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CIL may miss output target by 20 MT this fiscal: Coal Secy

State-owned Coal India is likely to miss the production target by 20 MT and may end up producing up to 578 million tonnes this fiscal due to a string of issues, including evacuation and demand-supply, a top official has said. The world's largest miner is aiming to ramp up its output to 1 billion tonnes by 2020. "CIL may miss (production target) by 20 million tonnes (MT) and it (the output) should be between 570-578 MT," Coal Secretary Susheel Kumar told PTI. The PSU has set a target of 598 MT production in 2016-17. "Coal India is trying to meet their production target. It has promised me that it will try its best to meet the target and it is geared up," the Secretary said. Coal India, he said, may not be able to meet the target as the PSU is facing a lot of issues. In Mahanadi Coalfields Ltd (a Coal India arm) there were serious problems like resettlement and rehabilitation (R&R). "There are problems also. Now that I have visited MCL (Mahanadi Coalfields Ltd), WCL (Western
12-03-2017
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Coal India Arm Not To Proceed With Rs 1,002 Crore Buyback Plan

Central Coalfields Ltd (CCL)-- the Coal India arm -- had a few days back approved a share buyback plan worth Rs 1,001.88 crore.
11-03-2017
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Outcome of Board Meeting

Outcome of the Board Meeting of Coal India Limited
11-03-2017
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Updates

Outcome of the Board Meeting of our wholly-owned subsidiary, namely, Central Coalfields Limited
11-03-2017
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Updates

Investors Meet
10-03-2017
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Updates

Outcome of the Board Meeting of our wholly-owned subsidiary, namely, South Eastern Coalfields Limited
10-03-2017
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Updates

Outcome of the Board Meeting of our wholly-owned subsidiary, namely, South Eastern Coalfields Limited
10-03-2017
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Updates

Outcome of the Board Meeting of our wholly-owned subsidiary, namely, Mahanadi Coalfields Limited
10-03-2017
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Updates

Outcome of the Board Meeting of our wholly-owned subsidiary, namely, Northern Coalfields Limited
10-03-2017
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Coking coal valuation tricky for Coal India's foreign ambition

In its move to secure steady coking coal supply for the steel sector which is stressed with price volatility, world's largest coal company, Coal India, is likely to face challenges in valuation of the assets it wants to either acquire or opt for an offtake commitment.According to analysts, coking coal prices have doubled at $ 160 a tonne since the last year resulting in the existing assets being overvalued."At this juncture, when coking coal assets' valuations have shot up substantially, valuating them for acquisition or partnership will be very tricky", an analyst with Motilal Oswal said.In its venture of acquiring coal assets abroad through its subsidiary, Coal Videsh, the company has two choices.A company official said that Coal Videsh can either opt for an outright acquisition of existing and operational assets which will reduce the risk associated with allocation and eventual exploration of coal reserves or opt for partnership with operational firms."Acquisition will call for an .
09-03-2017
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