Coal India Ltd (COALINDIA)

Coal India Expands Operations and Wins Bid for Graphite Block - 23 Jul, 2024

Coal India has won the bid for a graphite block in Madhya Pradesh and scaled up its First Mile Connectivity projects with an investment of ₹27,750 crore to increase coal transport capacity.

Coal India Acquires Graphite Block in Madhya Pradesh - 22 Jul, 2024

Coal India has acquired its first-ever non-coal mineral mining venture by winning the bid for Khattali Chotti graphite block in Madhya Pradesh. The acquisition positions Coal India advantageously in supporting the green energy transition momentum. Additionally, the Indian government launched the National Coal Gasification Mission, and Coal India signed pacts with BHEL, GAIL, and IOCL for coal gasification projects.

Coal India Diversifies into Non-Coal Mineral Mining - 21 Jul, 2024

Coal India has diversified into non-coal mineral mining with a graphite project in Madhya Pradesh. The company has been granted a composite license for prospecting and mining by the Ministry of Mines. Meanwhile, Union Minister G Kishan Reddy has assured adequate coal supply for the power sector, stating that Coal India is ramping up production.

Coal India Ltd Faces Sustainability Questions Amidst Falling Thermal Coal Imports - 18 Jul, 2024

Coal India Limited's sustainability questioned due to high cash payout ratio despite being among top Indian dividend payers. SECL's Gevra and Kusmunda megaprojects rank among world's largest coal mines. India's seaborne thermal coal imports fall to four-month low amidst seasonal weakness.

PhillipCapital Initiates Coverage on Coal India with Buy Rating - 16 Jul, 2024

Brokerage firm PhillipCapital has initiated coverage on state-run Coal India Ltd. with a Buy rating and a price target of Rs 611, implying an upside potential of 23%. The brokerage believes that Coal India will continue to fuel a majority of India's needs and is set to experience substantial volume growth, enhancing its financial stability and dividend yields.

Coal India Announces Plans to Ease E-Auction Norms; Citi Notes Potential Profit Impact - 15 Jul, 2024

Coal India plans to revise its auction and allocation process to boost participation and set aside higher volumes for e-auction. However, Citigroup warns that increased e-auction sales may be offset by lower prices. Q1FY25 supplies up 8% YoY, and the company expects FY25 production to increase in line with growing demand. Quarterly performance backed by improved realisations. Medium-term triggers China plus and protectionist measures for tyre industry. Valuations not inexpensive but improved medium-term outlook.

Coal India Eases Auction Norms; Chhattisgarh Approves Forest Land Use for Coal Block - 13 Jul, 2024

Coal India has eased its e-auction norms by lowering the earnest money deposit and enhancing the quantity of dry fuel on offer. Meanwhile, the Chhattisgarh government has approved the use of forest land at the Parsa East and Kanta Basan coal block to ensure a steady supply of coal to Rajasthan's power plants.

Coal India Plans to Ease E-Auction Norms - 12 Jul, 2024

Coal India is planning to relax the rules for e-auctions of coal by reducing the earnest money deposit and increasing the quantity of coal available for auction. The move aims to encourage greater participation in the auctions and meet local demand effectively.

Coal India Ltd Stock Shows Strong Trend - 11 Jul, 2024

Coal India Ltd stock has shown a strong trend with a horizontal breakout on the daily scale and trading above its short and long-term moving averages. Sudeep Shah, Head of Technical and Derivative Research at SBI Securities recommends a Bull Call Spread option strategy to capture the upside momentum.

Coal India Expands Operations and Ventures into Solar Power - 10 Jul, 2024

Coal India is expanding operations through drone surveys, GPS-based truck dispatch systems, AI-powered coal quality assessment, conveyor belts, rapid loading systems, and dedicated freight corridors. The company also ventures into solar power with a 3,000 MW project and explores coal gasification and methane extraction. Additionally, Coal India formalizes its coal-to-chemical plans, partnering with Bhel to set up BCGCL.

Analyst Suggests Coal India Ltd as a Valuation Comfort Stock - 09 Jul, 2024

An analyst has suggested Coal India Ltd (CIL) from the PSU segment, citing valuation comfort. The expected near-term target is Rs 550 with a stop loss at the Rs 475-470 zone. As of July 9th, CIL was trading 0.38% higher at Rs 495.

Coal Imports Rise in India Despite Minister's Call for Increased Domestic Production - 07 Jul, 2024

Despite calls from the Coal and Mines Minister to increase domestic production, India's coal imports have risen by 5.3% to 52.29 million tonnes in the first two months of FY25, with Coal India responsible for over 80% of domestic output.

Coal India Demonstrates Impressive Growth and Dividend Yield - 05 Jul, 2024

Coal India has demonstrated remarkable growth in the coal sector, with a surge in production during May 2024. Additionally, it is among the top 10 dividend-paying companies in India.

Coal India Sees Growth in Production and Partnerships - 04 Jul, 2024

Coal India sees growth in production and partnerships, including a joint venture with BHEL for a coal gasification project. The company also enters into a pact for additional solar power capacity and faces a ban on contracts/orders for two years due to non-compliance.

Coal India Sees Production Growth Amidst Sufficient Power Plant Stocks - 03 Jul, 2024

Coal India sees significant growth in coal production, contributing to India's overall increase of 14.49% YoY to reach 84.63 MT. ICICI Securities has an add call on the company with a target price of Rs 495. Bharat Coal Gasification and Chemicals Ltd holds its first pre-bid meeting for its Rs 11,782 crore coal gasification project.

Coal India Reports Growth in Production and Stockpiling - 02 Jul, 2024

Coal India reports significant growth in coal production and stockpiling, with Q1 FY2025 production growing 7.9% YoY and June 2024 production reaching 84.63 MT, up 14.49% YoY. Axis Securities gives a buy call for Coal India.

Coal India Ltd Posts Strong Production Growth - 01 Jul, 2024

Coal India Limited (CIL) reports a strong production growth of nearly 8% YoY in Q1FY25, with total supplies shooting up to 198.4 MTs and off-take to thermal power plants growing by 4%. Additionally, the coal stock at domestic thermal power plants is sufficient for 18.5 days as per present consumption levels.

Coal India Ltd Delivers Multibagger Return of 108% - 29 Jun, 2024

Coal India Limited has delivered a multibagger return of 108% in a year, with a healthy Piotroski Score of 7. Despite a decline in revenue from operations by 2.5%, the company's profits have increased significantly.

Mixed News for Coal India Ltd Stock - 28 Jun, 2024

Coal India's stock has fallen by around 6% in the past month, despite improved realisations and medium-term triggers such as China Plus and protectionist measures for the tyre industry. The government is working on a policy to offer washed PCI coal to steelmakers to reduce imports. Meanwhile, ICRA reports that India's coal stock levels have slightly declined due to increased thermal power generation.

Coal India Faces Dividend Coverage Issues; Stock Falls for Fifth Straight Session - 27 Jun, 2024

Coal India Limited faces dividend sustainability concerns due to a high cash payout ratio and volatile historical payouts. The stock has fallen for five consecutive sessions, down 0.85% today and around 4.7% in the last month.