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Kolkata, Mar31 () South Eastern Coalfields Ltd(SECL), the largest coal producing subsidiary of Coal IndiaLtd, became the first coal company to produce one milliontonnes of dry fuel in a single day amid the countrywidelockdown to contain coronavirus.The SECL contributes almost a fourth of the totalproduction of the Maharatna PSU.The SECL has produced record one million tonnes ofcoal in a single day on March 27, highest ever by any companytill date amid the coronavirus crisis," a company officialsaid.Coal mining activity and its transportation has beendeclared as Essential Service during the lockdown due toCOVID-19 outbreak.Owing to huge production loss due to deluge in themines this monsoon, the SECL output in this year is likely tofall short of its previous year's production of 157 milliontonnes, the official said.But it will able to surpass the 150 million tonne markand retain the top producer rank among the six Coal Indiasubsidiaries."The SECL is striving relentlessly in producing coalto meet the power generation requirement of the country," hesaid.Meanwhile, in its fight against the coronaviruspandemic, the company is contributing funds under CSR tovarious districts in its command area, the official said. BSMMM MM

SECL registers 1MT single day production amid nationwide lockdown

New Delhi, May 4 () Chhattisgarh East West Rail Ltd (CEWRL) has entered into a pact with a consortium of banks led by State Bank of India for a sanctioned loan of Rs 3,976 crore to develop a 135-km double rail line for coal evacuation.CEWRL is a joint venture company formed by Coal India arm South Eastern Coalfields Ltd (SECL), IRCON and the Chhattisgarh government."A common loan agreement was signed between Chhattisgarh East West Rail Ltd... and consortium of banks led by State Bank of India for a sanctioned loan of Rs 3,976 crore for development of a 135 KM double rail line to help evacuate coal from SECL mines," according to a Coal India official. The loan will be utilised by CEWRL for a 135-km double line connectivity from Gevra Road to Pendra Road (both existing stations) to evacuate coal from Gevra, Dipka and Kusmunda -- the mega mines of SECL. "The project has been designed with a debt to equity ratio of 80:20 wherein the promoters are required to contribute about 994 crore and the balance amount of Rs 3,976 crore is arranged from banks as rupee term loan," the official said. With the promoters investing more than Rs 650 crore in the project and land acquisition and forest clearance already obtained for the main line of the project, the project is now expected to be completed by March 2023. When completed, it will help SECL evacuate about 65 million tonnes (MT) of coal every year from its mines.Coal India eyeing one billion tonnes of output target amid slump in fuel demand in the wake of lockdown.East-West Rail Corridor Project with an estimated cost of Rs 4,970 crore is a 135-km double line electrified railway project from Gevra Road to Pendra Road as a shorter and alternate route to the existing highly congested available rail system for movement of coal traffic towards northern and western part of the country. "The project also includes connectivity to the Gevra, Kusmunda and Dipika Mines of SECL which are slated for massive enhancement in coal production," the official said.SECL has a 64 per cent holding in CEWRL; IRCON, a Ministry of Railways PSU, holds 26 per cent stake; and the rest 10 per cent of the stake is held by State Industrial Development Corporation, the Government of Chhattisgarh. State Bank of India is the lead bank with Rs 1,800 crore exposure to this infrastructure project and the rest of the exposure is amongst Punjab National Bank, Union Bank of India, Canara Bank, Indian Bank and Bank of Baroda.Coal india accounts for over 80 per cent of domestic coal output. SID MKJ

CEWRL signs pact with SBI-led consortium for funding rail line project to evacuate coal

