The pace at which the NDA government is taking decisions after Bihar assembly election results is commendable and there is no doubt that the situation on the decision-making front is far better today than in the UPA government’s last 2-3 years.

The 10% government stake sale in Coal India cleared by the Cabinet on Wednesday along with a slew of other steps, will fetch about Rs 21,000 crore, if the government successfully crosses the hurdles posed by the unions like it did earlier.

Coal India (CIL), the government-owned near-monopolist in the sector, is to build 15 washeries across its various subsidiaries, through private companies under a build and operate model.

CIL currently owns 17 washeries, five for coking coal (used by the steel and cement industries) and 12 for non-coking (for producing electricity). Of the new ones, six are to handle coking coal and the other nine the other. The cumulative washing capacity is estimated at 112 million tonnes (mt), said senior CIL officials.

State-run Coal India is trading higher by nearly 2% at Rs 336 on the Bombay Stock Exchange (BSE) after company invited bids from international companies in order to establish a washery in Jharkand.

The move is made by the company to benefit its customers including power plants with high quality coal.

In a bid to provide quality coal to its customers, including power plants, state-owned CIL has invited bids from international companies to set up a coal washery in Jharkhand.

The government had earlier said that challenge is not quantity but quality of the fossil fuel.

KOLKATA: State-run Coal India (CIL) will invest Rs 6,000 crore to set up 1,000 MW of solar power generation capacity over the next five to six years, according to a senior company executive. "We will fund 70% of the project cost through debt, which will come mostly from banks, while the rest will be through internal resources," said the executive, who did not wish to be named adding that land for the plants will be provided by the states. As a first step, Coal India has prepared a detailed project report for setting up 200 MW of solar generation capacity.

The government has allowed Coal India to produce natural gas (CBM) from coal seams in mining leases it already holds.

Until now, Coal India was allowed to mine only coal from its mines or leases.

The abandoned mines of the Coal India Limited (CIL) in Chhattisgarh would be used for storing fly ash generated from the power plants in the state.

The state government had identified such mines earlier operated by the South Eastern Coalfields Limited (SECL) — country’s largest coal producing company and the highest profit making entity of the CIL. The SECL, having registered corporate office in Chhattisgarh’s Bilaspur district, has 113 approved coal projects (80 underground projects and 33 opencast projects) for a total ultimate capacity of 149.02 million tonne per annum.

Coal India produced 44.37 million tonnes of coal in October, the company has said in a filing to the BSE.

Coal India missed its October target by 5.27%. The company had estimated that it will churn out 46.84 million tonnes of coal in the month.

NEW DELHI: Coal IndiaBSE 1.29 % CMD S Bhattacharaya has asked employees to raise production, the key performance criterion, in sync with the company's targets as it looks at producing a billion tonnes of the dry fuel by 2020 while ensuring quality of the supplies.

"Coal production is the most important performance criterion and primarily focus should be on taking it to a higher trajectory," Bhattacharaya said in a letter dated October 19 to the CIL employees.

KOLKATA: Some 40,000 officials at Coal IndiaBSE 2.14 % have a reason to splurge this festive season. They are set to receive arrears for eight years of performance related pay which, senior Coal India officials said, will vary from Rs 3 lakh on the lower side to Rs 15 lakh for the top rung.

Officers of the loss-making subsidiaries of the state-run company would benefit the most, as they would be eligible to also receive an additional pay revision, which has been implemented in its profit-making units.

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