|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||254.55 - 259.00|
|52 Week Range||211.40 - 299.75|
|Beta (3Y Monthly)||0.47|
|PE Ratio (TTM)||9.18|
|Forward Dividend & Yield||11.70 (4.56%)|
|1y Target Est||330.18|
India's annual coal demand rose 9.1% to 991.35 million tonnes during the year ended March 2019, India's Coal Minister Pralhad Joshi told the country's parliament on Monday. Coal is among the top five commodities imported by India, one of biggest importers of the fuel despite having the world's fifth largest reserves. Consumption by India's utilities, which accounted for three-fourths of the total demand, rose 6.6% to 760.66 million tonnes, Joshi said in a written response to a question in the upper house of the parliament.
Australian thermal coal prices this week registered their biggest weekly fall since the financial market turmoil of a decade ago as demand plunged with the end of winter and amid worries over the strength of the global economy. Coal prices for prompt loading at Australia's Newcastle terminal have lost almost 20 percent since last Friday, dropping to $72 a tonne. This week's plunge comes only days after Australian miners and Japanese power utilities settled a fixed delivery price for April 2019 to March 2020 of $94.75 a tonne.
It's been weird in the coal world in recent days, with the world's largest shipper saying it's capping output, biggest seaborne buyer China putting restrictions on some imports, and an Australian court saying mines must factor in climate change. Throw in an executive at a major Indian coal-fired power generator saying his company won't build any new plants as coal can't compete with renewables, and it's little surprise that environmental activists may be tempted to pop champagne corks. The most significant development this week was Glencore's announcement on Feb. 20 that it will cap its annual output around its current capacity of 145 million tonnes.
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(Reuters) - Coal India Ltd, the world's biggest coal miner, reported a 50.1 percent jump in third-quarter profit on Tuesday as it benefited from higher coal production. Its profit for the three months ...
India's 2018 thermal coal imports rose at the fastest pace in four years, according to two industry sources, despite moves by Prime Minister Narendra Modi's government to cut imports in a bid to reduce its trade deficit. Coal is among the top five commodities imported by India, one of the world's largest consumers of coal, and the rise in imports of the fuel after two consecutive years of decline adds to its trade deficit. Thermal coal imports jumped 19 percent to 171.85 million tonnes in 2018, marking the fastest pace of growth since 2014, according to data from American Fuels & Natural Resources, a Dubai-based trader of U.S.-origin coal.
(Reuters) - Coal India Ltd's quarterly profit jumped more than eight-fold as the world's biggest coal miner produced more of the dry fuel, but profit fell slightly below analysts' expectations, its financial ...
The offer may be extended to include an additional 372.4 million shares in the company, Coal India said. Shares in Coal India closed 4 percent weaker at 275.85 rupees on the National Stock Exchange on Tuesday.
The pollution regulator for Odisha issued notices to Coal India mines with combined annual capacity of 20 million tonnes over environmental failings, according to a document seen by Reuters on Friday. The Odisha state pollution control board also said that a coal fire was observed in one of the mines and that firefighting measures were inadequate. "If the cause shown in the reply is found not to be satisfactory, appropriate action shall be initiated without any further notice," the state pollution control board, Odisha said in the notice to Mahanadi Coalfields Ltd, a Coal India unit.
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India’s largest power producer is seeking bids to import coal after a gap of about four years, highlighting a supply crunch users of the fuel are facing as shipments in the country fall short of demand. State-run NTPC Ltd. is seeking a total of 2.5 million metric tons of imported coal, according to two separate tenders on its website. It is looking to boost supplies as plants accounting for more than half its total capacity had less than seven days of coal stock as on Aug. 13, data from the Central Electricity Authority shows.
India’s harbors have become clogged up with coal as imports to power an expanding economy outpace railroad capacity to transfer the fuel to consumers. Stockpiles rose by 15 percent in seven weeks to 19.2 million metric tons, according to data from 18 ports compiled by CoalMint in a July 30 report. Inventory at Vishakhapatnam Port Trust in the eastern state of Andhra Pradesh is near the limit because a rail-car shortage is slowing distribution, Deputy Chairman P.L. Haranadh said in a phone interview.
The decline in coal imports by India’s power plants points to distress in an increasing number of generators and a domestic supply shortfall. Imports by power stations fell about 15 percent from a year ago in the first two months of the fiscal year to March caused mainly by a 32 percent drop in overseas purchases by plants designed to use imported coal, according to calculations based on data from Central Electricity Authority, a unit of the power ministry. Higher coal prices and a weaker rupee forced them to cut generation.