Power tariff likely to go up by 8-10%: Know more about it!
Power tariff is likely to increase by 8-10 percent in the country after Coal India decided to hike the commodity's prices, Tata Power CEO and Managing Director Anil Sardana has said. Outcome of Board Meeting of Subsidiary (Buy-Back of Equity Shares)
Coal India Ltd has informed BSE that the Board of Directors of the Mahanadi Coalfields Limited ("MCL"), our subsidiary, at its meeting held on June 11, 2016 has considered and approved the buyback of 443973 fully paid equity shares of face value of Rs.1000/- each (Rupees Thousand only) from the members of the Company on a proportionate basis through tender offer (representing 23.82% of the total number of equity shares in the paid-up share capital... Outcome of Board Meeting of Subsidiary (Buy-Back of Equity Shares)
Coal India Ltd has informed BSE that the Board of Directors of Northern Coalfields Limited ("NGL"), our subsidiary, at its meeting held on June 11, 2016 has considered and approved the buyback of 401827 fully paid equity shares of face value of Rs. 1000/- each (Rupees Thousand only) from the members of the Company on a proportionate basis through tender offer (representing 22.62% of the total number of equity shares in the paid-up share capital of... Notice for Auction of Coal Linkages to Non-Regulated Sector
Coal India Ltd has informed BSE regarding "Notice for Auction of Coal Linkages to Non-Regulated Sector". ONGC, Coal India may not call the shots in energy market anymore
ONGC, Coal India may not call the shots in energy market anymoreA senior government official told ET that NITI Aayog is preparing a market driven national energy policy to attract private investments. 5 subsidiaries of Coal India to buyback upto 25 pc shares
KOLKATA: Five subsidiaries of Coal India will buy back up to 25 per cent of their shares from the parent so that the coal monopoly can go ahead with its own share buyback offer to the government and the public, officials said. Central Coalfields, Mahanadi Coalfields, Northern Coalfields, South Eastern Coalfields and Western Coalfields will buy back more than 10 per cent of their shares from Coal India, adding around Rs 5,000 crore to the latter's kitty, it was decided at a nine-hour meeting between Coal India and government officials last week, sources said. The government is looking at raising at least Rs 6,000 crore from Coal India buyback. A senior government official said the quantum of CIL's buyback offer will depend on the amount of money that Coal India receives through share buyback by subsidiaries. "Subsidiaries have been asked to start the process as soon as possible," the person said on condition of anonymity. If Coal India's buyback offer is for less than 10 per cent stake, then its board can approve the decision. However, if it's more then the company would need to seek shareholders' approval through an extraordinary general meeting. It has eight wholly owned subsidiaries. Although all these are profit making firms, three of them are spared from the buyback exercise Eastern Coalfields and Bharat Coking Coal, both of which have just come out of the ambit of BIFR, and Central Mine Planning & Design Institute, a consultancy and exploration arm that is not financially strong. Being 100 per cent owned by... NTPC to raise Rs 20,000 crore this fiscal
State-owned Coal India had last month announced nearly 6.3 per cent increase in coal prices and will earn an additional revenue of around Rs 3,234 crore during the current fiscal 2016-17. Green panel defers green clearance to Coal India Limited's washery in Odisha
NEW DELHI: A high-level panel has deferred green clearance to Coal India's 10 MTPA washery in Odisha and sought more information from the company, a move that may hit government's plan to provide quality fuel. The state-owned company has plans to set up 15 washeries by next year. "The proposal was for grant of environment clearance to Jagannath washery of 10 MTPA in village Hensmul, district Talcher, Odisha of Mahanadi Coalfields, a Coal India arm. The proposal was deferred by the Expert Appraisal Committee (EAC) for want of inputs/clarification," a source said. The environment ministry panel noted that the proposed washery with its technology firmed up, was yet to get the approval of board of the project proponent. "The project proponent presented wind rose for one quarter only. Whereas, the meteorological data should have been for a minimum period of one year to have a consistent and reasonable picture of wind directions," the source said. The project proponent is also required to give data on emission factor for various sources of fugitive emissions, which would be generated from the washery. Based on these emission factors, predicted air quality values should be provided both for controlled and uncontrolled emissions, the source said. "The project proponent mentioned that...mitigative measures would involve construction of a separate internal road by-passing the habitated areas. This is in addition to providing conveyor system for coal transportation and silo loading at the sidings, which is under implementation. Works on these measures were asked to be expedited," the source said. The project proponent during... Top four companies add Rs 38,703 cr to market valuation; Coal India shines
Four of the top 10 most valued Indian companies together added Rs 38,703 crore to their market valuation last week, with CIL emerging as the biggest gainer.