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The Latest Breaking News from Coal India

Mahanadi Coalfields gets govt nod for IPO; Coal India to dilute up to 25% stake

The government approved the listing and disinvestment of Mahanadi Coalfields through an IPO, enabling Coal India to dilute up to 25% stake. MCL may raise fresh capital through multiple routes, marking another major PSU divestment initiative aimed at expanding investor participation in state-owned enterprises.

The Economic Times

Parag Parikh Flexi Cap Fund increase stake ITC, TCS, HDFC Bank and 14 other stocks in April

Parag Parikh Flexi Cap Fund boosted its holdings in ITC, TCS, and HDFC Bank during April. The fund also increased its stake in fourteen other companies, including Indraprastha Gas and HCL Technologies. Exposure was reduced in Coal India and Power Grid Corporation of India. The fund made a complete exit…

The Economic Times

‘Wrong side of history’: Report ties top polluters to countries blocking fossil fuel phaseout

Many state-owned fossil fuel firms that emitted the highest levels of pollution in 2024 went on to block a phaseout roadmap at COP30.

Euronews

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The swagger’s gone: What the last two decades taught me about India’s fading growth dream

Because something is happening here but you don't know what it is Do you, Mr. Jones?– Bob Dylan, Ballad of a Thin Man, Highway 61 Revisited, 1965. I was offered my first job in Mumbai on a very rainy day in September 2005, a few weeks after we had celebrated the…

Newslaundry

Half of world’s CO2 emissions come from 36 fossil fuel firms, study shows

Researchers say data strengthens case for holding firms to account for their contribution to climate crisis

The Guardian - UK

Assam Mine Tragedy: Coal India brings in 500 GPM pump to dewater mine

A joint rescue operation of the Indian Army, Assam Rifles, NDRF, SDRF teams and other agencies continued on Friday to rescue 8 people who have been trapped in a coal mine at 3 Kilo. Read further on Dynamite News:

Dynamite News

Just 57 companies linked to 80% of greenhouse gas emissions since 2016

Analysis reveals many big producers increased output of fossil fuels and related emissions in seven years after Paris climate deal

The Guardian - UK

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Chhattisgarh-based SECL achieves 100 million tonnes of coal dispatch for FY 23-24, fastest since its inception

RAIPUR: Chhattisgarh-based Coal India subsidiary South Eastern Coalfields Limited (SECL) has achieved 100 million tonnes of coal dispatch for FY 23-24. This is the fastest 100 MT coal dispatch achieved by the company since its inception. Last year the company had dispatched around 85 million tonnes of coal in the…

The Times of India

Tamil Nadu’s daily coal stock availability declines

Tamil Nadu's coal stock availability down to 1.5M tonnes; sufficient to run Tangedco's power plants for 10 days. Renewable energy generation (wind & solar) in Aug (till 10th) 1,328.85M units. Coal India supplied 4.5MMT of coal in 1st Q of 2023-24. Railways likely to increase coal transportation capacity by 185MT…

The Hindu

India will not face any shortage of coal this year: Coal Minister Pralhad Joshi

Union Minister of Coal and Mines Pralhad Joshi assures that India will not face any shortage of coal this year even during the monsoon

The Hindu

Northeast India’s largest coal mine went to a company that violated bidding rules

On March 2, Coal Pulz Private Ltd, a private company registered in October 2020, won the bid for the Namchik Namphuk coal mine in Arunachal Pradesh. With nearly 15 million tonnes of geological coal reserves, Namchik Namphuk is the largest commercial coal mine in northeast India, producing one of the…

Newslaundry

Coal India to boost supplies to power plants as heat waves loom

NEW DELHI: Coal India Ltd, which accounts for about four-fifths of the nation’s output of the fuel, is aiming to boost supplies to power plants this summer as unusually hot weather drives electricity demand.

The Times of India

Govt mulls selling 5-10% stakes in Coal India, Hindustan Zinc

NEW DELHI: India plans to sell small stakes in state-run firms including the world’s biggest coal miner and Asia’s largest zinc producer, to ride a stock market boom and boost revenue in the final quarter of the financial year, according to people familiar with the matter.

The Times of India

CIL’s green push: 1,190 MW solar plant in Rajasthan

NEW DELHI: State-run Coal India will set up a solar power project with a capacity of 1,190 mega watt in Rajasthan as part of its carbon mitigation plan, the coal ministry said on Thursday.

The Times of India

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The Guardian - UK

‘Reckless’ coal firms plan climate-busting expansion, study finds

Coal is the most polluting of all fossil fuels and investors must stop funding it, say campaigners

The Hindu

With comfortable coal stocks, no power crisis this festive season, officials say

The Coal Ministry is also coordinating with Railways for rakes for smooth supply of coal to the power sector

The Hindu

New rail link in Jharkhand to add coal evacuation capacity up to 125 MT by March 2023: Government

Government aiming to scale up coal production target to 1.25 billion tonnes by FY25

The Hindu

CIL has not raised prices in four years, Coal India chairman says at AGM

Coal India meets 80% of the country's dry fuel requirement

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The Times of India

Adani lowest bidder in CIL's maiden coal import tender, miner may negotiate price

KOLKATA: Adani Enterprises has emerged as the lowest bidder in Coal India's tender for imports of the dry fuel with quoting over Rs 4,000 crore for supply of 2.416 million tonne, even though the miner is likely to "negotiate the price", an official said on Monday.

The Hindu

Coal India to import for first time in years as power shortages loom

State-run firm to import fuel for blending amid local supply crunch

The Hindu

India to face wider coal shortages, worsening power outage risks

India has stepped up pressure on utilities to increase imports in recent days

The Times of India

Coal India to divest 25% stake in BCCL; plans subsequent listing

NEW DELHI: State-owned Coal India Ltd (CIL) on Thursday said it is planning to divest 25 per cent stake in its unlisted arm Bharat Coking Coal Ltd (BCCL) and will go for the subsequent listing of the subsidiary on stock exchanges after obtaining further clearances.

The Hindu

Coal India to open big, new mine this year to fight power crisis

Coal India's record production has been brightspot in efforts to end India's worst power crisis in more than six years.

The Hindu

Powering up after the power crisis shock

A lesson is that demand growth projections and supply arrangements need to become central to the regulatory process

Reuters

'Bad boys' are back: India doubles down on coal as heatwave worsens power crisis

India is planning to reopen more than 100 coal mines previously considered financially unsustainable, as a heatwave-driven power crisis forces the world's third-biggest greenhouse gas emitter to double down on the fuel after months of low consumption.

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