Coal India Ltd (COAL.BO)
28 Aug 2014
|Market Cap (Mil.):||Rs2,249,257.00|
|Shares Outstanding (Mil.):||6,316.36|
NEW DELHI/MUMBAI - A court ruling this week that India's decades-old method of granting coal mining concessions is illegal could herald much-needed reforms in a sector long dogged by the inability of state-run Coal India to raise output fast enough.
NEW DELHI, Aug 14 - India plans to sell a 10 percent stake in state-owned Coal India Ltd, Power and Coal Minister Piyush Goyal said on Thursday. This will make it one of the many divestments proposed by the new government to bolster its stressed finances.
NEW DELHI, Aug 7 - India's coal ministry said it was studying the recommendations of consultants Deloitte on restructuring options for Coal India, the state behemoth that has failed to meet its output target for years despite having access to large reserves.
(Corrects transportation cost in penultimate paragraph to $60/T, not $60 mln)
NEW DELHI, July 31 - An Indian group that has agreed to buy Rio Tinto's Benga mine in Mozambique plans to nearly triple production from there to up to 13 million tonnes per year in three years, the group's chairman told Reuters on Thursday.
NEW DELHI, July 31 - India has identified a few of Coal India's mining projects that could be operated by foreign firms, the coal and power minister said, a step aimed at raising supply from a monopoly that has failed to meet its output target for years.
* Modi government exploring Coal India break up and opening up sector-sources
(Adds Allergan, Fox, Forbes, Catalunya Banc, Encana, Daniel Loeb, Chi, Coal India)
NEW DELHI, July 18 - Unions representing workers at Coal India Ltd, the world's largest coal miner, will oppose any move to sell a stake in the state-owned company as part of the new government's plan to shore up its finances, a union leader said on Friday.
BHUBANESWAR, India, July 11 - Mahanadi Coalfields, a unit of Coal India Ltd, has stopped operations at three mines in the eastern state of Odisha following protests by locals over company plans to relocate them to make way for planned mine expansion.
Earnings vs. Estimates
Analyst Research Reports
Provider: Thomson Reuters Stock Report
Coal India Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
MOSL: COAL INDIA (Neutral) - Operating and PAT in-line with estimate - E-auction volume, realization aid profitability
Provider: Motilal Oswal Securities Ltd.
Coal India Ltd. |Q1FY15 First Cut Analysis | PAT in-line with our expectation | Maintain HOLD on the stock with target price of Rs. 422
Provider: IndiaNivesh Securities Pvt Ltd
Provider: Wright Reports
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