The coal ministry has allocated 11 mines to Coal India Ltd (CIL) arms – Eastern Coalfields Ltd (ECL), Bharat Coking Coal Ltd (BCCL) and Western Coalfields Ltd (WCL).
The Centre is preparing a legislative amendment to clarify the definition of illegal mining which has a direct impact on companies such as Tata Steel, Coal India Ltd and Steel Authority of India that are facing hefty penalties because of a Supreme Court order on a contentious section of the statute.
The Central government is expected to get Rs 8,044 crore as interim dividend from state-owned Coal India Ltd for the fiscal year 2017-18.
Mining mogul Anil Agarwal today welcomed the Centre’s decision to open up coal mining to the private sector for commercial use and said the move will usher in much needed competition and increase domestic and foreign direct investment in the sector.
At a time when the Central government is battling the problem of low coal stocks in over 50 power plants in the country, a study by Coal India Ltd (CIL) has listed out the headwinds impacting the coal sector.
The Competition Commission today dismissed allegations of unfair business practices against state-owned Coal India Ltd (CIL) with regard to sale of coking coal.
The production target was 63.32 million tonnes for January, and 469.90 million tonnes for April-January period of the current fiscal.
The government has allotted 11 large coalblocks to three subsidiaries of Coal India Ltd (CIL) to raise the production by 225 million tonnes per annum by 2022, coal minister Piyush Goyal said on Friday.
The hike in prices of coal by state-run CIL is likely to make producing steel for secondary steel players costly by up to Rs 500, says a report.
Coal India Ltd, the country’s largest miner, is set to introduce a new pricing policy for coal which will be linked strictly to quality, a top official today said.