EASTERN COALFIELDS LIMITED
South Eastern Coalfields files DRHP with SEBI for IPO; Coal India to offload 66.8 crore shares
Coal India subsidiary South Eastern Coalfields has filed its draft papers with SEBI for an IPO comprising an offer for sale of up to 66.81 crore shares. One of India’s largest coal producers, SECL reported higher revenue and profit and plans to list on the BSE and NSE.
Mumbai man posed as doctor for nearly 30 years, Rs 188 crore transactions across 30 bank accounts under scanner
Dharmendrakumar Singh posed as a doctor for almost three decades and misappropriated Rs 188 crore. He allegedly diverted funds from various trusts and organizations to relatives and associates. Investigators scrutinized a tuberculosis screening project that had numerous unverified beneficiary records. During a July search, the police seized medical supplies and documents linked to his operations. The ongoing investigation focuses on the misuse of CSR funds and fraudulent healthcare initiatives.
Blackouts hit Indian factories as coal crunch feeds into economy
Indian industries and households are grappling with power shortages due to reduced coal supplies and extreme weather conditions. The weak monsoon has limited hydropower generation while demand for electricity has surged. Many factories, including small steel mills, are facing lengthy outages, impacting production and increasing costs. Consumers in states like Uttar Pradesh are experiencing significant blackouts, prompting investments in backup systems.
Coal India Limited announces ambitious Business Development portfolio for diversification beyond mining
Coal India Limited announced its ambitious business development portfolio on Sunday. This plan focuses on five key platforms for future expansion and growth. Initiatives include coal gasification, thermal power, and renewable energy ventures. The company will also explore critical minerals and advanced materials. This diversification aims for energy and mineral security and import substitution.
Coal supply rises as rains recede, stocks recover at critical plants
Coal India's average daily coal production, rose by 35% to around 1.83 million tonnes on September 6 against around 1.36 million tonnes during the first three rain-affected days of September. The average daily despatch to the power sector increased by 24% from around 1.37 million tonnes during the first three days of September to 1.7 million tonnes as on September 6.
Coal India arm Mahanadi Coalfields files IPO papers, plans OFS of up to 66 cr shares
Mahanadi Coalfields has filed its DRHP for an IPO comprising an OFS of up to 66.18 crore shares by promoter Coal India. The proposed listing will give investors direct exposure to one of India’s largest non-coking coal producers, backed by substantial reserves and established mining infrastructure.
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ECL seals Khandra mine after surface cracks near Nilkanth Temple
Eastern Coalfields Limited is implementing safety measures at Khandra Colliery. Surface cracks were observed near Nilkanth Temple on July 28, 2026. Unauthorised structures hinder effective surface filling and may cause air ingress. Sealing the mine from the surface is a proactive safety intervention. The company is monitoring the situation and ensuring employee safety.
Prism Johnson shares jump 11% after securing contracts from Coal India subsidiaries
Prism Johnson shares rallied up to 11% after the company secured coal supply contracts for 1.28 lakh tonnes per annum from Coal India subsidiaries Eastern Coalfields and South Eastern Coalfields. The 10-year contracts, valued at approximately Rs 70.49 crore annually, take the company’s total coal linkage to 2,79,400 tonnes per annum, covering around half of its Cement Division’s annual fuel requirement.
Coal India board approves up to 35% divestment in SECL via OFS, fresh issue; up to 25% in Mahanadi Coalfields
Coal India's board has approved divesting up to 25% of its stake in South Eastern Coalfields Ltd (SECL) via Offer for Sale, alongside a fresh issuance of up to 10% equity through an IPO or other market routes. This move, along with a similar divestment in Mahanadi Coalfields Limited, aims to raise capital and explore overseas opportunities in critical minerals.
Ministry of Coal launches India's first pilot project for underground coal gasification in Jharkhand
India's Ministry of Coal launches the first Underground Coal Gasification pilot project at Kasta coal block in Jharkhand, aiming to convert coal into valuable gases like methane and hydrogen for industrial use.
CBI nabs Deputy GM of Eastern Coalfields Limited in bribery case
In a startling turn of events, the Central Bureau of Investigation (CBI) has arrested a deputy general manager posted in the Hariajam Colliery under Eastern Coalfields Limited (ECL) in Dhanbad in connection with an alleged bribery case.
