13 articles
India's September power deficit hit a decade high as weak monsoons reduced hydropower and strained coal supplies, driving inventories to three-year lows and boosting Coal India's spot premiums.
South Eastern Coalfields Ltd., a Coal India subsidiary, hired banks for an $800 million IPO expected to file by December. The listing supports the parent company's strategy to take key subsidiaries pu
Nearly one-third of India's coal-fired power plants operate with critically low fuel stocks amid high electricity demand. Data shows 59 plants have less than three days of inventory, prompting increas
Indian equities opened lower as escalating Middle East conflict drove Brent crude to $96.6 per barrel, fueling inflation worries. Corporate highlights included Gland Pharma receiving zero observations
Coal India intends to sell a 10% stake in Mahanadi Coalfields via IPO, a unit contributing 28.4% of the group's production. This listing occurs amidst a revival in India's primary market following oth
Coal India is establishing its first overseas trading office in Singapore to diversify into iron ore and critical minerals like lithium and bauxite. The state-run miner aims to secure overseas assets
Coal India is considering acquiring a unit of Canada's Wealth Minerals to secure lithium assets in Chile, aiming to bolster its critical mineral reserves for energy storage and EV batteries. The trans
Coal India expects a marginal 1% drop in first-quarter profit driven by soaring costs for explosives and diesel amid regional conflict. Despite strong sales growth, elevated inventory levels persist a
India's government raised $2 billion through stake sales in six state-run companies, including Coal India and NHPC, providing a bright spot for the subdued capital market amid geopolitical tensions.
India plans measures to attract foreign capital through bond market reforms and asset privatizations, including Coal India. Meanwhile, fertilizer subsidies increase due to rising crude oil prices.
Indian stocks may open flat as investors monitor US-Iran peace talks and regional conflicts. Attention also turns to Coal India's stake sale and ONGC's earnings, with Brent crude trading near $99 per
The Indian government will sell up to 2% of its stake in state-run coal miner Coal India via an offer for sale at 412 rupees per share. This divestment contributes to the government's 800 billion rupe
State-run Coal India has ordered subsidiaries to boost coal dispatches as record power demand strains the grid during a severe heatwave. Twenty-one power plants face critically low stock levels, raisi
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