COALINDIA.NS - Coal India Limited

NSE - NSE Real Time Price. Currency in INR
198.95
-3.00 (-1.49%)
At close: 3:29PM IST
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Previous Close201.95
Open0.00
Bid0.00 x 0
Ask199.10 x 0
Day's Range198.55 - 203.10
52 Week Range193.10 - 299.75
Volume5,844,883
Avg. Volume6,985,789
Market Cap1.226T
Beta (3Y Monthly)0.65
PE Ratio (TTM)6.73
EPS (TTM)29.55
Earnings DateN/A
Forward Dividend & Yield11.70 (5.79%)
Ex-Dividend Date2019-03-22
1y Target Est330.18
  • India, World's No. 2 Coal Buyer, Plans to Cut Imports by a Third
    Bloomberg

    India, World's No. 2 Coal Buyer, Plans to Cut Imports by a Third

    (Bloomberg) -- India’s coal ministry is preparing a plan to cut imports of the fuel by at least a third over the next five years, counting on an increase in domestic production and a jump in renewable output, according to people familiar with the plan.Imports are seen falling to below 150 million tons by the year ending March 2024, down from 235.2 million tons India got from overseas in the last fiscal year, the people said, asking not to be named as the five-year plan is still being finalized. To meet the import reduction goal, state miner Coal India Ltd. will aim to raise its annual output to 880 million tons by fiscal year 2024, a compounded annual growth of 7.7% through the period.Prime Minister Narendra Modi wants to expand the country’s economy to $5 trillion by 2024, from $2.8 trillion currently, and reducing energy imports and harnessing domestic resources are key to meeting that goal. The import reduction plan also points to the South Asian nation’s gradual shift away from coal to fight deadly air pollution that millions of Indians battle with.Imports will be dominated by coking coal purchases by steelmakers because domestic supplies are limited, the people said. Power stations that are designed to run on higher-quality imported coal would be the other major buyer.Officials at Coal India and the coal ministry didn’t immediately respond to emailed requests for comment.Surging ImportsBesides increasing output at state miners Coal India and Singareni Collieries Co., captive coal miners, who extract the fuel for their own use, will also need to produce more to substitute imports, the people said. The country’s overall demand for the fuel is seen rising to about 1.2 billion tons by fiscal 2024, they said, from about 970 million tons in the year ended March.To be sure, curbing imports has been on India’s agenda for some years. Yet, difficulties in purchasing land for mining, delays in environment approvals and a clogged railway network have combined to dampen those plans, with imports surging to a record last year. To add to that, Coal India has missed its production target every year since at least 2011. The miner missed its target of 610 million tons by less than 1% last fiscal year.Still, the goal to reduce imports looks more achievable than before, as Indian Railways plans an overhaul of its British-era network and tracks reach new mines to enable output growth.A record addition of green power capacity is also seen weighing on demand. Coal’s share in India’s electricity generation is estimated to come down to 50% by 2030 from about 72% now, according to the power ministry’s Central Electricity Authority.To contact the reporter on this story: Rajesh Kumar Singh in New Delhi at rsingh133@bloomberg.netTo contact the editors responsible for this story: Ramsey Al-Rikabi at ralrikabi@bloomberg.net, Rebecca Keenan, Alpana SarmaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters

    UPDATE 1-India's 2019 thermal coal imports could rise up to 13% - WoodMac

    India is expected to import up to 185 million tonnes of thermal coal in 2019, the head of thermal coal at consultancy Wood Mackenzie said on Tuesday, about 13% higher than its estimate for 2018. India's coal imports from Australia and Colombia will increase in the long run as demand for high-energy coal grows due to environmental reasons, Dale Hazelton said at the India Coal Conference in New Delhi. Coal is among the top five commodities imported by India, one of the world's largest consumers of coal, and its imports of the dirty fuel rose in 2018 after two consecutive years of decline.

  • Reuters

    Four feared dead in mishap in Coal India mine in Odisha

    Four workers are feared dead and nine have been injured in a landslide at a Coal India Ltd mine in Odisha, a company spokesman said on Wednesday. India is one of the most dangerous countries to be a coal miner, with one worker dying every seven days on average in 2018 in mines operated by state-run Coal India and Singreni Collieries Co Ltd, according to government data. The open cast mine in Odisha, with production capacity of 20,000 tonnes a day, had been shut after the late Tuesday accident, Dikken Mehra, a spokesman for Mahanadi Coalfields Ltd, a Coal India subsidiary told Reuters.

  • Slow pace of reforms spurring higher coal imports by Indian utilities
    Reuters

    Slow pace of reforms spurring higher coal imports by Indian utilities

    Coal imports by Indian utilities are surging after the government failed to open the industry to competition, despite passing a liberalization policy 16 months ago, because of bureaucratic indecision and resistance from unions, industry and government officials said. Utilities in India, which holds the world's fifth-largest reserves of the fuel, imported over 40% more coal during January to April compared with a year ago, data from the Central Electricity Authority showed. The country's cabinet has approved policies opening coal mining to private miners and partially removing restrictions on the sale of coal produced at so-called captive mines but the reforms have not been implemented.

  • Reuters

    Canada, U.S. gain as India cuts dependence on Australian coking coal

    Shipments of coking coal from the United States and Canada rose to a sixth of all Indian imports of the fuel during the year ended March 2019, as steelmakers in the coal guzzling country look to cut their dependence on Australia. Australia's share in India's coking coal market fell to 71%, or 36.91 million tonnes, during the year ended March 2019 from about 88% three years ago, India coal ministry data reviewed by Reuters showed.

  • India's annual coal demand rises 9.1% to nearly 1 billion tonnes: minister
    Reuters

    India's annual coal demand rises 9.1% to nearly 1 billion tonnes: minister

    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.

  • Reuters

    GRAPHIC-Australia coal posts biggest weekly drop in a decade amid weak demand

    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.

  • Reuters

    COLUMN-Strange days for coal with Glencore's cap, China curbs: Russell

    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.

  • Reuters

    Morning News Call - India, February 13

    To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_02132019.pdf If you would like to receive this newsletter via email, please register ...

  • Reuters

    Coal India third-quarter profit surges 50 percent on higher production

    (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 ...

  • Reuters

    India's 2018 thermal coal imports grew at fastest pace in 4 yrs - sources

    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's second-quarter profit jumps eight-fold as output rises

    (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 ...

  • Reuters

    Government to sell 3 percent stake in Coal India

    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.

  • Pollution regulator issues environmental notices to Coal India
    Reuters

    Pollution regulator issues environmental notices to Coal India

    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.

  • What is Behind Coal India Limited’s (NSE:COALINDIA) Superior ROE?
    Simply Wall St.

    What is Behind Coal India Limited’s (NSE:COALINDIA) Superior ROE?

    The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to learn about Return on EquityRead More...

  • Bloomberg

    India's Top Power Producer Seeks First Coal Imports in Four Years

    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.