Coal India to invest Rs 67,000cr in new coal-fired power plants near mines

Coal India to invest Rs 67,000cr in new coal-fired power plants near mines

Coal India Limited is moving ahead with a substantial Rs 67,000 crore investment to develop coal-fired power plants near its mines. This strategy aims to reduce transport costs and enhance economic efficiency by locating the plants close to coal mines, especially in Odisha. With the Indian government planning to add 88 gigawatts of thermal capacity […]

Coal India stock crashes 4% after August sales slump – Is it time to sell?

Coal India stock crashes 4% after August sales slump – Is it time to sell?

Shares of Coal India Limited (CIL), the state-owned coal mining company, fell by 4% on Wednesday, hitting a low of ₹500.70 on the Bombay Stock Exchange (BSE) after the company reported a significant drop in sales volume for August 2024. The decline follows a report that the company’s sales volumes for August totaled 52.1 million […]