|Bid||214.80 x 0|
|Ask||0.00 x 0|
|Day's Range||212.25 - 218.00|
|52 Week Range||109.50 - 218.00|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||9.36|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Q1 2023 Coal India Ltd Earnings Call
India's coal imports hit a record high in June despite high global prices, data from three trade sources and Refinitiv ship tracking showed, as economic activity picked up and amid a domestic shortage of the fuel. India imported over 25 million tonnes of thermal coal and coking coal in June, rising by over a third compared with the same period last year, data from consultancies Coalmint and Kpler, and trader I-Energy Natural Resources showed. Imports of thermal coal - used mainly in electricity generation - jumped to 19.6 million tonnes, while shipments of coking coal - used in steelmaking - rose to about 5.4 million tonnes, Coalmint and I-energy data showed.
Coal India, the world's largest coal miner by output, will issue a short-term and a medium-term tender next week to import coal for utilities, two senior officials at the company said, as shortages raise concerns about renewed power outages. The state-run miner, which has little experience in importing coal, was asked to place orders for shipments from overseas by the power ministry last week as utilities suggested multiple tenders would lead to confusion and sought centralised procurement through Coal India. Indian officials are rushing to make more coal available for utilities as shortages in the July-September quarter are expected to be 15% wider than intitially estimated due to expectations of higher power demand.