Latest news with #CIL
&w=3840&q=100)
Business Standard
4 days ago
- Business
- Business Standard
Coal India, Indian Port Rail & Ropeway Corp ink pact to develop rail infra
State-owned CIL on Thursday said it has entered into a pact with Indian Port Rail & Ropeway Corporation Ltd to develop rail infrastructure of the coal behemoth and its arms. The non-binding memorandum of understanding (MoU) was signed between both companies in Kolkata. "Coal India Ltd (CIL) and Indian Port Rail & Ropeway Corporation Limited have executed a non-binding Memorandum of Understanding (MoU) on 05.06.2025 at Kolkata with an intent of development of Rail Infrastructure of CIL and its subsidiaries," the maharatna firm said in a BSE filing. Indian Port Rail & Ropeway Corporation Ltd is a Joint Venture Company between 11 major ports under the Ministry of Ports, Shipping and Waterways, holding 90 per cent of equity capital and Rail Vikas Nigam Limited (RVNL) under the Ministry of Railways, holding 10 per cent of equity capital. The JV was incorporated to provide efficient rail evacuation systems to major ports and to enhance their capacity and throughput. CIL accounts for over 80 per cent of domestic coal production. 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.)
New Indian Express
4 days ago
- Business
- New Indian Express
Coal India reports 34% growth in eco-friendly coal transport in FY25
NEW DELHI: State-owned Coal India Limited (CIL) recorded a 34% year-on-year growth in environmentally friendly coal transportation in FY 2025, moving 102.5 million tonnes (MT) through 20 First Mile Connectivity (FMC) projects linked to the Indian Railways network. In comparison, 76.5 MT was transported in FY 2024 through 17 such projects. In the current financial year, up to the end of May, CIL registered a 36.7% increase in coal dispatch via FMC projects, compared to 15 MT during the same period last year. CIL, India's largest coal miner, also plans to commission 19 additional FMC projects with a combined capacity of nearly 150 million tonnes per year (MT/Y) during FY 2026. FMC is an automated coal evacuation system that enables environment-friendly coal transportation from the pithead to loading points using piped conveyor belts. 'We expect to transport an additional 20 million tonnes through FMC projects in the ongoing financial year,' said a senior CIL official.
Mint
4 days ago
- Business
- Mint
Coal India plans 19 new first mile connectivity projects in FY26
New Delhi: State-run Coal India Ltd (CIL) plans to set up 19 new first-mile connectivity projects (FMC) in FY26, targeting a 19% increase in coal loading through these projects. FMC is an automated coal evacuation process which ensures eco-friendly coal transportation from pithead, in piped conveyor belts, to loading points. Under FMC, coal producers adopt alternative transport methods—such as mechanized conveyor systems and computerized loading on to railway rakes—to replace road transport. Also read: India must invest big to hit 2070 net-zero goal, says Moody's In a statement on Thursday, the company reported a 34% increase in environment-friendly coal loading through FMC to 102.5 million tonnes in FY25. This was carried out through 20 FMC projects linked with the Indian Railways' network. The increased loading through FMC saw a 5% drop in truck journeys needed to transport coal – known as underloading – in FY25 compared to FY24, it said. CIL has plans to commission 92 FMC projects of 994 million-tonnes-per-annum capacity in a phased manner by FY 2029-end. With the company aiming at 1 billion tonnes of coal production by FY 2029, the capacity is being built up to enable the transport of almost the entire quantity in an environment-friendly manner. Also read: IPO Watch: Coal India arms BCCL files draft papers with SEBI for IPO Key features of FMC involve constructing mechanized coal handling plants equipped with coal crushers, and rapid loading systems where a precise quantity of quality coal is loaded onto wagons. FMC replaces truck-based transportation to railway sidings and avoids manual loading. This process is used to reduce dust, noise and vehicular emissions, minimize road congestion and improve safety. In August 2023, the coal ministry announced that a total of 67 FMC projects across state-run coal companies with 885 million tonnes of capacity were being taken up in three phases to achieve capacity of around 1 billion tonnes of mechanized handling of coal. Also read: Adani Group's tax contributions rise 29% in FY25 to ₹74,945 crore — check key company-wise breakdown The coal ministry has set a target of 1.15 billion tonnes of coal production in FY25 and 1.5 billion tonnes in FY30 to boost India's energy security. Developing an eco-friendly, cost-effective coal transportation system is crucial for reducing India's reliance on imported coal and promoting domestic coal usage.
Business Upturn
4 days ago
- Business
- Business Upturn
Coal India signs MoU with Indian Port Rail & Ropeway Corporation to enhance rail infrastructure
By Aditya Bhagchandani Published on June 5, 2025, 19:26 IST Coal India Limited (CIL) has signed a non-binding Memorandum of Understanding (MoU) with Indian Port Rail & Ropeway Corporation Limited on June 5, 2025. The agreement was formalized at Kolkata and focuses on the development of rail infrastructure for CIL and its subsidiaries. This partnership is expected to support improved coal evacuation efficiency and facilitate better connectivity between coal mines and ports. With CIL being one of the largest coal producers in the world, efficient transport infrastructure is vital for ensuring timely delivery of coal to power plants and industrial units across the country. The MoU is part of Coal India's ongoing efforts to modernize its logistics framework and aligns with broader national goals of infrastructure development. The initiative is anticipated to help streamline coal transportation through railways, potentially reducing operational bottlenecks and enhancing turnaround times. The disclosure was made to both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) under Regulation 30 of the SEBI (LODR) Regulations, 2015. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
BBC News
5 days ago
- Business
- BBC News
Waverley council to review homeowners' CIL bills
Homeowners in South West Surrey who believe they have been wrongly charged for work to their houses will be able to appeal under a new Borough Council says homeowners who believe they have wrongly received community infrastructure levy (CIL) bills for work including home extensions and annexes will be able to ask to have their charges new review system comes after residents protested in April, saying they had incorrectly received bills up to £70, for the review scheme went before the council on Wednesday, 4 June ahead of a decision on 1 July, with more information set be released on 12 June. Liz Townsend, Waverley portfolio holder for planning and economic development, said: "We know that the Community Infrastructure Levy legislation has been a source of stress and concern for some of our residents who believe they have been unjustly charged and unfairly penalised by these complex and inflexible rules."This is a new process for the council, and we have taken independent legal advice to ensure our approach is both robust and fair."I want to assure them that we are absolutely committed to addressing those concerns through a fair and transparent review process."CIL is typically charged to developers as a contribution towards essential infrastructure. However a number of homeowners across Waverley have also faced the the new scheme, cases would be reviewed by someone independent from the council previously said that, in most cases, it had been correct in issuing the bills despite anger from exception, it said, was the case of Steve and Caroline Dally who were billed £70,000 for a home extension and given no opportunity to argue their will go before the council's Overview and Scrutiny Committee on 23 June.
