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Coal Ministry plans pump storage projects on closed mines for hydro energy In a major diversification plan, Coal India Limited (CIL) and its subsidiaries are planning to set up pump storage projects (PSP) on huge tracts of decoaled (closed mines) lands at their disposal. According to highly placed sources, the plan to set up such projects in the first phase will be finalised in a month’s time, as the central government is quite bullish over such projects. Part of the coal ministry’s ambitious plans is to diversify towards alternate sources of energ...
Coal Ministry plans pump storage projects on closed mines for hydro energy
Coal Ministry plans pump storage projects on closed mines for hydro energy
Source: IANS
27/08/2023 10:43:42 AM
`Sufficient coal stock available to meet demand of power plants during monsoon` Power Minister RK Singh will hold a meeting on August 22 to review the availability of coal for thermal power plants, especially in view of the ongoing monsoon season, even as coal ministry has said that 77 million tonnes of dry fuel is currently available, which is more than sufficient to meet the requirement of power sector, highly placed sources said.  The meeting comes just days after Coal and Mines Minister Pralhad Joshi had last week reviewed the availability of coal, where it w...
`Sufficient coal stock available to meet demand of power plants during monsoon`
`Sufficient coal stock available to meet demand of power plants during monsoon`
Source: IANS
22/08/2023 9:19:59 AM
Buy Coal India Ltd For Target Rs.255/272 - LKP Securities Future Outlook • Coal India posted its highest Q1 production despite heavy rains at some of its mines. • Its despatches to the non-power sector too was the highest and the Rs 1400bn PSU Giant trades at inexpensive valuations and also has a compelling dividend yield of 8%. Technical Commentary • The stock is on the brink of a significant breakout from a falling trendline, indicating a potential shift from bearish to bullish. • Immediate resistance is present ...
Buy Coal India Ltd For Target Rs.255/272 - LKP Securities
Buy Coal India Ltd For Target Rs.255/272 - LKP Securities
Source: LKP Securities
18/08/2023 3:36:07 PM
Buy Coal India Ltd For Target Rs.255 - JM Financial Services Growth momentum continues; upgrade to BUY Coal India (CIL) reported consolidated net revenue of INR 360bn (+2.5% YoY, -5.7% QoQ), 2% above JMFe. Adj. EBITDA (ex-OBR) came in at INR 112bn (-12.5% YoY), ahead of JMFe of INR 92bn as well as consensus estimates, led by significant reduction in contractual expenses and lower consumption of stores and spares. Adj. PAT stood at INR 86bn (-8% YoY, +18% QoQ), ahead of JMFe/consensus by 25%/22%. Going forward, the momentum in monthly production and ...
Buy Coal India Ltd For Target Rs.255 - JM Financial Services
Buy Coal India Ltd For Target Rs.255 - JM Financial Services
Source: JM Financial Institutional Securities
14/08/2023 2:16:57 PM
Buy Coal India Ltd For Target Rs. 300 - Motilal Oswal Financial Services Ltd Robust domestic demand and higher volumes to drive performance * COAL’s 1QFY24 revenue was up 2% YoY at INR360b and was 6% above our estimate of INR338b, driven by higher volumes and FSA realization. * Blended ASP was down 3% YoY at INR1,769/t and FSA ASP was up 7% YoY at 1,526/t. While e-auction ASP declined 14% YoY to INR3,742/t, the e-auction premium stood at 144% (est. 90%). Though the e-auction premium cooled off to 144% from an all-time high of 329% in 2QFY23 and 192% in 4QF...
Buy Coal India Ltd For Target Rs. 300 - Motilal Oswal Financial Services Ltd
Buy Coal India Ltd For Target Rs. 300 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
12/08/2023 12:34:37 PM
Coal India posts Q1 profit fall on higher wage provisions Coal India reported a fall in quarterly profit for a second straight quarter on Tuesday, as the world's largest coal miner made higher provisions for wage hikes. Consolidated net profit fell nearly 10% to 79.71 billion rupees ($962.4 million) for the first quarter ended June 30, the state-run company said in an exchange filing. It had posted a 17.3% fall in profit in the January-March quarter, halting a profit climb of more than 45% in every quarter since the three months ended Dece...
