The consolidated net profit of Coal India (CIL) rose 34.9 per cent year-on-year to Rs 5,414 crore during January-March 2013.
Tag: Coal India
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Govt takes steps to boost coal output
The union government has envisaged that one of the ways forward to reduce the dependence on imports is to devise a Public Private Partnership (PPP) policy framework with CIL as one of the partners in order to increase the production of coal for supply to power producers and other consumers. Accordingly the Ministry of Coal has set up a Committee to devise a PPP Policy framework with CIL as one of the partners in order to increase production of coal
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CIL to import 15 mt coal
Coal India (CIL) may need to import nearly 15 million tonne coal in 2013-14 to meet the shortfall in domestic coal supplies.
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Govt considers 17 coal blocks for state-run firms
The union ministry of coal circulated 17 coal blocks for allocation to government companies out of which 14 are for specified end-use power and three coal blocks are earmarked for purpose of mining. These blocks would be allotted for eligible companies as per the ‘Auction by Competitive Bidding of Coal Mines Amendment Rules, 2012
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Govt told to make CIL produce coal at allotted mines
Perturbed over the slow pace of development at 119 mines allocated to Coal India, a Parliamentary panel has asked the government to 'act swiftly' and ensure that CIL starts production there. With such a slow pace of work, the committee are unable to understand when the actual production from these coal blocks allocated to CIL will be started, the Standing Committee on Coal and Steel said in its report tabled in Parliament on April 24.
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Govt asks CIL to sign supply pacts with power firms
The Union Coal Ministry has asked Coal India (CIL) to sign fuel supply pacts with the power generation companies, including NTPC, before finalising power purchase agreements with them. The Coal Ministry has directed CIL to sign Fuel Supply Agreement (FSA) with power companies, including NTPC, without waiting for PPAs (power purchase agreements), sources said.
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Experts want govt to allow pvt participation in coal sector
In order to increase coal production in the country, experts suggest government to end the monopoly of Coal India (CIL) and its subsidiaries in the sector. They suggest the government to amend laws to allow more private participation in the space. They want the government to allow foreign and local mining comp
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Project finance: Time for calculating the risks
Employing probabilistic risk models could provide an objective basis of evaluating and tracking risks as they wax and wane through the project stages. Infrastructure projects are all about taking calculated risks, but before taking the risks, one needs to calculate them well,
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Australian miner NRW may invest in India
Australia's leading construction and mining services firm NRW has reportedly expressed interest to form a joint venture with another India-focused Australian miner, India Resources (IRL) to invest in the mining sector in India. NRW proposes to form a joint venture with IRL with a long-term view on the Indian mining sector, which has got
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Coal India’s cost to rise owing to diesel price hike
Minister of State of Coal Pratik Prakash Bapu Patil informed Rajya Sabha that the rise in petrol and diesel prices will impact the cost of coal production in the country. The rise in diesel price would increase the cost of production of Coal India (CIL), which accounts for over 80 per cent of the domestic coal mining, by Rs 600 crore per annu