Friday, August 12, 2022
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Coal India Ltd

Govt: MECL will be merged with CMPDIL; CMPDIL to continue to be CIL subsidiary

Synopsis: Days after media reports claimed that the government was planning to merge CMPDIL with MECL, the government has clarified that MECL is to be merged with CMPDIL, not the other way round

Cabinet okays policy for use of land acquired under CBA Act. Here’s how it’ll impact CIL

Synopsis: With the objectives of facilitating utilisation of land which are mined out or are practically unsuitable for coal mining and for increasing investment and job creation in the coal sector, the Union Cabinet has approved the policy for use of land acquired under CBA Act

Despite push for RE, India will require coal for energy security: Pralhad Joshi

Synopsis: Despite push for renewables, India will require base load capacity of coal-based generation for stability and also for energy security, said Minister for Coal Pralhad Joshi. Being an affordable source of energy with substantial reserve, coal is going to stay as major source of energy in the foreseeable future, he added

CIL ends FY22 with record high coal production, offtake, targets 700 MT in FY23

Synopsis: State-run Coal India Limited (CIL) has ended FY22, scripting a historic high in coal production, offtake and coal despatch to power plants and is targeting to meet coal output and offtake of 700 MT in FY23, said CIL in a statement

Imported coal prices set to rise 45-55% in Q1 FY23: ICRA

Synopsis: Prices of imported coal are set to rise by 45-55 percent in the April-June 2022 quarter as markets face supply disruption following the Russia-Ukraine conflict, rating agency ICRA said in a report

Revision in pension pending for CIL pensioners for 23 years: Pensioners’ body

Synopsis: The non-implementation of revision and increase in pension payable in coal sector under CMPS-98 has caused the pension to stagnate since its implementation 23 years ago, leading to many CIL employees and widows getting pension as low as Rs 1,000 or Rs 500, respectively, said two bodies representing CIL executives & pensioners

Coal India has met 98% of projected coal demand of power plants in FY22

Synopsis: Coal India Limited (CIL) has met 98.5 percent of the projected coal demand of 536 Million Tonnes (MT) projected by the Ministry of Power and Central Electricity Authority (CEA) for the power sector

Pralhad Joshi urges CIL to empower women employees, promote gender equality

Synopsis: On the occasion of International Women's Day 2022, Union Minister for Coal Pralhad Joshi said that it is the responsibility of Coal India Ltd (CIL), as one of India's top corporate women employers, to empower and motivate women workforce

Coal India won’t have luxury to retain loss-making coal mines, says Coal Secretary

Synopsis: State-run coal miner Coal India Ltd (CIL) will not have the luxury to retain its loss-making coal mines in order to remain competitive in the face of privatisation of coal blocks, Coal Secretary Dr Anil Kumar Jain said

India’s coal production rose by 2% to 79.54 MT in Feb year-on-year

Synopsis: India's coal production increased by 2 percent to 79.54 Million Tonne (MT) from 77.99 MT during February this year as compared to February 2020. Out of the top 35 coal-producing mines, 14 mines performed more than 100 percent, said the Ministry of Coal

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