Coal India posts Q1 profit fall on higher wage provisions
Coal India posts Q1 profit fall on higher wage provisions
Source: Reuters
8/08/2023 6:55:11 PM
Coal India rises on planning to set up two thermal plants Coal India rises on planning to set up two thermal plants Aug-04-2023   15:28 Hrs IST Coal India is currently trading at Rs. 233.60, up by 3.40 points or 1.48% from its previous closing of Rs. 230.20 on the BSE. The scrip opened at Rs. 232.05 and has touched a high and low of Rs. 236.40 and Rs. 230.55 respectively. So far 407480 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.30 on 09-Nov-2022 ...
Coal India rises on planning to set up two thermal plants
Coal India rises on planning to set up two thermal plants
Source: Accord Fintech
4/08/2023 3:34:19 PM
Coal India shines after its production rises by 13.4% to 53.7 MT in July Coal India is currently trading at Rs. 239.70, up by 10.50 points or 4.58% from its previous closing of Rs. 229.20 on the BSE. The scrip opened at Rs. 230.00 and has touched a high and low of Rs. 240.45 and Rs. 229.00 respectively. So far 810143 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.30 on 09-Nov-2022 and a 52 week low of Rs. 205.50 on 04-Aug-2022. Last one week high and low of the scrip stood at R...
Coal India shines after its production rises by 13.4% to 53.7 MT in July
Coal India shines after its production rises by 13.4% to 53.7 MT in July
Source: Accord Fintech
1/08/2023 3:33:22 PM
Jio Financial Services valued at $ 21 billion ahead of Adani Ports, Tata Steel Jio Financial Services Limited shares have been valued at Rs 261 apiece; which makes the soon-to-be-listed company India's 32nd most valuable companies. Reliance Industries had kept July 20 as the record date for allotment of its demerging Financial Services business to be named as Jio Financial Services Limited (JFSL). Accordingly, the shareholders of Reliance Industries Limited as on July 20 are set to receive the shares of the newly created JFSL in 1:1 proportion. Thanks to th...
Jio Financial Services valued at $ 21 billion ahead of Adani Ports, Tata Steel
Jio Financial Services valued at $ 21 billion ahead of Adani Ports, Tata Steel
Source: IANS
20/07/2023 4:40:05 PM
Adequate coal available for thermal plants, no plant shut due to shortage, says Centre The government on Tuesday clarified that there is adequate coal availability for thermal power plants across the country. In a statement, the Coal Ministry further clarified that no power plant has been closed on account of non-availability of dry fuel. Those plants which have been closed must be on account of some other reasons, it said. As on July 16, thermal power plant end coal stock stood at 33.46 million tonnes, which is 28 per cent higher compared to the corresponding period of l...
Adequate coal available for thermal plants, no plant shut due to shortage, says Centre
Adequate coal available for thermal plants, no plant shut due to shortage, says Centre
Source: IANS
18/07/2023 5:40:32 PM
Vedanta has best dividend yield among large-cap stocks Vedanta Ltd has the best dividend yield in the last 12 months among large-cap stocks at 31 per cent. As per a report by Axis Securities, it is followed by Hindustan Zinc at 25 per cent, Coal India at 10 per cent, ONGC at 8 per cent, and Power Grid and GAIL at 5 per cent. Among the mid-cap companies, Sanofi India, REC and Oil India have the best dividend yield at 8 per cent, followed by Power Finance Corporation and Oracle Financial Services at 6 per cent. Among the small-cap companie...
Vedanta has best dividend yield among large-cap stocks
Vedanta has best dividend yield among large-cap stocks
Source: IANS
17/07/2023 5:28:50 PM
Mahanadi Coalfields Limited to impart VR-based safety & operational training to 17,000 workforce Mahanadi Coalfields Limited (MCL), a subsidiary of Central PSU Coal India Ltd., has introduced virtual reality (VR) based skill development programme for providing safety and operational training to its 17,000 workforce by 2026. The Coal India subsidiary has earmarked a budget of Rs 6.5 crore for skill enhancement among coal miners. Emphasising on skilled workforce as a key to safe and productive mining operations, Om Prakash Singh, Chairman-cum-Managing Director of MCL said that regula...
