Latest news with #CoalIndiaLimited
Time of India
2 days ago
- Business
- Time of India
Coal India Ltd likely to produce 1 billion tonnes of coal in 2026-27: Minister
New Delhi: India's total coal production has already crossed the 1 billion tonnes (BT) mark in the financial year 2024-25, and the coal output of the country's largest company, Coal India Limited (CIL), is targeted to cross the 1 billion tonnes mark by 2026-27, the Parliament was informed on Monday. Union Coal and Mines Minister G. Kishan Reddy told the Rajya Sabha, in a written reply, that Coal India Ltd produced 781.07 million tonnes in 2024-25 and the target for 2026-27 has been fixed at 1004.00 billion tonnes. He further stated that most of the requirement of coal in the country is met through indigenous coal production. Import of coal mainly consists of essential imports like coking coal and higher grade non-coking coal, as their domestic production is limited due to either scarce reserves or non-availability. In order to meet future demand for coal through indigenous sources and to reduce non-essential imports of coal, domestic coal production is expected to grow by 6-7 per cent annually in the next few years to reach about 1.5 billion tonnes by 2029-30. The all-India domestic coal production in the year 2024-2025 was 1047.67 million tonnes (MT) in comparison to 997.83 MT in the year 2023-2024, with the growth of about 4.99 per cent. The minister said that the government has initiated several steps to ramp up domestic coal production and to eliminate non-essential imports of coal in the country. Some of the major initiatives undertaken include Single Window Clearance, amendment of the Mines and Minerals (Development and Regulation) Act, 1957 to allow captive mines to sell up to 50 per cent of their annual production after meeting the requirement of the end-use plants, production through MDO mode, increasing use of mass production technologies, new projects and expansion of existing projects, and auction of coal blocks to private companies and PSUs for commercial mining. As part of the economic reforms, 100 per cent Foreign Direct Investment has also been allowed for commercial mining to increase production.
News18
15-07-2025
- Business
- News18
Coal India To Announce Q1 FY26 Results On July 31; Interim Dividend Likely
The Board of Directors of the company may also, inter alia, consider and declare payment of 1st Interim Dividend for FY 2025-26, if any. Coal India Limited shares gained 0.81 per cent on Tuesday to settle at Rs 386.80 apiece on BSE. The scrip opened flat at Rs 383.70 apiece. The stock's 52-week movement indicates a high of Rs 544.70 apiece and Rs 349.20 apiece, respectively. Coal India Limited has a monopoly in the production of coal mining in India. It has a market cap of Rs 2.38 lakh crore and is a constituent of BSE 100. Coal India has a dividend yield of 6.61 per cent. Coal India has maintained a consistent dividend payout policy, rewarding shareholders with interim and final dividends across the financial year. In the financial year 2024–25, the company declared an interim dividend of Rs 15.75 per share with an ex-date of November 5, 2024, followed by another interim dividend of Rs 5.60 per share on January 31, 2025. These payouts reflect the company's strong cash flows and commitment to shareholder returns. Earlier, for the financial year 2023–24, Coal India declared a final dividend of Rs 5.00 per share, with the ex-date set on August 16, 2024. All dividends were aligned with the respective record dates for eligibility. Coal India Share Price History In the short term, the stock gained 0.91% over the past week, even as the Sensex fell 1.36% and the BSE Energy index dropped 1.86%. However, over the past three months, Coal India slipped 2.21%, underperforming the Sensex's 7.61% gain and BSE Energy's 11.59% rise. On a year-to-date (YTD) basis, the stock remained flat with a minor dip of 0.03%, while the Sensex and BSE Energy rose by 5.18% and 8.57%, respectively. Over the last two years, the stock surged 67.24%, outperforming the Sensex's 24.99% and BSE Energy's 43.59%. Its three-year return stands at 99.90%, again ahead of both benchmarks. Over a five-year period, it gained 201.88%, compared to a 129.03% rise in the Sensex and 115.43% in BSE Energy. Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
&w=3840&q=100)
Business Standard
06-07-2025
- Business
- Business Standard
'Argentina's lithium reserves of great interest to India', says MEA
The Ministry of External Affairs on Saturday emphasised India's great interest in Argentina's lithium reserve, noting Indian public sector companies are "working out the implementation of the investments" in the Latin Amercian country to produce, refine, and export minerals. Addressing a press conference, MEA's Secretary (East) P Kumaran noted the efforts of Coal India Limited and Khanij Bidesh India Limited to pick up critical minerals assets in other countries for India. "Argentina is a part of the Lithium Triangle. It is of great interest to us. We had two Indian public sector companies, Coal India Limited and a consortium called KABIL, which is specifically tasked with picking up critical minerals and assets outside India. They have signed five concession agreements and are working on finalizing investments and working out the implementation of the investments in such a way that minerals can be produced here, refined and taken to India for various purposes and are working on finalising investments to implement them in a manner that allows minerals to be produced, refined, and exported," Kumaran said. #WATCH | Buenos Aires, Argentina: On critical minerals, P Kumaran, Secretary (East) says, "... Argentina is a part of the Lithium Triangle. It is of great interest to us. We had two Indian public sector companies, Coal India Limited and a consortium called KABIL, which is… — ANI (@ANI) July 5, 2025 MEA's Secretary East also noted that two private sector companies owned by Indians have also invested in lithium concession in Argentina and hoped for more cooperation between the two nations. "There are two private sector companies: one from India, called Greenco, and another Indian-owned company based in the UAE, World Metal Alloys, which is also invested in lithium concessions in Argentina. Hopefully, we will have more cooperation in the coming years," Kumaran said. During his visit to Argentina, Prime Minister Narendra Modi discussed cooperation in the energy and critical minerals sectors with Argentine President Javier Milei, underlining India's growing energy and industrial needs while emphasising that Buenos Aires can serve as a "reliable partner." MEA's Secretary (East) Kumaran emphasised that Argentina's rich reserves of critical minerals, such as lithium, copper, and rare earth elements, align with India's need for its clean energy transition and industrial growth. "The two leaders also had an opportunity to discuss cooperation in the energy and critical mineral sectors. The Prime Minister underlined India's growing energy and industrial needs and emphasised that Argentina could serve as a reliable partner in supporting India's developmental journey," Kumaran said. "Argentina's rich reserves of critical minerals, including lithium, copper and rare earth elements, align with India's need for secure and sustainable resources to drive its clean energy transition and industrial growth," he added. Argentina is the third leg of PM Modi's five-nation tour after Ghana, and Trinidad and Tobago. It will be followed by visits to Brazil and Namibia.
