Coal India Ltd (COALINDIA)

Coal India Pursues Lithium Mines Overseas - 15 May, 2024

Coal India is exploring lithium mines in Chile and Australia to secure critical minerals, while also being directed by the Indian government to look for such assets overseas. The company's stock surged on the news, having risen 97% from a year ago.

Coal India Plans to Increase Raw Coking Coal Production - 10 May, 2024

According to the Ministry of Coal's annual review data, Coal India plans to increase raw coking coal production from existing mines up to 26 MT and has identified ten new mines with about 22 MT Peak Rated Capacity (PRC) by FY 2025.

India's Coal Use and Emissions Hit Record Highs - 09 May, 2024

Coal-fired electricity generation and power sector emissions in India hit record highs during Q1 2024 due to above-average temperatures and economic expansion. This news may have a positive impact on the stock of Coal India Ltd.

Coal India Receives Positive Recommendations and Declares Dividend - 08 May, 2024

Coal India receives positive recommendations from Sharekhan and technical analysts while declaring a total dividend of ₹25.5 per share for FY24, providing a dividend yield of 5.2%. The stock has almost doubled investors' wealth in the last year.

Coal India's Prospects Look Promising for FY25 - 07 May, 2024

Coal India is expected to see a 30% YoY increase in e-auction volumes and aims to produce 838 million tonnes in FY25. Motilal Oswal has a buy call on the stock with a target price of Rs 530.

Coal India Reports Strong Financials and Increased Contributions to Government Exchequer - 06 May, 2024

Coal India Limited reports strong financial results, proposing a final dividend of INR 5 per share for FY23-24. The company is exploring strategic acquisitions and joint ventures while increasing contributions to the government exchequer.

SBI Securities Analyst Bullish on Coal India and Mahindra & Mahindra - 05 May, 2024

Sudeep Shah of SBI Securities is bullish on Coal India and Mahindra & Mahindra. He feels the Nifty could consolidate between 22,280 and 22,800 levels in the coming week.

Coal India Reports Strong Q4 Results and Positive Technical Analysis - 04 May, 2024

Coal India reported strong Q4 results with a 26.29% increase in net profit despite a slight decrease in revenue. Technical analysis suggests the stock may reach a new life high. The company's consolidated net profit rose 26.2% in the March quarter.

Coal India Reports Strong Q4 Results - 03 May, 2024

Coal India reports a 26.29% YoY increase in Q4 net profit to Rs 8,682.20 crore, while sales declined by 2.55%. Shares rose over 4% following the announcement.

Coal India Reports Strong Financials and Production Growth - 02 May, 2024

Coal India reports strong financial results with a 26% YoY rise in Q4FY24 net profit and a 17.8% YoY rise in annual profits. The company also expects robust demand for coal and has set ambitious targets for future production growth.

Coal India Shares Outperform PPF Returns, Production Rises in April - 01 May, 2024

Coal India Ltd's shares declared a dividend yield of 11.5% in FY24, while its production increased by 7.3% to 61.8 MT in April. The company accounts for over 80% of domestic coal production.

Coal India Shares Recommended as Good Value Pick - 29 Apr, 2024

Basav Capital founder recommends Coal India shares as a good value pick in the PSU segment. The coal ministry plans to encourage equity investment by its PSUs for setting up power generation joint ventures.

Coal India's Low P/E Ratio Indicates Lacklustre Earnings Performance - 25 Apr, 2024

Coal India Limited's low P/E ratio of 9.3x suggests investors believe the company's lacklustre earnings performance won't improve, with analysts forecasting a growth rate of only 9.4% per annum over the next three years compared to the market's expected expansion of 20%. Shareholders may not be comfortable holding on while the company is potentially eyeing a less prosperous future.

Mixed Outlook for Coal India Amid Record Production and Challenging Demand Environment - 24 Apr, 2024

Coal India reported record production and sales volume in FY24 with ambitious targets for FY25 and FY26. However, a CNBC-Awaaz report suggests that the company may face a challenging demand environment over the next two years due to captive coal block production. Despite this, analysts predict more than 15% upside for Coal India share price.

AnandRathi Initiates Coverage on Coal India with Buy Rating and Rs 520 Target Price - 23 Apr, 2024

Domestic brokerage AnandRathi has initiated coverage on PSU Maharatna Coal India with a buy rating and a target price of Rs 520, implying an upside potential of over 17%. The company's focus on increasing fuel-supply agreement (FSA) and e-auction volumes, cost-saving measures, and infrastructure-improvement projects are expected to drive greater productivity. The brokerage estimates sales volume/EBITDA CAGRs of 8.5%/13% over FY24-26. Key risks include pressure from international bodies regarding ESG and impact from commercial mining.

Anand Rathi Recommends Buying Coal India with Target Price of Rs. 520 - 22 Apr, 2024

Anand Rathi's research report recommends buying Coal India, citing healthy volume assurance, cost-saving measures, and infrastructure-improvement projects expected to drive greater productivity. The report factors in 8.5%/13% sales volume/EBITDA CAGRs over FY24-26 and expects a ~50% payout.

Coal India Explores Critical Minerals in Chile; Outstanding Dues Rise - 20 Apr, 2024

Coal India plans to explore critical minerals in Chile as part of its strategic move towards diversification and global resource acquisition. Meanwhile, outstanding dues of the power sector to Coal India and Singareni Collieries have risen by 42% YoY to Rs 24,392 crore at the end of FY24.

Coal India Aims for Sustainable Energy Production - 19 Apr, 2024

The Coal Ministry plans to reduce reliance on conventional electricity generation methods and increase domestic coal production through commercial mines. Additionally, the ministry is aiming for zero thermal coal imports by FY26.

India Aims to Produce 1.08 Billion Tonnes of Coal by FY25 - 18 Apr, 2024

The Indian government is confident that it can produce 1.08 billion tonnes of coal in the fiscal year 2024-25, with Coal India set to produce 838 million tonnes. The government plans to open three coking coal mines in Jharkhand this year to reduce imports of coking coal used in the steel sector.

Coal India's Capex for FY24 Increases by 6.5% - 17 Apr, 2024

Coal India's capital expenditure for FY23-24 increased to Rs 19,840 crore, a 6.5% increase from the previous year. The company spent 30.6% of its capex on strengthening coal transportation and handling infrastructure in mining areas. CIL aims to have adequate infra in place to evacuate increased quantities of coal produced in future. Procurement of heavy earth moving machinery witnessed a capex target satisfaction of 156.5%.