Mahanadi Coalfields Limited to impart VR-based safety & operational training to 17,000 workforce
Mahanadi Coalfields Limited to impart VR-based safety & operational training to 17,000 workforce
Source: IANS
8/07/2023 9:26:22 AM
Coal stock reaches 110.58 million tonnes, records 44% YoY growth The overall coal stock position at mines, thermal power plants and transit as on June 13 reached 110.58 million tonnes, indicating an increase of 44.22 per cent as compared to 76.67 million tonnes recorded during the corresponding period of last year. Additionally, the pithead coal stock at Coal India Limited (CIL) as on June 13 stood at 59.73 million tonnes, indicating a growth rate of 25.77 per cent as against 47.49 million tonnes during the corresponding period of previous year. At t...
Coal stock reaches 110.58 million tonnes, records 44% YoY growth
Coal stock reaches 110.58 million tonnes, records 44% YoY growth
Source: IANS
16/06/2023 9:29:25 AM
Coal India surges after its arm aiming to scale up capacity of Gevra mine Coal India is currently trading at Rs. 228.55, up by 0.85 points or 0.37% from its previous closing of Rs. 227.70 on the BSE. The scrip opened at Rs. 227.80 and has touched a high and low of Rs. 229.00 and Rs. 226.70 respectively. So far 216978 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.30 on 09-Nov-2022 and a 52 week low of Rs. 174.60 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs...
Coal India surges after its arm aiming to scale up capacity of Gevra mine
Coal India surges after its arm aiming to scale up capacity of Gevra mine
Source: Accord Fintech
12/06/2023 12:33:46 PM
Buy Coal India Ltd For Target Rs.290- Motilal Oswal COAL hikes high grade coal prices by 8%; would help partially offset the higher wage bill * COAL has approved a price revision for its high grade G2-G10 non-coking coal w.e.f. 31st May 2023. COAL has hiked prices by 8%, which is expected to realize an incremental revenue of INR27b in FY24. The last FSA price revision was taken in 2018 and COAL has now taken the first major price hike. This is expected to offset almost 50% of higher wage bill, following the mutual agreement between COAL and...
Buy Coal India Ltd For Target Rs.290- Motilal Oswal
Buy Coal India Ltd For Target Rs.290- Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
7/06/2023 3:37:51 PM
Indian government proposes to sell 3% stake in Coal India  The Indian government is proposing to sell up to a 3% stake in state-owned miner Coal India Ltd, it said in a filing on Wednesday. The proposal includes a sale of up to 1.5% stake in the company on June 1-2, with an option to sell an additional 1.5% stake. The government owns a 66.13% stake in the Kolkata-based company as of March 31, according to exchange data. The floor price for the stake sale is 225 rupees a share, a 6.7% discount to Wednesday's closing level. The In...
Indian government proposes to sell 3% stake in Coal India
Indian government proposes to sell 3% stake in Coal India
Source: Reuters
1/06/2023 10:25:29 AM
ADD Coal India Ltd For Target Rs.255 - ICICI Securities Coal India’s (CIL) Q4FY23 performance (adj. for wage provisioning) was slightly higher than consensus estimates. Key points: 1) Wage provisioning at Rs58.7bn was higher than street estimates of Rs25-30bn; 2) e-auction volume at 16.4mnte (down 41% YoY) was lower than our estimate of 20mnte; 3) FSA realisation was higher compared to our estimates mainly led by performance incentives, higher linkage materialisation and better grades; 4) cash balance at the end of Mar-23 stood at Rs39...
ADD Coal India Ltd For Target Rs.255 - ICICI Securities
ADD Coal India Ltd For Target Rs.255 - ICICI Securities
Source: ICICI Securities Ltd
30/05/2023 2:48:34 PM
Buy Coal India Ltd For Target Rs.275 - ICICI Direct About the stock: Coal India (CIL) is one of the largest coal producers in the world. In FY23, CIL produced 703 million tonnes (MT) while offtake for FY23 was at 695 MT. * CIL has 345 mines (as on April 1, 2021) of which 151 are underground, 172 open cast and 22 mixed mines * CIL has extensive mining capabilities. It has advanced technology in open cast mining Q4FY23 Results: CIL reported a steady operational performance, post adjusting for the one off in employee costs. * For Q4FY...
