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Coal India share sale to employees receives a lukewarm response
Posted on 17th November 2018
Coal India has received a lukewarm response from its employees after its stocks were offered to them at a discount.

This comes after its stake sale offer in the open market got a tepid response — only 0.19 per cent oversubscription option was exercised despite provisioning a 6 per cent green-shoe option.

Coal India net profit surges in Q2
Posted on 13th November 2018
Higher sales and a better realisation have powered the earnings of Coal India for the quarter ended September 30, 2018. The consolidated net profit of the public sector miner for the quarter was Rs 3,084.70 crore against Rs 370.43 crore in the corresponding quarter previous year.

Coal India relaxes norms for small consumers
Posted on 6th November 2018
Coal India (CIL) has now made supply norms flexible for small consumers at a time when the Union coal ministry is absolutely focusing on supplying coal to the power sector only. The coal behemoth has relaxed its policy for mine-specific coal supply, which would ease availability of coal to consumers having less than 1 million tonne requirement per annum.

Coal India gets Rs 16.5 billion from retail investors, stock falls 2%
Posted on 2nd November 2018
Coal India’s offer for sale garnered Rs 16.5 billion worth of bids from retail investors on Thursday.

Bids for 61.91 million shares were received from individual investors, as against the base issue size of 39.6 million.

Coal India OFS: Non-retail portion fully subscribed on day 1, retail investors can subscribe today; how to buy
Posted on 1st November 2018
Coal India OFS Day 2: After getting fully subscribed by institutional investors on day 1, Coal India OFS will open for retail investors on Thursday. The non-retail buyers put in bids for 15.84 crroe share of the 14.89 crore shares on offer on the first day of OFS on Wednesday, according to the NSE data. It amounts to a subscription of 1.06 times the shares reserved for institutional buyers. The sale of 15.84 crore shares amounts to over Rs 4,200 crore at a floor price of Rs 266.

Coal India extends fall as share sale begins
Posted on 31st October 2018
Shares of Coal India were down by 4.4% at Rs 265 per share on Wednesday in early morning trade, extending their 4% decline in the previous day on the BSE after the company’s offer for sale (OFS) of its equity shares began today.

The shares will be sold at a floor price of Rs 266, and the sale will be conducted on Wednesday and Thursday, the company said in a filing. The floor price is at a discount of 4% to Tuesday's closing price of Rs 277 on the BSE.

CIL offers additional supplies to power sector
Posted on 23rd October 2018
Coal India (CIL) has offered five million tonne of extra coal to state-run NTPC on a credit basis and agreed to supply 7.94 lakh tonne of domestic coal per month to power utilities on condition that the power utilities will cut on imports, an official said. The miner has prioritised coal supplies to the power stations of eastern states for ensured generation to meet the increased power demand during the just concluded Durga Puja festival.

Coal India to increase tenure of supply pacts with steel industry to 10 yrs
Posted on 19th October 2018
Coal India has decided to increase the tenure of fuel supply pacts to be signed with the steel industry to 10 years with a view to reducing the sector's reliance on imports for the fuel, according to a notice.

The new FSA tenure would be applicable from the fourth tranche of the auction of coking coal linkages for the steel sector to be held shortly, Coal India said in a notice to its subsidiaries.

Govt raps CIL execs over production as coal availability remains a worry
Posted on 12th October 2018
The government has told coal companies to immediately ramp up production even as it slammed their executives for not reviewing production regularly, as coal availability remains a worry.

The normative coal stock at power units — which used to be for 20-25 days — is down by half to 10-12 days. There are currently 10 units which have zero coal stock, 46 with just one-day stock and 31 with coal stock ranging from seven to 15 days.

IRCTC scam: Bail granted to Lalu's wife Rabri Devi, son Tejashwi Yadav
Posted on 6th October 2018
A Delhi court Saturday granted bail to RJD chief Lalu Prasad's wife Rabri Devi and son Tejashwi Yadav and others in an Indian Railway Catering and Tourism Corporation (IRCTC) scam case lodged by the CBI.

Special Judge Arun Bhardwaj also granted interim bail till November 19 to Rabri Devi, Tejashwi Yadav and others in a money laundering case filed by Enforcement Directorate (ED) in relation to the alleged scam.

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