Mahanadi Coalfields

The company is looking at resuming operations as it has received an LoI (letter of intent) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a 25-year power purchase agreement to supply 507 megawatts.

MCL elevates 875 miners, including 715 from underground mines

Out of these 875 workers, 715 have been selected from underground mines in Talcher Coalfields for redeployment in opencast mines as trainees in various skilled functions, the company said in a release.

Coal India arm seeks green nod for Rs 10,000 cr power plant

"Towards gainful utilisation of coal deposits in Basundhara area, Sundergarh district of Odisha...company (Mahanadi Coalfields Ltd) has envisaged coal-based thermal power plant of 1600 (2x800) mw with super-critical technology," CIL (Coal India) arm said in its annual report.

Aadhaar number to be linked to coal mine workers

In a step aimed to benefit over 5 lakh coal mines workers across the country, Aadhaar number would now be linked to their provident fund and treated as the PF number.

Coal India to hold e-auction for power plants this month

The first phase of the auction was held by the PSU in April while the second phase was held in May.

Coal India up 2% as June production rises 10%; Nomura bullish

The robust production growth in June 2016 was led by Mahanadi Coalfields ( up 22 percent) and double-digit growth at Eastern Coalfields (ECL), Central Coalfields (CCL) and Northern Coalfields (NCL).

Coal India arm CCL to buyback shares worth Rs 1,128 cr

Coal India on June 17 said its subsidiary CCL will buy back shares worth Rs 1,128 crore, a move which can help the parent add to the government's divestment programme

Coal India up 1% on subsidiaries share buyback; analysts mixed

Nomura agrees that rising proportion of lower grade coal to keep realisation under pressure, earnings dent from wage revision may not be as high as investors fear. It has a buy rating with a target price of Rs 345 per share. Nomura also thinks that a share buyback seems imminent but quantum will likely lower the dividend payout in FY17.

Coal India arms to buyback shares worth Rs 1,978 crore

The board of directors of Mahanadi Coalfields Limited on June 11 "has considered and approved the buyback of 4,43,973 fully paid equity shares of face value of Rs 1,000 each from the members of the company on a proportionate basis through tender offer," CIL said in a regulatory filing.

Coal India unit declares interim dividend of Rs 2,758 cr

The company said its another arm Central Coalfields Ltd has declared an Interim dividend amounting to Rs 1,457 crore for the 9-month period ended December.

Manmohan Singh moves SC against summons in Coalgate

Singh could have challenged against the order of CBI trial court in the High Court, but he decided to appeal to the apex body directly.

Coal India board ratifies Rs 11,000-cr thermal power foray

The management, without any independent directors on the board, yesterday cleared the project. It also cleared five other mining projects which would generate an additional 30 million tonnes of coal.

No ind director in CIL,MCL power project nod may be delayed

"The board may take up the matter in the next meeting on September 17. Once it is cleared, it would reach the Coal India board for approval," MCL Chairman and Managing Director AN Sahay had said.

Lanco Infratech spikes 4%, may sell Odisha power plant

The debt-ridden infrastructure company is in talks to sell its Babandh power plant in Odisha, reports CNBC-TV18 quoting unnamed sources.

Lanco Infra in talks to sell Rs 3500cr worth Babandh plant

The company is eyeing a valuation of Rs 3500 crore for the power plant that has a total capacity of 1320 MW. The plant that sources its fuel from Mahanadi Coalfields Ltd & Captive Coal Mine at Rampia has all major clearances in place.

CCI slaps Rs 1773cr penalty on Coal India

Competition Commission of India (CCI) has found Coal India is operating independently of market forces and enjoys an undisputed dominance the market for production and supply of non-coking coal in the country.

See FY14 output at 3.5 lakh tonne: Nalco

According to Ansuman Das, the company will continue to keep its production at the current levels and have no plans for any further production cut. Nalco got its coal supply secured till 2018 by Coal India and is confident of giving aluminium output of around 350,000 tonnes for FY14.

Govt may list Coal India subsidiaries

The government is planning to list Coal India's subsidiaries South-eastern Coalfields (SECL) and Mahanadi Coalfields (MCL), reports CNBC-TV18 quoting government sources.

CIL allows power utilities to lift coal directly from mines

Coal India has introduced a one-time offer that allows power utilities to lift the fuel directly from mines. The scheme is available for independent power producers drawing coal under fuel supply agreements (FSAs) as well.

CCI orders probe against Coal India

Competition watchdog CCI has ordered a probe into allegations that coal giant Coal India is imposing unfair conditions for the supply of coal to Maharashtra State Power Generation Company.

NALCO losing Rs 1 cr/day due to coal shortage

State-run aluminium producer NALCO is facing a production loss of about Rs 1 crore per day due to coal shortage, a company official said today.

Fuming CIL wants e-auction to stay, says has SC approval

Coal India is fuming at the Planning Commission's move of curbing down the amount of coal offered for its e-auctioning. In an interview to CNBC-TV18, NC Jha, Chairman of the company said that e-auctions of coal should continue and also has approval of the Supreme Court.