Buy Coal India Ltd For Target Rs.275 - ICICI Direct
Buy Coal India Ltd For Target Rs.275 - ICICI Direct
Source: ICICI Direct
25/05/2023 11:35:42 AM
Coal India to phase out import of mining equipment costing Rs 4,500 crore In a boost to domestic manufacturing of earth-moving equipment used in mines, Coal India Ltd has decided to phase out imports over a period of 5-6 years, the Coal Ministry said on Monday. According to the government, Coal India imports high-capacity equipment such as electric rope shovels, hydraulic shovels, dumpers, crawler dozers, drills, motor graders, front-end loaders wheel dozer, continuous miners equipment and others worth around Rs 3,500 crore and pays Rs 1,000 crore as custom duty...
Coal India to phase out import of mining equipment costing Rs 4,500 crore
Coal India to phase out import of mining equipment costing Rs 4,500 crore
Source: IANS
15/05/2023 5:00:41 PM
Vedanta has best dividend yield among large cap stocks Vedanta Ltd. has the best dividend yield in the last 12 months among large cap stocks at 26 per cent. As per a report by Axis Securities, it is followed by Hindustan Zinc at 24 per cent, Coal India at 10 per cent, ONGC at 8 per cent and Power Grid, Tata Steel, GAIL, Tech Mahindra and Piramal Enterprises at 5 per cent. Among the mid cap companies, REC has the best dividend yield at 10 per cent, followed by Sanofi at 9 per cent, Oil India at 8 per cent. Among the small cap companies, T...
Vedanta has best dividend yield among large cap stocks
Vedanta has best dividend yield among large cap stocks
Source: IANS
15/05/2023 3:41:52 PM
Coal India trades higher on the BSE Coal India is currently trading at Rs. 237.80, up by 1.30 points or 0.55% from its previous closing of Rs. 236.50 on the BSE. The scrip opened at Rs. 236.00 and has touched a high and low of Rs. 238.10 and Rs. 236.00 respectively. So far 89579 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.30 on 09-Nov-2022 and a 52 week low of Rs. 164.75 on 12-May-2022. Last one week high and low of the scrip stood at Rs....
Coal India trades higher on the BSE
Coal India trades higher on the BSE
Source: Accord Fintech
11/05/2023 11:40:35 AM
Coal India`s Q4 profit falls 17% on higher provisions for wage hike Coal India Ltd reported a 17.3% fall in fourth-quarter profit on Sunday, as the world's largest coal miner made higher provisions for wage hikes. Consolidated net profit fell to 55.33 billion Indian rupees ($677.07 million) in the three-months ending March 31, compared with 66.93 billion rupees a year earlier, the state-run company said in an exchange filing. Net sales rose 17.3% to 351.61 billion rupees. The company said its provisions for a wage hike stood at 58.70 billion rupe...
Coal India`s Q4 profit falls 17% on higher provisions for wage hike
Coal India`s Q4 profit falls 17% on higher provisions for wage hike
Source: Reuters
8/05/2023 9:11:08 AM
Coal Ministry aims to complete 67 first mile projects by 2027 As many as 67 first mile connectivity (FMC) - for transportation of coal from pitheads to dispatch points - projects have been taken by the Coal Ministry, and are expected to be completed by 2027, official sources have said. Out of the 67 FMC projects, Coal India Ltd (CIL) will take up 59, Singareni Collieries Company Ltd will undertake five while the remaining three will be taken up by Neyveli Lignite Company, the sources said. In order to eliminate road transportation of coal in mines...
Coal Ministry aims to complete 67 first mile projects by 2027
Coal Ministry aims to complete 67 first mile projects by 2027
Source: IANS
6/05/2023 9:16:00 AM
India's coal production rises 15% to 893 mn tonnes in 2022-23 India's overall coal production stood at 893.08 million tonnes in 2022-23 as compared to 778.19 in 2021-22, showing a growth of 14.78 per cent. Government aims to enhance production to 1,012 million tonnes in the current fiscal. In the last five years, the output of Coal India Limited (CIL) has increased by 703.21 million tonnes as compared to 606.89 million tonnes in 2018-2019 with a growth of 15.9 per cent, official data said. Singareni Collieries Conpany Limited (SCCL) has sho...
