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4-Traders Homepage  >  Equities  >  NATIONAL STOCK EXCHANGE OF INDIA  >  Coal India    COALINDIA   INE522F01014

COAL INDIA (COALINDIA)
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Coal India : India Opens Commercial Coal Mining to Private Sector Companies

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02/22/2018 | 03:22pm CET

The Indian Cabinet Committee on Economic Affairs has ended the monopoly of the state-run coal mining company Coal India in the coal mining sector and has approved the methodology for auctioning commercial coal mining blocks, which are now opened to the private sector. Forward auctions to select commercial coal developers will be held in the future and the auction process will be based on the amount companies agree to pay as auction fees per ton. So far, private aluminium and electricity private producers were allowed to bid for captive coal mines only but the new norms do not have such restrictions.

The revenues earned from the auctions will be allocated to the states where the coal blocks are located. Indian and foreign private companies will be allowed to bid for coal mines without any end-use price restrictions. The auction of mines will be conducted in a transparent manner and the government is currently in the process of identifying mines.

The Indian coal mining sector was nationalised in 1973 and this new legislation is expected to lift supplies, boost investments and regulate prices. The government also hopes this decision will raise domestic coal output and reduce imports.

(c) The Observer 2018 Observer Media Ltd. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ( INR)
Sales 2018 835 B
EBIT 2018 112 B
Net income 2018 102 B
Finance 2018 232 B
Yield 2018 5,31%
P/E ratio 2018 18,77
P/E ratio 2019 13,20
EV / Sales 2018 2,03x
EV / Sales 2019 1,86x
Capitalization 1 928 B
Chart COAL INDIA
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Coal India Technical Analysis Chart | COALINDIA | INE522F01014 | 4-Traders
Technical analysis trends COAL INDIA
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 329  INR
Spread / Average Target 5,9%
EPS Revisions
Managers
NameTitle
Gopal Singh Chairman & Chief Executive Officer
Chandan Kumar Dey Chief Financial Officer & Executive Director
Shekhar Saran Independent Director & Director-Technical
Binay Dayal Technical Director
Khanindra Pathak Independent Director
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