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
Coal India's two subsidiaries Mahanadi Coalfields and Northern Coalfields will buyback total shares worth around Rs 1,978 crore from their shareholders.
A high-level panel has deferred green clearance to Coal India's 10 MTPA washery in Odisha and sought more information from the company, a move that may hit government's plan to provide quality fuel.
Four of the top 10 most valued Indian companies together added Rs 38,703 crore to their market valuation last week, with CIL emerging as the biggest gainer.
State-run Coal India today said that it achieved a production of 42.58 million tonnes in May, lower than the target of 44.64 million tonnes (MT) for the month.
Progressive improvements in the safety standard of India’s coal mines notwithstanding, every ten days last year there was a mining fatality in the country.
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
The recent hike in domestic coal prices would result in increase in the cost of generation for coal-based power plants by up to 10 paise per unit, domestic rating agency ICRA today said.
Following a marathon board meeting till 1 am, Sunday, Coal India Ltd finally reported a 3.99% year –on –year rise in its net profit to Rs 14,274.29 crore in FY 16, from Rs 13,726.61 crore last fiscal.
State-run miner Coal India today said it has entered into a pact with power major NTPC Ltd for setting up a joint venture firm to revive fertiliser plants at Sindhri and Gorakhpur.
Coal India said it has entered into a pact with power PSU NTPC for setting up of a joint venture firm to revive fertiliser plants at Sindhri and Gorakhpur.
