News: Coal India Ltd (COAL.BO)

COAL.BO on Bombay Stock Exchange

353.30INR
3:15am EDT
Price Change (% chg)

Rs1.75 (+0.50%)
Prev Close
Rs351.55
Open
Rs357.90
Day's High
Rs357.90
Day's Low
Rs353.30
Volume
63,485
Avg. Vol
318,085
52-wk High
Rs423.85
52-wk Low
Rs240.50

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Wed, Aug 27 2014

India's coal crunch - a chance to revamp, reallocate and revive

NEW DELHI/MUMBAI - A court ruling this week that India's decades-old method of granting coal mining concessions is illegal could herald much-needed reforms in a sector long dogged by the inability of state-run Coal India to raise output fast enough.

India to sell 10 pct stake in Coal India-minister

NEW DELHI, Aug 14 - India plans to sell a 10 percent stake in state-owned Coal India Ltd, Power and Coal Minister Piyush Goyal said on Thursday. This will make it one of the many divestments proposed by the new government to bolster its stressed finances.

India considering report on Coal India restructuring-minister

NEW DELHI, Aug 7 - India's coal ministry said it was studying the recommendations of consultants Deloitte on restructuring options for Coal India, the state behemoth that has failed to meet its output target for years despite having access to large reserves.

CORRECTED-India group to nearly triple coal output from mine bought from Rio Tinto

(Corrects transportation cost in penultimate paragraph to $60/T, not $60 mln)

India group to nearly triple coal output from mine bought from Rio Tinto

NEW DELHI, July 31 - An Indian group that has agreed to buy Rio Tinto's Benga mine in Mozambique plans to nearly triple production from there to up to 13 million tonnes per year in three years, the group's chairman told Reuters on Thursday.

Some Coal India mines may be run by foreign firms -minister

NEW DELHI, July 31 - India has identified a few of Coal India's mining projects that could be operated by foreign firms, the coal and power minister said, a step aimed at raising supply from a monopoly that has failed to meet its output target for years.

Coal India undermined by basic equipment flaws

* Modi government exploring Coal India break up and opening up sector-sources

Deals of the day-Mergers and acquisitions

(Adds Allergan, Fox, Forbes, Catalunya Banc, Encana, Daniel Loeb, Chi, Coal India)

Coal India union says to oppose any stake sale

NEW DELHI, July 18 - Unions representing workers at Coal India Ltd, the world's largest coal miner, will oppose any move to sell a stake in the state-owned company as part of the new government's plan to shore up its finances, a union leader said on Friday.

Coal India unit shuts three mines after protests

BHUBANESWAR, India, July 11 - Mahanadi Coalfields, a unit of Coal India Ltd, has stopped operations at three mines in the eastern state of Odisha following protests by locals over company plans to relocate them to make way for planned mine expansion.

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