Market News

Coal India offers record coal volumes to non-regulated sectors, eases linkage norms

Coal India has put an all-time high 35 million tonne of coal on offer for sponge iron producers and relaxed rules for steel companies as it looks to boost domestic coal availability and reduce import dependence.

Hindustan Zinc Shares Slide 5% Amid Reports Of Govt Stake Sale

The move follows a string of stake sales as the government steps up revenue from state assets, including a 2% stake in Coal India Ltd. last week.

Hindustan Zinc shares tumble 5% to 6-week low after report of govt's plan to sell 2% stake for Rs 5,000 crore

Hindustan Zinc shares fell sharply on Friday after a report said the government may sell up to a 2% stake in the company to raise around Rs 5,000 crore. The proposed divestment comes amid broader disinvestment efforts, with recent stake sales in Coal India and NHPC.

Adani Ports shares snap 2-day fall, rise over 1% after Goldman Sachs raises target price

Shares of Adani Ports saw an uptick on Friday after Goldman Sachs reaffirmed its ‘Buy’ rating and raised the target price to Rs 1,870. Strong cargo volume growth, recovery in thermal coal volumes, Vizhinjam hub expansion, and improving returns prompted the brokerage to upgrade earnings estimates and outlook.

Coal India unit BCCL greenlights measures to ease diesel price stress on contractors

Bharat Coking Coal Ltd, a unit of Coal India, has approved interim measures. These steps aim to ease financial strain on contractors. The strain is caused by a sharp increase in bulk diesel prices. The decision was made by BCCL's Committee of Functional Directors. This framework will help eligible ongoing contracts affected by the abnormal rise in diesel costs.

Coal India Share Price Live Updates: Coal India Market Activity Update

Coal ministry invites applications under gasification projects

The Coal Ministry has launched a new initiative to boost coal gasification projects. Companies can now apply for financial incentives to support the development of these projects. The scheme aims to produce 100 million tonnes of gasified coal by 2030. Eligible projects will receive significant financial support, encouraging investment in this crucial sector.

Coal India Share Price Live Updates: Coal India Weekly Gains Overview

Delhi Court Summons Naveen Jindal, Former Coal Secy PC Parekh Over Coal Block Allocation Irregularities

CBI registered the present case against the accused persons in 2014.

Coal block 'scam': Delhi court discharges Hindalco

A Delhi court has discharged Hindalco Industries and two former executives in a coal block case. The court found no evidence of illegal acts or criminal conspiracy. The Central Bureau of Investigation (CBI) failed to prove criminal breach of trust or cheating. The court stated that the allocation letter did not confer vested rights.

Coal India Share Price Live Updates: Coal India Risk Assessment

Coal India OFS garners strong demand; non-retail portion subscribed over 4 times

The Government of India's offer for sale (OFS) attracted robust investor interest, leading to the full exercise of the oversubscription option.