Mayuresh Joshi on why you should hold on to Coal India stocks
It is not too negative for Coal India over the medium to long term, says the Angel Broking fund manager.21-02-2018
21-02-2018
Coal India's foreign dreams lose steam in bid to fuel domestic demand
With Coal India now prioritising availability of thermal coal to the power plants by streamlining both its road and rail supply network, its plans of acquiring a 20-25 per cent stake in an Australian firm which could have ensured steady procurement of coking coal, has been put on the backburner.Apart from prioritising steady production across its mines, the company is now closely coordinating with Railways to make 288 rakes available each day for supply of the black diamond to the power plants - an exercise which is the top priority now. Towards the end of the last year, resulting from dearth of railway rake availability, coal stocks with the power plants hit rock bottom spiralling the energy sector into a crisis. Thenceforward, Coal India had to step up despatches on a war footing.An official told Business Standard that coordination with the railways for steady despatches to the power sector would ensure that instance doesn't repeat in the future. It has now drawn up a mine-wise...17-02-2018
Coal output to be ramped up shortly, says power minister Piyush Goyal
A surplus coal output in the wake of muted demand from power plants had last year forced Coal India to slow down production, leading to an unexpected shortage after demand picked up from power stations14-02-2018
Announcement under Regulation 30 (LODR)-Updates
Newspaper publications of Unaudited Financial Results of Coal India Limited-(Standalone & Consolidated for the 3rd Quarter and Nine months ended 31st Dec'201712-02-2018
Coal India Q3 net up 4% at Rs 3,004 cr
Coal India Ltd (CIL) today reported a 4.21 per cent increase in its consolidated net profit at Rs 3,004.79 crore for the quarter ended December 2017. The company had posted a net profit of10-02-2018
Coal India sales to power sector rise 6%
Coal India supplied 371.8 million tonnes of coal to the power sector in the last 10 months ending January, up 6.8% from the corresponding period last year08-02-2018
Coal India sales reach record as power plants boost inventories
Coal India has increased output year-on-year every month since August, helping power plants, its biggest customers, replenish their inventories02-02-2018
Updates
Provisional Production and Offtake Performance of CIL and Subsidiaries Companies for the month of Jan'18 and for Apr' l7-Jan'18.01-02-2018
NOTICE FOR BOARD MEETING FOR THE 3Rd QUARTER AND NINE MONTHS ENDED DECEMBER 31, 2017
Pursuant to Regulations 29, 33 and 47 of SEBI (LODR) Regulations 2015 notice is hereby given that a meeting of Board of Directors of Coal India Limited will be held on Saturday, the 10th February'18 inter-alia to consider, approve and take on record Unaudited Quarterly Results of the Company (Standalone & Consolidated) for the 3rd Quarter and Nine months ended 31st December'2017....01-02-2018
Change in Directorate
Appointment of Shri Ram Prakash Srivastava as Director(Personnel), CIL31-01-2018