Coal India to leverage mining expertise for diversification: Centre
Coal India, which accounts for over 80 per cent of the domestic coal production, is eyeing 1 billion tonnes output by 2019-2010-12-2017
10-12-2017
In November, Coal India matches production to offtake
After four months of sustained coal crisis, Coal India could finally push production figures marginally ahead of sales in November. However, that does not mean the company could meet the demand as...04-12-2017
Post wage hike, govt now asks Coal India to ramp up production
Coal India had in October signed a wage agreement with workers' unions proposing 20% hike in salaries for a period of 5 years03-12-2017
Updates
Provisional Production and Offtake of CIL and Subsidiaries for the month of Nov'17 and for Apr'17- Nov'1701-12-2017
After Hours: CIL gains for 4th day; 120 stocks@ 52-week high
As many as 120 securities hit their fresh 52-week highs during the session.29-11-2017
CIL staff protest pay disparity
The CIL board will take a decision on wage revision on Nov 25, where it is expected employees will present their case to Chairman & Managing director Gopal Singh23-11-2017
Coal dispatches from CIL to power sector rise 18% to 39.9 MT in October
The dispatches by the world's largest coal miner rose by 9.6 per cent to 248.9 MT in the April-October period of this financial year over 227 MT in the year-ago period19-11-2017
Broker's call: Coal India (Buy)
HDFC SecuritiesCoal India (Buy)Target 305CMP: 276.20Coal India's second quarter FY18 results were below estimates (EBITDA at 619 crore vs estimated 1,465 crore. The miss was mainly driven by...14-11-2017
Coal India hits record in sales but disappoints on profit
While Coal India's profit in the September quarter fell nearly 40 per cent, it also saw a record in output and sales.Production rose 8.3 per cent to 113 million tonnes from the corresponding quarter a year before. Sales volume rose 13.6 per cent to 131.6 mt. The performance, say company officials, had "never been seen in the recent past" and could also be the best ever.During August and September, coal supplies to power plants grew by 20 per cent and 21 per cent, respectively, from the same months last year. Supplies to NTPC the largest client, and its joint ventures grew nine per cent. The rise during the quarter was to 38.4 mt, against 35.2 mt during the same quarter last year. "We stepped up production owing to high demand for thermal coal and improved average (rail) rake loading per day by seven per cent, beside despatching through road," said a company official. Average daily loading of rakes in the quarter was 208.8, from 195.2 in July-September last year. This was in the wake .13-11-2017