Is Coal India a good buy?
Coal India has net cash of Rs 23,000 crore putting it in a comfortable position. … The brokerage firm has a ‘Buy’ call on the stock with a fair value of Rs 195. On the other hand Motilal Oswal has a target price of Rs 190 apiece.
What Is the Future of Coal India?
Coal use is anticipated to increase 3.8 per cent in 2021. In the medium term (to 2025), India has one of the highest potentials to increase coal consumption as electricity demand rises and more steel and cement are required for infrastructure projects, as per the International Energy Agency said.
Why Coal India shares are falling?
Shares of Coal India (CIL) were trading lower for the third straight day, down 2 per cent on the BSE on Tuesday to hit a 52-week low of Rs 118.85 on concerns that the road ahead might be tough for the state-owned company. The stock has fallen below its previous low of Rs 119.25, touched on March 26, 2020.
Is Coal India a monopoly?
NEW DELHI: In its fourth tranche of stimulus, the government on Saturday announced a slew of reforms to bring in investments in India. Among them is the commercialisation of coal. This would mean the monopoly of Coal India will be over. … Any party could bid for coal blocks and sell in the open market, the FM said.16 мая 2020 г.
Which share is best to buy now?
Latest in Today’s Pick
- Dishman Carbogen Amcis (₹162.7): Buy. …
- Hindustan Oil Exploration Company (₹100): Buy. …
- Index Outlook | Sensex, Nifty 50 face key resistance ahead. …
- Aptech (₹134.8): Buy. …
- Cummins India (₹590.4): Buy. …
- Lumax Auto Technologies (₹115): Buy. …
- Deepak Fertilisers & Petrochemicals Corp (₹160.5): Buy.
Who owns Coal India?
In April 2011, CIL was conferred the Maharatna status by the Union Government of India, making it one of the seven with that status. As of 14 October 2015, CIL is owned primarily by the Union Government of India who controls its operations through the Ministry of Coal.
Does coal have a future?
The current administration favors coal, but that policy may not continue in future administrations. Displacing coal-fired power generation is a very cost-effective way to reduce U.S. energy-related greenhouse gas emissions, and thus could be targeted by a future administration more concerned about climate.
Does India burn coal?
India’s ambitious renewable energy goals have received a lot of international attention, but coal still provides half of India’s commercial primary energy and is the dominant fuel for power generation.
How long will coal last India?
Which is the best stocks to buy now in India?
Our Advisor’s ChoiceStock NameQtyPriceHDFC Bank1002523.25LIC INDIA1002523.25INFY1002523.25Total
Does Coal India give dividend?
Coal India added that the company has fixed 20th November 20 as the record date for the purpose of payment of interim dividend on equity shares for the financial year 2020-21, if declared by the Board.
What is other income of Coal India?
Profit & Loss – Coal India Ltd. Rs (in Crores)Mar’20Mar’17Other Income11566.330015004.7500TOTAL INCOME12411.4915294.63EXPENDITURE:Manufacturing Expenses83.1597.20Ещё 31 строка
Will Coal India be Privatised?
Coal India will not be privatised, and it is given the target of producing one billion tonne coal by 2023,” he said. … Rs 50,000 crore would be invested for coal and mines infrastructure development, while priority would be for local players, he said.
Is India self sufficient in coal?
India aims to be self-sufficient in coal production by 2024: Joshi. Vadodara: Union minister Pralhad Joshi has said the Centre aims self-sufficiency in the coal sector by 2024 and the changes in the coal mining policy have been effected to achieve the same.
Who is the chairman of Coal India?