|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||116.20 - 118.20|
|52 Week Range||109.55 - 217.55|
|Beta (5Y Monthly)||0.40|
|PE Ratio (TTM)||5.12|
|Forward Dividend & Yield||24.00 (20.85%)|
|Ex-Dividend Date||Mar. 19, 2020|
|1y Target Est||330.18|
India's Coal Minister Pralhad Joshi said on Wednesday the units of Coal India Ltd should be allowed to independently set fuel prices in a bid to increase competition and reduce the price of coal in the country. State-run Coal India, the world's largest coal mining company by output, has seven units and accounts for more than four fifths of domestic production. It sets the price of various grades of coal in India after consultation with stakeholders.
Coal India Ltd's output and sales grew by nearly a third during September from a year earlier, the company said on Thursday, as coal-fired power generation picked up and demand from smelters and other consumers increased. State-run Coal India accounts for over 80% of the country's production and is the world's largest coal miner by output. Its output rose 32% to 40.51 million tonnes in September, the company said in a stock exchange filing.
India has received no bids for 15 of 38 coal mines it is auctioning to attract private investment, reflecting little appetite for the sector clouded by environmental concerns and low margins. The world's second largest consumer, importer and producer of coal has offered a range of financial incentives to attract investment and reduce imports. Coal production in India has largely been restricted to state-run Coal India Ltd and another smaller government-controlled company but Prime Minister Narendra Modi opened up the industry to the private sector this year.