The company produced 602.14 million tonnes of coal during the last fiscal
But the currency could take a hit if rating agencies respond unfavourably
The environment ministry now in its latest note has said, "In the overall scheme of coal, mine, washery and power plant, the extent of ash content in mined coal remains the same"
In the earlier two rounds held over the last two years, around 9,389 megawatt (MW) of power capacity bid for the coal under the SHAKTI scheme
The company had posted a total production of 45.30 million tonnes (MT) in the corresponding month of the previous financial year, CIL said in a filing to the BSE
Traders can benefit from price volatility in the months to come
Costs unlikely to fall; does not bode well for earnings
All coal producing arms of CIL advised to immediately implement the increase; move is designed to encourage power plants to fo domestic supply instead of relying on imports
The employees had gathered to perform a religious event on Friday
Pending demand for Deferred Payment Letters of Credit implemented as additional mode of payment along with irrevocable revolving L/C for coal supplied to power producers, especially IPPs
For IndusInd Bank keep a stop at 330 and go long
There are over a dozen other companies which could be on the verge of entering the "ban period"
Having significant portion of regulated business, their earnings remain insulated and the two offer good dividend yield too
Incidentally, after taking forward its disinvestment drive, the Centre, from a stakeholding of 70.96 per cent as on April 2019, now owns 69.05 per cent in this company.
Pressure on e-auction premiums, subdued outlook on prices and stake sale overhang remain key concerns
The pressure on e-auction premiums, commodity prices led by coronavirus spread and stake sale overhang remain key concerns
Going by the experience and track record of IPOs of ONGC, Coal India and a dozen other PSUs, it is doubtful whether investors will reap reasonable capital appreciation and dividends.
Coal distribution through e-auction was introduced with a view to providing access to coal for such buyers who are not able to source the fuel through available institutional mechanism
Joshi said India stood fifth in terms of coal reserves and the Centre was working towards achieving self-sufficiency in coal production
Net sales stood at Rs 21,566.41 crore during the quarter under review as against Rs 23,385.43 crore in the corresponding period a year ago