A rift between the five powerful labour unions at Coal India Ltd is set to clear the way for Prime Minister Narendra Modi's government to complete a stake sale in the state company that is critical to hitting budget targets.
At a time when it is facing flak for its failure to supply fuel consistently to power plants, public sector behemoth Coal India (CIL) has cleared a long-pending proposal to set up a 1,600-Mw (2x800 Mw) pithead power plant at the Sundergarh district in
The government is likely to select the chairman and managing director (CMD) for Coal India Limited (CIL) by next week. The 12 shortlisted candidates are to appear for an interview with the Public Enterprises Selection Board on Tuesday.
Coal India posted a lower than expected net profit which fell by 28% to Rs 2,192 crore for the quarter ended September 2014. The world’s largest producer of coal had posted a profit of Rs 3,052 crore for the same quarter last year.
The Coal India (CIL) board has ratified the first 1,600 Mw (800 Mwx2) pithead thermal power project by its subsidiary, Mahanadi Coalfields, at a capital expenditure of Rs 11,000 crore, for a foray into electricity generation by the world’s biggest
Coal India Limited (CIL) workers' unions have decided to go on strike on November 24 to protest the government's disinvestment plan and the ordinance on coal block e-auction, which has paved the way for commercial mining by private
The backdrop for the Coal Mines (Nationalisation) Act (CMNA) of 1973, leading to the formation of Coal India (CIL) in 1975, was sluggish annual growth of two per cent, lack of private investments and mismanagement by private parties.
All consumers of Mahanadi Coalfields Ltd (MCL), including power firms, who have inked fuel supply pacts with the PSU will have to transport 30% of the contracted quantity by road if it is within a limited distance.
Metals and cement stocks have not been popular with foreign institutional investors (FIIs) in the September quarter. Foreign ownership in most metals and cement companies declined for the first time in many quarters.