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Coal India Ltd (COAL.BO)

COAL.BO on Bombay Stock Exchange

23 Feb 2017
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Rs0.50 (+0.15%)
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Latest Key Developments (Source: Significant Developments)

India's NTPC Ltd capex target for 2016-17 at 300 bln rupees
Monday, 6 Jun 2016 02:49am EDT 

NTPC Ltd : India's NTPC Ltd says projects of 24,059 MW under various stages of construction - statement . Says set to cross 50 GW capacity in 2016-17- statement . Says around 5GW of capacity to be added in 2016-17 - statement . Says to add 1310 MW of solar capacity in near term - statement . Says capex target for 2016-17 at 300 billion rupees - statement . Exec says expect to begin mining Coal from pakri-barwadih mine in 3-4 months . Exec says expect assured returns of 12 percent in fertiliser JV with Coal India . Exec says price hike by Coal India to push up NTPC's generation price by about 8 paise per unit . Further company coverage [NTPC.NS] ((Bengaluru Newsroom; +91 80 6749 1130)).  Full Article

Coal India says May offtake of 45.53 million tonnes
Wednesday, 1 Jun 2016 09:26am EDT 

Coal India Ltd : May offtake of 45.53 million tonnes versus target of 50.90 million tonnes . May production of 42.58 million tonnes versus target of 44.64 million tonnes .  Full Article

Coal India says COMPAT sets aside 17.73 bln rupees CCI penalty on co
Wednesday, 18 May 2016 06:41am EDT 

Coal India Ltd : Competition Appellate Tribunal (COMPAT) sets aside INR 17.73 billion co's CCI penalty in relation to complaints filed by power,non-power companies in 2013 .  Full Article

Coal India & NTPC sign deal to set up JV at 50:50 shareholding basis
Monday, 16 May 2016 05:49am EDT 

Coal India Ltd : CIL & NTPC have signed an joint venture agreement for setting up of a joint venture company at 50:50 shareholding basis .  Full Article

Coal India Ltd - Norway's $863 billion wealth fund bans 52 coal-linked firms - Reuters News
Thursday, 14 Apr 2016 11:38am EDT 

Coal India Ltd:Norway's $863 billion sovereign wealth fund, said on Thursday it had sold shares in 52 coal-dependent companies from its portfolio as part of a policy to fight climate change.A Reuters calculation showed the stakes sold were worth at least $1 billion at the end of 2014, before the fund started big divestments from coal.The biggest holdings included a $188 million stake in CLP Holdings.The fund listed U.S. firms American Electric Power Co Inc AEP.N, AES Corp AES.N and Allete Inc ALE.N among the firms, along with China Coal Energy Co Ltd 601898.SS and Coal India COAL.NS, the world's biggest coal miner by output.Global coal producer Peabody Energy Corp BTU.N, which filed for bankruptcy on Wednesday, was also on the list.The fund sent letters to the companies, but only five responded, it said in a statement. The fund declined to give an overall value of its divestments so far.The fund has a range of ethics criteria for excluding firms from its portfolio, including severe environmental damage, nuclear weapons making, tobacco production and certain labour conditions.  Full Article

Coal India Ltd - Students' body rallies against open-cast mining - TIMIND
Sunday, 21 Feb 2016 06:01am EST 

Coal India Ltd:Expressing concern over open-cast mining carried out by Coal India Limited (CIL) in the Ledo-Margherita coal belt of Tinsukia district, Asom Jatiyatabadi Yuva Chatra Parishad (AJYCP) called for a halt to the practice.ON Saturday, hundreds of AJYCP activists took part in a demonstration near the headquaters of the North Eastern Coalfields (NEC) in Margherita.Citing adverse effects on people's health and the environment, the students' body demanded that the company switch over to underground mining.At present, NEC, which is an arm of CIL, operates four coal mines in the area. Of these, Tirap, Tikak and Ledo are open-cast projects, while at Tipong, the company practises underground mining.General secretary of AJYCP's Margherita unit Kanchan Bora said open-cast mining had destroyed vegetation in the area and rendered large farming areas unproductive and barren. The air quality had also degraded alarmingly in the area.  Full Article

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

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India keen to buy foreign coking coal assets - Minister

Feb 6 Coal India Ltd, the world's top coal miner, plans to acquire coking coal assets abroad as India lacks technology to economically develop local reserves, Coal Minister Piyush Goyal said.