The state miner said its total expenses during the December quarter stood at Rs 17,873.93 crore, down by 5.4 per cent from Rs 18,907.17 crore in the same quarter of previous fiscal.
Coal India produced 554.14 million tonne of coal in 2016-17, while coal off-take was 543.32 million tonne during the same period.
Coal India is gearing up for 10,000 MW plant of solar power to focus on renewables.
The government's policy think-tank NITI Aayog has recently recommended breaking up of Coal India into various subsidiaries.
Coal India has identified some 60 underground mines belonging to its four subsidiaries, Eastern Coalfields (ECL), Bharat Coking Coal (BCCL), South Eastern Coalfields (SECL) and Central Coalfields (CCL) for closure in phases.
Coal India, which produces 84 per cent of the country's coal production, had exceeded the target for March 2017 by producing 66.07 million tonnes.
Coal India Ltd (CIL), which contributes 84 per cent of the country's production, is likely to end the current fiscal with a shortfall against its annual production target for 2016-17, analysts and industry stakeholders say.
Power and Coal Minister Piyush Goyal has denied any plans to break Coal India Ltd, saying ‘there was no value in splitting up country’s biggest coal producer’.
To protest against divestment and strategic sale in the nationalised coal sector, Coal India workers will go on a nationwide strike on September 2, the company said today. The protest will also entail the demand
New Delhi: The state-owned CIL is getting ready to start auction of coal linkages to the non-power sector, including steel and cement, either by March-end or early April."We are looking to begin the auction of
New Delhi: Taking a step further in government's reform drive, Union Cabinet today took a number of decisions including approval of 10 per cent stake sale in state-owned Coal India Ltd besides initial public offer
Nagpur: Western Coalfields (WCL), a Coal India arm, has finalised a capital investment plan of a whopping Rs 6,280 crore till 2019-20 in a phased manner. The major chunk of investment, which works out to
Kolkata: State-owned Coal India Limited (CIL) on Friday said it has extended financial assistance of Rs.15 crore to Housing Infrastructure Development Corporation (HIDCO) to purchase three electric buses and an electric car."While CIL contributed the
Kolkata: PSU behemoth Coal India, which is facing constraints in evacuation infrastructure, is planning to realign its logistics management of railway rakes to increase evacuation by additional 5-8 per cent. “We are trying to push
Kolkata: Coal India has missed the production target for the financial year 2014-15 by 3 per cent, recording an output of 494.23 million tonnes.The company's output target was 507 mt for the fiscal, Coal India
New Delhi: Anil Ambani-led Reliance Cement and GMR Chattisgarh Energy Ltd won the two blocks on offer on the first day of coal auctions.Reliance Cement won the first coal block as it emerged as the
New Delhi: In the biggest-ever disinvestment, the 10 per cent stake sale in Coal India was today over-subscribed fetching the goverment about Rs 22,600 crore largely helped by domestic financial institutions.Over-subscribed by 1.07 times, the
New Delhi: The sale of union government's 10 per cent stake sale in bluechip Coal India has begun today.The central govt hopes to raise an estimated Rs 22, 600 crore from this sale. The share
Mumbai: Indian equity markets are on a high buoyed by better-than-expected quarterly earnings reported by companies and a cut in interest rates. The Sensex has gained over 2200 points in the past 10 trading sessions,
New Delhi: Finance Minister Arun Jaitley on Saturday assured trade unions that the government did not intend privatizing either the Indian Railways or Coal India."Government has no intention to privatize either railways or Coal India.
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