cil

Coal India to invest Rs.40,000 crore in 12th Plan


September 12th, 2012 - 9:53 pm ICT by IANS
New Delhi, Sep 12 (IANS) State miner Coal India Ltd (CIL) said Wednesday the company was committed to investing Rs.40,000 crore in the 12th Plan period (2012-17)."Capital investment plan for ... Read more...

Posted in Business |

Coal India achieves near-target performance


September 5th, 2012 - 4:39 pm ICT by IANS
New Delhi, Sep 5 (IANS) With coal dominating the political discourse, Minister of State for Coal Pratik Prakashbapu Patil Wednesday said Coal India Ltd (CIL) had achieved over 97 percent ... Read more...

Posted in Business |

CAG pulls up Coal India for avoidable expenditure


September 4th, 2012 - 10:09 pm ICT by IANS
New Delhi, Sep 4 (IANS) India's official auditor said Tuesday that state miner Coal India Ltd (CIL) could have saved at least Rs.20 crore had it initiated prudent action ... Read more...

Posted in Business |

Coal India to get assets abroad


September 3rd, 2012 - 9:58 pm ICT by IANS
New Delhi, September 3 (IANS) Coal India Ltd (CIL) will spend Rs.5,000 crore this fiscal to acquire assets abroad, Pratik Prakashbapu Patil, minister of state in the coal ministry, said ... Read more...

Posted in Business |

Coal India board okays new fuel supply agreement model


September 1st, 2012 - 12:18 am ICT by IANS
Kolkata, Aug 31 (IANS) The board of state-run Coal India Ltd (CIL) has cleared the cost plus model for fuel supply agreements (FSAs) with power firms but asked the coal ... Read more...

Posted in Business |

Reverse privatisation of minerals: CPI-M


August 30th, 2012 - 4:38 pm ICT by IANS
New Delhi, Aug 30 (IANS) The 'coalgate' row should be used to reverse the privatisation of natural and mineral resources in India, the Communist Party of India-Marxist (CPI-M) said ... Read more...

Posted in Politics |

Coal India achieves 95 percent of targetted supply to power sector


August 27th, 2012 - 7:46 pm ICT by IANS
New Delhi, Aug 27 (IANS) Coal India Ltd (CIL) has achieved 95 percent of its supply target to the power sector, Pratik Prakashbapu Patil, minister of state for coal said ... Read more...

Posted in Business |

Coal may have to be imported to meet power demand


August 12th, 2012 - 4:36 pm ICT by IANS
New Delhi, Aug 12 (IANS) State miner Coal India Ltd (CIL) believes 50 per cent of the demand for power-grade fuel by electricity producers may have to be ... Read more...

Posted in Business |

Coal India approves supply penalty clause


August 7th, 2012 - 9:30 pm ICT by IANS
New Delhi, August 7 (IANS) In a decision crucial to India's power generation capacity, Coal India Tuesday agreed to a revised penalty regime in case of shortfall in supplies to ... Read more...

Posted in Business |

Coal India approves 80 percent trigger point for supplies


July 31st, 2012 - 10:53 pm ICT by IANS
Kolkata, July 31 (IANS) The board of Coal India Ltd (CIL), the world's largest coal miner, Tuesday approved supplying coal to a minimum 80 percent of contracted fuel to power ... Read more...

Posted in Business |

‘More private participation needed in power distribution’


April 24th, 2012 - 12:07 am ICT by IANS
Kolkata, April 23 (IANS) Pitching for more private sector participation in power distribution, the Central Electricity Regulatory Commission (CERC) has said it would help improve efficiency and bring down aggregate ... Read more...

Posted in Business |

CCL’s production reaches 48.01 MT in 2011-2012


April 3rd, 2012 - 9:14 pm ICT by IANS
Ranchi, April 3 (IANS) Central Coalfields Limited (CCL), a subsidiary of Coal India Ltd(CIL), has produced 48.01 million tonnes (MT) coal in 2011-12, over the previous fiscal's total 47.52 MT, ... Read more...

