Coal India surpasses annual production target growth in 2023
In November 2023, the total coal output reached 66 MTs, showcasing an 8.7% increase compared to the 60.7 MTs recorded in November 2022, reflecting a substantial rise of 5.3 MTs
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Indian Chemical Firms Take Fight To China
India's initiative to indigenise chemicals is meant to emerge as an alternative to China in global markets.
73,800 Coal India miners to lose jobs by 2050 as country moves to green energy
India employs 3,37,400 miners at its operating mines, though studies say the local mining sector has 4 “informal” employees for each direct employee, says GEM report
Coal India to sell 0.15% equity stake to employees via OFS; stock down
Shares to be sold at ₹226.10 apiece; employee OFS will remain open from June 21, 2023, to June 23, 2023
Coal India shares nosedive 5% on govt stake sale plan
The government plans to sell 3% stake in CIL at a floor price of ₹225 per share, a discount of 6.7% to Wednesday’s closing price.
Coal India hikes prices of high-grade fuel by 8%; stock falls 2%
The price hike is expected to generate incremental revenue of ₹2,703 crore for the balance period of financial year 2023-24, says CIL
Domestic coal production up 14.7% to 892 MT in FY23; FY24 target is one billion MT
Coal India Limited (CIL) continued to be the largest producer of domestic coal accounting for 78.8% of the total production during FY23.
Indian economy resilient in Oct-Nov: ICRA biz activity index
The monthly index improved to 13% in Nov from 7.4% in October. The composite tool that gauges economic activity each month posted an average YoY expansion of 10.2% in Oct-Nov 2022.
Power sector Q2 preview: Higher generation, power sales to boost profitability
Power sector heavyweights such as NTPC, Power Grid, Coal India, Tata Power, and NHPC are expected to report double digit growth in profits in Q2 FY23.
Coal India's output surges 20% in first half of 2022-23
The coal producer registered the highest incremental growth of 19.7% or 49 million tonnes during the period, compared to 250 MT of H1 last year.