India's coal production rises 15% to 893 mn tonnes in 2022-23
India's coal production rises 15% to 893 mn tonnes in 2022-23
Source: IANS
3/05/2023 5:11:53 PM
Stock Picks : Maruti Suzuki Ltd and Coal India Ltd By ICICI Direct Maruti Suzuki Ltd Buy Maruti Suzuki Ltd @8724-8732 CMP8776.85; Target 8814.70; Stop Loss 8667.30   Coal India Ltd  Buy Coal India Ltd  @233.50-234.5 CMP 236.10; Target 238.30; Stop Loss 231.40   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631 &...
Stock Picks : Maruti Suzuki Ltd and Coal India Ltd By ICICI Direct
Stock Picks : Maruti Suzuki Ltd and Coal India Ltd By ICICI Direct
Source: ICICI Direct
3/05/2023 11:37:14 AM
Coal India gains as its production rises by 8% to 57.6 MT in April Coal India is currently trading at Rs. 235.65, up by 2.55 points or 1.09% from its previous closing of Rs. 233.10 on the BSE. The scrip opened at Rs. 233.00 and has touched a high and low of Rs. 236.30 and Rs. 233.00 respectively. So far 164892 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.30 on 09-Nov-2022 and a 52 week low of Rs. 164.75 on 12-May-2022. Last one week high and low of the scrip stood at Rs...
Coal India gains as its production rises by 8% to 57.6 MT in April
Coal India gains as its production rises by 8% to 57.6 MT in April
Source: Accord Fintech
2/05/2023 9:25:14 AM
India's coal production rises 8.6% to 73 mn tonnes in April 2023 India's domestic coal production touched a record 73.02 million tonnes in April 2023, with a growth of 8.67 per cent against 67.20 million tonnes output, recorded during the corresponding period of last year. Coal India Ltd (CIL) reported production of 57.57 million tonnes in April 2023 as against 53.47 million tonnes of the year-ago period, thus showing a rise of 7.67 per cent. The government has paved the way for releasing additional coal in the market through greater utilisation ...
India's coal production rises 8.6% to 73 mn tonnes in April 2023
India's coal production rises 8.6% to 73 mn tonnes in April 2023
Source: IANS
1/05/2023 7:42:21 PM
Coal India rises on reporting 17.2% growth in coking coal production in 2022-23 Coal India is currently trading at Rs. 226.80, up by 1.25 points or 0.55% from its previous closing of Rs. 225.55 on the BSE. The scrip opened at Rs. 225.55 and has touched a high and low of Rs. 227.70 and Rs. 225.40 respectively. So far 137411 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.30 on 09-Nov-2022 and a 52 week low of Rs. 164.75 on 12-May-2022. Last one week high and low of the scrip stood at Rs...
Coal India rises on reporting 17.2% growth in coking coal production in 2022-23
Coal India rises on reporting 17.2% growth in coking coal production in 2022-23
Source: Accord Fintech
17/04/2023 11:34:27 AM
Coal India trades higher as its arm commissions highwall mining project in West Bengal Coal India is currently trading at Rs. 226.75, up by 3.20 points or 1.43% from its previous closing of Rs. 223.55 on the BSE. The scrip opened at Rs. 223.55 and has touched a high and low of Rs. 227.05 and Rs. 223.55 respectively. So far 147898 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.30 on 09-Nov-2022 and a 52 week low of Rs. 164.75 on 12-May-2022. Last one week high and low of the scrip stood at Rs...
Coal India trades higher as its arm commissions highwall mining project in West Bengal
Coal India trades higher as its arm commissions highwall mining project in West Bengal
Source: Accord Fintech
12/04/2023 12:26:44 PM
Buy Coal India Ltd For Target Rs.260 - ICICI Direct Healthy traction in volume augurs well… About the stock: Coal India (CIL) is one of the largest coal producers in the world. In FY22, CIL produced 623 million tonnes (MT) while offtake was at 662 MT. • CIL has 345 mines (as on April 1, 2021) of which 151 are underground, 172 open cast and 22 mixed mines • CIL has extensive mining capabilities. It possesses advanced technology in open cast mining Key Updates: • Coal India reported production and offtake vol...
