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At 42.72 mt, Coal India hits 99% of June output target

At 42.72 mt, Coal India hits 99% of June output target

 Coal India, one of the largest global coal miners, has achieved production of 42.72 million tonnes in June as against a target of 43.31 mt for the month.

 Will not cut govt stake in power PSUs below 51%: Piyush Goyal

Will not cut govt stake in power PSUs below 51%: Piyush Goyal

Supporting Finance Ministry's disinvestment plan for public sector undertakings, Union Minister Piyush Goyal has said his ministry will not reduce the government's stake in power sector PSUs below 51 percent.

Power tariff likely to increase after increase in prices of Coal India

Power tariff likely to increase after increase in prices of Coal India

Power tariff likely to increase after increase in prices of Coal India. Watch complete news story of Buzzing News and stay updated with the latest trends and statistics in the stock market, commodity market and share market!

With implementation of UDAY scheme, power and coal demand will grow: Coal Secretary Anil Swarup

Anil Swarup, Coal Secretary India, discusses in detail how the ministry managed to achieve an extraordinary turnaround for Coal India when it was facing a serious production crisis of its lifetime. He also believes that power and coal demand will grow soon, subsequent to implementation of UDAY scheme

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.

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.