Key Developments: Coal India Ltd (COAL.BO)

COAL.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Coal India Ltd announces Joint Venture Agreement between CIL, GAIL, RCF and FCIL
Wednesday, 28 Oct 2015 05:20am EDT 

Coal India Ltd:Have entered into a Joint Venture Agreement on Oct. 27, for incorporation namely viz. RASHTRIYA COAL GAS FERTILIZERS LIMITED.Says to establish and operate new coal gasification based Fertilizer Complex (Ammonia Urea Complex) at Talcher along with power plant and associated facilities at Talcher unit of FCIL and to market its products.  Full Article

Coal India Ltd declares interim dividend
Friday, 27 Feb 2015 05:33am EST 

Coal India Ltd:Approves payment of interim dividend for FY 2014-15 at 20.70 Indian Rupees per share of face value of 10 Indian Rupees.Says date of payment is on and from March 10.  Full Article

Coal India Ltd fixes record date for interim dividend
Friday, 20 Feb 2015 01:07am EST 

Coal India Ltd:Says it has fixed March 04 as the Record date for the purpose of payment of interim dividend on equity shares for the Financial Year 2014-15, if declared by the Board.  Full Article

Coal India Ltd to form two joint ventures
Tuesday, 23 Dec 2014 04:34am EST 

Coal India Ltd:Company will form two joint ventures namely JV 1 and JV 2 stating as;.JV 1 - Coal Gasification with GAIL as major partner.JV 2 - For fertilizer i.e. Ammonium Nitrate (AN) plants, coal mine, coal washery, power plant & utilities with RCF and CIL as major stake holder.Board of Directors, Coal India Limited accorded its ‘In principle approval’ to above JV.  Full Article

Coal India Ltd to get new chairman-Business Standard
Thursday, 18 Dec 2014 05:30am EST 

Coal India Ltd:Sutirtha Bhattacharya, will take over as the head (chairman) of a key meeting at Coal India's headquarters on Dec. 30-Business Standard.  Full Article

Coal India Ltd workers threaten 5-day strike against govt's stake sale plan-Business Standard
Thursday, 18 Dec 2014 04:52am EST 

Coal India Ltd:The labour unions of Coal India Ltd have threatened to go on a five-day strike beginning Jan. 6 to protest government plans to sell off a stake and end the company's monopoly in mining and distribution-Business Standard.Workers will also go on a separate strike on Jan. 13 to press for better working conditions, including a five-day week with 35 hours of work, Jibon Roy, general secretary of the All India Coal Workers Federation said.  Full Article

CCI directs Coal India Ltd to desist from unfair business ways-Business Standard
Tuesday, 28 Oct 2014 09:46am EDT 

Coal India Ltd:Competition Commission of India (CCI) asked the state-owned miner to cease and desist from unfair business practices-Business Standard.CCI Passed two fresh orders on different complaints.  Full Article

Coal India Ltd announces appointment of auditor
Saturday, 25 Oct 2014 01:38am EDT 

Coal India Ltd:Appoints M/s Chaturvedi & Co., Chartered Accountants, Bentinck Street, Kolkata - 700 069 as Statutory Auditor of the company for the year 2014-15 vice De Chakraborty & Sen, Chartered Accountants, Kolkata.  Full Article

Coal India Ltd joint venture announces acquisition of 2.6 bln tonnes coal resource in Mozambique
Wednesday, 30 Jul 2014 04:14am EDT 

Coal India Ltd:Says International Coal Ventures Pvt. Limited, a joint venture Company of Steel Authority of India Limited, Coal India Limited, Rashtriya Ispat Nigam Limited, NMDC Ltd. and NTPC Ltd signs an agreement for acquisition of 2.6 bln tonnes coal resource in Mozambique with Rio Tinto Plc., UK.  Full Article

Coal India Ltd announces changes of chairman-cum-managing director
Friday, 27 Jun 2014 06:38am EDT 

Coal India Ltd:Says S. Narsing Rao has submitted his resignation as chairman-cum-managing director and his resignation was accepted by the competent authority with effect from June 26.Also says A. K. Dubey, Addl. Secretary, MoC the additional charge of chairman-cum-managing director for a period of three months or until further orders.He has taken over the charge of chairman-cum-managing director of CIL on June 26.  Full Article


Coal India may buy back shares worth at least $368 mln from govt - source

NEW DELHI/BHUBANESWAR, India Coal India Ltd is likely to buy back shares worth at least 25 billion rupees ($368 million) from the government, a source familiar with the matter said, as the finance ministry looks to state firms for cash ahead of the union budget.

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