Coal India Ltd (COAL.NS)
11 Feb 2016
MUMBAI Coal India Ltd, the world's biggest coal miner by output, reported a higher-than-expected 14 percent rise in its consolidated quarterly net profit on higher sales.
MUMBAI, Feb 11 Coal India Ltd, the world's biggest coal miner by output, reported a higher-than-expected 14 percent rise in its consolidated quarterly net profit on higher sales.
* Current coal allotment deals to be respected - official (Adds details, quotes)
NEW DELHI/BHUBANESWAR, India Coal India Ltd is likely to buy back shares worth at least 25 billion rupees ($368 million) from the government, a source familiar with the matter said, as the finance ministry looks to state firms for cash ahead of the union budget.
* Govt asks state firms to buy back shares as divestment falters
MUMBAI State-run miner Coal India Ltd's January output stood at 52.86 million tonnes, falling short of its production target of 56.18 million tonnes, the world's largest coal mining company said in statement on Monday.
NEW DELHI Indian Prime Minister Narendra Modi may look to press the reset button on his leadership this spring to reinvigorate stalled economic reforms and appease critics, eyeing a mix of tried and tested allies and fresh blood, senior government sources said.
NEW DELHI Coal India Ltd is making its biggest tech overhaul in four decades to check rampant theft and shed its image as an inefficient behemoth, spurred by an impending opening up of the sector to private firms for the first time since the 1970s.
* To initially spend $52 mln on GPS tracking, other equipment
NEW DELHI India's coal imports fell for a sixth month in December, a government official said Wednesday, as the world's third-biggest buyer of the fuel expands domestic mines to boost output and expand power generation.