economictimes.indiatimes.com Open in urlscan Pro
2a02:26f0:fb:1bb::216f  Public Scan

Form analysis
0 forms found in the DOM

Text Content

BenchmarksLIVE
Nifty16,342.85172.70
Created with Highcharts 10.0.0
View Full Chart
NSE Gainer-Large Cap
Delhivery Ltd.539.1539.35
Created with Highcharts 10.0.0
View Full Chart
FEATURED FUNDS
★★★★★
Edelweiss Flexi Cap Fund Direct-Growth
5Y Return
12.64 %
Invest Now
FEATURED FUNDS
★★★★★
Edelweiss Mid Cap Fund Regular-Growth
5Y Return
13.37 %
Invest Now
FEATURED FUNDS
★★★★★
Edelweiss Recently Listed IPO Fund Regular - Gro..
3Y Return
21.12 %
Invest Now
FEATURED FUNDS
★★★★★
Edelweiss Small Cap Fund Direct - Growth
3Y Return
26.16 %
Invest Now
FEATURED FUNDS
★★★★★
Edelweiss Balanced Advantage Fund Direct-Growth
5Y Return
11.83 %
Invest Now
CRYPTOCURRENCYLIVE
Presented By:
btcBUY NOW
₹23,74,340-0.03%
Created with Highcharts 10.0.0

ethBUY NOW
₹1,45,233-3.47%
Created with Highcharts 10.0.0

usdtBUY NOW
₹820.05%
Created with Highcharts 10.0.0

usdcBUY NOW
₹820.07%
Created with Highcharts 10.0.0

Market Watch

Industry
English EditionEnglish Editionहिन्दीગુજરાતીमराठीবাংলাಕನ್ನಡമലയാളംதமிழ்తెలుగు
| Print Edition
Sign In
Get Benefits Worth Rs. 8700
Search
+

Home
ETPrime
Markets

News

Industry

RISE

Politics
Wealth

Mutual Funds

Tech

Jobs

Opinion

NRI

Panache

ET NOW

More


Auto
Auto News
Cars & UVs
Two wheelers & three wheelers
LCV & HCV
Auto Components
Tyres
Banking/Finance
Banking
Finance
Insure
Cons. Products
Durables
Electronics
Fashion / Cosmetics / Jewellery
FMCG
Food
Garments / Textiles
Liquor
Paints
Tobacco
Energy
Power
Oil & Gas
Renewables
Solar Energy Wind EnergyPolicy and regulationsPeopleHybrid PowerElectric
vehicles
Ind'l Goods/Svs
Construction
Engineering
Cement
Chem / Fertilisers
Metals & Mining
Packaging
Paper / Wood / Glass/ Plastic/ Marbles
Petrochem
Steel
Healthcare/Biotech
Biotech
Healthcare
Pharmaceuticals
Services
Advertising
Consultancy / Audit
Education
Hotels / Restaurants
Property / C'struction
Retail
Travel
Media/Entertainment
Entertainment
Media
More
TransportationRailwaysAirlines / AviationShipping /
TransportRoadwaysTechITESTech & InternetStartupsFundingTech BytesTelecomTelecom
NewsTelecom PolicyMiscellaneousCSRInitiativesPolicyEnvironment
Business News›Industry›Ind'l Goods/Svs›Metals & Mining›Coal India to divest 25%
stake in BCCL; plans subsequent listing




COAL INDIA TO DIVEST 25% STAKE IN BCCL; PLANS SUBSEQUENT LISTING

SECTIONS
Coal India to divest 25% stake in BCCL; plans subsequent listing
PTILast Updated: May 26, 2022, 04:34 PM IST
Synopsis


STATING THAT THE COMPANY'S BOARD HAD GIVEN ONLY "IN PRINCIPLE" APPROVAL TO THE
PROPOSAL, CIL SAID THAT ONLY AFTER GETTING FURTHER CLEARANCE FROM THE
GOVERNMENT, SUBSEQUENT ACTION WOULD BE INITIATED.