Posted in Business |

Coal India misses production target


April 3rd, 2012 - 1:30 am ICT by IANS
Kolkata, April 2 (IANS) State-run Coal India (CIL) Limited Monday said it has ended the last fiscal with a production of 435.84 million tonnes (mt) compared to 431.32 mt in ... Read more...

Posted in Uncategorized |

Jharkhand stops land acquisition for BCCL


March 23rd, 2012 - 7:58 pm ICT by IANS
Ranchi, March 23 (IANS) The Jharkhand government has stopped land acquisition for Coal India Ltd. (CIL) subsidiary Bharat Coking Coal Limited (BCCL) as it was not following the prescribed rehabilitation ... Read more...

Posted in Business |

Consumer body for rollback of new coal pricing


January 19th, 2012 - 9:07 pm ICT by IANS
Kolkata, Jan 19 (IANS) Describing public sector Coal India Ltd's (CIL) new pricing policy as arbitrary and harmful to industrial growth, the Coal Consumers Association of India (CCAI) Thursday demanded ... Read more...

Posted in Business |

Coal India’s Q2 net profit up 74 percent


November 12th, 2011 - 10:55 pm ICT by IANS
Kolkata, Nov 12 (IANS) Maharatna company Coal India Limited Saturday reported a 74 percent rise in its net profit to Rs.2,593 crore in the second quarter ending Sep 30, from ... Read more...

Posted in Business |

Maharashtra slams poor quality coal supply to power plants


October 14th, 2011 - 10:10 pm ICT by IANS
Mumbai, Oct 14 (IANS) Maharashtra's electricity producer Mahagenco Friday accused the Western Coalfields Ltd. of supplying sub-standard coal to its power plants which has resulted in the ongoing energy crisis ... Read more...

Posted in Business |

Coal India eyes further acquisition in Mozambique


September 20th, 2011 - 10:50 pm ICT by IANS
Kolkata, Sep 20 (IANS) State-run Coal India Ltd. (CIL) is eyeing further acquisitions in Mozambique, an official said Tuesday."Initiatives have been taken to operationalise Coal India Africana Limitada (CIAL) to ... Read more...

Posted in Health |

Kolkata power firm may hike tariff


August 9th, 2011 - 9:01 pm ICT by IANS
Kolkata, Aug 9 (IANS) The RP-Sanjiv Goenka Group-owned city power utility company CESC may hike its tariff if the price of coal increases, said a company official Tuesday."If the prices ... Read more...

Posted in Business |

CIL in advanced talks for buying stake in Aussie firm


November 23rd, 2010 - 10:08 pm ICT by IANS
Kolkata, Nov 23 (IANS) The world's largest coal miner, Coal India Limited, has reached an advanced stage in its negotiations for buying stake in Australian company Peabody Energy Assets, a top company ... Read more...

Posted in Business |

Coal India IPO subscribed 34 percent, employee quota may go abegging (Lead)


October 18th, 2010 - 8:09 pm ICT by IANS
Mumbai/Kolkata, Oct 18 (IANS) State-run Coal India's $3.5 billion dollar initial public offering (IPO), the biggest in the history of Corporate India, was subscribed up to 34 percent on opening day Monday, ... Read more...

Posted in Business |

NMDC scouts for mines in Mozambique, South Africa


September 8th, 2010 - 7:02 pm ICT by IANS
Kolkata, Sep 8 (IANS) State-owned National Mineral Development Corporation (NMDC) is scouting for mines in South Africa and Mozambique, a top company official said here Wednesday. "We have a tie-up with Tata Steel ... Read more...

Posted in Business |

Coal India to hit capital markets in July


March 19th, 2010 - 7:03 pm ICT by IANS
New Delhi, March 19 (IANS) India's largest coal producer, Coal India Ltd (CIL), expects to hit the capital markets by July, company chairman Partha S. Bhattacharyya said here Friday. The government, which holds ... Read more...

Posted in Business |

IPO of Coal India expected by August


February 20th, 2010 - 1:35 pm ICT by IANS
Kolkata, Feb 20 (IANS) Coal India Ltd (CIL) is expected to come out with its Initial Public Offer (IPO) of shares by August, a company official said. "We discussed the tentative timeline with ... Read more...

