Coal – Reuters reported that India's 2013 April to October coal imports increased 20 percent, to 105.8 million tonnes. That's largely because "[r]egulatory and bureaucratic delays" in expanding existing mines and building new ones have forced the country to import the fuel.
Articles Tagged "bse:533278"
Coal – The Economic Times reported that the Indian government will soon end Coal India Ltd.'s (BSE:533278) monopoly on coal by inviting bids from private companies interested in mining the fuel. The country's goal is to increase the number of producers of the resource.
Coal – The Economic Times reported that Coal India Ltd. (BSE:533278) missed its production target for April to September 2013 by 6 million tonnes as a result of a national strike, law and order conditions and a work stoppage.
Coal – The Economic Times reported that as part of a fuel supply agreement commitment, Coal India Ltd. (BSE:533278) will likely import 15 million tonnes of coal for power utilities.
Coal – The Economic Times reported that India's auction of explored coal blocks may take place in December or the beginning of 2014, according to Coal Secretary S.K. Srivastava.
Coal – The Economic Times reported that this morning shares of Coal India Ltd. (BSE:533278) fell as much as 4.6 percent following news that the Indian government has selected seven banks to manage a stake sale in the company.
Coal – Reuters reported that seven banks, including Goldman Sachs Group Inc. (NYSE:GS) and Deutsche Bank AG (NYSE:DB), have been selected by India to manage a 5-percent stake in Coal India Ltd. (BSE:533278).
Coal – The Economic Times reported that starting September 19, workers at Coal India Ltd. (BSE:533278) will begin a three-day strike to protest the Indian government's decision to reduce its investment in the company by 10 percent.
Coal – Reuters reported that the Indian government has decided to sell only a 5-percent stake in Coal India Ltd. (BSE:533278); that is half the amount it originally planned to sell. The change is the result of a deal with the main trade unions.
Coal – Reuters reported that as a result of heavy rain, in June, India produced 3 percent less coal than it did during the year-ago period. The country's target was 44.73 million tonnes; Coal India Ltd. (BSE:533278) was only able to put out 35.23 million tonnes.