India Gazette
05-07-2025
- Business
- India Gazette
Argentina lithium reserve
Buenos Aires [Argentina], July 6 (ANI): The Ministry of External Affairs on Saturday (local time) emphasised India's great interest in Argentina's lithium reserve, noting Indian public sector companies are 'working out the implementation of the investments' in the Latin Amercian country to produce, refine, and export minerals. Addressing a press conference, MEA's Secretary (East) P Kumaran noted the efforts of Coal India Limited and Khanij Bidesh India Limited to pick up critical minerals assets in other countries for India. 'Argentina is a part of the Lithium Triangle. It is of great interest to us. We had two Indian public sector companies, Coal India Limited and a consortium called KABIL, which is specifically tasked with picking up critical minerals and assets outside India. They have signed five concession agreements and are working on finalizing investments and working out the implementation of the investments in such a way that minerals can be produced here, refined and taken to India for various purposes and are working on finalising investments to implement them in a manner that allows minerals to be produced, refined, and exported,' Kumaran said. MEA's Secretary East also noted that two private sector companies owned by Indians have also invested in lithium concession in Argentina and hoped for more cooperation between the two nations. 'There are two private sector companies: one from India, called Greenco, and another Indian-owned company based in the UAE, World Metal Alloys, which is also invested in lithium concessions in Argentina. Hopefully, we will have more cooperation in the coming years,' Kumaran said. During his visit to Argentina, Prime Minister Narendra Modi discussed cooperation in the energy and critical minerals sectors with Argentine President Javier Milei, underlining India's growing energy and industrial needs while emphasising that Buenos Aires can serve as a 'reliable partner.' MEA's Secretary (East) Kumaran emphasised that Argentina's rich reserves of critical minerals, such as lithium, copper, and rare earth elements, align with India's need for its clean energy transition and industrial growth. 'The two leaders also had an opportunity to discuss cooperation in the energy and critical mineral sectors. The Prime Minister underlined India's growing energy and industrial needs and emphasised that Argentina could serve as a reliable partner in supporting India's developmental journey,' Kumaran said. 'Argentina's rich reserves of critical minerals, including lithium, copper and rare earth elements, align with India's need for secure and sustainable resources to drive its clean energy transition and industrial growth,' he added. Argentina is the third leg of PM Modi's five-nation tour after Ghana, and Trinidad and Tobago. It will be followed by visits to Brazil and Namibia. (ANI)
Hans India
05-07-2025
- Business
- Hans India
India set to clock record 1.15 billion tonnes coal production in FY26
New Delhi: India is on track to achieve a record coal production of 1.15 billion tonnes in the financial year 2025-26, according to a new report. The country's domestic coal production touched an all-time high of 1,047.6 million tonnes in FY25, growing at an average annual rate of 10 per cent over the past five years, as per data compiled by CareEdge Ratings. This growth has been driven by a series of policy reforms aimed at making coal mining more efficient and self-reliant. Key government initiatives like the Single Window Clearance system, the Mine Developer and Operator (MDO) model, 100 per cent FDI allowance in coal mining, and regular auctions of coal blocks have helped boost domestic output. Amendments to the Mines and Minerals (Development and Regulation) Act have also played a major role in removing regulatory bottlenecks and attracting private players. The rise in coal production has come in response to growing demand from the power sector, which accounted for 82 per cent of the total coal dispatches in FY25. India's total coal consumption rose from 922.2 million tonnes in FY21 to 1,270 million tonnes in FY25, driven by increasing electricity needs across industries, households, and rural areas, said the report. The share of domestic coal in total consumption has also gone up -- from 77.7 per cent in FY21 to 82.5 per cent in FY25. This shift towards self-reliance has been supported by the allocation of 184 coal mines by January, out of which 65 blocks have already begun production. "These active mines produced around 136.59 million tonnes in FY25, registering a growth of over 34 per cent compared to the previous year," the report said. Coal India Limited (CIL), the largest coal producer, contributed around 74 per cent of the total output in FY25. Private and captive miners also showed strong performance, with better logistics and improved technology enhancing the viability of coal blocks. The 12th round of coal block auctions launched in March offered another 28 mines to further push domestic output. Meanwhile, coal prices have seen a steady decline due to better supply conditions and supportive government policies. This trend is expected to continue in FY26, making coal more affordable for industries, according to the report.
