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Tag Archives: Coal India

Mishra may get additional charge of Dir (HR), CIL?

It is reliably learnt that the Appointment Committee of the Cabinet has approved the proposal to give the additional charge of Director (Personnel) of Coal India to Rajeev Ranjan Mishra (CMD, Western Coalfields Ltd). However, the order to this effect is yet to be issued. The post of Director (HR)…

Will Gopal Singh be next CMD, Coal India?

Gopal Singh (CMD, CCL) is said to be ahead in the race among all 07 shortlisted candidates who will try their luck on June 16 for the top post of Coal India. At the same time, Rajeev Ranjan Mishra (CMD, WCL) is also said to enjoy a  lot of goodwill…

‘Coal-week’ for PESB

It would be a ‘Coal Week’ for the public sector headhunter next week. Ever since it started (Feb last week) scheduling the selection interviews for board level posts in CPSEs, almost every working day it has been holding selection interviews. Not only for the PESB board members but Coal Secretary…

CCI slaps penalty on Coal India

  The fair trade regulator Competition Commission of India has levied a penalty of Rs 591.01 crore on Coal India. In its order, the CCI noted that the empowering clause reserving the right to unilaterally terminate the fuel supply agreements without any scope of review by any independent agency is…

Countdown starts for Coal India CMD post

The PESB on 09 March 2017 advertised the post of CMD, Coal India Limited – a post which is scheduled to fall vacant on 01 September 2017 following the retirement of Sutirtha Bhattacharya (IAS:1985:AP) on 31 August 2017. The last date of receipt of applications is May 18. It may…

Coal India CMD post and Singareni connection

  The competition for Coal India’s CMD post has begun in right earnest. Interestingly, the current CMD Sutirtha Bhattacharya (IAS:1985: AP), who is set to superannuate on 31 August 2017, also headed the Singareni Collieries Companies Ltd (SCCL) like his predecessor Narsing Rao (IAS:1986:AP). Those in the know of the…

Coal Ministry against draft NEP

  The Ministry of Coal is said to have cast doubts over the draft National Energy Policy, which favours aligning domestic coal prices with international rates. The lack of consensus between the Centre and the ministry has delayed the policy, which has been in the works at NITI Aayog, the…

CIL working out plan for import replacement

Coal India is working out a plan to substitute imports in the power sector to survive the slowdown in sales that remained flat in the April-August period. According to some sources, popular import varieties from South Africa (5,500 kcal) and Indonesia (4,200 kcal) have become costlier by 5.5 per cent…

Coal India identifies 445 mines for closure

Coal India has identified 476 mines for closure and mine closure plans have been prepared and approved for 445 mines till July 31, Piyush Goyal, Minister of State (Independent Charge) for Power, Coal, Mines and New & Renewable Energy, informed the Parliamentary Consultative Committee on Thursday. Further, according to guidelines,…

CIL on recruitment drive

Coal India has decided to hire 4,500 fresh graduates from IITs and NITs to the management cadre in the next three years beginning next month. It will also recruit an additional 40,000 workmen at the same time. “We will recruit management officials from campuses — mostly from IITs and NITs….

NTPC to do away with coal import

NTPC, India’s largest power generator and coal consumer, may not import any coal this year for the second year running. It plans to source its entire requirement of 155 million tonne from home to run 40 GW of thermal capacity. This is largely because Coal India has substantially ramped up…

CIL hits 99% of production target for June

Coal India has achieved a production of 42.72 million tonnes in June against the target of 43.31 mt for the month. The broader goal is to produce 1 billion tonne of the dry fuel by 2020. The state-owned behemoth, which has eight producing arms, achieved 99 per cent of the…

CIL to auction coal linkages for cement industry

Coal India Ltd will put on offer 2.15 million tonne per annum of coal linkages for cement sector from June 28. Auctions for this sector were originally supposed to begin on June 23. However, more time has been given to allow more bidders to participate. The company began the process…

CIL’s subsidiary SECL to buy back shares

As reported first by Indianmandarins, Coal India announced on Tuesday that its subsidiary South Eastern Coalfields Ltd will buy back shares worth Rs 1,200.19 crore. The move will help the government in realising its disinvestment target of Rs 56,500 crore for the fiscal. Already, a number of CPSUs like Nalco…

Coal India executes first coal-linkage auction

In the first ever electronic auction of coal linkages held on Friday, Coal India received bids worth ₹28.39 crore per annum for a yearly supply of 3,12,000 tonne of the fuel. The fuel will be supplied by Coal India to the winners for five years through road transportation. In the…

COMPAT sets aside CCI fine on Coal India

The Competition Appellate Tribunal (COMPAT) has set aside the Competition Commission of India’s (CCI) order of imposing a ₹1,773-crore fine on Coal India. After complaints filed by the Maharashtra State Power Generating Company and Gujarat State Electricity Corporation, the CCI had fined Coal India ₹1,773 crore for abusing its dominant…

BMS tries to spoil CIL’s investments into high-tech

As Coal India plans to ramp up production with heavy investment in hi-tech machines, one of its trade unions has strongly denounced the move fearing “huge job losses”. Coal India (CIL), which accounts for over 80 per cent of the domestic coal production, is eyeing one billion tonne output in…

CIL’s contract labor portal to be inaugurated today

Coal and Power Minister Piyush Goyal will on Wednesday launch the Contract Labour Payment Management System, a portal of Coal India, to keep a tab on compliance of labour payment and other benefits to contract workers. The minister will also felicitate employees for their “path-breaking work” towards lighting up India…

Govt may encourage cash-rich PSUs to buy back shares

The Government wants cash-rich PSUs like Coal India, Oil India and NTPC to take a cue from the private sector and use surplus cash to buy back shares and improve balance sheets. “Major private sector companies have a treasury wing to make use of their cash balance more effectively. PSUs…

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