Buy Coal India Ltd For Target Rs.260 - ICICI Direct
Buy Coal India Ltd For Target Rs.260 - ICICI Direct
Source: ICICI Direct
11/04/2023 12:14:00 PM
Coal production rises 12% to 107.84 million tonnes in March 2023 India's coal production in March 2023 rose by 12.03 per cent to 107.84 million tonnes from 96.26 million tonnes as compared to March 2022. As per the provisional data released by coal ministry, during March 2023, Coal India Ltd (CIL), Singareni Collieries Company Limited (SCCL) and captive mines among others registered a growth of 4.06 per cent, 8.53 per cent and 81.35 per cent respectively. Of the top 37 coal producing mines in the country, 29 mines produced more than 100 per cent ...
Coal production rises 12% to 107.84 million tonnes in March 2023
Coal production rises 12% to 107.84 million tonnes in March 2023
Source: IANS
6/04/2023 7:27:49 PM
Coal India gains as its production rises by 4% to 83.5 MT in March Coal India is currently trading at Rs. 217.00, up by 3.35 points or 1.57% from its previous closing of Rs. 213.65 on the BSE. The scrip opened at Rs. 213.70 and has touched a high and low of Rs. 217.90 and Rs. 213.70 respectively. So far 157645 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.30 on 09-Nov-2022 and a 52 week low of Rs. 164.75 on 12-May-2022. Last one week high and low of the scrip stood at Rs...
Coal India gains as its production rises by 4% to 83.5 MT in March
Coal India gains as its production rises by 4% to 83.5 MT in March
Source: Accord Fintech
3/04/2023 11:15:44 AM
Coal India surpasses annual output target for first time in 17 years Coal India Ltd said on Friday it had breached its annual production target of 700 million tonnes, the first time it had surpassed its goal since the fiscal year that ended in March 2006. The world's largest coal mining company will likely end the fiscal year ending on Friday with an output of 703.4 million tonnes, it said, 13% higher than the 622.6 million tonnes it produced the previous fiscal year. "The volume increase of a whopping 81 million tonnes in a single year, by fisc...
Coal India surpasses annual output target for first time in 17 years
Coal India surpasses annual output target for first time in 17 years
Source: Reuters
31/03/2023 3:04:30 PM
Buy Coal India Ltd For Target Rs.275- Motilal Oswal Higher volumes and e-auction premium to drive profitability Robust domestic demand, enhanced vision of 1bt production, and improved e-auction premium are all set to drive a strong near-term performance. ? COAL growth roadmap is in synergy with the government’s commitment to bring about a transformative change in the power sector by providing 24x7 power supply to all homes sets the stage for COAL to achieve strong coal production over the next few years. ? COAL’s long-term...
Buy Coal India Ltd For Target Rs.275- Motilal Oswal
Buy Coal India Ltd For Target Rs.275- Motilal Oswal
Source: Motilal Oswal
28/03/2023 11:44:04 AM
Power sector dues to coal companies over Rs 20,000 crore Even as the Coal Ministry has ensured regular supply of dry fuel to thermal plants across the country to help them cope with peak demand during the summer season, outstanding dues by power sector towards major coal companies are more than Rs 20,000 crore. According to official sources, outstanding dues payable by power sector for dry fuel sales towards Coal India Ltd (CIL) and the Singareni Collieries Company Ltd (SCCL), amounts to Rs 16,629.41 crore and Rs 3,713 crore, respectively, as on...
Power sector dues to coal companies over Rs 20,000 crore
Power sector dues to coal companies over Rs 20,000 crore
Source: IANS
21/03/2023 9:00:33 AM
Coal India surges on eyeing to supply 156 MTs of coal to power sector in Q1FY24 Coal India is currently trading at Rs. 221.00, up by 0.30 points or 0.14% from its previous closing of Rs. 220.70 on the BSE. The scrip opened at Rs. 222.20 and has touched a high and low of Rs. 222.65 and Rs. 219.00 respectively. So far 432600 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.30 on 09-Nov-2022 and a 52 week low of Rs. 164.75 on 12-May-2022. Last one week high and low of the scrip stood at Rs...
