Updates
Investors Meet10-03-2017
Updates
Outcome of the Board Meeting of our wholly-owned subsidiary, namely, South Eastern Coalfields Limited10-03-2017
Updates
Outcome of the Board Meeting of our wholly-owned subsidiary, namely, South Eastern Coalfields Limited10-03-2017
Updates
Outcome of the Board Meeting of our wholly-owned subsidiary, namely, Mahanadi Coalfields Limited10-03-2017
Updates
Outcome of the Board Meeting of our wholly-owned subsidiary, namely, Northern Coalfields Limited10-03-2017
Coking coal valuation tricky for Coal India's foreign ambition
In its move to secure steady coking coal supply for the steel sector which is stressed with price volatility, world's largest coal company, Coal India, is likely to face challenges in valuation of the assets it wants to either acquire or opt for an offtake commitment.According to analysts, coking coal prices have doubled at $ 160 a tonne since the last year resulting in the existing assets being overvalued."At this juncture, when coking coal assets' valuations have shot up substantially, valuating them for acquisition or partnership will be very tricky", an analyst with Motilal Oswal said.In its venture of acquiring coal assets abroad through its subsidiary, Coal Videsh, the company has two choices.A company official said that Coal Videsh can either opt for an outright acquisition of existing and operational assets which will reduce the risk associated with allocation and eventual exploration of coal reserves or opt for partnership with operational firms."Acquisition will call for an .09-03-2017
Bearish sentiment towards Coal India could reverse soon
Improving volumes led by power sector demand and better e-auction realisation make stock attractive08-03-2017
Board approves Dividend
Declaration of Interim Dividend for the financial year 2016-17 by Coal India Limited06-03-2017
Western Coalfields seeks exemption on Coal India's share buyback
WCL's net value stood at Rs 3,157 cr with surplus reserve of Rs 2,860 cr04-03-2017
Coal India Subsidiary Approves Share Buyback Worth Rs 1,001 Crore
The equity shares proposed to be bought back by the miners subsidiary represent 5.54 per cent of the existing paid up capital of CCL.04-03-2017