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All India Association of Coal Executives (AIACE), in a letter, to the Coal India chairman said that the new wage agreement for non-executive employees will result in a pay conflict with executives. ....
Coal India Limited (CIL) achieved a record production of 60 million tonnes in May 2023, marking a 9.5% YoY growth. All subsidiaries demonstrated positive growth, and supplies rose to 63.7 MTs. CIL s overburden removal showed robust growth of 35%, and supplies to non-power sectors reached 22.3 MTs. Coal-based power plants have a stockpile of 35 MTs, 60% higher than the previous year. There is a sufficient coal buffer of approximately 111 MTs. ....
Coal India Limited is hoping to conclude the eleventh version of the national coal wage agreement i.e., NCWA-XI, within a month, benefitting its 2.38 lakh strong nonexecutive manpower. The next round of talks are scheduled on 19th May. ....
The company reported a net profit of ₹5,528 crore in Q4, down from ₹7,719 crore in the previous quarter, and ₹ 6,715 crore in the year-ago period. ....