Coal India aims at Rs 40,000-50,000 crore capital expenditure in 4-5 years: Chairman

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 […]

Read more

Coal India warns of inevitable price hike to combat increased production costs

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 […]

Read more

Northern Coalfields Ltd ties up with NTPC to install solar power project in Madhya Pradesh

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 […]

Read more

Coal India steps up coal supply to power sector; urges gencos not to regulate coal intake

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 […]

Read more