Although the market is abuzz with apprehensions on the impact of the new pricing mechanism on revenues for Coal India, NC Jha, the Chairman of the company said the move will only lead to better demand quality and will result in higher revenues.

May spare Rs 15Kcr if govt offers decent returns: CIL

Coal India could be the knight in shining armour for the Centre, which is struggling to meet a part of its Rs 40,000 crore divestment target for this fiscal.

Expect clarity on wage, price hikes by Dec-end: Coal India

Coal India, the world's largest coal miner, witnessed 74% rise in Q2 net profit on a year-on year basis, given the rise in coal prices. Its net profit for Q2 stood at Rs 2,593 crore.

Platts' top 250 global energy cos list: Who gets what & why

Energy information provider Platts today came out with its top 250 global energy company rankings. Indian public sector coal major, Coal India took second rank in Platts' list.

October's e-auction quota being offered to power cos: CIL

The power sector is facing acute shortage of coal. C Jha, chairman of Coal India said, in order to make more coal available to power companies, this month’s e-auction quota is being offered to them. "We will offer four million tonne meant for e-auction in October to power cos. diversion of e-auction quota will not have much impact," he added.

CIL expects to resolve bonus issues with workers soon

Coal India workers' unions have called country-wide shutdown on 10 October 2011 over their demands for bonus and ex-gratia. R Mohandas, director of personnel and industrial relation at Coal India expects to resolve the bonus issues with workers.

Eyeing Rs 2,200 cr topline growth, says Mcnally Bharat

An order worth Rs 200 crore in the month of October has taken the total order book pf Mcnally Bharat to Rs 1,000 crore, says Deepak Khaitan, chairman of the company.

New mining bill can dig EPS pains for major miners: Experts

The Cabinet today cleared the new Mines and Minerals Development and Regulation Bill, 2011. The new bill mandates a 26% post tax profit-sharing by coal miners for the project-affected people. While the step aims to benefit tribals in the minning areas, experts say the move is all set to push down profits of major mining and power companies.

Sure of resolving labour, output issues soon: Coal India

NC Jha, chairman at Coal India is confident that the offer made to PSU major’s workforce will resolve the ongoing labour unrest. “We are certain that Rs 17,000 bonus will be suffice to avert a union strike,” he said.

MoEF clearances on a case-to-case basis now: Coal Min

The coal ministry will approach the Ministry of Environment and Forest (MoEF) for clearances on a case-to-case basis, said Coal Minister Sri Prakash Jaiswal.

Orrisa plant may commission by Apr-Sep 2012: GMR Infra

A Subba Rao, Group chief financial officer, GMR Infrastructure expects Vemagiri plant to be ready for generation by last quarter of the current financial year.

No disruption in coal provision to sectors yet: Coal India

NC Jha, chairman of Coal India tells CNBC-TV18 that Bharat Coking has not yet received any notice from the Jharkhand pollution board. "Production continues and there is no diruption in providing coal to various sectors yet," he says.

Coal India has not halted production at Jharkhand: NC Jha

Coal India (CIL) has not stopped production from its mines even as the central pollution board has ordered a closure of its 22 opencast mines in the eastern Indian province of Jharkhand.

Jharkhand ban may not affect volumes this month: Coal India

R Mohan Das, director (Personnel & Industrial Relations), Coal India, in an interview with CNBC-TV18's Mitali Mukherjee said that the company has been asked to give clarifications regarding those 22 mines but no closure notice has been issued yet by the Jharkhand state pollution board.

Coal India aims to liquidate 25 mt coal going forward

NC Jha, chairman of Coal India is delighted to hear that our company has become the most valuable company in India. Speaking to CNBC-TV18's Latha Venkatesh and Gautam Broker, Jha said that the company aims to liquidate 25 million tonne coal going forward.

Will not be able to pass on cost hikes to consumers: ACC

Cement manufacturer ACC reported a 6% dip in profit after tax (PAT) at Rs 328 crore for the quarter-ended June 2011. The EBITDA margins came in at 21.6% compared to 25.5% year-on-year. Speaking exclusively to CNBC-TV18, CFO Sunil Nayak said, the dip in EBITDA was due to higher raw material prices and power supply issues.

26% profit-sharing to pare 5.5% of Coal India rev: ex-CMD

Partha Bhattacharya, ex-chairman of Coal India, in an interview with CNBC-TV18’s Mitali Mukherjee and Udayan Mukherjee, said that the 26% net profit will translate to about 5% or 5.5% of total sales.

Rains dampen Coal India's growth, but bullish on road ahead

Coal India’s production and growth has slowed down in the past two months. This, chairman NC Jha says is on the back of heavy rains. However, for the current year, he expects to produce 452 million tonne coal.

Coal shortage not private, but national worry: Adani Power

In an interview with CNBC-TV18, Ravi Sharma, CEO of Adani Power said that coal shortage is a national issue and not an individual company's concern. He added that companies without integrated business model are likely to be affected by the shortfall.

Poor investor sentiment might plague ONGC FPO: Ex-chairman

RS Sharma, former chairman of state-run Oil and Natural Gas Corporation (ONGC) says that the government will not realise good value from the company's FPO without providing clarity on issues like pricing and subsidy sharing.

NTPC aims to double power generation growth this fiscal

India's largest power company NTPC aims to double growth in power generation this fiscal, said chairman and managing director Arup Roy Choudhury. He is confident of achieving an additional capacity of five gigawatt (GW) this year.

Rake availability not an issue currently: Coal India

NC Jha, Chairman, Coal India in an interview with CNBC-TV18 said that the company is planning to ramp up the coal production to 9% from the current 6% soon.

Coal India eyes 477 mn tn coal sales FY12

"About 30% of our revenues came from sales through market driven price and 70% was from the FSA (Fuel Supply Agreement) based notified price sale," Coal India chairman NC Jha told CNBC-TV18 in an interview.

Power supply must be met before e-auctioning: Power Min

Power minister Sushil Kumar Shinde, in an interview with CNBC-TV18's Sonia Shenoy and Mitali Mukherjee, demanded complete supply to the power sector before considering the e-auction.

Coal price hike to not affect future earnings: Adani Power

In an exclusive interview with CNBC-TV 18's Gautam Broker and Reema Tendulkar, chief financial officer Prabal Banerji said the plant load factor (PLF)across all units was than 91% in the previous quarter. He also added, the company has steady cash reserves for the next 25 years to come.