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
Fewer power cuts are likely this summer after a surge in output at Coal India helped generators amass record stocks, a turnaround for Narendra Modi who had to battle a power crisis within months of becoming prime minister last May.
State-owned Coal India, told by the Prime Minister’s Office to keep a provision for imports in fuel supply agreements with power producers, imported less than half a million tonnes in the first year because there were few takers.
In accordance with the Centre’s public-private partnership (PPP) model, Coal India (CIL) is finally preparing to float an Expression of Interest (EoI) in a couple of months to award long-term mining contracts to private companies, to boost
The Delhi High Court has suggested a steel company to consider depositing three months' holding charges with Coal India Ltd (CIL) towards safety and security of 78,000 metric tonne of coal rejects left behind by it at a mine in Jharkhand.
Coal India (CIL) was at loggerheads with the coal ministry around six months ago over the latter's directive to halve its lucrative e-auction volumes. It finally settled for keeping its e-auction sales to seven per cent of the total sales.