Top officer of coal-mining PSU caught taking bribe

A Deputy General Manager of Singareni Collieries Company Ltd was on Wednesday caught by Anti-Corruption Bureau (ACB) sleuths while he was allegedly accepting a bribe of Rs 20,000 from a contractor. 

Coal India output up 9% over last year's production

Government on Saturday said coal output by state-owned CIL crossed 9 percent over last year's production adding that there is "still a very long way to go" amid the PSU eyeing one billion tonnes production target.

Campus selection: Coal India largest recruiter at IIT-Kharagpur

Campus selection: Coal India largest recruiter at IIT-Kharagpur

With 31 job offers, Coal India was the largest recruiter at the IIT Kharagpur campus this season.

Coal price rationalisation likely early next year

Coal price rationalisation likely early next year

State-run miner Coal India may take a decision on price rationalisation of various grades of the fossil fuel early next year.   

Coal imports will continue to decline this fiscal: Coal Secy

Coal imports will continue to decline this fiscal due to "unprecedented increase" in output of the fossil fuel by state-owned Coal India Ltd.

 

Coal India production jumps 8.8% to 321-mt in Apr-Nov

Coal India production jumps 8.8% to 321-mt in Apr-Nov

Coal India's production jumped 8.8 percent to 321.38 mt during April-November period of the current fiscal, while off-take soared by 9.8 percent.

Coal India stake sale: Govt shortlists 5 merchant bankers

Government has shortlisted five Indian merchant bankers, including JM Financial, SBI Capital and ICICI Securities, for managing the over Rs 21,000-crore stake sale in Coal India.

Cabinet approves 10% divestment in Coal India

Cabinet approves 10% divestment in Coal India

 The Union Cabinet on Wednesday approved 10 percent stake sale in Coal India that could fetch up to Rs 20,000 crore to the exchequer.

Coal India Q2 net up 16% at Rs 2,544 crore

Coal India Q2 net up 16% at Rs 2,544 crore

The company's net profit in the corresponding quarter of the previous fiscal was Rs 2,192.38 crore.

Coal India invites global firms to set up washery in Jharkhand

Coal India invites global firms to set up washery in Jharkhand

The government had earlier said that challenge is not quantity but quality of the fossil fuel.

ONGC to intensify exploration activities, secures more rigs

Oil and Natural Gas Corporation (ONGC) is expected to increase its upstream capital expenditure by 10 per cent next year and intensify its exploration activities, taking advantage of the current depressed global energy market.

Government blames commodities slump for disinvestment challenges

Government blames commodities slump for disinvestment challenges

As challenges emerge in meeting the mammoth Rs 69,500-crore disinvestment target for this fiscal, the government today put the blame on global commodities slowdown saying many identified PSUs are from this space.

Coal India takes IT route to track mining projects

Coal India takes IT route to track mining projects

The world's largest coal miner CIL is planning to put in place a mechanism to monitor execution of mining projects that cost over Rs 150 crore as the PSU behemoth eyes an output of one billion tonnes by 2020.

CIL stake sale: Foreign bankers wary, deadline extended

CIL stake sale: Foreign bankers wary, deadline extended

It plans to sell 10 per cent stake in the world's largest coal miner, but got virtually no response from foreign merchant bankers over the company purportedly not complying with its own sustainability policy.

September coal imports dip 27% to 12.6 mn tonnes

September coal imports dip 27% to 12.6 mn tonnes

With government's renewed focus in increasing coal production in India, coal imports have fallen 27% year on year.

Coal India aims double digit production growth in H2 of FY16

Around 93 per cent of the company's total coal production comes from open-cast mines.

CIL will produce 50 MT more coal than last year: Piyush Goyal

CIL will produce 50 MT more coal than last year: Piyush Goyal

State-owned CIL will produce at least 50 million tonnes more coal in the current fiscal than the last financial year, Coal and Power Minister Piyush Goyal has said.

Policy on coal linkages auction may take some time: Govt to CIL

The policy with regard to auction of coal linkages may take some more time to be finalised, government has informed state-owned coal miner CIL.

CITU, INTUC shun coal ministry meet on strike

"We will not attend the meeting today convened by the Coal Ministry," CITU-backed All India Coal Workers' Federation General Secretary Jibon Roy said.

5 CIL trade unions to support Sept 2 nationwide strike call

To protest against the proposed stake sale in Coal India, its five major trade unions will support the September 2 nationwide strike call, on labour issues, called by all 11 central trade unions of the country.