CIL targets 50 MT e-auction coal sales in 2nd half of fiscal

18 Nov 2022 CW Team

Coal India is targeting sales of 50 million tonnes through e-auction in the second half of the current fiscal, the company’s chairman said. The state-owned coal behemoth had sold around 30 MT via e-auction in the first six months of the 2022-23 financial year.

"We are targeting another 50 MT in e-auction sales for the year," CIL chairman Pramod Agrawal said on the sidelines of the Global Mining Summit 2022organised by the Confederation of Indian Industries (CII).

Coal India's sales were at 108 MT in 2021-22. In the July-September quarter of the current fiscal, the miner had sold 10.36 MT of coal, and the average realisation was Rs 6,061 per tonne.

The Maharatna Public Sector Undertaking sold 141 MT of the fuel through the fuel supply agreement in the three months that ended on September 30, 2022 with an average realisation of Rs 1,413 per tonne.

During the programme, Agrawal said the Kolkata-headquartered company has been focused on evacuation and sustainability. Production will not be a problem but evacuation will be a challenge, he said.

“The company is investing heavily in first-mile connectivity and mechanised evacuation. In the next three-four years, most of the evacuation exercise will be mechanised,” Agrawal said, adding that the mining sector is critical to the country's growth.

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..