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Coal India urges government to help recover dues
Posted on 17th March 2018
KOLKATA: Dues of power plants to Coal India increased to Rs 12,300 crore at the end of February from Rs 9,000 crore in May last year, prompting officials of the state-run monopoly miner to request the power ministry to intervene and help recover the amount.

At a recent meeting with power ministry officials, Coal India executives said that the miner’s priority was to more than double coal inventory levels at power plants to 30 million tonnes from the present level of 14 million tonnes but they requested that the ministry should impress upon power plants to clear the dues at the earliest.

Indian Oil, ONGC, Coal best performers in FY17; BSNL, Air India, MTNL worst
Posted on 13th March 2018
Indian Oil, ONGC and Coal India have emerged as the most profitable PSUs for 2016-17, whereas BSNL, Air India and MTNL incurred the highest losses, according to a government survey tabled in Parliament today.

The Public Enterprises Survey 2016-17, which mapped the performance of central public sector units, showed that the top ten loss-making state-owned firms accounted for a whopping 83.82 per cent of the total losses made by 82 loss-making CPSEs during the year.

Coal India misses production target again; imports likely to increase
Posted on 7th March 2018
The import of thermal coal is likely to increase in the coming months, as Coal India is set to miss its production target again – for an 11th straight month – causing a fuel shortage at the country’s thermal power plants. This is particularly worrisome as the demand for coal is likely to increase further as summer approaches.

The coal monolith’s output from April 2017 to February 2018 stood at 495.09 mt, seven per cent lower than the 531.32 mt target set by the coal ministry. Similarly, sales volume during this period is set to fall three per cent short of the 541.60 mt target.

‘To profit from competition’, CIL reaches out to unions
Posted on 5th March 2018
NEW DELHI: Deregulation of commercial coal mining will be an opportunity rather than a challenge for Coal India, the company management told trade unions on Sunday as it began work on a blueprint to consolidate its leadership position ahead of impending competition from private players.

The company management met representatives of trade unions BMS, AITUC, CITU and HMS — representing CIL’s three lakh-strong workforce — to clear misgivings over the impact of the government’s decision to allow private companies into commercial mining.

Coal India faces uphill task
Posted on 3rd March 2018
Calcutta: Coal India would have to step up its production to over 3 million tonnes (mt) per day in March to reach its annual production target of 600 mt for the fiscal, a steep hike from the target of 2 mt a day that coal and railways minister Piyush Goyal had stated in a written reply to the Rajya Sabha in January.

the eleven months of 2017-18 (April-February), the state owned miner has produced 495.09 mt recording a modest 1.4 per cent growth over the corresponding period previous year, but falling short of the target by 7 per cent.

Coal mining by private firms: Labour unions oppose Cabinet decision
Posted on 21st February 2018
Central trade unions in coal sector opposed opening up of commercial coal mining for private sector after the Union Cabinet on Tuesday approved the methodology for auction of coal mines for sale of coal.

"We oppose the move as the decision was taken arbitrarily without discussing with us. We will soon come out with a decision," said the RSS-backed Bhartiya Mazdoor Sangh affiliated Akhil Bhartiya Khadan Sangh President Brajendra Kumar Ray said.

India's coal imports set to rise as domestic output fails to match demand
Posted on 20th February 2018
India, the world’s second-largest coal importer, is set to see a rise in shipments of the fuel as domestic production lags behind demand, Benjamin Sporton, Chief Executive at the World Coal Association said.

State-run Coal India Ltd., which produces more than 80 per cent of India’s coal, is failing to meet production targets, creating a gap that will be met through imports, Sporton said in New Delhi last week.

Coal India's foreign dreams lose steam in bid to fuel domestic demand
Posted on 17th February 2018
With Coal India prioritising availability of thermal coal to the power plants by streamlining its road and rail supply networks, its plans of acquiring a 20-25 per cent stake in an Australian firm, which could have ensured steady procurement of coking coal, has been put on the back burner.

Apart from stepping up production, another top priority for the company at present is coordinating with railways to make 288 rakes available each day for supply of the fuel to power plants.

Coal India target for power sector pegged at 513 mn tonnes for next fiscal
Posted on 14th February 2018
Coal India will supply 513 million tonnes of coal and offer 12 million tonnes more via e-auction to the power sector in 2018-19 (FY19). The remaining 90 million tonnes of the sector’s demand will come from Singareni Collieries and captive coal blocks, Coal India executives said.

After facing a deficit in the last quarter, the power ministry has asked Coal India and Indian Railways to ensure a supply of 615 million tonnes annually, with 288 rakes moving every day.

Coal India trails global peers in performance: Vision document
Posted on 12th February 2018
KOLKATA: Coal India is trailing global peers in operating performance and technology adoption, while taxes and freight constitute 25% and 34%, respectively, of the cost consumers pay, undermining the monopoly's competitiveness, the company's Vision 2030 document said.

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