Niti Aayog suggests revisiting 'lofty' coal output target on weak demand
Panel also proposed splitting Coal India's 7 units into independent companies to improve efficiency28-06-2017
28-06-2017
COAL India's trade unions in pursuit of global exposure
Firm's largest union is attending summit in Geneva in bid to improvise organisational capabilities17-06-2017
PESB rejects all candidates for Coal India chairmanship
The Public Enterprises Selection Board (PESB) on Friday rejected the entire panel of six shortlisted candidates for chairmanship of Coal India Ltd (CIL). PSEB's decision triggered speculation that...16-06-2017
Company news
Coal India's subsidiary Western Coalfields has received environmental clearance to hike capacity of its Ghonsa mine in Maharashtra to 6 lakh tonnes per annum (tpa) from 4.5 lakh tpa, at a cost of...16-06-2017
Steel Ministry asks Coal India to set up more washeries
Move can reduce coking coal imports15-06-2017
Coal India plans JV with Paradip Port
State-owned Coal India is planning joint venture with government-controlled Paradip Port to sell blended coal as per consumer's requirement for better value realisation.CIL offers source-specific...13-06-2017
Coal India: Near-term concerns cloud earnings outlook
Rising costs and downgrades of its mines coupled with weak quarterly performance saw the Coal India stock hit its 52-week lows recently. The key concern for the Street is about rising employee costs due to ongoing wage negotiations. Even though Coal India has been provisioning for wage revisions, Street feels that the actual rise may be larger. Added to this is higher cost related to gratuity payments. The proposed amendment by the government towards doubling the gratuity limit to Rs 2 million would put additional one-time burden of Rs 4,000 crore on the company's earnings, say Kamlesh Bagmar and Amit Khimesra at Prabhudas Lilladher. Though they add that management expects to neutralise the impact partially through reduction in leave encashment days of executives, the development adds to existing concerns on rising employee costs. Added to all this is uncertainty on impact of mine-degradation. The company has seen grade slippages impacting overall profitability. During March quarter .12-06-2017
Change in Directorate
Appointment of Ms. Reena Sinha Puri, Joint Secretary & Financial Advisor, MoC in the Board of Coal India Limited vice Shri Vivek Bharadwaj w.e.f 9th Jun'1712-06-2017
Scheme to revive stalled power projects soon: Piyush Goyal
NITI Aayog had recently recommended breaking up of Coal India into various subsidiaries. It is not at all advisable and we are not taking up that recommendation at all, Goyal said.11-06-2017
Updates
We refer to your email dated 9th June'2017. Our clarifications are as under:- 'Every year, Subsidiaries of CIL generally undertake an exercise to determine profit/loss making operating mines for comparative study of the performance of such mines over previous years as well as for opening of new mines. Government of India (Ministry of Coal) during the Review Meeting with CIL & its Subsidiaries noted that substantial number of mines...09-06-2017