Coal India Ltd (CIL) is facing the basic problems of not having enough mechanical shovels, dumpers and explosives. The new government, which has a 90 per cent stake in the $40 billion company,
Tag: Coal India
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Finance Ministry looks to divest stakes in 7 PSUs
The finance ministry is working on a road map to divest stake in seven big state-run companies, which include Coal India, SAIL, MMTC, NMDC, NHPC and Nalco.
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CIL not to be split
Power and Coal Minister Piyush Goyal has said the government will not split Coal India (CIL) but will work to smoothen the edges and improve its performance. The new government wants to fix the coal sector quickly to ensure uninterrupted
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CIL June output misses target
Coal India (CIL) achieved an output of 34.54 million tonne (mt) in June, missing its target of 36.54 mt. This comes at a time when the PSU is drawing flak for missing production targets.
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ICVL eyes 100% stake in Mozambique coking coal mine
International Coal Ventures Ltd (ICVL), a joint venture set-up between state-owned companies to buy coal mines abroad, is inching closer to bid for acquiring 100 per cent stake in a major coking coal property in Mozambique.
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Coal India CMD quits
S Narsing Rao has stepped down as the Chairman and Managing Director of Coal India to take up a new role as Principal Secretary to K Chandrasekhar Rao, the Chief Minister of India's 29th state Telangana from June 2. Meanwhile, there is no word yet on the successor of Rao in Coal India after his resignation.
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Action plan for CIL
Coal India (CIL) has been asked by the new government to prepare an action plan for enhancing output over the next five years and fast-track the completion of projects and expansion of existing coal mines. The government has also asked CIL to adopt an action plan for technology development and modernisation of mines.
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NTPC invites bids for coal import
NTPC has invited bids from global suppliers to meet fuel requirement for its 12 power plants. The company intends to import 7 million tonne (mt) of coal in the first phase to meet blending requirements for its projects.
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Thermal coal cargo throughput at major ports up
The country's major ports saw 22 per cent jump in imported thermal coal cargo at 71.60 million tonne (mt) in 2013. Handling of coking coal, which is used mainly for steel-making, witnessed an 18.26 per cent increase
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CILs 2014-15 output at 507 mt
The production target for Coal India (CIL) has been fixed at 507 million tonne for 2014-15, according to its Chairman and Managing Director S Narsing Rao. CIL, which accounts for over 80 per cent of the domestic production, contributed 452.5 mt of coal in 2012-13 as against the target of 464 mt.