Posted in Business |

Coal India plans to earmark 1 percent share for staff


February 9th, 2010 - 5:45 pm ICT by IANS
Kolkata, Feb 9 (IANS) Country's largest coal producer Coal India Ltd (CIL), which is planning to come out with its Initial Public Offering (IPO) of shares would be earmarking one percent of ... Read more...

Posted in Business |

Wawrinka sets up clash with Cilic in Chennai Open final (Lead)


January 10th, 2010 - 1:28 am ICT by IANS
By Anand Philar Chennai, Jan 9 (IANS) Stanislas Wawrinka, the Swiss No.2 and third seed, Saturday came through a punishing slugfest that lasted two-and-a-half hours against Israel's Dudi Sala 6-4, 2-6, 7-5, and ... Read more...

Posted in Sports |

Coal India raises price by 11 percent


October 15th, 2009 - 9:27 pm ICT by IANS
Kolkata, Oct 15 (IANS) State-owned Coal India Ltd (CIL) has raised the price of coal produced by its subsidiaries by an average of 11 percent effective from Oct 16, the company said ... Read more...

Posted in Business |

Coal production up 9.9 percent in first half


October 13th, 2009 - 9:18 pm ICT by IANS
New Delhi, Oct 13 (IANS) India's coal production in the first half this fiscal was 184.4 million tonnes, against 167.8 million tonnes produced in the corresponding period last year, reflecting a 9.9 ... Read more...

Posted in Business |

Coal India hikes production target by 7.7 percent


August 28th, 2009 - 8:54 pm ICT by IANS
Kolkata, Aug 28 (IANS) State-owned Coal India Ltd (CIL) has increased its production target for the current fiscal by 7.7 percent, a top official said here Friday. "Last year, our production growth rate ... Read more...

Posted in Business |

Plan to revive 15 sick state-run firms approved


July 2nd, 2009 - 6:53 pm ICT by IANS
Mumbai, July 2 (IANS) The government has approved a proposal to revive or restructure 15 loss-making public sector enterprises (PSEs), Heavy Industries and Public Enterprises Minister Vilasrao Deshmukh said here Thursday. "Based ... Read more...

Posted in Business |

Relief for emperor’s descendent in government hands (Lead)


July 2nd, 2009 - 12:14 am ICT by IANS
Kolkata, July 1 (IANS) State-run Coal India Ltd (CIL) has asked an NGO, which approached it for providing a job to a descendent of India's last Mughal emperor Bahadur Shah Zafar, to ... Read more...

Posted in Business |

Coal India posts Rs.96 crore profit in 2008-09


May 21st, 2009 - 6:39 pm ICT by IANS
Kolkata, May 21 (IANS) Coal India Ltd (CIL) has posted net profit of Rs.96 crore in 2008-09 against a profit of Rs.5,243 crore the year before, a top company official said here ... Read more...

Posted in Business |

State-run firms tie up to secure coal supplies abroad


May 21st, 2009 - 5:18 pm ICT by IANS
Mumbai, May 21 (IANS) State-run energy firms have floated a joint venture for overseas acquisition of coal mines and securing cooking and thermal coals supplies. The new company, International Coal Ventures, would ... Read more...

Posted in Business |

Coal PSUs comply with companies act


February 16th, 2009 - 3:34 pm ICT by ANI
New Delhi, Feb 16 (ANI): The Ministry of Coal today clarified that the Central Coalfields Ltd. (CCL) and the Bharat Coking Coal Ltd. (BCCL), PSUs under the administrative control of the ... Read more...

Posted in National |

Domestic coal prices will not fall further: Coal India


January 15th, 2009 - 8:15 pm ICT by IANS
Kolkata, Jan 15 (IANS) Domestic coal will not get any cheaper, India's largest coal company said here Thursday."International prices may fall depending on demand but domestic prices won't fall further as it ... Read more...

Posted in Uncategorized |

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