Citizen Infoline Ltd. News and Updates

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01 Feb 2025

34.95

-4.98%

Coal India's output dips 0.8% in Jan, first monthly decline in FY25

Business Standard

Coal India Ltd (CIL) on Saturday reported its first monthly production de-growth with the miner's output reducing by 0.8 per cent year-on-year in January. The company produced 77.8 million tonnes (MT) of coal in January as compared to 78.4 MT in the year-ago month. Despite the January production decline, CIL's management remains optimistic about achieving strong growth in the February-March period of the current fiscal, an official said. In December 2024, Coal India's production increased by 5.25 per cent year-on-year. For the period from April 2024 to January 2025, CIL recorded a growth of 1.8 per cent with output reaching 621.1 MT, up from 610.3 MT in the corresponding period of the previous fiscal. CIL's offtake in January stood at 68.6 MT, a 2.2 per cent increase, from 67.1 MT in the year-ago month. For the first 10 months of the current fiscal (April 2024-January 2025), CIL's offtake reached 630.2 MT, reflecting a 1.8 per cent increase, from 619.4 MT in the corresponding per

Citizen Infoline Ltd. has an average target of 220.00 from 1 broker.

Citizen Infoline Ltd.

17 Jan 2025, 03:41PM

34.95

-4.98%

Coal India targets 4-5% production growth in FY25 despite challenges

Business Standard

Coal India Ltd (CIL) has acknowledged that the realistic production target for the current fiscal will be 806-810 million tonnes (MT), down from 838 million tonnes, company Chairman PM Prasad said on Friday. CIL production grew 2.2 per cent to 543 million tonnes till December in the current fiscal. But aiming to ramp up production in the remaining days of the fiscal, efforts are on to achieve a growth of around 4 to 5 per cent, he said. "We are targeting a production of 806-810 million tonnes in the current fiscal," Prasad said on the sidelines of the announcement of the 11th edition of the International Mining and Machinery Exhibition (IME 2025). "In the full year, we are targeting to achieve a realistic target of about 4-5 per cent growth," Prasad told PTI. In FY24, CIL produced 773.65 million tonnes, marking an 11 per cent growth over FY'23. He expressed optimism about getting closer to the target, citing the performance of subsidiaries Mahanadi Coalfields, Northern Coalfields

Citizen Infoline Ltd. has gained 21.65% in the last 3 Months

Citizen Infoline Ltd.

12 Dec 2024

34.95

-4.98%

Coal gasification projects: Govt gives LoAs to 4 entities for incentives

Business Standard

The government on Thursday gave letters of award to four entities, including BCGCL- a joint venture of CIL-BHEL - for availing fiscal incentives totalling Rs 4,150 crore for setting up coal gasification projects. Letters of Award (LoAs) have been given to CIL-BHEL , a consortium of CIL-GAIL , Coal India Ltd and New Era Cleantech Solution Pvt Ltd. "Ministry of Coal has reached a significant milestone in India's Coal Gasification Initiative with the issuance of LoAs to the selected applicants under Categories I and III of the Rs 8,500 crore Coal Gasification Incentive Scheme," the coal ministry said in a statement. BCGCL has been awarded Rs 1,350 crore of financial incentive under the scheme for its coal gasification project in Lakhanpur, Odisha. With a total investment of Rs 11,768 crore, the project aims to produce 0.66 million tonne per annum of ammonium nitrate. The CIL-GAIL joint venture project in Sonepur Bazari, West Bengal, has been awarded Rs 1,350 crore. This project, costi

Citizen Infoline Ltd. has lost -30.24% in the last 1 Month

Citizen Infoline Ltd.

02 Dec 2024

34.95

-4.98%

Coal India's total production up by 2% to 471 million tonnes in Apr-Nov

Business Standard

State-owned CIL's coal production rose by 2.4 per cent to 471 million tonnes (MT) in the April-November period of the current financial year. Coal India Ltd (CIL) produced 460 MT of coal in the year-ago period. CIL accounts for over 80 per cent of the domestic coal production. The company's production also rose by 1.7 per cent to 67.2 MT in November against 66 MT in the corresponding month a year ago, CIL said in a regulatory filing to BSE. Coal offtake by CIL, which is the amount of dry fuel supplied from coal pitheads, rose by 1.5 per cent to 492.6 MT in the April-November period of the current fiscal, compared to 485.2 MT in the year-ago period. The company's coal offtake in November was almost flat at 63 MT, over 62.9 MT in the corresponding month of the previous fiscal, the filing said. Coal India Ltd said it produced 773.6 million tonnes of coal in 2023-24 but fell short of its production target of 780 MT for the fiscal. Its production was 703.2 MT in the preceding 2022-23

Citizen Infoline Ltd. is trading above its 200 day SMA of 34.7

Citizen Infoline Ltd.

