Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. India
  4. NSE India Stock Exchange
  5. Coal India Limited
  6. News
  7. Summary
    COALINDIA   INE522F01014

COAL INDIA LIMITED

(COALINDIA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Coal India : allows buyers to export for first time

06/11/2021 | 06:26am EDT

CHENNAI (Reuters) - State-run Coal India Ltd said on Friday buyers are now allowed to export coal bought from the miner through e-auctions, in what it called a "first of its kind" and a major policy shift.

The world's largest miner by production would not be exporting coal directly, but said it has lifted an export embargo allowing buyers to export coal purchased through spot and special e-auctions.

"Allowing those who procure coal under the two auction windows to export may prove to be catalytic to our sales," Coal India said in a statement.

Coal India's shares, which have outperformed the broader market and risen by a sixth this year, were up 3.7% at 162.25 rupees ($2.22) on Friday afternoon.

The company has been hit by tepid demand for the fuel due to record high inventories held by the miner and power plants across the country. Coal output slipped for the second straight time during the fiscal year 2020/21.

India is a net importer of coal despite having the world's fourth largest coal reserves.

($1 = 73.0500 Indian rupees)

(Reporting by Sudarshan Varadhan; editing by Emelia Sithole-Matarise)


ę Reuters 2021
All news about COAL INDIA LIMITED
07/20SOS : Stranded and shattered seafarers threaten global supply lines
RE
07/15Indian Indices Settle in Green on Thursday; HCL Technologies Jump 5%
MT
07/12SOFTBANK : India's Paytm seeks to raise $268 million in pre-IPO share sale-sourc..
RE
07/09No bids for over 70% of Indian coal mines up for auction
RE
07/09MARKET CHATTER : Coal India Buys 11 Russian Rope Shovels for $196 Million
MT
07/05India's Paytm to file draft prospectus next week for $2.3 billion IPO, source..
RE
07/05India's Paytm to file draft prospectus next week for $2.3 bln IPO, sources sa..
RE
07/04COAL INDIA : Appoints New CFO
MT
07/01Coal India Limited Announces Management Changes
CI
07/01Coal India Limited Announces Director Changes
CI
More news
Financials
Sales 2021 888 B 11 922 M 11 922 M
Net income 2021 120 B 1 611 M 1 611 M
Net cash 2021 102 B 1 365 M 1 365 M
P/E ratio 2021 7,41x
Yield 2021 9,06%
Capitalization 888 B 11 917 M 11 913 M
EV / Sales 2021 0,88x
EV / Sales 2022 0,74x
Nbr of Employees 272 445
Free-Float 33,9%
Chart COAL INDIA LIMITED
Duration : Period :
Coal India Limited Technical Analysis Chart | COALINDIA | INE522F01014 | MarketScreener
Technical analysis trends COAL INDIA LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 144,05 INR
Average target price 174,63 INR
Spread / Average Target 21,2%
EPS Revisions
Managers and Directors
Pramod Agrawal Chairman & Managing Director
S. Ghatak Choudhary Chief Financial Officer
Samiran Dutta Finance Director & Director
Binay Dayal Director & Technical Director
M. Viswanathan Joint Secretary & Compliance Officer