Coal India sources said Rao may quit the post of Chairman of state-owned Coal India Ltd (CIL) to take up the new role.

'The e-auction, as the name suggests, is an open transparent auction process,' says Narsing Rao.

'We are still losing 15,000 tn per day off take. This is the biggest unexpected jolt for us,' says S Narsing Rao.

"I can not say anything on the timeline of the proposed divestment"

"In FY14, we are still betting on the same i.e., 492 million tonnes of coal sales. We are fairly confident about that at the moment."

State-run Coal India will hire a consultant to assess the risks facing the company and its subsidiaries and develop a response strategy.

There has been no change in the pricing last year compared to previous year, so 30 point something EBITDA has been encouraging, says S Nars...

The company scrapped a proposal to import coal this year as it dipped into high inventory to meet requirement of power plants.

In an interview with ET Now, S Narsing Rao, Chairman, Coal India, talks about the impact of the Budget on Coal India and shares his busines...

The impact of diesel price hike would be there in the next quarter because in Jan they increased bulk rate.

"The responsibility or whatever freedom of exploration and extraction should be given to Coal India. "

"We are still confident that we will be able to achieve our target of 124 million tonnes off take and 129 million tonnes production by 31st...

State-run Coal India says it has marginally missed its production and sale targets for the first six months of the current fiscal because o...

Coal India's board has approved import of coal for power producers that are ready to accept it on a cost-plus basis.

"The review of coal block allocation has nothing to do with Coal India. It is the policy of the Government of India and they are handling t...

In an interview with ET Now, S Narsing Rao, Chairman, Coal India Limited discusses the company's quarterly results and guidance for the yea...

S Narsing Rao, who takes charge on Tuesday, will focus on raising the state-run firm's output and consider production-linked incentives for...