Latest news with #CIL
Time of India
2 days ago
- Business
- Time of India
Coal India inks pact with Konkan Railway Corp Ltd to develop rail infra
State-owned Coal India Ltd (CIL) on Tuesday said it has signed a pact with Konkan Railway Corporation Ltd to develop rail infrastructure for the company and its subsidiaries. CIL, which accounts for over 80 per cent of domestic coal output, is actively strengthening its rail infrastructure to improve coal transportation . The non-binding memorandum of understanding ( MoU ) was signed between both companies in Kolkata . " Coal India Ltd and Konkan Railway Corporation Ltd have executed a non-binding memorandum of understanding on August 18, an intent of development of rail infrastructure of CIL and its subsidiaries," the company said in a BSE filing. CIL had earlier entered into a pact with Indian Port Rail & Ropeway Corporation Ltd to develop a rail infrastructure for the coal behemoth and its arms. In FY25, CIL produced 781.1 million tonnes (MT) of coal, nearly 7 per cent less than the company's annual target of 838 MT. Coal India Ltd is targeting a production of 875 MT and an offtake of 900 MT in FY26.
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Business Standard
2 days ago
- Business
- Business Standard
Coal India inks pact with Konkan Railway Corp Ltd to develop rail infra
State-owned Coal India Ltd (CIL) on Tuesday said it has signed a pact with Konkan Railway Corporation Ltd to develop rail infrastructure for the company and its subsidiaries. CIL, which accounts for over 80 per cent of domestic coal output, is actively strengthening its rail infrastructure to improve coal transportation. The non-binding memorandum of understanding (MoU) was signed between both companies in Kolkata. "Coal India Ltd and Konkan Railway Corporation Ltd have executed a non-binding memorandum of understanding on August 18, an intent of development of rail infrastructure of CIL and its subsidiaries," the company said in a BSE filing. CIL had earlier entered into a pact with Indian Port Rail & Ropeway Corporation Ltd to develop a rail infrastructure for the coal behemoth and its arms. In FY25, CIL produced 781.1 million tonnes (MT) of coal, nearly 7 per cent less than the company's annual target of 838 MT. Coal India Ltd is targeting a production of 875 MT and an offtake of 900 MT in FY26. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
2 days ago
- Business
- Time of India
Coal India inks pact with Konkan Railway Corp Ltd to develop rail infra
State-owned Coal India Ltd (CIL) on Tuesday said it has signed a pact with Konkan Railway Corporation Ltd to develop rail infrastructure for the company and its subsidiaries. CIL, which accounts for over 80 per cent of domestic coal output, is actively strengthening its rail infrastructure to improve coal transportation . The non-binding memorandum of understanding ( MoU ) was signed between both companies in Kolkata . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo "Coal India Ltd and Konkan Railway Corporation Ltd have executed a non-binding memorandum of understanding on August 18, an intent of development of rail infrastructure of CIL and its subsidiaries," the company said in a BSE filing. CIL had earlier entered into a pact with Indian Port Rail & Ropeway Corporation Ltd to develop a rail infrastructure for the coal behemoth and its arms. In FY25, CIL produced 781.1 million tonnes (MT) of coal, nearly 7 per cent less than the company's annual target of 838 MT. Live Events Coal India Ltd is targeting a production of 875 MT and an offtake of 900 MT in FY26.
News18
2 days ago
- Business
- News18
Coal India inks pact with Konkan Railway Corp Ltd to develop rail infra
Agency: Last Updated: New Delhi, Aug 19 (PTI) State-owned Coal India Ltd (CIL) on Tuesday said it has signed a pact with Konkan Railway Corporation Ltd to develop rail infrastructure for the company and its subsidiaries. CIL, which accounts for over 80 per cent of domestic coal output, is actively strengthening its rail infrastructure to improve coal transportation. The non-binding memorandum of understanding (MoU) was signed between both companies in Kolkata. 'Coal India Ltd and Konkan Railway Corporation Ltd have executed a non-binding memorandum of understanding on August 18, 2025…with an intent of development of rail infrastructure of CIL and its subsidiaries," the company said in a BSE filing. Coal India Ltd is targeting a production of 875 MT and an offtake of 900 MT in FY26. PTI SID SID DR DR view comments First Published: August 19, 2025, 13:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy. Loading comments...
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Business Standard
3 days ago
- Business
- Business Standard
Coal India ramps up evacuation infrastructure amid weak Q1FY26 demand
Coal India Ltd (CIL) is pressing ahead with its production and evacuation infrastructure plans under its capital expenditure programme for the current fiscal, even as coal demand remained sluggish in the first quarter of FY 2025-26. The company has earmarked the largest share of ₹ 5,622 crore - about 35 per cent of the total proposed ₹ 16,000 crore capex in FY26 - for coal transportation and evacuation infrastructure, including rail sidings, corridors, coal handling plants, silos and roads. The investments are critical to ramp up mechanised coal evacuation capacity from the present 151 million tonnes per annum (MTPA) to 994 MTPA by FY 2028-29 under first mile connectivity, an official told PTI. The state-run miner, which accounts for over 75 per cent of domestic coal output, reported a decline in performance in the June quarter, with production falling 3 per cent to 183.32 million tonnes and offtake slipping 4 per cent to 191 million tonnes. Already, there are signs of demand improvement after Coal India carried out various reforms for coal consumers, the official said. Despite this, CIL said it remains committed to its long-term roadmap of achieving 1 billion tonnes of production by FY 2028-29. "The Indian growth story remains intact and we are positioning ourselves for future energy requirements," the official said. In addition to evacuation infrastructure, the miner continues to invest in land acquisition, heavy earth moving equipment, washeries and renewable projects, aiming to ensure supply reliability while gradually diversifying its portfolio. Meanwhile, CIL has scaled up its renewable energy initiatives, commissioning 114 MW of solar capacity in FY 2024-25. This took its cumulative installed solar capacity to 209.08 MW as of March 2025, as the miner intensifies efforts to achieve 3 GW of solar capacity by FY 2027-28 under its de-carbonisation roadmap. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
