Coal News We love to talk!
Three subsidiaries of Coal India ( CIL) helped the staterun mining behemoth post a near double-digit year-on-year expansion in sales in the first three quarters of this fiscal year. On Friday, Coal India reported a 9.1 per cent in crease in production at 373 million tonnes (MT) for the April-December 2015 period.
Central Coalfields, South Eastern Coalfields and Mahanadi Coalfields registered 13.3 per cent, 11.9 per cent and 12.6 per cent sales growth, even as sales at the remaining five coal producing subsidiaries grew at a slower pace. Production at Central Coalfields, South Eastern Coal fields and Mahanadi Coalfields expanded 13.6 per cent, 16.7 per cent and 11.8 per cent.
Eastern Coalfields' sales dropped 0.4 per cent in the nine-month period from a year earlier. The subsidiary sold 27 MT of coal and managed to achieve only 88 per cent of the target for the period. The unit also failed to achieve its production target -it managed just 93 per cent of the aim -as production fell 2.4 per cent.
- Citi cuts thermal coal price estimates as supply zooms Read more
- Ruias to shift focus to steel, power Read more
- Power sector loans worth 4 lakh crore may be at risk: Crisil Read more
- Solar major S&W set for third international order Read more
- Engineers demand blueprint for 24-hr power supply in UP Read more
- Petrol pumps credit, debit cards ban: Never levied 1% surcharge at petrol pumps, clarifies Delhi Petrol Dealers Association Read more
- Govt may revise coal production target of 1 bn tonnes set for 2020 Read more
- ExxonMobil, BP, RIL likely to give oilfield auction a miss Read more
- Green bonds can potentially fund renewable energy, says CRISIL report Read more
- GAIL scraps $7-bn LNG tender Read more