Coal India arm MCL registers record production, dispatch in FY21
NEW DELHI: Mahanadi Coalfields Ltd (MCL), a subsidiary of Coal India Ltd, on Friday said it has posted a record production of 148.01 million tonne and achieved the highest-ever dispatch of 146 million tonne in the 2020-21 fiscal. These achievements by the Odisha-based miner will help Coal India, a Maharatna PSU, strengthen its foundation to […]
Coal India signs Rs 2,900 crore pact for procurement of dumpers
NEW DELHI: State-owned Cola India Limited (CIL) on Wednesday said it has entered into a pact worth Rs 2,900 crore with a Belarus-based mining equipment manufacturer for purchase of dumpers. The pact is for purchase of 96 dumpers of 240 tonne capacity each, Coal India Ltd (CIL) said in a statement. ‘CIL on Saturday last […]
Narendra Modi government should not hoard mines: Naveen Jindal
NEW DELHI: Jindal Steel and Power Ltd Chairman Naveen Jindal on Wednesday said the Union government (Narendra Modi government) should not “hoard” mines and create artificial scarcity, putting up only a few blocks for auction. He said India being a very competitive market, such scarcity leads to intense bidding and unsustainable valuation. “Government has taken […]
Coal India to invest over 1.22 lakh crore on 500 projects by 2023-24: Pralhad Joshi
NEW DELHI: With an aim to achieve 1 billion tonnes (BT) coal production by the year 2023-24 and make the nation Aatmanirbhar in Coal, National Miner Coal India Ltd (CIL) will invest over Rs. 1.22 lakh crores on about 500 projects related to coal evacuation, infrastructure, project development, exploration and clean coal technologies, said Union […]
Tech Mahindra bags Rs 270 crore deal for enterprise modernization from Coal India
NEW DELHI: Tech Mahindra Ltd. a leading provider of digital transformation, consulting and business reengineering services and solutions, has announced today an Rs 270 Cr deal to enable digital transformation for Coal India Limited. The engagement, which will span over five years, is aimed at enterprise modernization. The primary objective of setting up an integrated […]
Coal India wants a coal export policy
KOLKATA: Coal India wants a policy on coal exports before it could finalise commercial contracts for exporting the dry fuel, a senior CIL official said. “There is need for a policy. But, we are not aggressive as we are facing high demand in the domestic market and the initial aim is to fulfil that,” the […]