Coal India and its eight subsidiaries are likely to have six board level-posts falling vacant in the next eight months while additional nine positions are already vacant at a time when the company is struggling to meet the country’s demand for coal.
Coal is once again helping avert electricity shortage by making it possible for thermal power stations to raise output to more than 103% of their scheduled production target with a view to bridging generation shortfall from hydro-electric plants.
Coal India Ltd (CIL) on Monday said the fuel dispatch to power sector grew by 15 per cent in the April-May period of the current fiscal.
At first glance, Coal India Ltd’s (CIL’s) reported March quarter consolidated Ebitda looks miserably low at just Rs196 crore. But employee costs rose a whopping 80% against the year-ago period, which included Rs7,384 crore towards provisions for an increase in the gratuity ceiling. This is one-off in nature. Adjusting for this, earnings are better than expected, say analysts.
The world’s largest miner, Coal India Ltd, now aspires to be the “most-efficient” coal producer, with an aim to bring down costs to a “bare minimum” level as the sector opens up for commercial mining.
Coal India Ltd (CIL) will develop its first-ever thermal power plant in the country in Odisha, a top company official said here on Monday.
Coal India Ltd (CIL) has sought suggestions from stakeholders on issues related to the proposed new pricing policy for coal which will be linked strictly to quality.
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.