Buy Coal India Ltd., target Rs 350.0 : Chandan Taparia
Buy Coal India Ltd. at a price target of Rs 350.0 and a stop loss at Rs 326.0 from entry point10-08-2016
10-08-2016
Change in Directorate
Coal India Ltd has informed BSE that Ministry of Coal vide office order dated August 05, 2016 has appointed Shri R. F. Gupta, Joint Secretary, MoC and Shri Rajesh Kumar Sinha, Joint Secretary, MoC as part time Director with immediate effect and until further orders vice Dr. A. K. Dubey and Smt. Sujata Prasad in the Board of Coal India Limited.09-08-2016
Coal India sells linkages worth 18 mt
Coal India ended up selling most of the linkages offered to captive power producers. Linkages are long term assurance for supplies. According to a company spokesperson, at the end of the eight day...05-08-2016
Buy Coal India Ltd., target Rs 326.0 : Motilal Oswal Securities
The stock trades at ~7x FY18E EV/EBITDA (ex-OBR). Valuations are attractive in view of bottom of the cycle coal prices and strong volume growth04-08-2016
Global coal prices surge 20% as China, Indonesia reduce output
KOLKATA: Global coal prices are on the rise again after remaining subdued for several months. Since June end, coal prices have risen almost 20%, or about $10 per tonne on an average. Analysts attributed the rise in prices to reduced supplies from Indonesia and cut in production at Chinese mines. The development would help Coal India push its excess coal to companies that have been importing them so far, as the price difference between domestic and imported coal has widened. China has decided to reduce its annual coal production to 3.6 billion tonnes from 4 billion, an industry analyst said. "The country has also clamped down on illegal mines following recent accidents that has also increased demand for the fuel in the global market. They have also cut down production due to safety issues at mines," the person said. China's production cut of 400 million tonnes is almost 80% of Coal India's total production. Indonesia, too, has decided to reduce production by some 50 million tonnes since there was a decline in demand last year. It has also decided to use larger volumes of coal internally.04-08-2016
Coal India to supply blended fuel for import substitution at thermal plants
"It will allow users to get assured supply of the mixed volume of coal for a year with the ability to pick up the coal whenever needed," he said.02-08-2016
Provisional Production and Offtake Performance of CIL & its Subsidiary Companies for the month of Jul'16 and for Apr'16-Jul'16
Coal India Ltd has submitted to BSE a copy of the Provisional Production and Offtake Performance of CIL & its Subsidiary Companies for the month of Jul'16 and for Apr'16-Jul'16.01-08-2016
Newspaper Advertisement confirming complete dispatch of Notice of postal ballot
Coal India Ltd has submitted to BSE a copy of Newspaper Advertisement confirming complete dispatch of Notice of postal ballot.26-07-2016
Coal India won't revise its share buyback offer price of Rs 335 per share
With the share price briefly crossing the Rs 335 threshold last Thursday, analysts are not ruling out the possibility of the stock price surpassing the buyback offer price by then.25-07-2016
Buy Coal India Ltd., target Rs 354.0 : Shrikant Chouhan
Buy Coal India Ltd. at a price target of Rs 354.0 and a stop loss at Rs 324.0 from entry point22-07-2016