Coal India Limited share price saw a 4 per cent jump on Monday after the company informed the market regulator that production for the month of February recorded a growth of 14.2 per cent on-year basis.
Coal India shares declined as much as 2.72 per cent in the early trade on Wednesday after the PSU on Tuesday registered 14.78 per cent fall in consolidated net profit at Rs 3,065.28 crore for the quarter ended June 30, 2016
Consumers of coal are facing the heat of coal price hikes for the third consecutive time in the last six months, since before the revision of coal prices in by Coal India (CIL) board, there were increases in royalty and clean
State-owned CIL's consultancy arm CMPDI has invited applications from global firms for providing consultancy on formulating bid documents with regard to development of underground coal gasification projects.
"Record coal production by CIL leads to a reduction in import by 34.26 million tonnes (MT). Results in a saving of Rs 28,070 crore in foreign exchange during 2015-16," Coal Secretary Anil Swarup said in a tweet.