Coal India surges on eyeing to supply 156 MTs of coal to power sector in Q1FY24
Coal India surges on eyeing to supply 156 MTs of coal to power sector in Q1FY24
Source: Accord Fintech
14/03/2023 4:01:47 PM
Centre clears disinvestment of 25% equity stake in Bharat Coking Coal Ltd The government has approved disinvestment of its 25 per cent equity stake in Bharat Coking Coal Limited (BCCL) and necessary formalities are underway to initiate the process. BCCL is a subsidiary of the country's largest dry fuel producing company, Coal India Limited (CIL). Highly-placed sources told IANS that a three-member empowered ministerial committee led by Finance Minister Nirmala Sitharaman and comprising Coal Minister Pralhad Joshi and Road Transport & Highways Minister...
Centre clears disinvestment of 25% equity stake in Bharat Coking Coal Ltd
Centre clears disinvestment of 25% equity stake in Bharat Coking Coal Ltd
Source: IANS
11/03/2023 9:36:05 AM
Stock Picks : Coal India Ltd and LIC Housing Finance Ltd By ICICI Direct Coal India Ltd Buy Coal India Ltd  @ 221-222 CMP 224.80 Stop Loss 218.80 Target 225.30     LIC Housing Finance Ltd Buy Housing Finance Ltd @353-354 CMP 355.00 Stop Loss 356.70 Target 348.50     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ0001...
Stock Picks : Coal India Ltd and LIC Housing Finance Ltd By ICICI Direct
Stock Picks : Coal India Ltd and LIC Housing Finance Ltd By ICICI Direct
Source: ICICI Direct Ltd
10/03/2023 10:04:24 AM
Sufficient coal for 44 days available to meet peak power demand: Sources As the government is bracing up to meet peak power demand during the forthcoming summer season, the Coal Ministry has said that it has over 101 million tonnes of domestic dry fuel available in the country as of today, which is sufficient for the next 44 days. According to sources privy to developments, the Coal Ministry has said that its current daily production is more than the daily national requirement, and therefore, it is fully prepared to meet the peak demand, mainly from thermal pow...
Sufficient coal for 44 days available to meet peak power demand: Sources
Sufficient coal for 44 days available to meet peak power demand: Sources
Source: IANS
10/03/2023 9:29:05 AM
Buy Coal India Ltd For Target Rs.242 - Religare Broking Coal India Ltd  * Coal India has been trading in a steady uptrend since February 2021. * Seeing consolidation within 206-226 after making a new record high at 230.35 in November 2022. ? Trading closer to the upper band. Likely to see the breakout soon. * We thus recommend creating fresh longs in the given range.   Buy Coal India Ltd  @ BUY CMP 224.90; Range 222-224; SL8 215; Target 242     To Read Complete Report &a...
Buy Coal India Ltd For Target Rs.242 - Religare Broking
Buy Coal India Ltd For Target Rs.242 - Religare Broking
Source: Religare Broking Ltd
8/03/2023 10:39:44 AM
Stock Picks : Tech Mahindra Ltd and Coal India Ltd By ICICI Direct Tech Mahindra Ltd Buy Tech Mahindra Ltd @1110-1112  CMP 1104.00 Stop Loss 1099.80 Target 1127.00   Coal India Ltd Buy Coal India Ltd  @ 222.7-223.2  CMP 222.00  Stop Loss 220.90  Target 226.50     To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html SEBI Registration number INZ000183631   Above ...
Stock Picks : Tech Mahindra Ltd and Coal India Ltd By ICICI Direct
Stock Picks : Tech Mahindra Ltd and Coal India Ltd By ICICI Direct
Source: ICICI Direct Ltd
3/03/2023 12:07:53 PM
Buy Coal India Ltd For Target Rs. 234 - ICICI Securities Good volumes and profit growth; price hike is the need of the hour Coal India (CIL) reported good numbers for Q3FY22 with 20% YoY increase in revenues at Rs284bn, supported by 10.8% YoY increase in offtake at 174mnte and 6.3% YoY increase in average realisations at Rs1,497/te. EBITDA at Rs68.2bn was 32.2% higher YoY, while EBITDA/te was a healthy Rs393. Reported PAT was up 47.4% YoY at Rs45.6bn, taking the 9MFY22 EPS to Rs17.3 and on course to reach our estimate of Rs25.7 for FY22E. The go...
