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CCI slaps Rs 591 crore penalty on Coal India

CCI slaps Rs 591 crore penalty on Coal India

Competition Commission on Friday imposed a fine of Rs 591 crore on state-owned Coal India for having discriminatory conditions in fuel supply pacts.

 

SAIL, BSNL, Air India worst performing PSUs in FY16: Survey

SAIL, BSNL, Air India worst performing PSUs in FY16: Survey

Coal India, ONGC and Indian Oil Corporation emerged as star financial performers among India's central public sector enterprises in 2015-16, whereas SAIL, BSNL and Air India incurred most losses, a government survey has showed.

CIL may miss output target by 20 MT this fiscal: Coal Secretary

CIL may miss output target by 20 MT this fiscal: Coal Secretary

State-owned Coal India is likely to miss the production target by 20 MT and may end up producing up to 578 million tonnes this fiscal due to a string of issues, including evacuation and demand-supply, a top official has said.

Coal India's subsidiary CCL to buy-back shares worth Rs 1,001 crore

Coal India's subsidiary CCL to buy-back shares worth Rs 1,001 crore

Coal India on Saturday said its wholly owned subsidiary Central Coalfields Limited (CCL) has approved buy-back of 5,21,000 fully paid equity shares for an aggregate amount not exceeding Rs 1,001 crore.

Coal India arm NLC approves Rs 1,244-crore share buyback plan

Coal India arm NLC approves Rs 1,244-crore share buyback plan

World's largest coal producer Coal India on Saturday said the board of its arm Northern Coalfield has approved a share buyback plan worth Rs 1,244 crore.

Coal India completes buyback of equity shares worth Rs 3,650 cr

Coal India completes buyback of equity shares worth Rs 3,650 cr

State-run Coal India on Saturday said it has completed buyback of equity shares worth Rs 3,650 crore.

Spot e-auction of coal to start today; 20 mt on offer

Spot e-auction of coal to start today; 20 mt on offer

The auction will be conducted for four days beginning Thursday and run till October 25.

CIL to start spot e-auction of coal today; auction to be conducted for four days

CIL to start spot e-auction of coal today; auction to be conducted for four days

The auction will be conducted on October 20, 21, 24 and 25.

Coal output to miss govt's target of self sufficiency: Report

Coal output to miss govt's target of self sufficiency: Report

The country is eyeing 1.5 billion tonnes of coal production by 2020, of which 1 billion tonnes would come from Coal India.

Coal India buyback offer to open on Oct 3

Coal India buyback offer to open on Oct 3

The share buyback programme worth Rs 3,650 crore of Coal India would open next week on October 3.

India needs 4 times defence budget to meet 2020 coal target 

India needs 4 times defence budget to meet 2020 coal target 

The government has estimated that by the year 2020, India will need 1.5 billion tonnes of coal. But an IndiaSpend analysis of a recent report by Brookings India indicates that even by a generous estimate, the country`s need for coal will not exceed 1.2 billion tonnes over the next four years.
 

Coal India Limited's 66 coal mine projects facing delays

Coal India Limited's 66 coal mine projects facing delays

State-owned CIL's 66 projects are facing delays due to reasons including land acquisition problem as well as rehabilitation and resettlement issues.

Coal India workers call for nation-wide strike on September 2

Coal India workers call for nation-wide strike on September 2

 Coal India workers will go on a nation-wide strike on September 2 to mark their protest against further divestment and strategic sale in the sector.

Power costs may reduce by 50 paisa per unit on coastal movement of coal

Power costs may reduce by 50 paisa per unit on coastal movement of coal

Coastal movement of coal could cut power costs by 50 paisa per unit for power plants besides saving Rs 17,000 crore annually, a report under government's ambitious Sagarmala project has said.

At 42.72 mt, Coal India hits 99% of June output target

At 42.72 mt, Coal India hits 99% of June output target

 Coal India, one of the largest global coal miners, has achieved production of 42.72 million tonnes in June as against a target of 43.31 mt for the month.

 Will not cut govt stake in power PSUs below 51%: Piyush Goyal

Will not cut govt stake in power PSUs below 51%: Piyush Goyal

Supporting Finance Ministry's disinvestment plan for public sector undertakings, Union Minister Piyush Goyal has said his ministry will not reduce the government's stake in power sector PSUs below 51 percent.

Power tariff likely to increase after increase in prices of Coal India

Power tariff likely to increase after increase in prices of Coal India

Power tariff likely to increase after increase in prices of Coal India. Watch complete news story of Buzzing News and stay updated with the latest trends and statistics in the stock market, commodity market and share market!

With implementation of UDAY scheme, power and coal demand will grow: Coal Secretary Anil Swarup

Anil Swarup, Coal Secretary India, discusses in detail how the ministry managed to achieve an extraordinary turnaround for Coal India when it was facing a serious production crisis of its lifetime. He also believes that power and coal demand will grow soon, subsequent to implementation of UDAY scheme

Coal import bill drops by Rs 28,000 cr in FY16

Coal import bill drops by Rs 28,000 cr in FY16

Helped by a record coal production by the world's largest coal miner Coal India Ltd (CIL), India reduced its import bill of the dry fuel by more than Rs 28,000 crore in the last fiscal.

CIL achieves 536 MT coal output in FY'16; misses target

CIL achieves 536 MT coal output in FY'16; misses target

State-owned Coal India has achieved an 8.5 percent growth rate in production at 536 million tonnes in 2015-16, but missed the output target of 550 million tonnes for the just-concluded financial year