Tag: CIL

Power sector sees 6% fall in coal supply from CIL

29/12/2016 16:29

The supply of coal to the power sector by state-owned CIL saw a fall of 6 per cent at 33.7 million tonnes last month, even as the government claimed in October that the demand for fossil fuel has started picking up.

The dispatch of dry fuel by Coal India Ltd (CIL) to the power sector in November last year stood at 35.9 million tonnes (MT), according to government data said.

The supply of coal by CIL in April-November period of the ongoing fiscal also dropped by 4 per cent to 250.7 MT, over 261.4 MT in the corresponding quarter last fiscal.

The supply of coal by Singareni Collieries Company (SCCL) during the April-November period was almost flat at 31.3 MT against 31.1 MT in the year-ago period.

SCCL is a government coal mining company jointly owned by Telangana and the Centre on a 51:49 equity basis.

The government, in October, had said that there were no plans to cut down coal production as the demand had already picked up.

In October, the demand started picking up for both coal and power sectors, it had said.

CIL, which accounts for over 80 per cent of the domestic coal production, is eyeing 598 MT production in 2016-17. CIL has a target to produce 1 billion tonnes of fossil fuel by 2020.

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CIL misses coal production target in May

CIL misses coal production target in May

02/06/2016 10:40

State-run coal miner Coal India Ltd (CIL) said that it has achieved a production of 42.58 million tonnes in the May month of current year, which is lower than the set target of 44.64 million tonnes (MT) for May.

During the April’16-May’16 months, the miner produced 82.93 MT of coal lower than the target of 89.12 MT (provisional), the company said in a filing to the Bombay Stock Exchange.

Moreover, the coal offtake in the month of May stood at 45.53 MT against the targetted level of 50.90 MT, it said.

In April’16-May’16 months, the coal offtake stood at 88.23 MT lower than the target of 102.36 MT.

Coal India which accounts for over 80 per cent of the domestic coal production has a target of achieving 1 billion tonnes by 2020.

The government has set a production target of 598 million tonnes for the CIL for the current fiscal.

Meanwhile, shares of the company were trading at Rs 304.10 apiece, up 2.43 per cent, from previous close on BSE at 10:39 hours.

Market cap of top 8 Sensex firms jumps Rs 21,296 cr

Market cap of top 8 Sensex firms jumps Rs 21,296 cr

14/03/2016 15:33

The overall market capitalisation of eight of the top ten Sensex firms climbed by Rs 21,296 crore last week led by HDFC which emerged as the biggest gainer, while Infosys and CIL were the lone losers.

The market cap of HDFC jumped by Rs 4,777.47 crore to Rs 183,004.82 crore last week when the 30-share Sensex logged a second straight weekly gain, advancing by 72 points to end at 24,717.99 driven by robust foreign fund flows amid hopes that the RBI may cut interest rates as the government stuck to its fiscal prudence commitment, and on strong global cues after ECB’s robust easing measures and an oil price rally.

ITC witnessed an Rs 4,100.76 crore rise in its market value to Rs 258,187.17 crore last week while the market cap of ONGC surged by Rs 3,507.75 crore to Rs 175,473.10 crore.

The market capitalisation of RIL surged by Rs 3,012.13 crore to Rs 329,082.12 crore while that of drug major Sun Pharma climbed by Rs 2,539.03 crore to Rs 208,838.67 crore.

HDFC Bank’s market cap advanced by Rs 1,870.26 crore to Rs 259,928.45 crore last week while that of TCS jumped by Rs 1,369.45 crore to Rs 466,203.25 crore and that of HUL rose by Rs 119.01 crore to Rs 183,745.09 crore.

CIL Q3 net jumps 14 pct to Rs 3,718.25 cr on strong volume growth

CIL Q3 net jumps 14 pct to Rs 3,718.25 cr on strong volume growth

11/02/2016 17:33

Coal India, a state-controlled coal mining company, on Thursday reported higher-than-expected growth of 13.96 per cent in its consolidated net profit at Rs 3,718.25 crore for the third quarter ended December 31, 2015, helped by strong volume growth.

“The state-owned company had posted consolidated net profit of Rs 3,262.49 crore for the quarter ended December 31, 2014,” Coal India said in a filing to Bombay Stock Exchange.

The consolidated total Income of company increased 5.05 per cent to Rs 20,953.35 crore in Q3FY16 from Rs 19,944.86 crore in Q3FY15.

According to CNBC-TV18 poll, the company was seen posting net profit at Rs 3,515 crore, while net sale was seen at Rs 19,438 crore.

On the standalone basis, the company has posted net profit of Rs 672.55 crore against total revenue of Rs 882.33 crore for the quarter ended December 31, 2015.

Operating profit (earnings before interest, tax, depreciation and amortisation) surged 8.77 per cent year-on-year to Rs 5,542.91 crore versus Rs 5,095.75 crore in the year ago period.

However, other income fell 17 per cent to Rs 1,354 crore as compared to Rs 1,634.4 crore in same quarter last fiscal.

Ahead of announcement, shares of company ended Thursday’s trading at Rs 305.05 apiece, down 2.87 per cent, on BSE.