Coal India Ltd. News

Chairman Pramod Agrawal said that it is focusing on ramping up production to secure a stock of about 70 million tonne by end of the current fiscal

As the consumption of power fell sharply in Q1, Coal India’s dispatches were hit, sliding 22% y-o-yAnalysts point out that revenue could shrink by about 9% this year, which would hit operating leverage

Coal Minister Pralhad Joshi reviewed the progress made in operational activities of Talcher Fertilizers Ltd and asked it to expedite the coal gasification project

Joshi says the Coal India Ltd has been given the specific target of one billion tonnes of production by 2023-24 and for that 60 new coal blocks have been allotted to it

The Kolkata-based miner realised ₹18,015 crore in October-December from fuel supply agreement (FSA) at ₹1,411 per tonneNet sales stood at ₹21,566.41 crore during the quarter under review as against ₹23,385.43 crore in the corresponding period a year ago

Investors are wary of potential government stake sales, which would lead to an increase in free floatFor December, production and sales volume increased by 7% and 2%, respectively, on a year-on-year basis

With volumes in e-auction sluggish and the immediate outlook for long-term sales not encouraging, analysts are paring down their expectationsFalling electricity generation is reducing the need for fuel

The continuous supply of Coal India paper due to government’s disinvestment programme is another overhangThe government’s recent tax cut could, however, improve its earnings marginally this year

Five federations representing over half-a-million workers of CIL and Singareni Collieries have called for the strikeThey are seeking withdrawal of the central government's move

These stocks have been hammered ever since the govt announced plans to raise over ₹1 trillion through divestmentsDivestments tend to cause a spike in free-floats