coal imports declined by 19.2 percent to 16.38 million tonnes last month on the back of sufficient availability of domestic fuel.

CIL unit declares interim dividend of Rs 2,758 cr

State-owned CIL on Friday said its arm Mahanadi Coalfields Ltd has declared an Interim dividend of Rs 2,758.45 crore for 2015-16.

CIL to pump in Rs 57K cr in 5 years to ramp up output to 908 MT

The tentative capital investment projection for 2015-16 is Rs 5,990.5 crore.

Govt approves 10% stake sale in Coal India, eyes 20K cr

Govt approves 10% stake sale in Coal India, eyes 20K cr

At current market capitalisation, based on CIL stock price, 10 percent stake sale could fetch about Rs 21,137.71 crore.

Govt clears performance-linked payment for CIL officers

Govt clears performance-linked payment for CIL officers

Government on Wednesday approved payment of Performance Related Pay to executives and non-unionised supervisors of Coal India Ltd (CIL) and its subsidiaries.

Govt may seek special dividend from top PSUs to meet tax deficit

Govt may seek special dividend from top PSUs to meet tax deficit

Companies like Coal India Ltd, NTPC, ONGC, GAIL, IOC etc may be asked to pay special dividend if government decides so.

Coal India yet to sign fuel supply pacts for 2,560 MW

Coal India had been directed to sign supply pacts with power plants for total generation capacity of 78,535 MW to ensure fuel availability.

CIL to import about 2 MT of coal in FY16

State-owned Coal India will import about 2 million tonnes of coal, to be supplied to power producers, in the current fiscal.

Coal India's base issue size of 5% fully covered 

Coal India's base issue size of 5% fully covered 

The government`s sale of a 5 percent stake in Coal India Ltd was fully covered by 2.33 p.m. on Friday, data from stock exchanges showed. The offering has a green shoe option, or provision to sell an additional stake of 5 percent.

CIL down 4% as floor price for stake sale set at a discount

CIL down 4% as floor price for stake sale set at a discount

The retail category of 12.63 crore shares got bids for over 7.20 lakh shares (0.57 percent). The general category of over 50.53 crore shares were subscribed nearly 0.75 percent.

CIL stake sale begins; shares tank nearly 4% in early trade

CIL stake sale begins; shares tank nearly 4% in early trade

The retail category of 12.63 crore shares got bids for over 7.20 lakh shares (0.57 percent). The general category of over 50.53 crore shares were subscribed nearly 0.75 percent.

CIL stake sale today; government eyes Rs 22,600 cr

CIL stake sale today; government eyes Rs 22,600 cr

The floor price was fixed on Thursday at a discount of about 5 percent from the current market price of Coal India (CIL), where the government presently holds nearly 90 percent stake.

Coal India to import around 2 LT of coal

State-owned Coal India Ltd (CIL) will import around 2 lakh tonnes of coal either next month or in March for suppling it to power plants.

Production resumes at various Coal India mines

Production has resumed at various mines of state-owned Coal India Ltd after the nationwide strike by coal workers was called off Wednesday.

Coal production resumes; Govt to go ahead with reforms

Coal workers across the country have resumed work after a two-day strike and promised to make up for an estimated 1 million tonne production loss.

Left union calls off its Jan 13 Coal India strike

Left backed All India Coal Workers Federation (AICWF) said it has called off its strike on Jan 13 in state-run Coal India Ltd (CIL) citing "unprecedented unity among coal workers" in the five-day strike which began Tuesday.

CIL examining proposal to register subsidiary in South Africa

State-owned CIL is examining a proposal to register a wholly-owned subsidiary in South Africa to acquire and develop coal assets and has appointed Deloitte as the consultant for advising on the regulatory framework there.

PESB invites fresh applications for Oil India top post

Government headhunters PESB has invited fresh applications for the top job at Oil India Ltd after it found none of previous six applicants, including the firm's Director (Finance) R S Borah, suitable.

MCL's 1600 MW pithead thermal power project to seek board nod

The first 1600 MW pithead thermal power project by Coal India Ltd subsidiary Mahanadi Coalfields Ltd is expected to be ratified at the next board meeting.

Govt to sell 10 percent stake in Coal India Ltd.

India plans to sell a 10 percent stake in state-owned Coal India Ltd (COAL.NS).