Coal India records 17% profit growth despite modest income rise

Coal India and NMDC eye lithium mines

Coal India and NMDC, two of India's foremost mining companies, are actively exploring opportunities to delve into the lithium mining sector overseas. With the increasing global demand for lithium, driven primarily by the surge in electric vehicles and renewable energy storage solutions, the move signifies a strategic shift in the companies' focus towards emerging minerals crucial for the future of clean energy. As traditional mining commodities face fluctuating demand and environmental scrutiny, diversifying into lithium presents a forward-looking approach for sustainable growth.

Lithi..

Coal India Boosts Govt Revenue by 6.4% in FY24

Coal India Limited (CIL) has reported a 6.4% increase in its contribution to the government exchequer, reaching Rs 60,140 crore during the fiscal year 2024. This surge in revenue reflects the company's continued role as a significant contributor to government finances, bolstering economic stability and funding key development initiatives.

CIL's robust financial performance is attributed to various factors, including increased coal production and sales volumes, improved operational efficiency, and favourable market conditions. Despite challenges faced by the coal sector, CIL has managed ..

India's coal output increased by 7% in April

The state-owned CIL reported a 7.3% increase in production in April, reaching 61.8 million tonnes (MT). In a filing to the BSE, Coal India (CIL) stated that the company had produced 57.6 MT of coal in the equivalent month of the previous fiscal.

More than 80% of the coal produced in the country comes from CIL.

In addition, the company's coal offtake increased 3.2% to 64.3 MT last month from 62.3 MT in the same period last year.

The quantity of dry fuel provided by the pitheads is known as coal offtake.

Maximum production of 16 MT came from Mahanadi Coalfields (MCL),..

Hindustan Zinc, Jindal Power vie for Rajasthan Gold Mines

Several prominent Indian firms including Hindustan Zinc, Jindal Power, and JK Cement are competing for the rights to operate two gold mines in Rajasthan. This competitive bidding process, overseen by the Rajasthan government, highlights growing interest in India's mining sector despite regulatory and operational challenges.

The auction, facilitated under the Mines and Minerals (Development and Regulation) Act, aims to allocate mining rights for the Bhukia and Khetri mines in Rajasthan. These mines are estimated to hold significant reserves of gold, attracting bids from major players in ..

Coal India and NMDC eye lithium mines

Coal India and NMDC, two of India's foremost mining companies, are actively exploring opportunities to delve into the lithium mining sector overseas. With the increasing global demand for lithium, driven primarily by the surge in electric vehicles and renewable energy storage solutions, the move signifies a strategic shift in the companies' focus towards emerging minerals crucial for the future of clean energy. As traditional mining commodities face fluctuating demand and environmental scrutiny, diversifying into lithium presents a forward-looking approach for sustainable growth.

Lithi..