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
Coal India has dipped 3.6% to Rs 295 on the BSE in early morning trade, after the company reported a sharp 77% year-on-year (Y-o-Y) dip in its consolidated net profit at Rs 600 crore for the quarter ended September 30, 2016 (Q2FY17),due to lower sales
Mahanadi Coalfields Ltd (MCL), the largest coal producing subsidiary under Coal India (CIL) umbrella has lined up Rs 20,000 crore investment over next four years to bolster its business activities that include coal mining and evacuation, infrastructure
The share buyback plan of Coal India, through which the central government intends to raise Rs 3,650 crore, would commence on October 3. The process of trading would close on October 18. The last date of extinguishment of equity shares, however, has been
Coal India (CIL) is looking for newer ways to invest its surplus into technological innovations. It plans to invest Rs 10,000-12,000 crore over the next three to four years in producing hydrocarbons from coal.
Shares of Coal India fell nearly 3 per cent on Wednesday after the company reported 14.7 per cent decline in consolidated net profit for the quarter ended June 30.After making a weak opening, the scrip further lost 2.72 per cent to Rs 321.70 on BSE.
Low price realisation from e-auctions, fuelled by depleting interest income from banks on its cash reserves, in a situation when the demand of the fossil fuel is at a low, resulted in state-owned miner Coal India posting a decline of 14.78 per cent
Owing to hefty dividend payout in the past three financial years, backed by frozen coal prices, Coal India faced a 30 per cent decline in its net worth between 2012 and 2016. During the tenure of the United Progressive Alliance (UPA-2) government, the
State-run mining major Coal India will develop solar power plants of 600 MW capacity in four states, including West Bengal and Maharashtra, under the second phase of its plan to set up a total 1,000 MW green energy plants.