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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.

Coal India Limited eyes coal mines in South Africa

Coal India Limited eyes coal mines in South Africa

As it gears up to meet 1 billion output target, state-owned CIL is planning to acquire coal mines in South Africa in partnership with local government amid falling prices of assets globally.

Govt asks Coal India to liquidate pithead stock

Govt asks Coal India to liquidate pithead stock

The government is pushing Coal India to liquidate about 40 million tonnes of unsold coal piling up at pitheads of mines.

Govt asks Coal India to meet 550 MT target for current fiscal

Govt asks Coal India to meet 550 MT target for current fiscal

Buoyed by the output growth of 9 percent by CIL, the government has asked the world's largest coal miner to ensure that it meets the target of 550 million tonnes for the current fiscal.

Coal India to invest Rs 57,000 crore in 5 years to boost output

Coal India to invest Rs 57,000 crore in 5 years to boost output

State miner Coal India Ltd. (CIL) has planned a capital investment of Rs.57,000 crore over the next five years to increase production to 908.1 million tons (MT), as part of the company`s target of producing one billion tons of coal by 2020, parliament was informed on Thursday.

CIL to pump in Rs 57K cr in 5 years to ramp up output to 908 MT

The tentative capital investment projection for 2015-16 is Rs 5,990.5 crore.

PM Modi reviews coal mining projects

Enhancing coal output, expediting crucial rail links for evacuation and status of coal mining projects, involving big-ticket investment figured prominently in the review meeting held by Prime Minister Narendra Modi.

Coal India takes IT route to track mining projects

Coal India takes IT route to track mining projects

The world's largest coal miner CIL is planning to put in place a mechanism to monitor execution of mining projects that cost over Rs 150 crore as the PSU behemoth eyes an output of one billion tonnes by 2020.

Coal imports drop for first time in 15 months

Coal imports drop for first time in 15 months

India`s coal imports fell 11 percent to 19.3 million tonnes in July from a year earlier - the sharpest and the first drop in more than a year - as local supplies rose and money losing power generators held up purchases, commodities trader mjunction said.

Govt may import 210 mn tonnes of coal in 2015-16

Seeking to bridge the demand-supply gap, the government is likely to import around 210 million tonnes (MT) of coal in the ongoing fiscal.

CIL achieves 97% of coal output target at 34 MT in July

CIL achieves 97% of coal output target at 34 MT in July

State-owned miner Coal India has produced 34.83 million tonnes (MT) of coal in July which is slightly below the targeted output of 36.04 million tonnes for the month.

CIL may exceed production target by 60 mt this year: Coal secy

Coal India is likely to increase its production by over 60 million tonne in the current financial year on account of measures taken by the state-run firm, a senior government official said Tuesday.

Goverment talks of contingency plan to tackle power woes

"Today, we have stocks which can run these power plants for almost 20-22 days continously...," the minister said, adding that the buffer stock has been built up.
"Power plants are ready to produce more. They have sufficient capacity in the system. Sufficient contingency plans have been drawn up," the minister said.

Infra sector output shrinks 0.4% in April

The growth rate of core sector industries has been declining since November last year. It was 6.7 percent in November 2014, which fell to 2.4 percent in December 2014 and then to 1.8 percent in January and 1.4 percent in February.

Coal India's pithead stock rises to 49 MT

The PSU's pithead stock at the end of FY 2014 fiscal was 46 MT, an official had earlier said.

No power shortage across the country: Piyush Goyal

Union minister of state for power Piyush Goyal said there is sufficient power available across the country, it is for the state’s to purchase and ensure that every village gets electricity.

No power shortage across the country: Piyush Goyal- Part II

Union minister of state for power Piyush Goyal said there is sufficient power available across the country, it is for the state’s to purchase and ensure that every village gets electricity.

Adani signs deals to sell 2/3rd of production from Oz mine

Adani Mining has signed contracts with buyers for selling nearly two-thirds of the coal it plans to produce from Carmichael mine in Australia.

Coal India to invest $20 billion in 5 years: Goyal

State-owned miner Coal India Limited (CIL) will invest USD 20 billion (over Rs 1.27 lakh crore) to increase production to one billion tonne over the next five years, Coal Minister Piyush Goyal said on Friday.

'Set up evacuation mechanism, rail infra for 1 bn tonne coal'

"The Committee notes that CIL has set for itself an ambitious plan of one billion tonne coal production by the year 2020," the Standing Committee on Coal and Steel said.