Bigul

Green clearance, Law & Order problems delay 89% Coal India projects

As many as 89 projects of Coal India are running behind schedule due to reasons such as delay in green clearances and law and order problems, the world's largest coal miner said in a report. Of the 89 delayed projects, 62 are mining projects and 27 are non-mining projects, Coal India (CIL) said in the report. Coal India has ambitious target of raising its annual production to 1 billion tonnes by 2020 from around 550 million tonnes at present. "Out of 120 (mining) coal projects, 58 projects are running on schedule and 62 are delayed," the PSU said. Of the 62 delayed mining projects, 34 are running behind the schedule on account of delays in getting forestry clearances and 17 are delayed because of land acquisition and associated R&R issues. "In addition, seven projects are running behind the schedule due to delay or discontinuance of work or non- participation in tender by contractor, one project due to law and order problem and three projects due to lack .
06-09-2017
Bigul

Pressure on Coal India stock to ease

Analsysts see sustained rise in price on higher production
05-09-2017
Bigul

Updates

In terms of provisions of the SEBI(LODR) Regulations 2015, this is to inform that the company's representatives would be attending the Investor's conference in Mumbai organized by Motilal Oswal Financial Services Ltd on Sept 5 '2017. This is for your information and records please.
05-09-2017
Bigul

Why Coal India failed to sign a wage agreement with 4 trade unions

Three points of disagreement with employee unions led to government-owned Coal India being unable to sign a wage agreement last week with its four central trade unions.Management and unions are to now meet in Kolkata on September 18-19 to take up the points of contention.One of the three issues of disagreeement is on benefits to workers' dependents. Another is Coal India's aim to keep its mines operating through the week. A third is on monetary benefits for contractual workers. Union leaders blamed the Union coal ministry, for allegedly compelling Coal India to include "unacceptable terms" in the talks.After reaching an accord on the late night of August 25, the formal agreement was to be signed on August 31, the day Sutirtha Bhattacharya retired as chairman. On August 30, senior company officials met the coal ministry in Delhi for a review meeting.Union leaders, who claim to have knowledge on the matter, say Union coal and power minister Piyush Goyal pushed at the meeting for...
04-09-2017
Bigul

Coal India sets up Control Cell to monitor critical stocks situation

The monitoring plan aims at coordination with railways, power utilities, independent power producers
04-09-2017
Bigul

Coal India Rules Out Privatisation, Says No Coal Shortage

Coal India is fully capable to fulfill the coal demand in India, interim Managing Director Gopal Singh said.
03-09-2017

Coal India reverses output drop as power plant stockpiles plunge

Coal India reported the first increase in monthly production on a year-on-year basis in 5 months after power plant inventories plunged and the miner's own stockpiles declined
02-09-2017
Bigul

Updates

Provisional Production and offtake of CIL and Subsidiaries for the month of Aug'17 and for Apr'17-Aug'17
01-09-2017
Bigul

Updates

Appointment of CMD of Coal India Limited
01-09-2017
Bigul

Updates

Appointment of CMD of Coal India Limited
01-09-2017
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