NMI is expected to form the basis of all statutory payments in mining such as auction premium, royalty, District Mineral Foundation (DMF) and NMET.
A total of 170,759 shares changed hands on the counter till 01:20PM (IST).
Voda Idea has moved the telecom tribunal Monday, challenging the sector regulator’s July 11 order blocking its RedX premium tariff plan.
"Dues are now at Rs 22,000 crore. We are not sure when the situation will improve, and are yet to see the flow of government funds as assistance to gencos," a company source told .
Mahanadi Coalfields’ decision to cut salaries was following a three-day strike from July 2 by workers to protest privatisation in coal mining. Almost 80% of its 22,000 workers participated in the strike following which they were served the salary deduction notice as its management found the strike illegal.
“If you look at the coal sector also...more than 1,400 people have requested or shown their interest in the last 15 days, which is a great thing. I think it will bring down our imports by more than 60 per centin the coal sector,” Thakur said. The minister was speaking at an online conference hosted by the Confederation of Indian Industry (CII) on Friday.
A total of 486,855 shares changed hands on the counter till 12:30PM (IST).
CIL said it has lined up Rs 10,000 crore as capital expenditure (capex) for the current financial year.
Its investment was 4.2% more than in the same quarter last year, despite the lockdown. Subsidiaries South Eastern Coalfields, Northern Coalfields and Central Coalfields accounted for 81% of the capital expenditure for the quarter.
The index formed a bullish candle, but an Inside Bar, as it traded between the trading range of last session.
"It is noted that the employees...have participated in this illegal strike, which is violation of rule 26.10 of the certified standing orders of the MCL. In view of this misconduct on their part, eight days wage deduction as per section 20 of the Code on Wages Act, 2019, is hereby ordered for this act of participation in the illegal strike," Mahanadi Coalfields Ltd (MCL) said in a notice.
According to the notice the decision was taken at a recent Coal India functional directors’ meet for non-power consumers holding valid supply agreements with coal companies.
Coal India Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30, 2020. For more details, kindly Click here
Nomura India said consensus Nifty50 earnings estimates for FY21 are down 27 per cent.
“Though operations were subdued to a certain degree, performance of the company was better than anticipated during the strike. Workers’ attendance progressively increased from the first day of the strike over the three-day period, averaging close to 36%,” said an executive of the company.
In terms of Regulations 23(9) of SEBI (LODR), Regulations 2015, we are enclosing herewith Related Party transactions on consolidated basis as per format specified in the relevant accounting standards for the financial year ended 31st March20.
Clarification to BSE on Coal production NIL in most mines during 3-days strike by Trade Union Leader
CIL in a statement said that despite the strike "the coal miner managed 44 per cent of coal output, compared to the average of 10 days immediately prior to the first day of the strike". The attendance of the employees progressively increased from the first day of the strike over the three-day period, averaging close to 36 per cent, it said.
About 80% of its 22,000 workers did not report for work during the strike.
The Exchange has sought clarification from Coal India Ltd with respect to news article appearing on www.moneycontrol.com July 04, 2020 titled "Coal production nil in most mines during 3-day strike: Trade union leader ". The reply is awaited.
A company executive said that during the strike, sales fell 39%. The company was unable to sell 2.6 million tonnes, which is worth at least Rs 400 crore. Unions have called for the next strike on Aug 18, which is the last date for submitting bids for commercial coal mining.
We are enclosing the confirmation certificate dated 6th July 2020 received from M/s Alankit Assignments Limited, our Registrar & Share Transfer Agent of CIL as per Regulation 74(5) of the SEBI (Depository and participants) Regulations, 2018 for the quarter ended 30th June 2020.
|No.of Investor complaints pending at the beginning of the quarter||No.of Investor complaints received during the quarter||No.of Investor complaints disposed of during the quarter||No.of Investor complaints unresolved at the end of the quarter|
|Name of the Signatory||:-||m viswanathan|
|Designation||:-||Company Secretary and Compliance Officer|
A total of 141,463 shares changed hands on the counter till 10:48AM (IST).
The unions, including RSS-affiliated Bharatiya Mazdoor Sangh (BMS), of Coal India have also decided to go for a day's strike on August 18, the last date for submitting bids for the auctioning of 41 blocks.
The average daily production by the PSU on the three days was 5,73,000 tonnes, which is 44 per cent of the last 10 days' average production (from June 22 to July 1) of 12,96,900 tonnes, the official said. The coal ministry official said production could take place even on strike days as Coal India employs around one lakh contract workers.
103 stocks on the BSE hit continuous upper circuit during the past five trading sessions.
Five trade unions, including RSS-affiliated Bharatiya Mazdoor Sangh (BMS), of Coal India (CIL) have been on strike since Thursday to protest against the government's decision to start commercial coal mining.
The government plans to impose 20 per cent basic customs duty duty on imported solar panels to boost the domestic industry, the sources said. Solar developers have been largely dependent on Chinese equipment.
Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we would like to inform you that a Joint Venture Agreement was signed on 03.07.2020 with NLC India Limited to develop Solar and Thermal Power assets on pan India basis. Details required to be disclosed as per SEBI Circular no CIR/CFD/CMD/4/2015 dated 9th September, 2015 is enclosed as Annexure-1. This is for your information and record.
Production and top soil removal at mines were 38% and 58% of their respective recent averages. It loaded 5,78,000 tonnes on Thursday against an average of 1.4 million tonnes per day in the past 10 days, while production fell to 4,81,000 tonnes from 1.3 million tonnes per day
The unions on Thursday went on the strike from the first shift which begins at 0600 HRS, Nathulal Pandey, president of HMS-affiliated Hind Khadan Mazdoor Federation said.
A total of 159,660 shares changed hands on the counter till 10:16AM (IST).
Uflex has reported a 43.30 per cent rise in consolidated net profit at Rs 100.90 crore for the fourth quarter.
Coal India's offtake also dropped to 41.61 MT in June from 48.98 MT in the corresponding month of the previous fiscal. The coal offtake by CIL declined to 120.62 MT in April-June from 153.49 MT of offtake in the year-ago period.
Provisional production and offtake performances of CIL and its subsidiaries companies for the month of June 20 and for the period Apr 20 to June 20
Settlement of recent dues by state firms to Coal India Limited’s subsidiary Bharat Coking Coal Ltd has helped improve its financial position and ability to repay loans by the end of this fiscal year, company executives said.
In an interview with ET, India’s minister for coal and mines Pralhad Joshi said that over the next five years, coal should be available unconditionally to power consumers, and that Coal India will remain the largest player and its subsidiaries will not be listed.
This is to inform that the Trading Window will be closed pursuant to the Coal India Limited Code to Regulate, Monitor and Report Trading by Directors, Promoters, Designated Employees and specified Connected Persons of the Company and Subsidiaries of the Company from June 30, 2020 till the announcement of financial results of 1st quarter of 2020-21.
the brokerage expects Coal India to tide over the situation in the near term given its large cash position (net cash: Rs 230 billion).
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