New Delhi, Apr 6 () State-owned CIL has developed a sanitising chamber for disinfecting its mine workers and containing the spread of the deadly coronavirus that has wreaked havoc across the world. The sanitising chamber at one of the mines of Coal India-arm South Eastern Coalfields Ltd (SECL) has already been commissioned, an official said. Each worker of SECL at the Bartunga Hill Mine in Chhattisgarh enters the sanitising chamber where a disinfectant is sprayed over the full body, making the worker safe and sanitised, the official said. "A full-body sanitiser has been commissioned in Bartunga Hill Mine, Chirimiri area, SECL. The system consists of a water pump ... In the system there are total 16 misting nozzles which are installed on both sides of the chamber in two columns; four nozzles each on both side of the chamber which operates automatically by a timer circuit," the official said. When a person put his leg even for a second in the foot platform of timer circuit, the pump operates automatically in turn water misting starts from all the 16 nozzles, the official explained. The nozzles are operative for 20 seconds which is required for proper sanitisation, the official said adding that after that the pump stops automatically. The chemical used for sanitisation is sodium hypochlorite in recommended portion with water. According to the official, another Coal India subsidiary Mahanadi Coalfields Ltd (MCL) has pressed into service a "fog cannon" to sanitise peripheral areas among coal miners and people living in and around its operations. The single largest coal-producing company in the world has taken several measures to contain the spread of coronavirus pandemic. CIL subsidiaries have distributed more than 3.3 lakh face masks to the people in and around coal mines. The arms have set up 1,509 isolation beds in eight states in the fight against the COVID-19 pandemic, an official said. The eight coal-bearing states are Jharkhand, West Bengal, Odisha, Madhya Pradesh, Uttar Pradesh, Chhattisgarh, Maharashtra and Assam. In its fight against the deadly virus, CIL had earlier pledged Rs 220 crore to the Prime Minister's Citizen Assistance and Relief in Emergency Situation (PM-CARES) Fund. Coal India accounts for over 80 per cent of domestic coal output. SID MRMR

Combating Covid 19: Coal lndia develops sanitsing chamber for mine workers

New Delhi, Jan 28 () Coal India on Tuesday said it has registered a double-digit production growth of 10.7 per cent in January.
 The company as a whole has been averaging close to 2 MT per day coal output during the month, it said in a BSE filing.
 "Coal India Ltd (CIL) clocked double-digit growth of 10.7 per cent in coal production for the month of January 2020, till 27th (January)," it said.
 "CIL's production at 54.17 MT till January 27, was ahead by 5.23 MT in absolute terms on a like-to-like comparison of last year, registering a growth of 10.7 per cent, the first double-digit growth so far during the current fiscal," the filing said.
 A company official said the production spurt came largely on the back of production in Mahanadi Coalfields and South Eastern Coalfields Ltd (SECL) adding "by the end of January, production is likely to be up by another 8 MT."
 Mahanadi Coalfields surged ahead with 21.5 per cent production growth, as of the referred date, followed by SECL with 14.4 per cent.
 These are two of the largest producing subsidiaries of CIL, which together contribute close to half of CIL's total coal output.
 Much to the relief of the company, Dipka opencast mine of SECL, the third largest coal producing mine of CIL, came back strongly in record time reaching one lakh tonne per day production.
 Dipka's lower benches were flooded when a non-seasonal river broke the embankment and flooded the mine on September 29, 2019, it said.
 "Coal offtake at 48.07 MT, as of 27th January 2020, registered a growth of 6.2 per cent compared to same date last January...," it said.
 There is no shortage of coal in power plants, with a total of 65.66 MT currently available in the system, of which stock at CIL's pitheads is 31.41 MT.
 Thermal power plants were adequately stocked with 34.25 MT of coal (as of January 26), sufficient for 19 days consumption, it said.
 The current level of coal stock at power plants is 14.89 MT more than that of the year-ago level. In the year-ago period, it was 19.36 MT.
 "Better management of supply logistics ensured that coal stock at various power stations was maintained throughout the year and the number of critical power plants never touched double-digit during 2019-20 as per CEA," the official said.
 After almost three years, the number of NTPC plants and NTPC/JVS having super critical stock was down to zero. SID SID ANU
ANU

