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Reputation: 3,957 • Jul 8 1:51 AM
Coal India arm terms workers strike illegal, to deduct 8-days of wages
"It is noted that the employees...have participated in this illegal strike, which is violation of rule 26.10 of the certified standing orders of the MCL. In view of this misconduct on their part, eight days wage deduction as per section 20 of the Code on Wages Act, 2019, is hereby ordered for this act of participation in the illegal strike," Mahanadi Coalfields Ltd (MCL) said in a notice.
"It is noted that the employees...have participated in this illegal strike, which is violation of rule 26.10 of the certified standing orders of the MCL. In view of this misconduct on their part, eight days wage deduction as per section 20 of the Code on Wages Act, 2019, is hereby ordered for this act of participation in the illegal strike," Mahanadi Coalfields Ltd (MCL) said in a notice.
The Economic Times
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Reputation: 3,957 • Jul 7 9:31 AM
Coal India clocks average daily output of 44 per cent during 3-day strike, attendance close to 36 per cent
CIL in a statement said that despite the strike "the coal miner managed 44 per cent of coal output, compared to the average of 10 days immediately prior to the first day of the strike". The attendance of the employees progressively increased from the first day of the strike over the three-day period, averaging close to 36 per cent, it said.
CIL in a statement said that despite the strike "the coal miner managed 44 per cent of coal output, compared to the average of 10 days immediately prior to the first day of the strike". The attendance of the employees progressively increased from the first day of the strike over the three-day period, averaging close to 36 per cent, it said.
The Economic Times
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Reputation: 3,957 • Jul 5 10:36 AM
Coal India suffers avg daily production hit of 56 per cent during three-day strike
The average daily production by the PSU on the three days was 5,73,000 tonnes, which is 44 per cent of the last 10 days' average production (from June 22 to July 1) of 12,96,900 tonnes, the official said. The coal ministry official said production could take place even on strike days as Coal India employs around one lakh contract workers.
The average daily production by the PSU on the three days was 5,73,000 tonnes, which is 44 per cent of the last 10 days' average production (from June 22 to July 1) of 12,96,900 tonnes, the official said. The coal ministry official said production could take place even on strike days as Coal India employs around one lakh contract workers.
The Economic Times
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Reputation: 3,957 • Jul 3 11:51 AM
Workers' strike hits Coal India output, despatch
Production and top soil removal at mines were 38% and 58% of their respective recent averages. It loaded 5,78,000 tonnes on Thursday against an average of 1.4 million tonnes per day in the past 10 days, while production fell to 4,81,000 tonnes from 1.3 million tonnes per day
Production and top soil removal at mines were 38% and 58% of their respective recent averages. It loaded 5,78,000 tonnes on Thursday against an average of 1.4 million tonnes per day in the past 10 days, while production fell to 4,81,000 tonnes from 1.3 million tonnes per day
The Economic Times
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Reputation: 3,957 • Jul 1 3:36 AM
Coal India output declines 12.8% to 39 MT in June
Coal India's offtake also dropped to 41.61 MT in June from 48.98 MT in the corresponding month of the previous fiscal. The coal offtake by CIL declined to 120.62 MT in April-June from 153.49 MT of offtake in the year-ago period.
Coal India's offtake also dropped to 41.61 MT in June from 48.98 MT in the corresponding month of the previous fiscal. The coal offtake by CIL declined to 120.62 MT in April-June from 153.49 MT of offtake in the year-ago period.
The Economic Times
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Reputation: 3,957 • Jun 29 10:56 AM
Coal India to invest Rs 15,700 crore in conveyor belts for movement between mines and wagons
In the first phase, it will upgrade infrastructure at 35 mines, each with capacity of four million tonnes per annum (MTPA) or more at six subsidiaries of the company. This involved capital expenditure (capex) of about Rs 12,300 crore and total capacity of 406 MTPA. Phase-2 includes 14 projects in which four subsidiaries will spend Rs 3,400 crore for total capacity of 100.5 MTPA.
In the first phase, it will upgrade infrastructure at 35 mines, each with capacity of four million tonnes per annum (MTPA) or more at six subsidiaries of the company. This involved capital expenditure (capex) of about Rs 12,300 crore and total capacity of 406 MTPA. Phase-2 includes 14 projects in which four subsidiaries will spend Rs 3,400 crore for total capacity of 100.5 MTPA.