In FY'21, BCCL achieved a production of 24.66 million tonnes (MT), against the
target of 37.13 MT and off-take of 23.13 MT against the target of 37.13 MT.
State-owned
CIL
on Thursday said it is planning to divest 25 per cent stake in its unlisted arm
Bharat Coking Coal Ltd (BCCL) and will go for the subsequent listing of the
subsidiary on stock exchanges after obtaining further clearances. A meeting of
the board of directors to this effect was held on March 10, 2022,
Coal India Ltd
NSE -0.93 % (CIL) said in a regulatory filing.

"As advised by MoC (Ministry of Coal), CIL Board in its 438th meeting held on
March 10, 2022 had accorded its 'in-principle' approval to divest 25 per cent of
paid-up share capital of BCCL held by CIL and its subsequent listing on stock
exchanges and advised to forward the proposal to Ministry of Coal for obtaining
further clearances," the filing said.

Stating that the company's board had given only "in principle" approval to the
proposal, CIL said that only after getting further clearance from the
government, subsequent action would be initiated.



"On receipt of further clearance from MoC (Ministry of Coal) the same would be
placed to CIL board and the decision of CIL board would be promptly disseminated
to stock exchanges," the filing said.

In FY'21, BCCL achieved a production of 24.66 million tonnes (MT), against the
target of 37.13 MT and off-take of 23.13 MT against the target of 37.13 MT.

The net turnover of the company during FY'21 was Rs 6,149.81 crore against the
previous year turnover of Rs 8,967.56 crore. This significant fall in sales
affected the bottom line of the company's finances, according to the annual
report of BCCL.

As a result of which, the company could not maintain its profitability unlike
previous years and incurred a net loss (LBT) of Rs 1,577.06 crore. Its PBT
(profit before tax) stood at Rs 991.12 crore in 2019-20, the report said.


Coal India
NSE -0.93 % accounts for over 80 per cent of domestic coal output.

BCCL was incorporated in January, 1972 to operate coking coal mines operating in
the Jharia & Raniganj Coalfields. It was taken over by the government on October
16, 1971. It is a Public Sector Undertaking engaged in mining of coal and allied
activities.





READ THE NOW!

Indulge in digital reading experience of ET newspaper exactly as it is.

Read Now


READ MORE NEWS ON

cilbcclcoal indiabharat coking coal ltdcil share pricecoal crisiscoal pricescoal
india ltdcoal indiacil
(Catch all the Business News, Breaking News Events and Latest News Updates on
The Economic Times.)

Download The Economic Times News App to get Daily Market Updates & Live Business
News.

...moreless



ETPrime stories of the day

Jobs

Resume requisites for future jobs: learning that signals value; lateral-thinking
chops; soft skills


6 mins read
Environment

Sustainability in the spotlight: decoding India’s ESG regulatory landscape


9 mins read
Investing

Is fortune finally smiling on Paytm? Non-payment revenues shine, but slow GMV
growth is still a drag.


7 mins read

Subscribe to ETPrime


POPULAR IN IND'L GOODS/SVS

 * Kumar Mangalam Birla may have missed out on Holcim deal but he isn't ruing it
 * ArcelorMittal Nippon Steel India to invest Rs 1,000 crore in capacity
   expansion at Vizag plant
 * Magod Laser's eighth unit to come up in Hosur, Tamil Nadu
 * L&T, Komatsu India, Scania showcased 18 machines at Excon 2021
 * Water-from-air tech: Watergen announces joint venture with SMV Jaipuria
   Group, to invest over $50 million in 2-3 yrs



Top Trending Industry Terms

 * Jet Airways NewsKia EV6 BookingPetrol Price TodayDelhi CNG Price
 * Hyundai MotorAdaniMahindra NewsAmazon
 * Elon MuskBig BazaarTata Motors Ace EVFrance News
 * India Power Crisis


MOST POPULAR NEWS

 * Billionaire Gautam Adani’s food venture is best-performing Asia IPO
 * When the country is going through a crunch like this, additional taxation may
   be the answer: Mythili Bhusnurmath
 * History suggests 14,500 could be a bottom for Nifty, says CLSA
 * For Indian tourists to the EU & US, all but visa is ready
 * Singtel set to dial Sunil Mittal to sell part stake in Bharti Airtel





MOST POPULAR OPINION

 * IPEF: Chip off the new block
   ByAkhil Ramesh
 * Don't swing between ban and incentives
 * US Exceptionalism Triggering Self-Harm



