Mumbai, May 26 (IANS) The Centre will sell up to a 2 per cent stake in public sector mining giant Coal India Limited (CIL) through an offer for sale (OFS) from May 27 to May 29, the company informed the stock exchanges on Tuesday.The floor price for the offer has been set at Rs 412 per equity share, which represents a 10 per cent discount on Tuesday’s closing price of Rs 455.90 on the National Stock Exchange (NSE).The government has proposed to sell 6.16 crore equity shares, constituting 1 per…
Latest Coal India Limited News & Updates
New Delhi, May 26 (IANS) Government-owned mining giant Coal India Limited (CIL) assured on Tuesday that it had adequate coal stocks to meet the peak summer demand from the country’s thermal power plants.The company said that the coal stock buffer currently available for use is around 168 million tonnes (MT), which includes inventories at power plants, CIL mine heads, transit points, and coal in transit through the railway networks.Stocks of the fuel at thermal plants running on domestic coal s…
Kolkata, May 23 (IANS) The Enforcement Directorate (ED), which has become active again in the multi-crore coal smuggling case in West Bengal, has issued summons to an inspector-rank officer of West Bengal Police and five coal traders for questioning.The police officer summoned by the ED is Monoranjan Mondal, former Officer-in-Charge (OC) of Budbud Police Station under the Asansol-Durgapur Police Commissionerate in West Burdwan district.Earlier, during the previous Trinamool Congress regime in We…
New Delhi, May 20 (IANS) India’s electricity demand touched a fresh all-time high for the third consecutive day on Wednesday as scorching temperatures and heatwave conditions across several parts of the country pushed up the use of air-conditioners, coolers and other electrical appliances in homes and commercial establishments.According to the Union Power Ministry, peak power demand during solar hours reached 265.44 GW at 3:45 pm and was fully met without any shortage in supply. The latest fig…
New Delhi, April 8 (IANS) The government on Wednesday said that India currently has sufficient coal stocks at mines, with enough fuel available to meet power generation demand.Joint Secretary, Ministry of Coal, Sanjeev Kumar Kassi, said during an inter-ministerial briefing on recent developments in West Asia, that the government has asked coal companies to ensure adequate supply amid global uncertainties.The ministry has issued guidance to coal producers to keep supplies steady despite rising in…
New Delhi, March 21 (IANS) The country has successfully achieved the landmark of 1 billion tonne (BT) coal production for the second year in a row, Coal Ministry said on Saturday.With the sustained and coordinated efforts across the coal sector and the invaluable contribution of all stakeholders, this significant milestone, achieved on March 20, underscores India’s growing self-reliance in the energy sector and its commitment to ensuring uninterrupted fuel supply to key industries.According to…
New Delhi, March 19 (IANS) India’s thermal power plants have adequate coal stocks of around 53.41 million tonnes which are adequate for nearly 23 days at the present rate of consumption, and further stocks are also being built up at the pitheads of coal mining companies as a proactive measure to meet any exigency amid the disruption in oil and gas supplies due to the Iran war, the Ministry of Coal said on Thursday.The pithead coal stock at the mines of Coal India Limited (CIL), which was 106.78 …
New Delhi, March 11 (IANS) The government on Wednesday said that domestic coal production and supply have continued to outpace consumption this year, resulting in record-high coal stocks across mines and thermal power plants.According to the Coal Ministry, the country’s overall coal stock has reached about 210 million tonnes (MT), which is sufficient to meet around 88 days of consumption at the current rate.Coal stock at the mines of Coal India Limited (CIL) stood at 106.78 MT on April 1, 2025…
Kolkata, March 7 (IANS) West Bengal Chief Minister Mamata Banerjee launched a sharp offensive against the Bharatiya Janata Party (BJP) on Saturday, accusing the saffron party of using its allies and appointees for political gain before abandoning them.Speaking at the site of her indefinite protest against the Special Intensive Revision (SIR) of voter lists in Central Kolkata, Banerjee cited Bihar Chief Minister Nitish Kumar and the recently resigned West Bengal Governor, C.V. Ananda Bose, as pri…
Kolkata, Feb 13 (IANS) The Enforcement Directorate (ED) on Friday said it has attached assets worth Rs 302.89 crore in three separate money laundering cases, an official said.According to press statements issued by the ED, the highest attachment — amounting to Rs 200.02 crore — was made in connection with the Andaman & Nicobar State Co-operative Bank Limited (ANSCBL) fraud case involving alleged financial irregularities.“The attached properties include hotels, resorts and parcels of land…