Coal India identifies 476 mines for closure
Coal India has identified 476 mines for closure and a mine closure plan has been prepared and approved for 445 mines till July 31, Piyush Goyal, Minister of State (Independent Charge) for Power, Coal... Coal India to produce 71.7 mt coking coal by FY20
The enhancement in domestic production of coking coal is envisaged to reduce coking coal imports. CIL plans cashless hospitalisation for all its employees
KOLKATA: Coal India plans to put in place a massive health database and cashless hospitalisation system for its 6.5lakh employees and former employees. It will help the company manage its medical benefit system better. Individuals would be handed over smart cards that will carry their health history as well as their balance medical benefit entitlement, which when presented at hospitals will act as cashless card and allow doctors to access their past medical history. "To start with, we are introducing the system for retired officers, about 8,000 in number. They have a medical treatment limit of Rs25 lakh per person. Their existing database would first be uploaded manually. This data would be linked to a cashless smart card that would hold their medical history as well as entitlement," said R Mohan Das, director -personnel at Coal India. "Once they walk into any Coal India-enlisted hospitals, the hospital authorities will have access to his medical history, which would help them in treatment. The hospitals would also know how much entitlement is due for the patient," he said. This would be followed up by officers at Coal India -some 20,000 in number. For officers, there are no limits on entitlement, but the card will hold their medical history, which would help in diagnosis. It will also ease the process of admission to hospitals in the case of an emergency or otherwise. "Next workers, both existing and retired, would be covered. At present there are some three lakh workmen and another three lakh retired workmen of Coal India.Retired workers... Buy Coal India Ltd., target Rs 350.0 : Chandan Taparia
Buy Coal India Ltd. at a price target of Rs 350.0 and a stop loss at Rs 326.0 from entry point Change in Directorate
Coal India Ltd has informed BSE that Ministry of Coal vide office order dated August 05, 2016 has appointed Shri R. F. Gupta, Joint Secretary, MoC and Shri Rajesh Kumar Sinha, Joint Secretary, MoC as part time Director with immediate effect and until further orders vice Dr. A. K. Dubey and Smt. Sujata Prasad in the Board of Coal India Limited. Coal India sells linkages worth 18 mt
Coal India ended up selling most of the linkages offered to captive power producers. Linkages are long term assurance for supplies. According to a company spokesperson, at the end of the eight day... Buy Coal India Ltd., target Rs 326.0 : Motilal Oswal Securities
The stock trades at ~7x FY18E EV/EBITDA (ex-OBR). Valuations are attractive in view of bottom of the cycle coal prices and strong volume growth Global coal prices surge 20% as China, Indonesia reduce output
KOLKATA: Global coal prices are on the rise again after remaining subdued for several months. Since June end, coal prices have risen almost 20%, or about $10 per tonne on an average. Analysts attributed the rise in prices to reduced supplies from Indonesia and cut in production at Chinese mines. The development would help Coal India push its excess coal to companies that have been importing them so far, as the price difference between domestic and imported coal has widened. China has decided to reduce its annual coal production to 3.6 billion tonnes from 4 billion, an industry analyst said. "The country has also clamped down on illegal mines following recent accidents that has also increased demand for the fuel in the global market. They have also cut down production due to safety issues at mines," the person said. China's production cut of 400 million tonnes is almost 80% of Coal India's total production. Indonesia, too, has decided to reduce production by some 50 million tonnes since there was a decline in demand last year. It has also decided to use larger volumes of coal internally. Coal India to supply blended fuel for import substitution at thermal plants
"It will allow users to get assured supply of the mixed volume of coal for a year with the ability to pick up the coal whenever needed," he said. Provisional Production and Offtake Performance of CIL & its Subsidiary Companies for the month of Jul'16 and for Apr'16-Jul'16
Coal India Ltd has submitted to BSE a copy of the Provisional Production and Offtake Performance of CIL & its Subsidiary Companies for the month of Jul'16 and for Apr'16-Jul'16.