The Economic Times
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Reputation: 3,957 • Jun 25 11:46 AM
Coal India confident of taking on private competition: Chairman Pramod Agarwal
The comment comes even as trade unions continue to oppose opening up of the commercial mining sector.
The comment comes even as trade unions continue to oppose opening up of the commercial mining sector.
The Economic Times
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Reputation: 3,957 • Jun 18 12:11 PM
Coal India to appoint MDO for 168 mt greenfield projects
It has identified a dozen opencast mines with a target capacity of 162 million tonnes a year and three underground ones of 6 million tonnes. Contracts would be for 25 years or the life of the mine, whichever is less. It will save capital expenditure (capex) on equipment and civil construction costs. The company would, however, spend on rehabilitation and resettlement of affected families.
It has identified a dozen opencast mines with a target capacity of 162 million tonnes a year and three underground ones of 6 million tonnes. Contracts would be for 25 years or the life of the mine, whichever is less. It will save capital expenditure (capex) on equipment and civil construction costs. The company would, however, spend on rehabilitation and resettlement of affected families.
The Economic Times
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Reputation: 3,957 • Jun 18 10:46 AM
CIL identifies 15 new mining projects to operate through MDO mode
Among the 15 identified mines, 12 blocks are open cast and three underground, Coal India (CIL) said in as statement. Combined, the mines have a total targeted capacity of around 168 million tonnes per year.
Among the 15 identified mines, 12 blocks are open cast and three underground, Coal India (CIL) said in as statement. Combined, the mines have a total targeted capacity of around 168 million tonnes per year.
The Economic Times
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Reputation: 3,957 • Jun 9 5:26 AM
Govt comes out with methodology for rationalisation of coal linkages
"Unlike the past rationalisation exercises, the present methodology on linkage rationalisation, covers the power as well as non-regulated sector (NRS), for all types of consumers," the coal ministry said in a statement.
"Unlike the past rationalisation exercises, the present methodology on linkage rationalisation, covers the power as well as non-regulated sector (NRS), for all types of consumers," the coal ministry said in a statement.
The Economic Times
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Reputation: 3,957 • Jun 3 6:06 AM
Coal production and sales at CIL shows signs of revival in May
“Amid subdued demand for coal, in what would be an encouraging sign for CIL, coal off-take was up at 39.95 MT in May compared to 39.06 MT in April. Coal sales have expanded by 0.9 MT in quantity terms in May,” a CIL statement said.
“Amid subdued demand for coal, in what would be an encouraging sign for CIL, coal off-take was up at 39.95 MT in May compared to 39.06 MT in April. Coal sales have expanded by 0.9 MT in quantity terms in May,” a CIL statement said.
The Economic Times
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Reputation: 3,957 • Feb 13, 2019 5:07 AM
CIL Nova Petro Standalone December 2018 Net Sales at Rs 55.92 crore, down 10.26% Y-o-Y
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Reputation: 3,957 • Nov 5, 2018 3:57 AM
CIL Nova Petro Standalone September 2018 Net Sales at Rs 66.35 crore, up 14.24% Q-o-Q
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CNOVAPETRO Share Price - Technicals
- NewsBotJul 8 1:51 AMCoal India arm terms workers strike illegal, to deduct 8-days of wagesThe Economic TimesNewsBotJul 7 9:31 AMCoal India clocks average daily output of 44 per cent during 3-day strike, attendance close to 36 per centThe Economic TimesNewsBotJul 5 10:36 AMCoal India suffers avg daily production hit of 56 per cent during three-day strikeThe Economic TimesNewsBotJul 3 11:51 AMWorkers' strike hits Coal India output, despatchThe Economic TimesNewsBotJul 1 3:36 AMCoal India output declines 12.8% to 39 MT in JuneThe Economic TimesNewsBotJun 29 10:56 AMCoal India to invest Rs 15,700 crore in conveyor belts for movement between mines and wagonsThe Economic TimesNewsBotJun 25 11:46 AMCoal India confident of taking on private competition: Chairman Pramod AgarwalThe Economic TimesNewsBotJun 18 12:11 PMCoal India to appoint MDO for 168 mt greenfield projectsThe Economic TimesNewsBotJun 18 10:46 AMCIL identifies 15 new mining projects to operate through MDO modeThe Economic TimesNewsBotJun 9 5:26 AMGovt comes out with methodology for rationalisation of coal linkagesThe Economic Times
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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