Coal India will hold pre-bid consultations with all interested bidders prior to issuance of a global tender for setting up a monitoring system for projects of more than Rs 150 crore, as the PSU eyes production of 1 billion tonne by 2019-20."With a
Even though Coal India(CIL) has been allowed to revert to the old system of removing the cap on e-auction volumes with effect from April 2015, in the absence of a specific guideline from the ministry, the state-owned miner is in a fix over determining the
The government's plan to have fresh auction of coal linkages for non-regulated sectors is not good news for end-user industries such as cement. Companies that depend on linkages from Coal India could see their costs go up.
Shares of Coal India have rallied more than 4.5% to Rs 405 on the Bombay Stock Exchange (BSE) after production of the company in May rose by about 13% as against the corresponding period previous year.
Hit by a rise in employee cost and contractual expenses, state-owned Coal India Ltd (CIL) reported a 4.4 per cent drop in consolidated net profit to Rs 4,239 crore for the quarter ended March, compared with Rs 4,434 crore a year before.
With record-breaking capacity addition of 22,566 Mw and power deficit at a low of 3.6 per cent, Piyush Goyal, minister of state for coal, power and renewable energy, said a stage has been set by 'Team India' for energy security for the next 50 years.
SBI Caps, in a report, which would be the basis for a policy paper on mechanism for granting coal linkages to the unregulated sector, has recommended a telecom spectrum-like auctioning of linkages for a tenure of 10 years, unlike fuel supply agreements
The Delhi High Court today asked Coal India Ltd (CIL) how it was offering coal from two Chhattisgarh mines to NTPC when it had cited production issues to cancel an e-auction of 49,000 metric tonnes (MT) of the mineral, mined from the same area, which was
State-owned insurance giant LIC has increased its exposure in 12 Sensex firms, including Coal India and Bajaj Auto, in the January-March quarter, with purchase of shares estimated to be Rs 16,400 crore at current valuation.
Just months after a Rs 22,600-crore disinvestment in the company, Coal India Ltd (CIL) is back in the reckoning for another stake sale, with the government considering selling five per cent in the public sector giant this financial year, it is learnt.
The government, this year, has nominated state-run Odisha Small Industries Corporation (OSIC) in addition to the Bhubaneswar branch of National Small Industries Corporation (NSIC) as the nodal agencies for the supply of coal to the MSMEs.
Foreign brokerage UBS has initiated coverage on Coal India with a 'buy' rating despite believing that it is unlikely to meet its target of achieving a billion tonnes of production by 2020.It believes that government action to allow for quicker