Coal India Ltd (COAL.BO)
9 Dec 2016
BHUBANESWAR, India India's power and coal minister Piyush Goyal said on Friday there was no value in splitting up India's biggest coal producer Coal India Ltd and denied any plans to break it up.
NEW DELHI Senior Indian government officials tasked by Prime Minister Narendra Modi with reviewing energy security are recommending the break up of the country's coal monopoly, Coal India Ltd , within a year.
NEW DELHI India is trying to boost sales of its low-quality coal by offering more of the fuel at home and initiating steps to lower freight costs, while global prices are high, with the government hoping the moves will help cut imports.
MUMBAI Coal India Ltd, the country's biggest producer of thermal coal, had output of 42.72 million tonnes of coal in June against a target of 43.31 million tonnes, helping to ease the glut accumulating at the company's mines.
To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_06222016.pdf FACTORS TO WATCH 10:30 am: Federal cabinet likely to meet in New Delhi. 2:30 pm: Junior Finance Minister Jayant Sinha and Urban Development Minister Venkaiah Naidu to launch financial literacy camp in New Delhi. 5:00 pm: Finance Secretary Ashok Lavasa at an interactive session organised by PHD Chamber in New Delhi. GMF: ASIA LIVECH