Allocation of coal under spot e-auction rises 36% during April-February 2020-21, says CIL

State-owned Coal India Limited (CIL) allocated 37.21 million tonnes of coal during the April-February period of FY20-21 under spot e-auction scheme, registering a year-on-year increase of 36.3 per cent. Coal India Ltd (CIL) had allocated 27.30 MT of coal in the April-February period of FY 2019-20, according to Coal India’s data. In the month of February 2021 alone, […]

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Coal India’s capital expenditure during 2020-21 records all-time high at Rs 13,115 crore

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Coal India said its capital expenditure (capex) almost doubled to hit an all-time high of Rs 13,115 crore in the just concluded fiscal year. CIL’s original sanctioned capex budget was Rs 10,000 crore for FY’21. ”Coal India Ltd (CIL) more than doubled its capital expenditure to an unprecedented high of Rs 13,115 crore in FY’21…. […]

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Coal India’s additional supply reduced imports by 90 million tonnes in FY21

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State-owned Coal India Limited (CIL) said it provided additional coal supply in the country during 2020-21, which prompted customers to go for 90 million tonnes of domestic coal instead of importing it from abroad. The public sector undertaking said in a statement that it curbed coal imports to the tune of 90 million tonnes.  Sustaining its growth […]

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CIL approves 32 mining projects involving incremental investment of over Rs 47,000 crore

The board of directors of state-owned CIL has approved 32 coal-mining projects in the current financial year (till January), indicating an incremental capital of around Rs 47,300 crore. While 24 of the 32 projects are expansion of the existing ones, the remaining are greenfield units, Coal India Ltd (CIL) said in a statement. “Scripting a record high…CIL has approved […]

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Weaker power demand affecting earnings prospects of Coal India Ltd.

Coal India Ltd’s production and sales numbers during February continued to disappoint, declining by 6.6% and 6.2% respectively. Though production at SECL, the company’s largest coalfield, increased, the disappointment was led by a decline in production at most other coal fields. Volume growth continues to remain a concern. Analysts attribute Coal India’s sluggish February operating […]

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Coal India to invest in 26 new projects in partnership with private companies

Coal India plans to invest Rs 1.43 lakh crore in 26 projects in new business areas. The new business areas will include solar wafer manufacturing, a greenfield aluminium project along with brownfield aluminium projects in a joint venture with NALCO, solar generation projects, and thermal power plants. CNBC-TV18 reported that the company has received approvals […]

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