Coal India sales reach record as power plants boost inventories

New Delhi: Coal India Ltd’s sales rose to a record in January as customers of the world’s biggest producer of the fuel continued to refill their inventories. The miner, which accounts for more than 80% of India’s coal production, has increased output year-on-year every month since August, helping power plants, its biggest customers, replenish their inventories. […]

Coal India set to benefit from new fee and volume uptick

Coal India Ltd (CIL)’s profitability should benefit from a rise in coal earnings. Last week, it introduced evacuation facility charges of Rs50 per tonne on all coal despatches (except despatches through rapid-loading arrangement) with immediate effect. This is expected to generate incremental annual revenue of Rs2,500 crore, adding Rs800 crore to revenue in the current […]