Coal India will fetch the Centre around Rs 19,000 crore on account of dividends paid and shares sold through various modes by the end of 2018-19 — almost double that of last year.
Over the past year, the number of patients treated each day in the hospital unit where cardiologist Ade Imasanti Sapardan works in Indonesia’s capital has almost doubled to about 100.
Coal India’s standing with investors as a ‘dividend play’ could take a beating after the near-monopoly government miner declared interim dividends that fell below Street expectations.
The adverse impact from coal-fired power plants on public health is the highest in India globally, found a recent study. And while campaigns continue to highlight the ills of coal mines and thermal power plants, the Indian government is giving a boost to the coal sector.
Despite being a monopoly player, Coal India’s profits have been falling due to the ever-increasing labour expenses, supply-chain delays as well as spiralling operational costs arising out of the company’s rehabilitation policy
Coal stocks at power plants have improved considerably with the number of plants holding critical stocks is down to one from 33 in October.
The production target for Coal India (CIL) was fixed at 610 million tonnes for the current fiscal. This target is likely to be missed as coal production during April-February was 527.70 mt.
Captive coal miners have already produced 4.41 million tonnes more than their yearly target in the first eleven months of the current fiscal. They were asked to produce 40 million tonnes during the whole of 2018-19.
After receiving more than Rs 11,500 crore from Coal India, the centre is further expected to receive around Rs. 2,600 crore more from this Maharatna company after the mining mammoth has decided to offer its second round of interim dividend at Rs. 5.85 per share.
Coal India will hold a third round of auctions for giving out longterm fuel supply contracts under Shakti B(ii) where participants of the first round would be eligible to bid. They are, however, barred from the second round which will be held soon, a government official clarified.