Coal India output in January rises 10.7 pc

New Delhi, Apr 5 () State-owned CIL's subsidiaries have set up 1,509 isolation beds in eight states in the fight against the Covid-19 pandemic, an official said. The eight coal bearing states are Jharkhand, West Bengal, Odisha, Madhya Pradesh, Uttar Pradesh, Chhattisgarh, Maharashtra and Assam. Of the 1509 beds, Coal India arm Mahanadi Coalfields Ltd (MCL) has set up the maximum 664 beds at its hospitals in places like Bhubaneswar, Angul, Jharsuguda, Sambalpur and Sundargarh in the state of Odisha. Besides, Northern Coalfields Ltd (NCL) has come up with 200 isolation beds in Madhya Pradesh and Uttar Pradesh. Bharat Coking Coal Ltd (BCCL) has set up 100 beds, Central Coalfields Ltd (CCL) 180 beds, Eastern Coalfields Ltd (ECL) 144 beds, South Eastern Coalfields Ltd (SEC) 132 beds, Western Coalfields Ltd (WCL) 75 beds and North Eastern Coalfields Ltd (NECL) 14 beds. The subsidiaries have also distributed more than 3.3 lakh face masks to people in and around the coal mines, the official added. ECL has distributed the maximum 76,367 masks, followed by NCL (66,847), SECL (64,536) and WCL (52,613), among others. CIL had earlier pledged Rs 220 crore to the Prime Minister's Citizen Assistance and Relief in Emergency Situation (PM-CARES) Fund to fight against the coronavirus pandemic. CIL accounts for over 80 per cent of domestic coal output. The PSU has taken various initiatives to continue the dry fuel supply to various sectors, including power, during the lockdown period. The measures include extending the time for coal lifting and making payments, and relaxing penalty against defaulters. SID ABM

Covid-19: Coal India arms set up 1,509 isolation beds in 8 states

New Delhi, Dec 11 () Six of the seven coal producing subsidiaries of the world's largest miner CIL did not devise a policy as mandated by the environment ministry, according to a CAG report tabled in Parliament on Wednesday.
 "Coal India Ltd (CIL) amended its original Corporate Environment Policy (CEP) and formulated a comprehensive Environment Policy only in March, 2012, followed by a revised policy in December 2018.
 "However, six out seven coal producing subsidiaries of CIL did not formulate a policy as mandated by MoEF&amp;CC (Ministry of Environment, Forest and Climate Change) which stipulated that a well laid down environment policy duly approved by the Board of Directors of the subsidiaries needs to be in place," the report by the Comptroller and Auditor General of India (CAG) said.
 Further, guidelines containing the responsibility and delegation at different levels in environment discipline were formulated by CIL, but the same were not dovetailed in their operating manual by the subsidiaries, according to the CAG report on 'Assessment of Environment Impact due to Mining Activities and its Mitigation in Coal India Ltd and its Subsidiaries'.
 CAG further said the pollutants exceeded the limits prescribed by the Bureau of Indian Standards (BIS) in eight mines across three subsidiaries of CIL.
 "Further during 2013-18, 62 lakh kilo-litre (KL) of untreated water was discharged to nearby water bodies by Lakhanpur and Basundhara (W) mines of MCL thereby contaminating ground water," it said.
 Coal India arms CCL, BCCL and SECL continued to use ground water for their mining operations without obtaining no objection certificate from Central Ground Water Authority. The subsidiaries did not install sewage treatment plant at the residential colonies of the collieries, thereby contaminating the ground water.
 "Due to absence of mechanical brooming/industrial cleaner in Piparwar OCM of CCL, the spillage from overloaded truck/dumpers accumulated along the sides of the bridge of Safi river, was not cleaned periodically," it said.
 These eventually drained into the river, thereby contaminating the water. Further, the rejects of Kathara washery of CCL were found to be contaminating the Damodar river. SID ABM

