Coal auction Day 1: Govt garners Rs 2,529 crore from 2 mines

Last Updated: Tuesday, August 11, 2015, 21:10

The first day of third tranche of coal mines auctions Tuesday saw government garnering a total of Rs 2,529 crore from bidding of two blocks in Chhattisgarh and Maharashtra.

Profit making PSUs may be asked to submit IPO plans to govt

Last Updated: Sunday, August 9, 2015, 11:58

Profit-making unlisted PSUs and their subsidiaries may have to submit listing plans while signing annual performance pacts with the government, a move aimed at helping the Centre garner resources and unlocking the value of many state-owned firms.

CIL will invest Rs 13,900 cr to raise output to 908 MT by 2020

Last Updated: Thursday, August 6, 2015, 16:24

State-owned Coal India (CIL) will invest Rs 13,900 crore to take its production to 908 million tonnes (MT) by 2019-20, the government said on Thursday.

CIL ramps up coal evacuation, to procure wagons worth Rs 555cr

Last Updated: Thursday, August 6, 2015, 15:38

The minister further said that the fleet of wagons are for operation of railways and dedicated only for transport of coal from the specified coal subsidiaries and on specific routes.

Coal imports drop by 11% to 19 mn tonnes in July

Last Updated: Tuesday, August 4, 2015, 18:42

Coal imports declined by 11 percent to 19.30 million tonnes (MT) in July 2015 compared to the same month of previous year as higher availability of domestic fuel led power generation firms to defer imports.

Coal imports drop for first time in 15 months

Last Updated: Tuesday, August 4, 2015, 13:10

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

Last Updated: Sunday, August 2, 2015, 14:53

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

Last Updated: Saturday, August 1, 2015, 21:33

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 unit's inefficiency makes it financially unviable: CAG

Last Updated: Thursday, July 30, 2015, 21:05

Coal India's Dankuni Coal Complex (DCC) have not functioned "efficiently" to become financially viable as the unit always operated much below installed capacity, government auditor CAG said today.

Coal India to give up three-fourths of Mozambique mine

Last Updated: Tuesday, July 14, 2015, 21:18

Coal India Africana Limitada, a fully-owned subsidiary of the state-owned firm, was allotted two leasehold licences for extraction of coal of about 224 square kilometre in Tete province of Mozambique.

Like CIL, PSUs can deliver on par with TCS, Infosys: Piyush Goyal

Last Updated: Wednesday, July 8, 2015, 22:16

Better vision and leadership can help state-owned firms to perform on par with top private players like Infosys, Wipro and TCS as has happened with Coal India Ltd which registered 12 percent spurt in output, Coal and Power Minister Piyush Goyal has said.

Eastern arms contribute significantly in CIL 12% output growth

Last Updated: Sunday, July 5, 2015, 15:03

Coal India's Jharkhand-based arm, Central Coalfields, has topped among eight subsidiaries by surpassing output target with production of 12.59 million tonnes in the first three months of the current fiscal.