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Crack down on delays in Coal India projects
Posted on 22nd January 2019
The delay in timely completion of Coal India projects worth Rs 11,000 crores is a matter of concern, not just because it aggravates the coal shortage but also leads to increasing project costs. India, for instance, imports over 200 million tonnes of coal a year, with a huge outgo of foreign exchange. It’s a Catch-22 situation, because while India has a lot of coal resources, other issues like getting environmental clearances and land acquisition, among other things, are monumental hurdles.

Coal India rides the digital wave
Posted on 21st January 2019
Digital technologies are transforming our world. Enterprises are adopting data-driven decision making models, while customers are communicating via mobile and social media platforms. In India too, we are seeing rapid adoption of mobile Internet, cloud technology, digital payments, digital identity, etc.

While private sector enterprises are at the forefront of this digital transformation, the good news is some of the state-owned entities are going full throttle to transition into this ‘Digital world’.


Coal India likely to auction 30 million tonnes of coal in Jan-Mar quarter
Posted on 11th January 2019
Coal India (CIL) is expected to put another 25-30 million tonnes (mt) of coal under the hammer in the ongoing quarter.

This comes after e-auction volumes dipped following the decision to pump more coal into the coal-starved power sector through fuel-supply agreements (FSAs).


CIL meets only 30% capex plan amid coal shortage
Posted on 7th January 2019
While the country is being forced to import coal and domestic power plants run on low stocks, Coal India Ltd (CIL) has been able to spend just 30% of its capital expenditure plans for the year till November, report submitted by the company to the coal ministry shows.

Coal Mines issue: Finmin questions plan to sweeten bidding norms
Posted on 2nd January 2019
The finance ministry has questioned the key proposals in a cabinet note moved by the coal ministry that seek to promote investor interest in captive coal mines, the latest round of auction for which have come a cropper. In a draft cabinet note prepared in this connection, the coal ministry had proposed allowing the bidders for captive coal mines to sell up to 25% of the production in the open market, without any premium chargeable on such sales.

As coal demand exceeds supply, govt plans to allot 10 mines to CIL in 2019
Posted on 26th December 2018
With the coal demand from power sector exceeding the supply in 2018, the government is hopeful of higher output in the new year from already allocated mines and plans to further allot 10 mines to state-run behemoth Coal India Ltd (CIL) in 2019.

Of the 85 mines already allotted, 23 have already started production and the Coal Ministry expects 20 more mines to begin production in the current financial year ending March 2019 or early in the next fiscal.


Coal import to be checked by rising domestic production
Posted on 12th December 2018
The government’s effort to increase domestic coal production and power demand falling with the onset of the winters will check coal imports, a senior coal ministry official has said. Power plants across the country had imported 6.6 MT coal in October, 43.5% higher than the monthly average import quantity recorded this year. In the same month, electricity demand had surged 14% year-on-year.

Cancelled coal mines: Production still far below FY15 level
Posted on 10th December 2018
About fifty months after the Supreme Court cancelled 204 captive coal block licences saying these were allocated in an illegal and arbitrary manner, production from the blocks are far below the level before the court’s decision. As the court had, in its September 2014 order, allowed 42 operational blocks of the cancelled lot to function till March 2015, these mines’ production peaked in FY15 at 43 million tonnes (MT) but has since plunged headlong.

Coal India, Vedanta, NTPC, SAIL hit 52-week lows
Posted on 26th November 2018
Shares of Coal India, Vedanta, NTPC, Steel Authority of India (SAIL) and Finolex Cables have hit their respective 52-week lows on the BSE on Monday.

BASF, CARE Ratings, Hexaware Technologies, ITD Cementation, Jindal Stainless, Shankara Building Products, Take Solutions and Timken India were among 18 stocks from the S&P BSE 500 index are some of the other counters that hit their 52-week lows today.


Five independent directors reappointed to CIL board for three years
Posted on 19th November 2018
State-owned Coal India (CIL) Monday announced the reappointment of five independent directors - Loretta M Vas, Vinod Jain, DC Panigrahi, Khanindra Pathak, SB Agnihotri - to its board.

The "five independent directors were appointed by the ministry of coal vide its letter....dated November 17, 2015, for a period of three years. On completion of their tenure on November 16, 2018, they ceased to be independent directors of Coal India board."


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