Outcome of AGM
AGM Proceedings of Coal India Limited for the financial year 2016-1714-09-2017
Volatility in open market power tariff set to reduce with rise in fuel supply: Coal India
With more rakes being despatched, stock position to improve13-09-2017
Coal India nears coking coal asset acquisition in Australia
On the lookout for acquisition of coking coal assets abroad, government-owned Coal India is in an advanced stage of talks with an Australian coal mining company based out of Queensland, where it plans to acquire substantial stake.In this regard, Coal India had floated a closed tender for empanelled merchant bankers, of which PwC and Ernst & Young have shown interest, to carry the transaction forward."The Australian company had asked us to revert after appointing a merchant banker and the tender to select one is in an advanced stage," a senior Coal India official told Business Standard. He said they'd take a "substantial stake", most likely 20-25 per cent at least. A hoc budget of Rs 6,000 crore has been okayed, for now, to take the transaction forward.Without revealing the name of the Australian miner, Coal India sources said the former has six licenses for mining under the application stage and one licence had been granted to it by the Australian authorities.For taking the equity13-09-2017
Coal India may diversify into mining metals
The country's largest miner Coal India may look at diversification of other metals like copper and nickel through overseas mines, its Director (Marketing), SN Prasad, said. According to him, the...12-09-2017
Addendum To Notice Of 43Rd AGM Of Coal India Limited For 2016-17
Addendum to Notice of 43rd AGM of Coal India Limited for 2016-1708-09-2017
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
Pressure on Coal India stock to ease
Analsysts see sustained rise in price on higher production05-09-2017
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
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