Coal India Ltd (COAL.NS)
* CIL is pleased to announce one-time offer of 20 MT coal under special spot e -auction 2016-17 Further company coverage:
** State-owned Coal India Ltd shares fall as much as 2.71 pct
* June-quarter consol net profit 30.65 billion rupees; consol net sales 177.96 billion rupees
NEW DELHI Indian power plants have enough coal on hand to operate even if nothing is mined over the next 50 to 60 days, the coal and power minister said ahead of a proposed one-day strike by some Coal India Ltd workers on Friday.
NEW DELHI, Sept 1 Indian power plants have enough coal on hand to operate even if nothing is mined over the next 50 to 60 days, the coal and power minister said ahead of a proposed one-day strike by some Coal India Ltd workers on Friday.
** State-owned Coal India Ltd falls as much as 2.4 pct to 313.30 rupees
MUMBAI Coal India Ltd, the country's biggest producer of thermal coal, had output of 42.72 million tonnes of coal in June against a target of 43.31 million tonnes, helping to ease the glut accumulating at the company's mines.
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_06222016.pdf FACTORS TO WATCH 10:30 am: Federal cabinet likely to meet in New Delhi. 2:30 pm: Junior Finance Minister Jayant Sinha and Urban Development Minister Venkaiah Naidu to launch financial literacy camp in New Delhi. 5:00 pm: Finance Secretary Ashok Lavasa at an interactive session organised by PHD Chamber in New Delhi. GMF: ASIA LIVECH
** Coal India Ltd shares show signs of correction after 10 pct gain in past one month as of Wednesday's close
Indian shares hit a seven-month high on Thursday, rebounding from earlier losses, as stocks such as Coal India Ltd rose on firmer commodity prices, while sentiment was also underpinned by hopes about the economy.