Gross Calorific Value

Coal India Ltd (CIL) has invited bids from firms for collection of dry-fuel from mining heads and preparation of samples with analysis. The development comes in the backdrop of PSUs like NTPC demanding independent sampling of coal.

UK fund threatens legal action against Coal India directors

Activist UK fund The Children's Investment Fund Management (TCI) threatened legal action against Coal India's directors for not protecting minority shareholder interests, underlining investor dissatisfaction with state-run Indian companies.

SEBs weak finances has made recovery difficult: Tata Power

State electricity boards (SEBs) deteriorating financials have made recoveries difficult, says Anil Sardana, managing director of Tata Power.

Switch to new pricing scheme in calibrated way: Coal India

Speaking to CNBC-TV18, NC Jha, chairman of Coal India said, the switch to GCV has led to huge rise in C, D and part of E quality coal.

Coal India down 1%, analysts mixed on pricing gains

Earlier this week, the company approved a proposal to change its benchmark pricing for non-coking coal to gross calorific value from the current useful heat value. Analysts are mixed about the impact of the new pricing policy, as other worries such as wage hikes, Mining Bill, and use of cash reserves, persist.