The company had recorded provisional production of 12 MT against a target of 11.70 MT as of February 2016, according to a BSE filing by parent company Coal India Ltd. Coal India Ltd is looking at a production target of 1 billion tonnes of coal by 2020.

The government has garnered about Rs 2,638 crore from buyback of shares of state-run Coal India Ltd, Parliament has been informed. CIL has bought back “7,88,42,816 shares from Government of India out of the total offer of 10,89,55,223 equity shares @ Rs 335 per equity shares.

The Delhi High Court has upheld the government's decision to reject winning bids submitted by Naveen Jindal-led Jindal Steel & Power Ltd for two coal blocks.

India has total coal stocks of 80 million tonnes (MT) at its power plants and coal mines put together at the end of February, thanks to the ongoing slump in the demand for power from distribution utilities and the low capacity utilisation of thermal power stations.

Coal India has said that the Board of its subsidiary Northern Coalfields has approved a share buyback plan worth Rs 1,244 crore.

Coal India has said that the Board of its subsidiary Northern Coalfields has approved a share buyback plan worth Rs 1,244 crore.

Coal India Ltd plans to acquire coking coal assets abroad as India lacks the technology to economically develop local reserves, Coal Minister Piyush Goyal has said.

In the early 1970s, the Government of India took over the management of coal mines in two tranches. The process kick-started with the nationalisation of coking coal mines in 1971-72, followed by non-coking coal mines the following year. With the enactment of the Coal Mines Act, 1973, all mines were nationalised.

Minister of State for Coal, Power, Renewable Energy and Mines Piyush Goyal has said that no thermal power plant/coal company has approached CIL (Coal India Ltd) for supply of imported coal for 2016-17.