Coal production by Coal India (CIL) has grown slower than the captive mines, awarded over the last six years. During 2020-22, production from the captive mines jumped by 38.5 per cent while CIL saw a tepid growth of 3.4 per cent, according to government data. In terms of dispatch to the power sector, captive mines […]
Coal India Ltd, the country’s premier coal producer, plans to increase output to 1 billion tons by 2023-24 to meet rising demand, Coal Minister Prahalad Joshi told parliament. He said in response to a question that coal demand, according to a draft report of Niti Aayog, is expected to remain in the range of 1,192-1,325 […]
Coal India Limited (CIL) is gearing up to scale up its supply to the non-power sector as the state-run company has managed to create “sufficient buffer stock”, providing these sectors with much relief after they have struggled with shortage of the fuel. CIL is currently supplying around 3.4 lakh tonnes of coal per day to […]
Coal India Ltd said the company is aiming at investing Rs 40,000-50,000 crore as capital expenditure in the next 4-5 years. The Rs 17,000-crore capex (capital expenditure) for the current fiscal is “on track”, CIL chairman Pramod Agrawal told investors. He also acknowledged that price revision is “inevitable” and this may happen soon. “We have […]
Coal India Ltd., the world’s largest producer of the fuel, said rising costs mean it’s “inevitable” that it will be forced to hike prices of supplies in long-term deals to protect profitability. The state-run company is facing pressure from high diesel prices and an increase in salaries of employees due retroactively from July. The higher costs threaten […]
State-owned CIL on Friday reported an almost flat consolidated net profit of Rs 2,936.91 for the quarter ended September 30. The company had posted a net profit of Rs 2,948.12 crore in the corresponding quarter last year, Coal India Ltd (CIL) said in a filing to the BSE. Its consolidated revenue from operations during July-September […]
India’s coal ministry said power projects’ coal fuel stocks are likely to reach six days’ buffer in around a week’s time. Mint reported that coal stocks at thermal power plants (TPPs)have reached 9.02 million tonnes (mt) and are expected to reach stock levels to sustain six days of electricity generation by end October. “Coal supply […]
State-owned Coal India Limited (CIL) announced that its subsidiary Northern Coalfields Ltd (NCL) has tied up with power major NTPC to install a 50 megawatt (MW) solar power project in Madhya Pradesh. This will be the first ground-mounted solar project for NCL for which the project consultant NTPC has invited bids with a pre-bid date […]
State-owned Coal India’s (CIL) overdues from gencos have come down to Rs 16,840 crore as of 31 August from Rs 22,000 crore at the start of the fiscal, an above 65%% recovery in last five months. The company’s director finance, Samiran Dutta, replying to queries at the 47th annual general meeting said overdues were reducing […]
State-owned CIL has been writing to power generating companies since October last year urging them not to regulate the intake of coal and build up stock at their end, so that the electricity production does not suffer during summmer and monsoon seasons, according to official sources. The development assumes significance in the wake of power houses in […]
