IndiaCatalog.com
India News
Search Web Directory
News Home
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.

However, the cost structure of the Indian coal sector is still favourable: it is estimated that the average cost of production is about `1,000 per tonne, and that cost of production is a concern for only about 10% of the output.

The state-owned company said that for coal transported over a distance up to 100 km, Coal India receives only 56% of the costs paid by consumers for procuring dry fuel.

Taxes, duties and levies are about 34%, followed by freight at 10%. For transporting coal up to 500 km, Coal India receives 41% of the total payments made by consumers while taxes, duties and levies constitute 25%, followed by railways at 34%.

Beyond 1,000 km, its realisation is about 32%, taxes duties and levies take away 20%, while the rest — 48% — goes to the Indian Railways. Although Coal India feels it produces coal at competitive rates, it is critical of its own operating performance.

"There's a significant gap in productivity norms of similar class of equipment in mines in India and those around the world. For instance, similar class of shovels in international mines is operated 40-50% more hours annually than at Coal India."

Equipment utilisation rates at mines operated contractually have been seen to be better than those operated departmentally by the monopoly.

"For instance, in Coal India subsidiary, Eastern Coalfields, in 2016-17, the utilisation rate of hired excavators was 93%, against 73% utilisation rate for departmental excavators. This requires much greater focus on operational excellence and asset management practices in the Indian coal mining sector," its Vision 2030 statement said.

Added to this is Coal India's option for adopting technology which is limited. The vision document said the sector is beset with relatively small scale mining with limited mechanisation and scale of equipment.

Related Companies: Coal India Ltd   

Other Latest News
PM REVIEWS FLOOD SITUATION IN KERALA
Posted on 18th August 2018
Prime Minister Narendra Modi reviewed today the flood situation in rain-battered Kerala at a high-level meeting in Kochi.

Earlier, there were reports that the prime minister's helicopter could not take-off for an aerial survey of flood affected areas due to bad weather. But, there was no official confirmation from the state and the Union government.


SENSEX SURGES 284 PTS, NIFTY HITS NEW HIGH
Posted on 18th August 2018
Benchmark Sensex rebounded by over 284 points to close at 37,947.88 on Friday, while the NSE Nifty finished at a fresh lifetime high on the back of robust gains in FMCG, metal and banking stocks amid positive global cues.

Brokers said sentiment got a lift on uninterrupted buying by domestic institutional investors, while global markets were mixed after the US and China agreed to resume trade talks.


ASHOK LEYLAND BAGS ORDER FOR 300 BUSES FROM BANGLADESH
Posted on 18th August 2018
Hinduja flagship firm Ashok Leyland on Friday said it had bagged an order from Bangladesh Road Transport Corporation (BRTC) for supply of 300 buses.

The order is for double decker buses which have been procured against a tender under Indian Line of Credit, the company said in a statement.


Amazon’s India chief tells team to turn off work email at night
Posted on 18th August 2018
Bangalore: Amazon’s country manager for India has proposed a radical idea: Log off; get a life. In an email to his team earlier this month, Amit Agarwal counselled colleagues to stop responding to emails or work calls between 6pm and 8am in the interest of “work-life harmony.” He also talked about the importance of work discipline and how to draw the line.

Spectrum price: RCom gets relief from Supreme Court
Posted on 18th August 2018
The Supreme Court on Friday stayed a telecom tribunal order asking Reliance Communications to pay the difference between the price for spectrum in the 800 MHz band in 2013 and its auction price in 2015, as the company is in the process of selling part of its spectrum to Reliance Jio Infocomm.

» 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

Add a comment for Coal India trails global peers in performance: Vision document
Please only use this form to enter comments on the above company. All comments are reviewed before they are displayed on the web site. Not all comments may be displayed. Check back with us to see if your comments have been displayed.
If you want us to email the comments posted by users, please Subscribe by email
Name*
Comments*
Security Code*
 

Be the first person to write a business review for Coal India trails global peers in performance: Vision document

Most Read News

Paytm Mall aims to generate $10 bn in annualised gross sales by March 2019

Infosys to go ahead with Kolkata project worth Rs 1 bn without SEZ status

Wipro, ITC, Cadila take lead in race to acquire Complan

ASHOK LEYLAND BAGS ORDER FOR 300 BUSES FROM BANGLADESH

Mercedes-Benz to hike prices by up to 4% in September

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 - 2018 IndiaCatalog.com
    All Rights Reserved
Privacy Statement