Robust domestic demand to drive volumes; e-auction premiums stable at ∼90 % levels

12 Dec 2023
5 Min read 
  • Coal India is on track to achieve its production target of 780mt in FY24.
  •  Robust domestic demand and stable e-auction premiums are expected to drive volumes.
  •  The company is committed to reaching 1 billion mt of production within the next three years.
  •  COAL has long-term commitments from power plant companies via FSA agreements.
  •  The company is confident in achieving its production target and expects strong demand for coal.
  •  COAL trades at attractive valuations with a P/E ratio of 7.3x and a P/B ratio of 3.6x.
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority