IndiaCatalog.com
India News
Search Web Directory
Coal India Ltd Related news
CIL board approves second interim dividend of Rs 5.85 per share
Posted on 15th March 2019
New Delhi: State-owned CIL on Thursday said its board has approved second interim dividend of Rs 5.85 per equity share for the fiscal 2018-19.

"The board of directors in its meeting on March 14, 2019 approved payment of 2nd interim dividend for the financial year 2018-19 @ Rs 5.85 per share of the face value of Rs 10 as recommended by the audit committee of CIL in its meeting held on date," the PSU said in a filing to BSE.


Coal scam: ED attaches Rs 36.85-cr assets of MP-based firm
Posted on 13th March 2019
Assets worth over Rs 36 crore of a Madhya Pradesh-based company have been attached by the ED in connection with a coal blocks allocation scam case, the agency said on Tuesday.

It said a provisional order for attachment of properties like land, plant, machinery, office and factory buildings of Kamal Sponge and Steel Power Ltd (KSSPL), located in Rajasthan’s Jaipur and Satna in Madhya Pradesh, and its director Pawan Kumar Ahluwalia was issued by it on Monday under the Prevention of Money Laundering Act.


Analyst corner| Coal India: Maintain ‘hold’ with target price of Rs 243
Posted on 6th March 2019
Coal India’s shipments rose 3% year-on-year to 51.5 MT in February 2019. Key highlights: 1) shipments of large subsidiaries — MCL and SECL — rose 2% and 4%, respectively; 2) production grew 6.5% y-o-y to 58.1 MT led by MCL and SECL; and 3) pit-head inventory estimated at 35 MT as at February end, leading to improved coal availability. Going ahead, we expect: a) Coal India (CIL) to report 4.5% y-o-y growth in shipments in FY19; and 2) e-auction premium could dip, given the inventory build-up. Maintain ‘hold’ with `243 target price. The stock is currently trading at 9.5x FY21E EPS.

Coal India's bank interest income likely to fall after another buyback
Posted on 14th February 2019
Coal India Ltd’s or CIL’s consolidated income from bank interest and other investment sources is likely to fall further this year following the Maharatna’s proposal to buy back shares worth Rs 1,050 crore.

On a consolidated basis, the coal miner usually earns more than Rs 4,600 crore every year as interest from various banks, dividend from mutual funds, rental income as well as profit from sale of assets, among others.


Coal India Q3 net profit surges 50% to Rs 4,567 cr, beats Street estimates
Posted on 13th February 2019
Led by increased prices of coal amid lower provisioning for future expenses, Coal India posted a 50 per cent increase in its net profit at Rs 4,566.74 crore for the quarter ended December 31, 2018, beating Street estimates. The company's net income grew 12.58 per cent to Rs 23,385.43 crore, despite the firm offering lower quantity at e-auctions.

Govt subsidies on oil & gas down 76% between 2014 and 2017, coal stable
Posted on 11th February 2019
Indian government subsidies for fossil fuels, including oil and gas, have decreased by 76% over the three years to 2017, but subsidies for the coal industry have remained stable over the same period, a new study by think-tank International Institute for Sustainable Development (IISD), has found.

India, the world’s second largest consumer of coal and the fourth largest emitter of carbon dioxide, accounts for 7% of global emissions and continues to subsidise the loss-making, polluting coal industry.


Coal India to invest Rs 7,000 crore to procure equipment to augment production
Posted on 8th February 2019
Mining behemoth Coal India (CIL) has put the process of procuring various types and sizes of high capacity heavy earth moving machinery (HEMM) on the fast track to press these into operation in its open cast mines as soon as possible. This move would bolster CIL’s production on the back of an investment of above Rs 7,000 crores. This would be made out of the company’s Capex kitty, a CIL statement said.

Coal India dispatches fall for second straight month in January
Posted on 7th February 2019
While power plants across the country are set to step up generation in view of the surge in electricity demand due to the upcoming general elections, dispatches of coal from the mines of Coal India (CIL) has fallen for the second straight month in January. The state-owned behemoth supplied 52.8 MT and 52.4 MT of the fuel in December and January, recording annual declines of 1.2 percent and 2.3 percent , respectively.

Family silver: PSU buyback spree to begin with Coal India; govt looks to raise Rs 12,000 crore this fiscal
Posted on 31st January 2019
With a big shortfall in indirect tax revenue — the collections in April-November were hardly 2% higher than the year-ago period versus FY19 growth estimate of 22% — the Centre has asked a clutch of central PSUs to speed up their planned share buybacks, a mechanism via which it wants to net upwards of Rs 12,000 crore this fiscal.

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.

» Post a FREE Classified Advertisement
Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.
Jobs in India India Real Estate Automobiles Matrimonials Beauty & Fitness

Most Read News

Court denies interim relief to Kotak Bank

Reliance Communications pays Rs 462 crore to Ericsson

BSNL fails to pay February salary to 1.76 lakh employees

Mercedes drives in new AMG C43 Coupe

Vodafone Idea plea rejected: TDSAT refuses cheaper rates for backhaul spectrum

More India News

  India Web Directory
Business Profiles
Automotive Directory
IT/ITES/BPO Directory
Hotel Directory
Health Directory
Business Directory
Gems & Jewellery
Education Directory
Real Estate Directory
Agriculture Directory
Logistics Directory
Yellow Pages
NRI Guide
Photo Galleries
Global Web Directory
*** FREE India Classifieds
Order Premium Listings
Submit a Site
Business Reviews
Home
About us
Link to us
Advertise
Contact us
Google Search Keywords: India Catalog, IndiaCatalog, India Web Directory
    © 1999 - 2019 IndiaCatalog.com
    All Rights Reserved
Privacy Statement