Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Life Insurance Corporation of India NOTICE FOR BOARD MEETING FOR THE 2Nd QUARTER ENDED SEPTEMBER 30, 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 11th November'17 inter-alia to consider, approve and take on record Unaudited Quarterly Results of the Company (Standalone & Consolidated) for the 2nd Quarter ended 30th September' 2017.... Centre asks CIL to ramp up coal output to meet robust demand,
The firm will now despatch 2 million tonnes per day against 1.6 MT CCL dispatch increases 24.5%
Central Coalfields Ltd, a subsidiary of Coal India Ltd witnessed growth of 24.5 per cent in coal dispatch to 32.4 million tonnes from April to September this year, as against the 26 million tonnes... Coal reserves down at power plants despite CIL raising output
Coal India accounts for a little over 80% of thermal coal sales in the country Coal India may consider price hike if unable to contain operational costs
Faced with the burden of an additional cash outflow of atleast Rs. 5,600 every year on account of wage revision, Coal India may eventually hike coal prices to maintain its profit margin. It may happen in case the Maharatna company is not able to curtail its operating costs.Although an immediate price hike isn't under consideration, senior company officials are of the view that first, they need to curtail operating short-term and mid-term costs like closure of loss making mines, offering voluntary retirement scheme to curtail direct employees and opt for mine mechanisation."Eventually, if these doesn't help to maintain margins and in case global coal prices starts going up to touch, say, $ 100 a tonne, we may have to opt for a price correction", a senior company official told Business Standard.After a prolonged sluggish period, coal prices are currently hovering around $ 91 a tonne.Wages and other employee benefit expenses account for 48 per cent of the total cost overhead of the... RE-Invest 2015 principal sponsors NTPC, Coal India far behind solar-power targets
Private-sector peers not doing too well either; RE-Invest 2017 to be held in Dec Coal Secy blames power plants for low coal stocks
Asserting that there was no shortage of coal, the coal secretary said that pit head stock of Coal India as on October 10 was at 30.3 million tonnes Govt reviews power purchase bid rules
The committee set up to recommend changes in the bidding guidelines for power projects would now build upon the SHAKTI scheme to help stranded assets get both coal supply and power sale contracts.Close to 16,000 Mw of coal-based power projects in India neither have coal supply or a power purchase agreement (PPA) with any state. Of this, 6,250 Mw is installed and 9,854 Mw was under construction as on August.The committee is chaired by Pratyush Sinha, former central vigilance commissioner. "SHAKTI allows power units to get a medium-term PPA and coal supply for the same period or more, open for extension. The committee is looking to adopt a similar methodology in case-1 bidding of power projects," said an official.Under SHAKTI (Scheme for Harnessing and Allocating Koyla Transparently in India), government-owned Coal India offers assured coal supply to units through bidding. The units have to quote the discount in their power rates that they would offer after getting cheaper coal from... Coal India plans for a liberalised regime
More focus on long-term supply and diversification