Coal

Coal India’s (CIL) shares gained on Wednesday, breaking their 2-day losing streak after FTSE announced an increase in the free float of the state miner. FTSE has increased the free float of Coal India shares following its offer for sale (OFS). Coal India was among the top five gainers on …

India will not face any shortage of coal this year even during the monsoon, Coal and Mines Minister Pralhad Joshi said on Tuesday. No matter what is the demand this year, the government is prepared to meet the same, the minister said at a conference on underground coal mining. “I …

Kolkata: The Enforcement Directorate (ED) has summoned the husband of a Trinamool Congress councilor, known to be a close confidante of West Bengal Law Minister Malay Ghatak, for questioning in connection with the multi-crore cattle smuggling scam in the state. In a notice, the probe agency has asked Shankar Chakraborty, …

The government has mopped up Rs 4,185 crore through a three per cent stake sale in state-run Coal India. The holding of the government has come down to 63.13 per cent in the coal producer after the offer-for-sale (OFS), CIL said in a stock exchange filing. The government has received …

IL&FS will restart the stake sale process of ITPCL (IL&FS Tamil Nadu Power Co) alongside its ongoing restructuring efforts, with the new IL&FS board seeking to finalise a financial transaction advisor to facilitate the process. At present, ITPCL is restructuring its debt under the prudential framework for resolution of stressed …

Kolkata: Enforcement Directorate (ED) sleuths, probing the multi-crore coal smuggling case in West Bengal, on Monday issued a summon to Rujira Narula Banerjee, wife of Trinamool Congress’ national general secretary and party’s Lok Sabha MP Abhishek Banerjee. She has been asked to be present at ED Central Government Office (CGO) …

Over the years India’s dependence on Coal has been the key question dominating the deliberations on energy policy. Our commitments to the international community on fighting climate change was also a trigger. First the facts: 1. India had in 2015 committed to a target of 40% installed capacity coming from …

New Delhi: The government’s offer-for-sale (OFS) for up to 3 per cent stake in Coal India got over-subscribed by institutional investors on Thursday in post-noon trade. As against 8.31 crore shares of offer, investors have put in bids for 8.74 crore shares, representing 105.04 per cent of the offer size …

New Delhi: The National Stock Exchange (NSE) and BSE will remove the securities of Adani Enterprises from the short-term ASM framework from Friday. On May 24, both the bourses put Adani Enterprises under the short-term additional surveillance measure (ASM) framework. Adani Enterprises’ securities are to be excluded from the short-term …

State-owned Coal India Ltd (CIL) has reported a 9.5 per cent year-on-year rise in monthly production to a record 60 million tonne (MT) in May 2023. The miner, along with its subsidiaries, had produced 54.7 MT of coal in the same month last year, CIL said in a statement on …