Read before you invest. Insights on Coal India Ltd.. Explore Now


Trending Now

Jet Airways NewsKia EV6 BookingPetrol Price TodayDelhi CNG PriceMahindra
NewsAdaniAmazonICICI BankJoe BidenAdani GroupLPG Cylinder Price HikeTata Motors
Ace EV

Popular Categories

AutoBanking/FinanceCons. ProductsEnergyRenewablesInd'l
Goods/SvsHealthcare/BiotechServicesMedia/EntertainmentTransportationTechTelecomMiscellaneousCSREnvironment

Hot on Web

Hindalco Q4 ResultsUP Board Results 2022Aether Industries IPO Subscription
StatusJapanese Man Dog CostumeBank Holidays June 2022BPCL Q4 ResultsSensex
TodayIndia GDP Growth Live NewsAssam HSLC Result 2022French Open 2022Hindustan
Zinc Stake SaleESIC MTS Result 2022Cardless Cash WithdrawalBinance Coin
PriceWhat are balanced mutual fundsGlobal marketsMutual funds

In Case you missed it

Jet Airways NewsKia EV6 BookingPetrol Price TodayDelhi CNG PriceHyundai
MotorAdaniLPG Cylinder Price HikeAmazonICICI BankElon MuskAdani GroupLPG
Cylinder Price HikeTata Motors Ace EV

Top Calculators

Standard Deviation CalculatorIncome Tax CalculatorAge CalculatorTime
CalculatorBMI CalculatorGPA CalculatorStatistics CalculatorFraction
CalculatorDiabetes Risk CalculatorDate CalculatorLog Calculator

Top Searched Companies

Paras Defence And Space Technologies Ltd Share PriceSEL Manufact Share
PriceSuzlon Energy Share PriceAdani Ports SEZ Share PriceReliance Power Share
PriceJubilant Food Share PriceBrightcom Group Share PriceAvenue Supermart Share
PriceMotherson Sumi Share PriceONGC Share Price

Top Definitions

HackingEarnings Per Share EpsTraining Needs AnalysisTheory X Theory YWeb Server

Top Commodities

Cotton RateCrudeoil RateNickel RateZinc RateNaturalgas Rate

Top Prime Articles

Reinventing Jobs The Skills For 2030Tracing The Journey Of Ai Its Turning Points
And What The Future Looks LikeSpring In Their Step Indian Footwear Makers Are
Set For Explosive Growth In The Post Pandemic WorldBira 91 Preserved Its Fizz
Despite The Pandemic The Pint Sized Brewer Wants To Sparkle Now Can ItDecoding
Rbis Peek A Boo Rate Hike Liquidity Sapping Move To Arrest Inflation And Its
Wider ImpactLti Mindtree Dreams Of Being A Tcs The Outcome Of The Merger Will
Realize Or Wreck The DreamThe Challengers Can Fintech Players Trump Traditional
Lenders With Their Version Of Credit CardsOver Inr9000 Crore Of Banks Funds
Stuck As Tayal Group Firms Give Related Party Twist To IbcHow Ocean Containers
Became A Gold Mine For Shipping Lines But Drowned Small ExportersCigarette Wheat
Dividend How Itc Shares Make Retail Investors Smile And Option Traders Pay

Top Story Listing

Epfo PensionGlobal MarketsZomatoCoinmarketcapCoronavirus Lockdown

Top Slideshow

RcfPower FinanceBritannia IndustriesBharti AirtelTcs Profit Rs 38449
CroreRcfPower FinanceBritannia IndustriesBharti AirtelTcs Profit Rs 38449 Crore

Top Trending Topics

Terra LunaNewspaper4th Covid WaveVanessa ParadisJohnny Depp

Top Videos

Watch Tata Motors Unveils First Pure Ev Avinya Concept Launch Expected In
2025Bcci Imposes 2 Year Ban On Boria Majumdar For Intimidating Wicket Keeper
Wriddhiman SahaGujarat Ats Coast Guard Seize Pakistan Boat Carrying Heroin Worth
Rs 280 CroreBjps Tajinder Bagga Arrested By Punjab Police Over Alleged Threats
To Delhi Cm Arvind KejriwalNsg Team Defuses Explosive Device Found Outside
Burail Jail In ChandigarhEt Awards For Corporate Excellence Jury Speaks Cyril
ShroffEt Awards For Corporate Excellence Jury Speaks N VenkatramStocks In Focus
Ril Wipro Hdfc Bank And MoreGama Pehlwan Google Celebrates The Undefeated
Wrestling Champion With An Artistic DoodleExperts Take Should You Invest In Lic
Ipo