Buy Coal India Ltd For Target Rs. 234 - ICICI Securities
Buy Coal India Ltd For Target Rs. 234 - ICICI Securities
Source: ICICI Securities Ltd
2/03/2023 1:57:20 PM
Coal production rises 15% during April-February 2022-23 India's coal production increased by 15.10 per cent to 784.41 million tonnes during April 2022-February 2023 as compared to 681.5 million tonnes produced during the same period of last year. Coal India Ltd (CIL) reported production of 619.70 million tonnes up to February 2023 as compared to 542.38 million tonnes during the same period of the last fiscal, an increase of 14.26 per cent. Total coal despatch was 793.86 million tonnes during April 2022-February 2023 as compared to 740.96...
Coal production rises 15% during April-February 2022-23
Coal production rises 15% during April-February 2022-23
Source: IANS
1/03/2023 5:53:07 PM
Coal production rises 16% to 698 mn tonnes during April-january period of current fiscal Coal production grew by 16 per cent touching 698 million tonnes during April-January period of the current fiscal, against 601 million tonnes production recorded during the corresponding period of last year. According to coal ministry sources, during the above mentioned period, Coal India Limited's (CIL) production rose by 15.23 per cent to 550.93 million tonnes against 478.12 million tonnes recorded during the corresponding period of last year. The increase in domestic coal product...
Coal production rises 16% to 698 mn tonnes during April-january period of current fiscal
Coal production rises 16% to 698 mn tonnes during April-january period of current fiscal
Source: IANS
24/02/2023 2:38:15 PM
Coal production rises 13% to 90 mn tonnes in January 2023 Domestic coal production rose 13 per cent to 89.96 million tonnes during January 2023 against 79.65 million tonnes in the corresponding period of last year. According to official data, during January 2023, Coal India Ltd (CIL) registered a growth of 11.44 per cent, while Singareni Collieries Company Ltd (SCCL) and captive mines recorded a growth of 13.93 per cent and 22.89 per cent, respectively. Of the top 37 coal producing mines, 28 mines produced more than 100 per cent of dry fuel an...
Coal production rises 13% to 90 mn tonnes in January 2023
Coal production rises 13% to 90 mn tonnes in January 2023
Source: IANS
3/02/2023 6:30:07 PM
Coal India's reports 70% surge in Q3 profit on higher demand State-run Coal India reported a 70.1% surge in third-quarter profit on Tuesday, beating estimates, as production at the world's largest coal miner increased due to higher power demand amid extreme weather conditions. Consolidated net profit rose to 77.56 billion Indian rupees ($948.35 million) for the quarter ended Dec. 31 from 45.58 billion rupees a year earlier, the company said in an exchange filing. Analysts, on average, had expected a profit of 70.47 billion rupees, according t...
Coal India's reports 70% surge in Q3 profit on higher demand
Coal India's reports 70% surge in Q3 profit on higher demand
Source: Reuters
31/01/2023 6:52:16 PM
Coal India gains as its arm develops eco-park in Odisha Coal India is currently trading at Rs. 224.90, up by 2.45 points or 1.10% from its previous closing of Rs. 222.45 on the BSE. The scrip opened at Rs. 221.60 and has touched a high and low of Rs. 226.70 and Rs. 220.80 respectively. So far 191488 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.30 on 09-Nov-2022 and a 52 week low of Rs. 149.00 on 24-Feb-2022. Last one week high and low of the scrip stood at Rs...
Coal India gains as its arm develops eco-park in Odisha
Coal India gains as its arm develops eco-park in Odisha
Source: Accord Fintech
30/01/2023 11:10:18 AM
Mahanadi Coalfields sets up eco-park over closed underground mine in Odisha Mahanadi Coalfields Ltd (MCL), a subsidiary of Coal India Limited (MCL) as part of its green initiative, has developed an eco-park and a museum over a closed underground mine. The Chandra Shekar Azad eco-park and coal museum are situated at mine number 4 of Orient Area in Ib Valley coalfields, Jharsuguda, Odisha. The park was constructed by MCL in record time of just more than a year after coal and Parliamentary affairs minister Pralhad Joshi had laid its foundation stone in 2021. It...
Mahanadi Coalfields sets up eco-park over closed underground mine in Odisha
Mahanadi Coalfields sets up eco-park over closed underground mine in Odisha
Source: IANS
29/01/2023 4:17:39 PM