Coal India Ltd (CIL) on Friday said its production grew by 13 per cent in October so far and the growth in coal dispatch to power sector was around 22 per cent till Thursday.
Coal India Ltd. (CIL) sees long-term gains accruing to it in the wake of freeze on allowances and reduced overtime payments through the National Coal Wage Agreement (NCWA)–X which, however, will dent its bottomline in the short-term.
Coal India Ltd., the world’s biggest producer of the fuel, reported its second straight year-on-year increase in monthly production following a surge in demand from power plants.
State-run miner Coal India Ltd is emphasising on “quick” and “swift” exploitation of the domestic fossil fuel reserves in order to meet future demand and reduce imports, an official said in Kolkata on Thursday.
Hike in coal production in the last three years has helped mining major Coal India Ltd save Rs 25,900 crore in foreign exchange, interim Chairman and Managing Director Gopal Singh said today.
State-run miner Coal India Ltd is emphasising on “quick” and “swift” exploitation of the domestic fossil fuel reserves in order to meet future demand and reduce imports, an official said here on Thursday.
To make it easier for thermal power plants facing coal shortage, the State-owned Coal India Ltd has set up a round-the-clock monitoring cell that aims to ensure steady supply of the feedstock, a top official said on Monday.
Coal India Ltd., the world’s biggest producer of the fuel, reported the first increase in monthly production on a year-on-year basis in five months after power plant inventories plunged and the miner’s own stockpiles declined.
Gopal Singh, the chairman of Coal India subsidiary Central Coalfields has been made the temporary chairman of Coal India Ltd (CIL).
According to Coal India Ltd’s (CIL) outgoing Chairman Sutirtha Bhattacharya, trimming logistics costs will help the miner grow in the long run.