Annual report for Coal India Ltd. for FY-2017
29-05-2017
Coal India's April coal despatch grows 6% to 45 mn tonnes
State-owned firm eyeing to achieve a production target of 1 billion tonnes by 202028-05-2017
Coal India wins tax-cut boost as environmentalists fret
The world's third-largest greenhouse gas emitting country said last Friday it would lower the duty on domestic coal from July 1 and impose a new 18 percent tax on solar cells and modules as part of a broader tax overhaul.26-05-2017
NOTICE FOR BOARD MEETING / DECLARATION OF FINAL DIVIDEND 2016-17, IF ANY.
Notice is hereby given that a meeting of Board of Directors of Coal India Limited will be held on Monday, the 29th May'17 inter-alia to consider, approve and take on record Audited Financial Results of the Company (Standalone & Consolidated) for the 4th Quarter and for the entire financial year 2016-17 and recommend payment of Final Dividend for the financial year 2016-17, if any. Further, in terms of SEBI (Prohibition of Insider Trading) Regulations,...18-05-2017
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If you are a long term investor with a horizon of three to four years, then one should go for Coal India17-05-2017
NITI Aayog: Coal to be India's energy mainstay for next 30 years
Coal will remain India's main energy source for the next three decades although its share will gradually fall as the country pushes renewable power generation, according to a government report seen by Reuters.16-05-2017
Coal India hopes for export deal with Bangladesh this year
State-owned Coal India hopes to conclude an agreement with the government of Bangladesh this year, to start export of coal to that country.Demand for thermal coal recently began picking up but Coal India still has a 69 million tonne (mt) stock as carryover from yesteryear's production. Its officials are now eyeing the South Asian region, to clear the stock and for future contracts.Bangladesh is an immediate consideration, as thermal power giant NTPC, largest client of Coal India, has entered the country by setting up an Bangladesh India Friendship Power Company (BIFPC). This is a 50:50 joint venture (JV) between NTPC and the Bangladesh Power Development Board (BPDB), to construct two 660 Mw coal-based units at Khulna, for an estimated cost of $2 billion. To finance this JV, India's Exim Bank will provide a $1.6-bn loan. Bharat Heavy Electricals, another Indian government-owned entity, was awarded the contract to construct these power plants. With these developments, Coal India seems ..09-05-2017
Coal India considers listing on London Stock Exchange
A listing by the state-controlled miner would be a boost for the LSE as it looks to attract companies following Britain's vote to leave the European Union.05-05-2017
Coal India devises strategy to stave off impact due to mine grade revision
Coal India may consider revising coal prices this year in case sales volume doesn't pick up to compensate for the revenue loss arising out of grade revision of its 177 mines.A senior company official said while the company had suffered poor sales in the last fiscal year as sales volume grew only 1.6 per cent cent at 543.16 million tonne (mt) against the targeted 8.8 per on account of lower than estimated power demand, the situation is gradually improving now and Coal India is likely to meet its offtake targets in the coming months."We expect sales volume to pick up in the coming months which will make up for the revenue revision arising out of grade adjustment of the mines. In case volume doesn't pick up, then we may consider revising the coal prices to make up for revenue", the official told Business Standard.However, the current demand condition, as per the official, will not call for an immediate hike in coal prices.Recently, the Coal Controller Organization had inspected 871...04-05-2017