Hemant Soren blames CIL for state`s underdevelopment

Jharkhand Chief Minister Hemant Soren on Tuesday indirectly blamed the Coal India Limited for underdevelopment at the panchayat level, claiming that the company owed Rs 50,000 crore to the state by way of mining compensation.

CIL asked to increase coal supply: Jaiswal

Union Coal Minister Shriprakash
Jaiswal on Friday said that he has instructed Coal India Limited
(CIL) to increase the supply of coal to power plants.

Parl Panel asks govt to allot 138 coal blocks to CIL

A Parliamentary Panel has asked the government to allocate 138 coal blocks to state-run Coal India Ltd to help it meet production targets for the current and the next plan period and bridge demand-supply gap.

CIL eyes overseas acquisitions to bridge supply gap

Coal Minister Sriprakash Jaiswal on Wednesday said state-run coal major Coal India is looking to acquire coal blocks in the US and other countries to meet the rising energy need of the country.

CIL moblising Rs 1,600 cr for reviving ECL, BCCL

State-owned Coal India Ltd is
moblising a Rs 1,600 crore funding for two of its ailing firms
-- BCCL and EC -- to take them out of the Board for Industrial
& Financial Reconstruction`s purview in the next two years.

Finance Ministry seeks clarification on CIL stake-sale

The Finance Ministry has sought certain clarifications on the proposed disinvestment in Coal India, and has asked the Coal Ministry to submit a revised proposal on it.

CIL shortlists 10 cos for developing 18 abandoned mines

State-run Coal India Ltd Monday said it has shortlisted 10 global companies, including steel giant ArcelorMittal, to develop its 18 abandoned mines, which have 1.6 billion tonnes of proven coal reserves.

CIL to commission 19 washeries entailing Rs 3K cr investment

Coal India, the country`s largest coal producer, is set to commission 19 washeries over the next five years with an investment of Rs 3,000 crore.

CIL divestment: Coal Min turns to Finance, Law Ministries

The Coal Ministry has approached the Department of Disinvestment for determining the value of Coal India`s shares ahead of the PSU`s proposed disinvestment.

Government may sell 15% stake in Coal India

The govt is planning to increase its disinvestment target in Coal India from 10% proposed earlier to 15% as it wants to put a sizeable number of shares in the market and also offer them to employees and farmers displaced by mines.

Empowered committee to consider CIL proposal to invest abroad

Facing severe shortage of coal in the country, the government on Thursday authorised an Empowered Committee of Secretaries for considering Coal India Ltd`s proposal to invest and acquire assets abroad.

CIL to spend USD 1-1.5 bn to acquire assets in 4 countries

State-run Coal India on Thursday said it will buy mining assets in four countries-- Australia, Indonesia, South Africa and the US -- at an estimated investment of USD 1-1.5 billion, in a bid to expand its production capacity.