Updates
Appointment of Non-official Part-time Director on the Board of CIL06-10-2017
Rebounding volumes signal recovery for Coal India
Volume growth in September and rising e-auction premiums improve earnings outlook06-10-2017
Coal shortages are back: Low productivity of CIL haunts sector
Even as the government gets ready for commercial auction of mines, the low productivity of Coal India haunts the sector03-10-2017
Updates
Provisional Production and Offtake Performance of CIL and Subsidiary Companies for the month of Sep'17 and for Apr' 17-Sep'17.03-10-2017
CIL to invest Rs 15,000 cr in FY18 for capex, other projects
CIL, which accounts for over 80% of the domestic coal production, is eyeing an output of 1 billion tonnes by 202001-10-2017
Coal India looking to buy metal mines abroad
Coal India plans to form two units: one to manage its local mining of iron ore, bauxite and manganese, and another to expand into copper and nickel mining overseas30-09-2017
Coal India mulls entering minerals mining
World's largest coal miner Coal India is considering a proposal to diversify into mining of minerals like bauxite and iron ore as the company seeks to reduce dependence on mining of the dry fuel, an...29-09-2017
Coal India slips ahead of INTUC strike on Oct 6
The scrip touched its fresh 52-week high of Rs 337.30 on November 10, 2016 and its 52-week low of Rs 234 on August 11,2017.27-09-2017
Coal India (CIL) continues to dive on penalty fears
Mahanadi Coalfields, a Coal India arm, is staring at a Rs. 22,000 crore penalty in the face after the Supreme Court said that all mineral production carried out in violation of environmental laws is illegal. The Court has ordered the Odisha government to recover the value of all minerals produced illegally, or in excess of caps under environment, forest laws, pollution control rules and mining plans. Overproduction by Mahanadi Coalfields in Odisha is the cause for the penalty. The share price for CIL has been falling since the news. Issues of overproduction, pollution and quality of coal have been plaguing Coal India over the last several months. The company's coal on average, contains 45% ash, far in excess of the 25-30% that is ideal for efficiently burning fuel in thermal power stations. CIL has largely failed to invest in coal washing and similar techniques needed for cleaner coal burning. The total compensation to be forked out by mining companies including Tata Steel and GMR in Odisha could well go beyond Rs 50,000 crore according to estimates. Tata Steel's chromite mining in Odisha also attracted popular anger, due to the pollution in the region, and Odisha's Sukinda valley was in the past identified as the fourth most polluted place in the world due to contamination of its soil and water from chromite mining.20-09-2017