Nc Jha

Coal India hopes higher revenues after a change in its pricing method will offset the impact of a likely wage increase, Chairman NC Jha said.

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.

No idea of any govt's divestment plans: CIL's NC Jha

The government has been drawing up a new strategy to meet its divestment targets for the fiscal year. A divestment white-paper first reported by CNBC-TV18, suggests the government is looking at various options including buybacks and cross purchase of shares by PSUs, but it seems the PSU majors are in dark about the buyback plan.

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.

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.

Coal India: Short-lived reign at the top, margin fears loom

Till a few days back, Coal India was the toast of the town, having knocked Reliance Industries off its perch as the company with the highest market capitalization

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.

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.

Coal India Q1 PAT soars 64% to Rs 4143 cr

Coal India's FY11 first quarter profit soared 64% to Rs 4,143 crore. As it rode on higher coal prices, the company had raised prices in February by up to 30% for some industries to offset higher costs. During the period, sales grew 27% to Rs 14,500 crore.

Coal India talks with workers on wage revision underway

Close on the heels of its workers' unions calling off a three-day strike to press their demand for a wage hike, Coal India Ltd (CIL) today said negotiations with the employees were underway and a decision on the salary increase is expected in another six months.

Coal India says awaits govt nod for overseas buys

Coal India, the world's largest coal miner, is in talks for one acquisition each in Indonesia, Australia and the United States, its chairman said on Monday, adding it would only proceed after getting the green signal from the government.

Coal India evacuated around 10MT of coal in Q1: Jaiswal

Coal India (CIL) evacuated about 10 million tonne (MT) of coal from its pithead in the April-June quarter of the current financial year, the government said today.

Coal India bullish on volume growth: NC Jha

NC Jha, Coal India’s chairman, said that India’s coal production has slowed down in the past two months due to heavy rains, yet he is bullish about his company’s growth targets.

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.

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.

Not about price, Coal India says Railways lack capacity

The planning commission, power ministry and private sector power producers are all ranged against Coal India's e-auction of coal. As this proposal goes for discussion at the Prime Minister's review meeting in June, the coal giant feels that “the issue is in infrastructure availability and not the price,” reports CNBC-TV18's Mehak Kasbekar.

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.

Wage hike from July 1 can shoot up prices, says Coal India

Denying all the speculations of cancelled coal blocks being awarded to Coal India, its chairman NC Jha says that the company is all set to hike wages due from July 1, 2011. Jha says, "The company may hike prices in order to compensate for wage hike." The company is set to take a call on the price hike by the end of June.

Coal India to get extra realisations of Rs 6,500cr in FY12

NC Jha, Chairman of Coal India in an interview on CNBC-TV18 said that he didn't foresee any decline in volumes next year, although, the price hike is expected to impact 32% of total volumes. "We have not achieved our targeted production in FY11," he said.