The capex boost of Coal India was to catalyse the output growth and align it with evacuation outlets
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The state-run utility, which produces over a quarter of India's power output, will import 16 million tonnes for blending with domestic coal during the year ending March 2023
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It has issued a circular directing certain actions to be taken on priority to enhance the supply of domestic coal
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As per the statement, CIL has around 20,000 women workforce, including those working at its mines
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Mining behemoth Coal India will not have luxury to retain its loss-making mines with its aim to remain competitive in the wake of privatisation of coal blocks, a senior government official said
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In all, 26 bids were received for the auction of coal mines under the fourth tranche of sale of coal, the coal ministry said
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Coal India, accounts for over 80 per cent of domestic coal output, has a production target of 670 million tonnes for the 2021-22 financial year
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The total dividend payout by Coal India during the current fiscal is likely to be higher than the FY21 as the miner is expected to post healthy revenue and growth in profit, sources said
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The government on Saturday said that a total of 42 coal blocks have been auctioned till date for commercial mining.
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Under the proposal "3% of Coal India's annual production will be earmarked separately for exports" with the main focus on encouraging bulk trade for the long-term.
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