Latest news with #state-run
Reuters
31-07-2025
- Business
- Reuters
Coal India's quarterly profit falls on weak power demand
July 31 (Reuters) - Coal India ( opens new tab, which produces about 80% of the country's coal, reported a quarterly profit decline on Thursday as shipment volumes and prices fell amid weak power demand. The state-run company, which mainly produces non-coking thermal coal for power generation and industrial use, said its consolidated net profit declined 20% year-on-year to 87.43 billion rupees ($998 million) in the quarter ended June 30. Revenue from operations dropped 4.4% to 358.42 billion rupees. Coal-fired power generation, which remains the dominant source of electricity in India, declined by nearly 3% in the first half of 2025. Meanwhile, overall power output growth declined by 1.5% as a milder summer — driven by earlier-than-expected monsoon showers — reduced demand for coal. Coal India's average realisation from so-called e-auction sales stood at 2,331.51 rupees per ton in June-quarter, lower than the 2,410.94 rupees per ton in the year-ago period, while overall average price realisation of coal supplied rose by two rupees from a year ago. The company gets 10% of its sales through e-auctions at near-spot rates, and sells the rest of its output to domestic customers through long-term contracts. ($1 = 87.6040 Indian rupees)
Reuters
17-07-2025
- Business
- Reuters
India's ONGC explores setting up 200,000-240,000 bpd refinery in Gujarat state, source says
NEW DELHI, July 17 (Reuters) - India's state-run Oil and Natural Gas Corporation ( opens new tab is exploring building a 200,000-240,000 barrels per day refinery at Jamnagar in the western Indian state of Gujarat, a company source said on Thursday. The company is doing a pre-feasibility study for the project, the source told reporters. The source declined to be identified as the matter is not yet public. India, the world's third-biggest oil importer and consumer, wants to position itself as a global refining hub and is expanding capacity.
Yahoo
10-07-2025
- Business
- Yahoo
Copper output from Chile's Codelco climbs 17% in May
SANTIAGO (Reuters) -Copper production from Chilean state-run miner Codelco ticked up some 16.5% year-over-year in May, data from copper commission Cochilco showed on Thursday, climbing to 130,100 metric tons. Codelco is the world's largest miner of the red metal.
LBCI
10-07-2025
- LBCI
One killed, another injured in strike on motorcycle near Mansouri, south Lebanon
Lebanon's state-run National News Agency reported Thursday that a motorcycle was targeted at the intersection near the southern town of Mansouri in the Tyre district, resulting in one fatality and one injury.
Yahoo
11-05-2025
- Yahoo
At least 21 passengers killed after bus skids off cliff in Sri Lanka
A passenger bus skidded off a cliff in Sri Lanka's tea-growing hill country on Sunday, killing 21 people and injuring at least 14, an official said. The accident occurred in the early hours of Sunday near the town of Kotmale, about 140km east of the capital Colombo in a mountainous area of central Sri Lanka, police said. Deputy transport and highways minister Prasanna Gunasena told the media that 21 people died in the accident and 14 others were being treated in hospitals. Local television showed the bus lying overturned at the bottom of a precipice while workers and others helped remove injured people from the rubble. The driver was injured and among those admitted to hospital for treatment. At the time of the accident, nearly 50 people were traveling on the bus. The bus was operated by a state-run company, police said. Deadly bus accidents are common in Sri Lanka, especially in the mountainous regions, often due to reckless driving and poorly maintained and narrow roads.
