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2 JVs to be formed for revival of Talcher urea plant in Odisha

Last Updated: Tuesday, August 19, 2014, 16:02

The plant will have a capacity of 1.2 million tonnes per annum.

Make action plan to improve output from UG mines: CoalMin to CIL

Last Updated: Monday, August 18, 2014, 18:03

With CIL just producing 37 million tonnes (MT) of coal from its 237 underground mines, the Coal Ministry has asked the PSU for a detailed subsidiary wise action plan for improving the output from these blocks.

SAIL-RINL-NMDC to form SPV to buy Rio Tinto Mozambique assets

Last Updated: Sunday, August 17, 2014, 21:26

Consortium members of International Coal Ventures Ltd - SAIL, RINL and NMDC - will form a special purpose vehicle to buy Rio Tinto's Mozambique coal mines as other partners NTPC and Coal India are not keen on taking part in ICVL's maiden deal announced last month.

Govt to sell 10% stake in Coal India: Piyush Goyal

Last Updated: Thursday, August 14, 2014, 19:01

India plans to sell a 10 percent stake in state-owned Coal India Ltd, Power and Coal Minister Piyush Goyal said on Thursday. This will make it one of the many divestments proposed by the new government to bolster its stressed finances.

Coal India Q1 Net up 8%; board takes view on e-auction issue

Last Updated: Tuesday, August 12, 2014, 20:54

World's largest coal miner Coal India Ltd Tuesday reported a 8.1 percent rise in net profit at Rs 4,033.28 crore on consolidated basis for the first quarter ended June 30, 2014.

Govt cancels auction of 3 coal blocks: Goyal

Last Updated: Thursday, August 07, 2014, 15:24

Of three blocks two are in Jharkhand and one is in West Bengal.

Coal India to cut e-auctions by 50%

Last Updated: Thursday, August 07, 2014, 00:00

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.

Goyal asks CIL for action plan to augment output by 150 MT

Last Updated: Tuesday, August 05, 2014, 20:46

Coal and Power Minister Piyush Goyal has directed state-owned CIL and its subsidiaries to submit an immediate action plan to augment their output by 150 million tonnes (MT) within a year.

Coal India misses output target in July

Last Updated: Monday, August 04, 2014, 14:28

The development comes at a time when the Maharatna firm is drawing flak from across the quarters for missing its output targets.

Some Coal India mines may be run by foreign firms: Goyal

Last Updated: Thursday, July 31, 2014, 19:48

Goyal said that the government had approved 15 projects for Coal India, with total combined annual capacity of 136 million tonnes.

Action initiated to fill CIL's CMD post at earliest: Goyal

Last Updated: Thursday, July 31, 2014, 15:22

The CMD's post has been lying vacant at CIL since the resignation of Narsing Rao in June.

CoalMin to review status of formation of JV, SPV next week

Last Updated: Tuesday, July 29, 2014, 12:31

The Coal Ministry had earlier asked states to advise the companies that have been allocated mines to either form SPVs or JVs for projects.