|Bid||152.10 x 0|
|Ask||152.10 x 0|
|Day's Range||151.75 - 154.85|
|52 Week Range||109.50 - 180.40|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||6.62|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Real estate, infrastructure and pharmaceutical companies were among the winners of India's first coal mine auctions open to the private sector without restrictions on end-use, the government said on Monday. Coal production in India has largely been restricted to state-run Coal India Ltd <COAL.NS> and another smaller government-controlled company, but Prime Minister Narendra Modi opened up the industry to the private sector this year.
India's Coal Minister Pralhad Joshi said on Wednesday the units of Coal India Ltd should be allowed to independently set fuel prices in a bid to increase competition and reduce the price of coal in the country. State-run Coal India, the world's largest coal mining company by output, has seven units and accounts for more than four fifths of domestic production. It sets the price of various grades of coal in India after consultation with stakeholders.
Coal India Ltd's output and sales grew by nearly a third during September from a year earlier, the company said on Thursday, as coal-fired power generation picked up and demand from smelters and other consumers increased. State-run Coal India accounts for over 80% of the country's production and is the world's largest coal miner by output. Its output rose 32% to 40.51 million tonnes in September, the company said in a stock exchange filing.