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Coal India to cut e-auctions by 50%

The coal ministry has been trying to persuade CIL to cut down its lucrative e-auctions by more than 50 percent to 25 million tonnes in 2014-15 from 58 MT last year.

CIL Board looks into third party sampling mechanism

The issue of coal quality last year had resulted in a standoff between the country's largest power producer NTPC and CIL.

Coal India hikes price of certain grade of coal

State-owned Coal India (CIL) has increased the price of a certain grade of coal from one of its mines in Godda district of Jharkhand.

Govt appoints 3 directors on Coal India board

The three directors - Alok Perti, R N Trivedi and Kamal Raj Gupta - will be on the board of PSU for a period of three years or until further orders, CIL said in a filing to BSE.

CIL board approves signing FSA with power cos without PPAs

A power purchasing agreement (PPA) is signed between a power producer and a buyer usually a electricity distribution company.

CIL to pay 40% penalty for shortfall in supply to power cos

Coal India board on Tuesday agreed to a hefty penalty of up to 40 percent if it fails to supply the committed quantity of the fuel to power firms, paving the way for signing new FSAs with electricity producers.

Coal India board to meet tomorrow

The Coal India Board meeting, held on March 22 had remained inconclusive.

CIL board to meet next week for new fuel supply pact

Against the backdrop of the PMO asking it to ensure adequate fuel to the power sector, the board of CIL on Thursday had detailed discussions about the modifications needed in clauses of fuel supply agreement (FSA).

UK-based fund threatens legal action against CIL board

The hedge fund, headquartered in London, is one of the shareholders of the Coal India Limited (CIL).

Coal India board approves interim dividend

Shares of CIL closed at Rs 336.15 apiece, up 0.39 percent from the previous close, on the BSE.