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Govt relaxes rules for Coal India to ease coal-bed methane extraction

 The Cabinet today relaxed rules for state-owned Coal India Ltd for extraction of natural gas lying below coal seams in its blocks in a bid to quickly boost production. Till now, Coal India Ltd had to apply to oil ministry for a licence to extract coal-bed methane (CBM) from its coal blocks. Now, the world's largest coal producer does not need such a permission. The Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved an amendment to the November 2015 regulations issued by the Ministry of Petroleum & Natural Gas under Section 12 of the Oil Fields (Regulation and Development) Act, 1948 (ORD Act, 1948). "Due to this amendment relaxation is granted under the Petroleum & Natural Gas Rules 1959 (PNG Rules, 1959), to Coal India Ltd (CIL) and its subsidiaries for not applying for grant of licence/lease under the PNG Rules, 1959 for extraction of CBM under their Coal Bearing Areas," an official statement said. Stating that the decision is in line with .
12-04-2018
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After mostly subdued FY18 output, FY19 could be better for Coal India

 The 9.4 per cent production growth at Coal India for the month of March is encouraging, after the subdued output in much of 2017-18. It was helped by higher demand from thermal power plants, which had seen stocks fall to 10 days. Rising electricity demand with the early onset of summer and the coming peak season, coupled with subdued production of hydro power due to low reservoir levels, should ensure the demand for coal remains healthy. Similarly, firm realisation will help offset cost pressure and sustain profitability. In sum, an improved outlook for the government-owned behemoth in FY19. Among the key monitorables, however, is whether Coal India is able to keep up with the pace of demand, say analysts.Price hikes by the company in January also bode well. Analysts at Kotak Institutional Equities say it is likely to see an improvement in realisation due to these, plus an evacuation charge from December of Rs 50 a tonne. The brokerage expects blended coal realisation to increase by ..
10-04-2018
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1 billion tonne coal output: Centre to relax deadline

 Our Bureau The Ministry of Coal is looking at a relaxed timeline for the 1 billion tonne coal production target it had set earlier for Coal India.Spe
05-04-2018
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Shareholding for the Period Ended March 31, 2018

 Coal India Ltd has submitted to BSE the Shareholding Pattern for the Period Ended March 31, 2018. For more details, kindly Click here
04-04-2018
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Compliance With Regulation 40(10) Of SEBI LODR 2015-From 1St Oct 2017 To 31St March' 2018

 Compliance with regulation 40(10) of SEBI LODR 2015-from 1st Oct 2017 to 31st march' 2018
03-04-2018
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Compliance Certificate For The Half Year Ended 31.03.2018-Regulation 7(3) Of SEBI LODR 2015

 Compliance certificate for the half year ended 31.03.2018-Regulation 7(3) of SEBI LODR 2015
03-04-2018
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Statement Of Investor Complaints For The Quarter Ended March 2018

 No.of Investor complaints pending at the beginning of the quarter No.of Investor complaints received during the quarter No.of Investor complaints disposed of during the quarter No.of Investor complaints unresolved at the end of the quarter 101481535 Name of the Signatory :- M ViswanathanDesignation :- Company Secretary and Compliance Officer
03-04-2018
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Provisional Production And Offtake Performance Of CIL And Subsidiary Companies For The Month Of Mar'18 And For April'2017-Mar'18-Amendments In Highlights 2017-18.

 Provisional Production and Offtake Performance of CIL and Subsidiary Companies for the month of Mar'18 and for April'2017-Mar'18-Amendments in Highlights 2017-18.
02-04-2018
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Provisional Production And Offtake Performance Of CIL And Its Subsidiaries Companies For The Month Of Mar 18 And For April17-Mar 18

 Provisional production and offtake performance of CIL and its Subsidiaries companies for the month of Mar 18 and for April17-Mar 18
01-04-2018
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Raising Of Coal Sales Bill On GCV(Kcal/Kg)Basis For Non Coking Coal From 1St April 2018

 Raising of Coal sales bill on GCV(Kcal/kg)basis for non coking coal from 1st April 2018
01-04-2018
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