Private Companies

Kisetsu Saison Finance India Private LimitedNdx P2p Private LimitedExcellent
Escort Services Private LimitedMebigo Labs Private LimitedGoldenland Developers
Limited

Popular Articles

Covid 19 Tamil Nadu Reports First Case Of Omicron Ba 4 VariantAbsolutely
Imperative For Msmes To Be Digitised To Pursue New Opportunities In Post Covid
World Union Minister Rajeev ChandrasekharNri Helpdesk Can You Expedite Your Us
Visa ProcessingWood Includes Cams Macrotech In India PortfolioIcmr Ncdc Put On
Alert As Who Confirms 80 Monkeypox Cases In 11 CountriesMaharashtra Kerala
Rajasthan Reduce Vat On Petrol Diesel After Centre Cuts Excise DutyMind Over
Money Rahul Jain Of Edelweiss Wealth Decodes Traits Of An Effective Trader
InvestorMarket To Remain Volatile These Four Stocks Can Rally Up To 13 Amit
Trivedi Yes SecRe Loses To Dollar But Wins Against Other HeavyweightsOla
Electric Hikes Price Of Flagship S1 Pro Scooter

Most Searched Articles

Up To 19000 Rally 8 Biggest Stock Gainers Of Narendra Modis 8 Years In
OfficeCannes 2022 Opens To Glits Glamour India Bags Spotlight As Deepika
Padukone Tamannaah Bhatia Take Over The Red Carpet Ukraine Gets Special Mention
Check Day 1 Highlights HereHow Often Can You Be Infected With The
CoronavirusCovid 19 Is Self Destructive Too Study Shows How The Virus Infected
Cells Can Explode Causing Lungs Internal Organ DamageMeet Maia Sandu President
Of Moldova Who Flies In Economy Class Has 4 Sandwich For Lunch


Copyright © 2022 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint
rights: Times Syndication Service



Stories you might be interested in

Subscribe to ourET Investment Opportunities
SUBMIT
BACK TO TOP
X
We use cookies and other tracking technologies to improve your browsing
experience on our site, show personalize content and targeted ads, analyze site
traffic, and understand where our audience is coming from. You can also read our
privacy policy, We use cookies to ensure the best experience for you on our
website.
By choosing I accept, you consent to our use of cookies and terms and
conditions.
Analytics and performance Cookiesi
These cookies are used to collect information about traffic to our Services and
how users use our Services. The information gathered does not identify any
individual visitor. The information is aggregated and therefore anonymous. It
includes the number of visitors to our Services, the websites that referred them
to our Services, the pages that they visited on our Services, what time of day
they visited our Services, whether they have visited our Services before, and
other similar information. We use this information to help operate our Services
more efficiently, to gather broad demographic information and to monitor the
level of activity on our Services. We use Google Analytics for this purpose.
Google Analytics uses its own cookies. It is only used to improve how our
Services works. You can find out more information about Google Analytics cookies
here:
https://developers.google.com/analytics/resources/concepts/gaConceptsCookies.
You can find out more about how Google protects your data here:
www.google.com/analytics/learn/privacy.html.
Targeted and advertising Cookiesi
These cookies track your browsing habits to enable us to show advertising which
is more likely to be of interest to you. These cookies use information about
your browsing history to group you with other users who have similar interests.
Based on that information, and with our permission, third-party advertisers can
place cookies to enable them to show adverts which we think will be relevant to
your interests while you are on third-party websites. These cookies also store
your location, including your latitude, longitude, and GeoIP region ID, which
helps us show you locale-specific news and allows our Services to operate more
efficiently. If you choose to remove targeted or advertising cookies, you will
still see adverts but they may not be relevant to you.
I Accept

Loading
Please wait...