Solar Inds climbs 4% on bagging Coal India deal
Promoters held 73.15 per cent stake in the company as of September 2017.02-11-2017
02-11-2017
Coal ministry prioritises turning Coal India into a 'clean' company
In its quest to emerge as a cleaner company, the coal ministry has prioritized development and adoption of clean coal technologies like coal to liquid, coal to polychemicals and others besides other priorities.A statement issued by Coal India, quoted coal secretary Susheel Kumar, as stating that the ministry has emphasized on environmental management and responsible mining, quality of the product and safety of the labourers working in the mines as the other priority areas for the company.The official was in the city to attend the 43rd Foundation Day of Coal India.The statement issued noted that the grade slippage between promised quality and delivered quality, which has been one of the key concerns of the coal consumers across segments, will be dealt with while the company will also ensure that environmental norms and workers' safety procedures are followed diligently. Optimistic about Coal India generating better profits in the future as coal demand goes up, Kumar said that Coal...01-11-2017
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 India01-11-2017
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....30-10-2017
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 MT29-10-2017
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...24-10-2017
Coal reserves down at power plants despite CIL raising output
Coal India accounts for a little over 80% of thermal coal sales in the country24-10-2017
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...19-10-2017
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 Dec16-10-2017
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 tonnes16-10-2017