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CIL declares dividend of 290%, Centre to get Rs 16,485 cr

Last Updated: Tuesday, January 14, 2014, 17:32

State-owned Coal India Ltd Tuesday declared an interim dividend of Rs 29 per share amounting to Rs 18,317 crore, or a record 290 percent, for 2013-14, helping the Centre garner about Rs 16,485 crore.

CIL to pay special dividend if stake sale fails: Mayaram

Last Updated: Wednesday, January 08, 2014, 12:12

Coal India will have to dole out a special dividend if it fails to go ahead with the government's disinvestment plan, which is expected to yield about Rs 9,000 crore to the exchequer.

Coal India union seeks meeting to discuss demands

Last Updated: Thursday, October 31, 2013, 21:49

Ahead of a proposed strike by Coal India workers against a stake sale by the government, one of the five trade unions Thursday said it has written to Chairman S Narsing Rao seeking a meeting to discuss demands.

Coal India stake sale likely this year: Govt

Last Updated: Monday, October 28, 2013, 15:43

The five percent stake sale in state miner Coal India (CIL) is likely to take place by the end of this year, Coal Minister Sriprakash Jaiswal said Monday.

Coal India stake sale: Roadshow in London and US from today

Last Updated: Monday, October 21, 2013, 09:39

With an aim to woo foreign investor for further 5 percent stake sale in Coal India Limited, the Department of Disinvestment is likely to embark on eight-day roadshow in London and the United States.

Roadshow for Coal India stake sale likely from Monday

Last Updated: Sunday, October 20, 2013, 11:34

The Department of Disinvestment is likely to embark on eight-day roadshow in London and some cities in the US from Monday to woo foreign investors for further 5 percent stake sale in Coal India Ltd.

Coal India, trade unions to meet on Sep 11 on stake sale issue

Last Updated: Friday, September 06, 2013, 15:26

The government is likely to clear by next week appointment of legal advisors to manage the disinvestment of 5 percent stake in (CIL).

CIL disinvestment: Govt may appoint 2 legal advisors next week

Last Updated: Thursday, September 05, 2013, 16:08

The government is likely to clear by next week appointment of legal advisors to manage the disinvestment of 5 percent stake in Coal India (CIL).

Govt selects 7 merchant bankers for Coal India stake sale

Last Updated: Thursday, August 29, 2013, 17:31

Goldman Sachs, Credit Suisse, Deutsche Bank and SBI Capital Markets are among seven merchant bankers selected to manage the government's disinvestment of a 5 percent stake in Coal India (CIL).

Report on Coal India restructuring likely by December

Last Updated: Sunday, August 11, 2013, 12:53

The government, keen to increase coal production in the country, is in the process of selecting a consultant for a study on restructuring state-run Coal India (CIL) and expects to receive its report by December.

Govt to sell 5% stake in CIL, to fetch Rs 8,400 cr

Last Updated: Thursday, August 08, 2013, 14:57

The government will sell 5 percent stake in Coal India through the auction route to garner over Rs 8,400 crore to the exchequer and has initiated the process of appointment of merchant bankers for the same.

SC dismisses plea against Coal India disinvestment

Last Updated: Monday, August 05, 2013, 22:00

The Supreme Court Monday dismissed a petition seeking quashing of 10 percent disinvestment of Coal India Limited in 2010, saying it would not invoke its power of judicial review unless the disinvestment policy was non-transparent.