Six CIL arms did not formulate policy as mandated by environment ministry: CAG

State-owned <keyword id="59700" type="CITY" weightage="100" keywordseo="Coal-India-Ltd">Coal India Ltd</keyword> arm <keyword id="175844" type="ORGANIZATION" weightage="20" keywordseo="CCL">CCL</keyword> today said that it will not go ahead with the proposed buyback plan worth Rs 1,001.8 crore, according to <keyword id="6367495" type="COMPANY" weightage="20" keywordseo="PTI">PTI</keyword>. 
 "The board of Directors of CCL at its meeting held on March 10, 2017 have after reviewing the limited reviewed unaudited financials of the <keyword id="24975" type="ORGANIZATION" weightage="20" keywordseo="company">Company</keyword> ended 31 December 2016, based on the Revised Valuation Report submitted by <keyword id="146899" type="POSITION" weightage="20" keywordseo="merchant-banker">Merchant Banker</keyword>, decided not to proceed with the proposed buyback," <keyword id="45383" type="COMPANY" weightage="20" keywordseo="Coal-India">Coal India</keyword> said in a filing to BSE. 
 
Central Coalfields Ltd (CCL)-- the Coal India arm -- had a few days back approved a share buyback plan worth Rs 1,001.88 crore. 
 
"The board of directors of CCL, our wholly-owned subsidiary, at a meeting held on March 3, 2017 considered and approved the buyback of 5,21,000 fully paid equity shares of face value of Rs 1,000 each from the members of CCL on a proportionate basis through tender offer," Coal India had said. 
 
The equity shares are proposed to be bought back "for an aggregate amount not exceeding Rs 1,001.88 crore...at a price of Rs 19,230 per equity share payable in cash, subject to the approval of the shareholders of CCL," it had said. 
 
The equity shares proposed to be bought back by CCL represent 5.54 per cent the total number of equity share capital in the paid up share capital of CCL, the company had said. 
 
Coal India accounts for over 80 per cent of the country's domestic production. 
 In another filing to BSE, CIL said its board today approved to tender the shares held by the <keyword id="44530" type="COMPANY" weightage="20" keywordseo="PSU">PSU</keyword> in its arms -- <keyword id="260788" type="COMPANY" weightage="20" keywordseo="Mahanadi-Coalfields-Ltd">Mahanadi Coalfields Ltd</keyword> (MCL), <keyword id="758143" type="ORGANIZATION" weightage="20" keywordseo="Northern-Coalfields-ltd">Northern Coalfields Ltd</keyword> (<keyword id="6371398" type="ORGANIZATION" weightage="20" keywordseo="NCL">NCL</keyword>), <keyword id="1440942" type="COMPANY" weightage="20" keywordseo="South-Eastern-Coalfields-Ltd">South Eastern Coalfields Ltd</keyword> (SECL) -- in their respective buyback offer. 
 
MCL's 4,51,743 shares would be tendered in the buyback offer and "the price per share at which the shares are to be tendered is (in Rs) 35,796.02." 
 
NCL's 4,11,135 shares would be tendered in the buy back offer and "the price per share at which the shares are to be tendered is (in Rs) 30,260.70." 
 
SECL's 6,09,250 shares would be tendered in the buy back offer and "the price per share at which the shares are to be tendered is (in Rs) 19,699.47."

You Searched For "SECL" and got 7 results

SECL registers 1MT single day production amid nationwide lockdown

PTI

CEWRL signs pact with SBI-led consortium for funding rail line project to evacuate coal

PTI

Combating Covid 19: Coal lndia develops sanitsing chamber for mine workers

PTI

Coal India output in January rises 10.7 pc

PTI

Covid-19: Coal India arms set up 1,509 isolation beds in 8 states

PTI

Six CIL arms did not formulate policy as mandated by environment ministry: CAG

PTI

Coal India Ltd arm refused to go with Rs 1,002-crore buyback plan

BI India Bureau

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