21 Nov 2024

34.95

-4.98%

CIL to supply coal beyond normative requirement to non-regulated sector

Business Standard

State-owned CIL on Thursday said it will supply coal beyond the normative requirement to the non-regulated sector, including steel. The decision, taken on November 13, will be applicable tranche VIII linkage auction onwards, which is scheduled to begin soon. Coal India, which accounts for over 80 per cent of domestic coal production, has tweaked the policy provision to permit coal supplies beyond the annual contracted quantity (ACQ) to non-regulated sector (NRS) customers in long-term linkage auctions. Earlier, in NRS linkage auctions, end user plants were allowed to obtain linkages up to their normative requirement. The standard norm to calculate the requirement is the quantity of coal that a plant will need if it operated at 85 per cent of its installed capacity for a whole year. The actual supply of coal through linkage auctions was up to this determined quantity. Any customer seeking above 85 per cent of the ACQ had to step off the auction process to procure coal. Enabling s

Citizen Infoline Ltd. is trading below its 30 day SMA of 46.4

Citizen Infoline Ltd.

04 Nov 2024

34.95

-4.98%

Coal Minister urges CIL to boost production and reduce import reliance

Business Standard

State-owned CIL's priorities should be to ramp up production of coal and scale up supplies to reduce imports, Union Minister G Kishan Reddy has said. Coal India Ltd (CIL) accounts for over 80 per cent of domestic coal output. Speaking at CIL's 50th Foundation Day on Sunday, the minister stressed upon the importance of miners' welfare and the rehabilitation of communities affected by mine closures. "Contractual workers play a significant role in Coal India's output, and I applaud the management's decision to implement Performance Linked Incentives for them, effective FY 2023-24," he was quoted as saying in a coal ministry statement. The launch of commercial coal mining has led to transparency, ease of doing business and investment opportunities, helping open the coal sector. Exuding confidence in CIL, he stated that the company has the competency and commitment to compete in the current open market scenario. While coal will remain a central component of the country's energy landsc

Citizen Infoline Ltd. high volume past week with price loss of -22.56.

Citizen Infoline Ltd.

21 Oct 2024

34.95

-4.98%

Coking coal import cannot be substituted fully, says CIL MD Prasad

Business Standard

CIL Chairman and Managing Director P M Prasad on Monday said coking coal import cannot be substituted fully, but some part of it can be reduced. Coking coal, also known as metallurgical coal, is used to produce coke, a key component in steel-making process. As per the data compiled by mjunction services ltd, India's coal import in 2023-24 was 268.24 MT, which includes 57.22 MT coking coal and 175.96 MT non-coking coal. Speaking during stakeholders' consultation on mining operators-cum-developers (MDO) and Star Rating of Coal Mines Award Ceremony, the CMD said coking coal import cannot be substituted fully, but some part of it can be reduced. The coking coal import can be brought down if its production through domestic sources is increased, he noted. He further said achieving coal production of 1.5 billion tonne in the next four to five years is not a small thing and in order to achieve this output, mining projects have to be awarded to MDOs. Import of thermal coal can be reduced

Citizen Infoline Ltd. is trading below its 30 day SMA of 46.4

Citizen Infoline Ltd.

13 Oct 2024

34.95

-4.98%

CIL's H1 FY25 contribution to govt exchequer falls slightly to Rs 28,930 cr

Business Standard

State-owned Coal India Ltd's contribution to the government exchequer dropped marginally by 0.6 per cent to Rs 28,930.27 crore in the first half of the ongoing fiscal over the year-ago period. Coal India Ltd (CIL), which accounts for over 80 per cent of the domestic coal output, paid Rs 29,122.13 crore to the government exchequer in April-September period of FY24, according to provisional figures of the coal ministry. Total levies paid to the government in September also dropped by 11.1 per cent to Rs 4,335.24 crore from Rs 4,878.84 crore paid in the corresponding month of FY24. Of the total Rs 28,930.27 crore paid to the government exchequer in April-September FY25, maximum amount of Rs 6,452.30 crore went to the Jharkhand government, followed by Rs 6,383.14 crore to the Odisha government, Rs 5,432.02 crore to Chhattisgarh, Rs 5,177.41 crore to Madhya Pradesh, and Rs 2,782.25 crore to Maharashtra, among others. The coal-producing states earned the revenue from royalty, District ..

Citizen Infoline Ltd. has lost -22.56% in the last 1 Week

Citizen Infoline Ltd.

02 Oct 2024

34.95

-4.98%

CIL plans to monetise 4 old washeries, aimed at long term supply contract

Business Standard

State-owned Coa India Ltd is exploring options to monetise its four old washeries by leasing out those assets and plans to bundle lease contracts with long-term coal supply agreements. The move aims at optimising asset utilisation. "We are exploring the monetisation of four old washeries," Coal India Ltd (CIL) said in a report. The company which accounts for over 80 per cent of domestic coal output is diversifying its portfolio by setting up a non-coking coal washery at Ib Valley, Lakhanpur in Mahanadi Coalfields Ltd (MCL) -- one of the subsidiaries of CIL. The public sector enterprise commissioned the operation of Madhuband Washery having 5 million tonnes of annual capacity during 2023-24 to further enhance coking coal beneficiation capacity. The company is also setting up three new washeries in Bharat Coking Coal Ltd (BCCL) -- another arm of CIL -- with a total throughput capacity of seven million tonnes per annum. Besides, five coking coal washeries with a total capacity of 14