Robust demand to drive volumes; e-auction premium softens amid high supply

Company
11 Mar 2024
5 Min read 
  • Coal India's management expects robust demand to drive volumes in the coming years.
  •  The e-auction premium has softened, but volumes have improved.
  •  The company is committed to supplying at least 610mt to the power sector in FY24.
  •  COAL aims to achieve production of 770mt in FY24 and 838mt by FY25.
  •  The company has a record capex to improve evacuation infrastructure and diversify its products.
  •  Valuations remain attractive with a P/E ratio of 9.8x and a P/B ratio of 4.0x.
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