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CIL

Coal imports likely to decline to 160 MT in FY'17

Coal imports likely to decline to 160 MT in FY'17

Country's coal imports have declined 5 percent in the first two months of 2016-17 and the number is expected to reach 160.16 million tonnes in the ongoing fiscal, Parliament was informed on Monday.

Coal India violating Human rights: Amnesty International

Coal India violating Human rights: Amnesty International

Human rights group Amnesty International has claimed that "abusive laws and the poor enforcement of safeguards" at coal mines is leading tribal communities to oppose expansion of these blocks.

Coal India board approves buy back of 10.89 cr shares worth Rs 3,650 crore

Coal India board approves buy back of 10.89 cr shares worth Rs 3,650 crore

The Finance Ministry is pushing for buyback of shares by Central Public Sector Enterprises (CPSEs). This is being done for two purposes to generate cash for the government and help push the valuation for any divestment.

Top four companies add Rs 38,703 crore to market valuation

Top four companies add Rs 38,703 crore to market valuation

Four of the top 10 most valued Indian companies together added Rs 38,703 crore to their market valuation last week, with CIL emerging as the biggest gainer.

Parliamentary panel asks coal PSUs, govt to recover dues

Parliamentary panel asks coal PSUs, govt to recover dues

Expressing concerns over the large amount of dues that need to be recovered by all coal PSUs, including CIL's Rs 11,032 crore, a Parliamentary Panel has asked the government as well as the state-owned firms in the sector to take steps for the recovery.

Power companies to get coal via e-auctions; CIL MoU till June 30

Power companies to get coal via e-auctions; CIL MoU till June 30

Power producers being supplied coal through the MoU route by state-owned CIL will now have to take it via special e-auction being conducted for the power sector as the government has decided not to extend the pact beyond June 30.

Coal India Limited to hold e-auction for power plants next week

Coal India Limited to hold e-auction for power plants next week

State-run Coal India Limited (CIL)will next week hold the first phase of special e-auction for the ongoing fiscal to provide coal to power producers as part of the government's efforts to ensure round-the-clock electricity to all.

CIL abolishes incentive on high grade coal to push sales

CIL abolishes incentive on high grade coal to push sales

Mining behemoth Coal India Ltd has decided to abolish performance incentives it used to earn on the supply of coal beyond certain levels.

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

CIL unions to meet Piyush Goyal Monday, may discuss disinvestment

CIL unions to meet Piyush Goyal Monday, may discuss disinvestment

Five worker unions of state-owned CIL will meet Coal and Power Minister Piyush Goyal Monday to deliberate on various issues, including disinvestment.

Coal India announces interim dividend; govt to get Rs 17,308 crore

Coal India announces interim dividend; govt to get Rs 17,308 crore

Government will get Rs 17,308 crore in interim dividend from Coal India Ltd as it seeks to explore more options to garner non-tax revenue.

CIL looks to auction coal linkages by Mar-end or early April

The government had this week issued broad guidelines for the methodology of the auction.

Coal India Limited to hire 1,000 employees in 2016

Coal India Limited to hire 1,000 employees in 2016

State-owned CIL will hire 1,000 people in different streams this year to bolster its workforce, as the Maharatna firm eyes one billion tonne output by 2020.

Coal India Q3 profit jumps 14% to Rs 3,718 crore as sales tick up

Coal India Q3 profit jumps 14% to Rs 3,718 crore as sales tick up

Coal India accounts for over 80 percent of the domestic coal production.

CIL to provide short-term linkages to end-use plants

CIL to provide short-term linkages to end-use plants

State-owned Coal India will provide short-term linkages to the end-use plants of those central and state PSUs, both in power and non-power sector, whose coal blocks could not begin production.

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.

Coal India Limited eyes coal mines in South Africa

Coal India Limited eyes coal mines in South Africa

As it gears up to meet 1 billion output target, state-owned CIL is planning to acquire coal mines in South Africa in partnership with local government amid falling prices of assets globally.

Coal India January output at 52.86 MT; misses target

Coal India January output at 52.86 MT; misses target

State-run miner Coal India Monday said it acheived a production of 52.86 million tonnes coal in January, lower than the target of 56.18 MT for the month.

Coal India in dilemma over production, pricing

Coal India in dilemma over production, pricing

 Amid sluggish demand, Coal India is facing dilemma over the production and finding it difficult to further stock the fuel, even as the PSU major is not keen to rationalise prices and rather looks at methods to boost sales to keep weak subsidiaries in profit.