Q1 results rescheduled on Sep 11, 2016
Coal India Ltd has informed BSE that the meeting of Board of Directors of the Company which was scheduled to be held on September 09, 2016 inter-alia, to consider, approve and take on record Unaudited Quarterly Financial Results of the Company (Standalone & Consolidated) for the 1st Quarter ended June 30, 2016 will now be held on Sunday, September 11, 2016. (Q1)... Seeing temporary phase of lack of demand for coal: Anil Swarup, Coal Secretary
In an exclusive chat with ET Now, Coal Secretary Anil Swarup said that the government is working on improving coal quality coming from Coal India. Solar, Wind focus has hit low-cost coal-based power production: Partha Bhattacharyya
KOLKATA: The country could have produced an additional 170 billion units of power at around rs 1.75 per unit - the variable cost, if the government went slow on fresh capacity addition projects and instead ramped up capacity utilisation of running thermal power plants. "It could have powered 170 million homes and created additional demand for 120 million tonnes of coal that could help mitigate the present oversupply situation of coal," Partha Bhattacharyya, former Coal India chairman, told reporters at 10th International Coal Markets Conference organised by mjunction on Monday. "The foregoing of thermal power resulting from fall in capacity utilisation from 75 per cent to 62 per cent as a result of displacement by solar and wind power, the cost of which is over Rs 4.25 per unit, places an additional burden of over Rs 42,500 crore on the overall cost of power generation. This is certainly not in sync with the imperatives in a country where affordability needs to remain a key area of focus in the power policy," he said. At present, the country is faced with some 70 million tonnes of stock of which 45 million tonnes are stacked at coal mines while the rest at 25 million tonnes are staked at power plants. Stocks have built up because growth of demand for power has been at a lower rate than anticipated leading to more coal production than could be consumed. Not everyone agrees with Bhattarchayya's views. A senior analyst from one of the Big Four accounting firms, said: "Power from different... Updates
Coal India Ltd has submitted to BSE a copy of provisional production and offtake performance of CIL and Subsidiary companies for the month of August 16 and for April 16- August 16 'Power plants have enough coal to overcome strike'
'Power plants have enough coal to overcome strike'Coal Secretary Anil Swarup said that a team of Coal India officials will visit Bangladesh soon to finalise terms of a possible supply deal. Too much coal, too few takers; government revokes Coal India's 1-bt target
At present total coal stocks has been hovering around 73 million tonnes, of which 28 million tonnes which is enough to produce power non-stop for 21 days. Appointment of Director
Coal India Ltd has informed BSE that Ministry of Coal vide of office order dated August 30, 2016 has appointed Shri. Vivek Bharadwaj, Joint Secretary, MoC vice Shri R.P. Gupta with immediate effect and until further order in the Board of Coal India Limited. Q1 results on Sept 09, 2016
Coal India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 09, 2016, inter alia, to consider, approve and take on record Un-Audited Quarterly Financial Results of the Company (Standalone & Consolidated) for the 1st Quarter ended June 30, 2016 (Q1).Pursuant to this, Company has decided to close "Trading Window" under "Code of Internal Procedures and Conduct for Prevention of Insider Trading... Buy back Offer
Coal India Ltd has submitted to BSE a copy of Public Announcement ("PA") to the Equity Shareholders/ beneficial owners of Equity Shares of Coal India Ltd ("Tagret Company") for Buyback of Equity Shares through Tender Offer. Talcher Coalfields hit by 48-hour economic blockade called by BJD
The 2.2 lakh tonne per day Talcher Coalfields of Coal India in Odisha has been closed since Monday morning due to a 48-hour economic blockade spearheaded by the ruling BJD MLA, according to sources.T...