State-owned Coal India Ltd (CIL) is yet to enter into fuel supply pacts with 15 power units as certain issues related to them, such as change in ownership and extension of supplies, are being considered separately.
Put minimum burden on consumers while revising prices as nationalisation of coal sector was done to ensure dry-fuel supply to power and other sectors to boost economy and not for "making huge profits", a high-level panel has told Coal India.
A year after Finance Minister P Chidambaram pitched for a public-private partnership (PPP) model for Coal India Ltd (CIL) to bridge the demand-supply gap in the sector, the state-owned miner is set to come out with a tender in this regard next month.
State-owned Coal India (CIL) today said a group of executives has served a three-day strike notice from March 13 for not finalising their demands for performance related pay and new pension scheme, among others.
Coal India, considered a feather in the government's cap in its disinvestment drive is concerned, has slipped below the initial public offering price. In 2010, the government had raised around Rs 15,000 crore in its largest-ever stake sale.
A high-level panel has described e-auctions conducted by Coal India (CIL) as a "tool for manipulation" that benefits only "big traders" and questioned the need for this method of sales when the country is reeling under a shortage of
Two Coal India units that together account for a third of its production expect double-digit growth in output next fiscal year as they use more sophisticated machinery and expand mines, officials at the units said on Tuesday.
Coal India unit Western Coalfields expects to raise output by 10% to 44 million tonne in the next fiscal year due to the use of more sophisticated machinery in its mines, the unit's chairman said on Tuesday.
Days after receiving the draft report from Deloitte on restructuring of state-owned Coal India (CIL), Union Coal minister Sriprakash Jaiswal today raised questions over the rationale behind the proposal, indicating he would prefer shelving the
Offtake decline, lower e-auction realisation and an increase in production cost, had an impact on the performance of state-run Coal India Ltd (CIL) which on Wednesday reported an 11.4 per cent drop in consolidated net profit at Rs 3,894 crore for the