Uday A Kaole appointed chairman-cum-managing director of Coal India arm MCL
Kaole brings with him 36 years of rich technical and administrative experience in the coal mining sector. He has a long experience of working in challenging underground coal mines operations, as well as in the opencast mines, MCL said in a statement.
South Eastern Coalfields despatches 100 MT coal in record time
The company's mega projects Gevra, Dipka, and Kusmunda located in the Korba district have contributed significantly to the total dispatch of 100 million tonnes of coal with 30.3 MT, 19.1 MT and 25.1 coal supply, respectively. Based in Bilaspur, SECL, with 67 blocks, is among the top three coal-producing subsidiaries of Coal India Ltd (CIL) under the Ministry of Coal. In FY23, CIL's output was 703.21 MT out of which SECL's contribution was 167 MT.
Coal India receives 100% booking in its first single-window e-auction
CCEA had on February 26 approved a single spot e-auction window by coal companies for all consumers that will lead to uniform market-discovered price for the same grade of coal.
CIL arm CCL seeks reconciliation on Jharkhand's Rs 56,000 cr dues demand from Coal India
Jharkhand Chief Minister Hemant Soren had on Friday sought immediate payment of Rs 56,000 crore "dues" to the state from the coal giant in addition to payment of royalty on coal on 'ad valorem' basis when CIL Chairman cum Managing Director (CMD) Pramod Agarwal called on him.
Coal India Ltd expects 120 milion tonnes e-auction sales
Due to increased demand, the premium over notified price has also increased since October. CIL has netted 15% premium during April-December’20. Among the subsidiaries, Eastern Coalfields Limited clocked the highest 40% increase over the notified prices with Central Coalfields Limited and Bharat Coking Coal Limited registering 23% and 22% respectively, the official said.
Coal India cautions against fake employment notice for 88585 posts
Coal India does not have any subsidiary company with the name "South Central Coalfields Ltd (SCCL)" and also it is not participating in any such recruitment exercise, the notice mentioned.
NCL to invest Rs 1,150 crore, join 100 MT production club in FY19
As of now, only two Coal India subsidiaries -- South Eastern Coalfields and Mahanadi Coalfields -- are producing in excess of 100 MT per annum.
Coal India's production declines, sales grow in April
According to the provisional data, the miner, which has been dealing with weak demand, missed the production target of 43.58 mt for April.
Steps being taken to check theft of coal: Government in Lok Sabha
"Coal is being stolen. There is no doubt that there is pilferage. We are taking steps to check it as coal is the mainstay of our economy," Prabhu said.
Coal India decides to set up 16 washeries: Government
The government today said Coal India (CIL) has decided to set 16 coal washeries in its various subsidiaries aimed at making the fossil fuel more competitive.
Coal PSUs contributes Rs. 125 crores for Uttarakhand relief work
Public sector undertakings under the ministry of coal have so far contributed Rs 125 crore for relief and rehabilitation work in Uttrakhnand.
Energy content in ECL coal lower by 30%, finds CIL study
Variance in energy content and the samples will mean decline in income for the same volume of coal supplied.
Coal India's subsidiaries should be spun off: Planning Commission
In view of growing supply deficit of coal, Plan panel has suggested spinning off CIL's subsidiaries into separate entities.
Coal India initiates process to seek green nod for 218 mines
CIL has initiated the process of seeking environmental clearances for 218 mines, which were being operated without the green nod.
CIL draws flak from CAG for inadequate CSR spending
Maharatna company Coal India (CIL) has drawn flak from accounting watchdog CAG for inadequate fund allotment
Written clearance for CILs 14 projects: Jaiswal
Coal Minister Sriprakash Jaiswal today said his ministry has received environment clearance in writing for Coal India's 14 projects.
Power generation of NTPC plant badly hit with goods derailment
Power generation was severely hit at Bihar's Kahalgaon-based NTPC plant with five of its units shut down following disruption in coal supply from Eastern Coalfields Limited (ECL) Lalmatia mine to the plant.
Power cos see red as CIL seeks fresh supply terms
Triggering a dispute that could affect several thermal power producers, Coal India has sought revised terms for fuel supply to projects.
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