177 mines of Coal India downgraded on quality concerns
Coal Controller's Organization has downgraded 177 of Coal India's 413 mines, potentially impairing the monopoly miner's profitability17-04-2017
17-04-2017
Coal India trade unions fear wage revision delay as board member terminated
Unions have demanded a 50% hike while Coal India is yet to decide on the minimum hike15-04-2017
After dull FY17, Coal India set to shine in FY18
Improving volume trends, price hikes and higher realisations should boost FY18 performance08-04-2017
Complaints on quality of SECL coal
Coal India’s largest subsidiary South Eastern Coalfields Limited (SECL) says it is taking steps to improve the quality of its coal, after it received 55 complaints from power generation companies — including Jindal Power Limited (JPL), NTPC Ltd and GMR Warora Energy Limited (GWEL) — regarding poor quality of coal supply between April 2016 and September 2016. Issues were identified with coal from Kusmunda, Gevra, Raigarh and Bishrampur. The complaints had come from Jindal Power, NTPC and MSPGCL, DCM Shriram among others. SECL said that the steps in progress to address the issue include revision of mine and siding grades, and third party sampling of coal quality. SECL is facing multiple challenges in land acquisition for new projects, and forest clearances and environment clearances delaying existing projects. This has limited its ability to boost production without compromising quality. Overmining and overuse of degraded sidings and mines impact the resulting coal. Issues of rehabilitation and resettlement have plagued Coal India throughout the past year, with protests in states like Odisha affecting production at Mahanadi Coalfields, CIL's coal producing subsidiary. Coal India's share price is near its year low, due to misses in production and offtake targets.07-04-2017
Coal India actively looking to invest in coal assets in Australia
Coal India has also asked Mozambique if it can explore for coal in a new area06-04-2017
Statement Of Investor Complaints For The Quarter Ended 31St March'2017
Statement of Investor Complaints for the Quarter ended 31st March'201706-04-2017
Coal India is planning on acquiring coking coal assets in Australia
Coal India Ltd is actively looking to acquire coking coal assets in Australia, a senior company official told Reuters, as it looks to beef up its assets abroad. India's coal minister Piyush Goyal said previously that Coal India's plan to acquire international coking coal assets was driven by the lack of local technology in India to develop local reserves. Assets abroad may consequently be more profitable for the company, as the ecosystem in these countries to develop coking coal is more mature. The US economy has grown friendlier to coal after the Trump election, with the government rolling back most of the Obama-era clean fuel provisions. Coal India listed the United States, Columbia, Canada and Indonesia as potential destinations for investment earlier this year. Coal India has been struggling in FY17, with its share price trending below all SMAs - it has missed its annual production target by 44.48 tonnes, and has missed its off-take target by 55.45 million tonnes.06-04-2017
Compliance Certificate For The Half Year Ended 31.03.2017 Under Regulation 7(3)
Compliance Certificate for the Half Year ended 31.03.2017 under Regulation 7(3)05-04-2017
Coal India misses annual production target by 44.48 million tonnes
It also missed off-take target for 2016-17 by 55.45 million tonnes03-04-2017
Updates
Provisional Production and Offtake Performance of CIL and Subsidiaries for the month of March 17 and April 16 to March 1703-04-2017