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Coal India Ltd
28 Mar 2024 12:00 AM
Coal India breaches annual supply target of 610 MT to power sector,
Coal India`s (CIL) coal supplies to thermal power plants of the country hit 610.8 million tonnes (MTs) on Wednesday surpassing the annual target of 610 MTs to this sector. This was highest to date and the company achieved the feat four days earlier than the FY 2024 closure. Compared to 581.5 MTs of last fiscal`s same period the increase was 29.3 MTs or 5% higher. Currently CIL`s supplies to the coal fired plants are averaging 1.76 MTs per day amidst growing demand from the power sector. This is the second consecutive year that CIL`s coal supplies to power sector exceeded the target. In FY 2023 off-take to power plants was 586.6 MTs against the programmed commitment of 565 MTs. Bolstered by higher supplies from CIL, coal stock at domestic coal-based power plants shot up to 47.1 MTs (as on 26 March) ahead of onset of the summer. The stock is 13.7 MTs more compared to same period last year. Coal stock at power plants was 33.4 MTs as of same date in FY 2023.Powered by Capital Market - Live News
Coal India Ltd
15 Feb 2024 12:00 AM
Coal India signs MoU with Haryana Power Purchase Centre,
Coal India on Thursday signed a memorandum of understanding (MoU) with Haryana Power Purchase Centre (HPPC) which expressed its interest to purchase 800 MW of power from `Mahanadi Basin Power` (MBPL) a wholly owned subsidiary of Mahanadi Coalfields (MCL). The MoU`s purpose is to formalise and define the basic framework of discussions for the power purchase agreement. MCL is the highest coal producing arm of CIL that operates in Odisha. Haryana State is keen to ensure electricity availability to meet its expanding energy demand. As per the MoU framework, power purchase will be under Section-62 of the Electricity Act, 2003. This refers to determining the power tariff in accordance with the provisions of the act, by the appropriate commission, for supply of electricity by a generating company to a distribution licensee. Powered by Capital Market - Live News
Coal India Ltd
13 Feb 2024 12:00 AM
Coal India appoints CFO,
Coal India has appointed Mukesh Agrawal, Director(Finance) as the CFO of Coal India (CIL) vice S.K Mehta, ED (Finance) w.e.f 13 February 2024.Powered by Capital Market - Live News
Coal India Ltd
13 Feb 2024 12:00 AM
Coal India receives one-day strike notice,
Coal India (CIL) is in receipt of strike notice regarding one day All India Strike in entire CIL / Subsidiaries on 16 February 2024 from CTUs - HMS / AITUC / INMF (INTUC) / CITU. Powered by Capital Market - Live News
Coal India Ltd
13 Feb 2024 12:00 AM
Coal India consolidated net profit rises 16.94% in the December 2023 quarter,
Net profit of Coal India rose 16.94% to Rs 9069.19 crore in the quarter ended December 2023 as against Rs 7755.55 crore during the previous quarter ended December 2022. Sales rose 1.79% to Rs 33011.11 crore in the quarter ended December 2023 as against Rs 32429.46 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales33011.1132429.46 2 OPM %34.4532.03 - PBDT13635.2811855.65 15 PBT12374.9310593.68 17 NP9069.197755.55 17 Powered by Capital Market - Live News
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