1 min read Coal India to phase out import of mining equipment costing Rs 4,500 crore "Therefore, it has been planned to phase out import over the period of next five to six years by encouraging and developing domestic equipment manufacturers' capabilities.
WhatsApp: +86 18203695377Coal India has budgeted billion to buy assets in the, Indonesia and Australia during the year ending March 2011 as it battles a widening gap between domestic coal supply and demand. In May 2011, Coal India said it wanted to buy a stake in Massey Energy Co.'s Sidney Underground Mines, and is awaiting a response from the based ...
WhatsApp: +86 18203695377The brokerage house has a Buy rating on Coal India shares with a target price of ₹ 295 apiece. The views and recommendations made above are those of individual analysts or broking companies, and ...
WhatsApp: +86 18203695377History Coal mine, Dhanbad India The Indira Gandhi administration of India nationalized coal mining in phases coking coal mines in 197172 and noncoking coal mines in 1973. With the enactment of the Coal Mines (Nationalization) Act, 1973, all coal mines in India were nationalized in May 1973.
WhatsApp: +86 18203695377Overview. India possesses significant mineral resources, ranking among the top ten global producers of mica, barites, coal and lignite, iron ore, chromite, bauxite, and manganese. During 2018, India mined 95 different minerals from 1,531 mines. In 2017, India produced an estimated 17 million in minerals (excluding atomic minerals).
WhatsApp: +86 18203695377The strong power demand is leading to higher demand from the power sector. The Coal India's first half FY24 production at 333 MT already had risen % yearonyear while total supplies at 360. ...
WhatsApp: +86 18203695377Given below is the list of Coal Mines in India with the states and categories the coalfields belong to: Coal Mines in India. Coal Mine. States. Jharia, Dhanbad. Bokaro. Jayanti. Godda ...
WhatsApp: +86 18203695377Coal India stocks are currently trading at a discount on Nifty to their 10year historical averages. That being said, the stock is affordable and cheaper. Those who are looking to buy Coal India ...
WhatsApp: +86 18203695377Jefferies maintains buy rating on Coal India with a target of Rs 334 per share. Coal India Shares Dip After ExDividend Trading 21 Nov, 2023. Coal India Ltd's shares fell by nearly 4% after trading exdividend, declaring an interim dividend of Rs per share. The company reported a % rise in consolidated net profit for Q2 FY23 and ...
WhatsApp: +86 18203695377Large outstanding dues of power generation companies (gencos) to coal companies may be playing a role in the current power crisis as state gencos had total outstanding dues of about Rs 7, crore to Coal India, as of April 18. Sources said Coal India reduces supply of coal to power houses from states with high dues when there is inadequate ...
WhatsApp: +86 18203695377November 27, 20237:08 PM PSTUpdated 6 days ago. SILKYARA, India, Nov 27 (Reuters) Rescuers on Monday brought in "rat miners" to drill through a narrow pipe and help pull out 41 construction ...
WhatsApp: +86 18203695377Coal provides roughly 70 percent of India's electricity, and the government's most recent plan called for coal to provide for 75 percent of newly installed capacity. Most projections were that the ...
WhatsApp: +86 18203695377The Indian government received good response from institutional investors in the third offer for sale (OFS) of a stake in Coal India, with the nonretail portion oversubscribed by 346%. However, CIL shares have underperformed in the four years since the government offloaded 10% of its stake for INR220bn (3bn) in 2015, returning negative 8%. CIL announced an 8% increase in major coal grade ...
WhatsApp: +86 18203695377Giving 'buy' tag to Coal India shares and OFS, Sumeet Bagadia, Executive Director at Choice Broking said, "Coal India shares have strong support placed at ₹ 220 to ₹ 230 apiece levels ...
WhatsApp: +86 18203695377Stateowned mining giant Coal India (CIL) imports equipment including continuous miners equipment, crawler dozers, drills, dumpers, electric rope shovels, frontend loaders wheel dozers, hydraulic shovels and motor graders.. CIL incurs Rs35bn () on the imports and an additional Rs10bn is paid as customs duty. Hence, a plan has been proposed to phase out its imports in the next fiveto ...
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WhatsApp: +86 18203695377Coal India Limited (CIL) has devised a strategic plan to phase out imports of heavy earthmoving machinery (HEMM) and underground mining equipment over the next six years, the Ministry of...
WhatsApp: +86 18203695377Coal India, the leading coal mining company, announced its Q2 FY24 results on 10 Nov, 2023. The company reported a % increase in revenue and a % increase in profit yearoveryear. This ...
WhatsApp: +86 18203695377Coal India has said in a stock exchange filing that the Board of Directors has "declared 2nd Interim Dividend for the financial year 202223 per share of the face value of ₹ 10/ as ...
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WhatsApp: +86 18203695377Coal India's shares declined almost 5% following India's government's announcement to sell a 3% stake in the company through the offer for sale (OFS) route, starting today. The government seeks to raise Rs 4,200 crore (567 million) from the twoday OFS, with a base offer to sell up to % of the total paidup equity. Retail investors can buy shares on 26 March.
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WhatsApp: +86 18203695377The ministry of coal has recently finalized an action plan for the fiscal year 202324, aiming to achieve a coal production target of 1,012 million tonne. Over the past nine years, India's ...
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WhatsApp: +86 18203695377Coal India Ltd (CIL) witnessed a remarkable 22% sequential growth in consolidated revenues during the December quarter (Q3FY22). One factor that drove this improvement was the strength in price ...
WhatsApp: +86 18203695377Coal India Limited, the largest governmentownedcoalproducer in the world, will hold a meeting of the board of directors of the company on November 10, 2023 (Friday) to consider, approve and ...
WhatsApp: +86 18203695377At the current market price (CMP) of ₹ 235 for Coal India's stock, Religare Broking has recommended 'buy' at a target price of ₹ 260 in an initiation range of ₹ 234 ₹ 236, with an ...
WhatsApp: +86 18203695377Posted On: 19 MAY 2023 4:37PM by PIB Delhi. During the last nine years, India's overall coal production has gone up by 47% to Million Tonne (MT) and supply has touched Million tonne, recording % growth. Major leap in coal production of MT in FY 2023 is the highest in the history of the country. At the same time, as ...
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