Coal India (CIL) has reported a 22 per cent decline in consolidated net profit at Rs 2,884.4 crore for the third quarter ended December 31. Net profit came in at Rs 3,718 crore in the same quarter of the previous financial year.
Tag: Coal India
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Abandon state monopoly in coal and captive mining
The coal sector remains the most inefficient and least open to private investment, despite coal being the country´s primary source of fuel, says Krrishan Singhania, Managing Partner, Singhania Associates.
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CIL hikes coking coal prices by over 20percent
Coal India subsidiary, Bharat Coking Coal, has raised prices of coking coal used in sponge iron making by a minimum of 20 per cent. It has also linked prices of premium grades of coking coal with the import prices.
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Coal Ministry to move Cabinet for fuel linkages to power sector
The Coal Ministry will soon seek Cabinet approval for the auction of coal linkages for the power sector.
“It is broadly finalised. We will take it to the Cabinet soon,” said Coal and Power Minister Piyush Goyal. “We will soon go for inter-ministerial consultations. The whole process has been finalised.”
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Coal India hikes coking coal prices by over 20 per cent
Coal India subsidiary, Bharat Coking Coal, has raised prices of coking coal used in sponge iron making by a minimum of 20 per cent. It has also linked prices of premium grades of coking coal with the import prices.
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Coal India close to achieving e-auction target for FY17
Coal India has almost achieved its e-auction target for the current fiscal, and is looking at offering additional supplies.
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Coal dispatch by CIL to power sector dips 13%
In view of weak power demand, the dispatch of coal by Coal India (CIL) to the power sector declined by 12.7 per cent to 26.4 million tonnes (MT) in August this year.
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A Mine of Opportunities
Of all mining equipment globally, surface mining equipment enjoyed the highest market share, around 31 per cent, in 2015. Mineral processing equipment, underground mining equipment, mining drills and breakers, crushing, pulverising and screening equipment, and other mining equipment lagged behind.
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Coal dispatch by CIL to power sector dips 13percent
In view of weak power demand, the dispatch of coal by Coal India (CIL) to the power sector declined by 12.7 per cent to 26.4 million tonnes (MT) in August this year.
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Coal India sells linkages
Coal India, the Indian coal behemoth, has ended up selling most of the linkages offered to captive power producers. These linkages are critical as they act like long-term assurance for supplies.