Question: How does Coal India make money?

Is coal India a profit making company?

The company’s net profit stood at Rs 12,720 crore in FY21, down from Rs 16,700 crore a year before. … However, both profit and income levels of FY20 are close to 2017 levels. The company’s income fell by 8.5 per cent during the last fiscal. During 2020-21, the total income was Rs 93,818 crore.

Is coal India a good investment?

Aided by strong coal PLFs, increasing power demand and opening up of export opportunities, e-auction premiums are expected to continue improving. We remain positive for a significantly better FY22. Maintain Buy. … FSA realisation (Rs 1,392/ mnte) was lower due to higher sale of low grade coal.

What is other income of coal India?

Profit & Loss – Coal India Ltd. Rs (in Crores)

Mar’21 Mar’17
Sales Turnover 640.25 311.18
Excise Duty .00 21.30
NET SALES 640.25 289.88
Other Income 7679.1800 15004.7500

Will coal India recover?

Notwithstanding any further negative shocks, we expect Coal India’s profitability to recover sharply in FY22 (+29 per cent YoY). Recovery in demand and funds from the Atmanirbhar scheme should help alleviate concerns on stretched receivables, the brokerage firm said.

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Who are the customers of Coal India?

Its customers include large thermal power generation companies, steel and cement producers and other industrial companies in the public and private sector with many of whom the company has long–standing relationships. Most of the company’s coal is used in the thermal power sector in India.

How many subsidiaries does coal have in India?

CIL has seven producing subsidiaries namely Eastern Coalfields Limited (ECL), Bharat Coking Coal Limited (BCCL), Central Coalfields Limited (CCL), Western Coalfields Limited (WCL), South Eastern Coalfields Limited (SECL), Northern Coalfields Limited (NCL)and Mahanadi Coalfields Limited (MCL) and One mine planning and …

What is the current price of coal?

Energy

Name Price Unit
Coal 133.35 USD per Ton
RBOB Gasoline 2.30 USD per Gallone
Uranium 32.30 USD per 250 Pfund U308
Oil (Brent) 74.27 USD per Barrel

Is Coal India a blue chip?

As per market capitalisation, India’s leading blue chip companies today are State Bank of India (SBI), Bharti Airtel, Tata Consultancy Services (TCS), Coal India, Reliance Industries, HDFC Bank, ONGC, ITC, Sun Pharma, GAIL (India), Infosys, and ICICI Bank.

Will coal stocks go up?

Per EIA, coal’s share in U.S. electricity generation will increase to 24% and 23% in 2021 and 2022, respectively, from 20% in 2020. Given the expected increase in coal usage, EIA predicts coal production to total 582 million short tons (MMst) in 2021, suggesting an increase of 8% or 43 MMst (8%) from the 2020 level.

Who are the promoters of Coal India?

presents the Promoter’s holding, FII’s holding, DII’s Holding, and Share holding by general public etc.

PREMARKET.

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Shareholding Pattern – Coal India Ltd.
NoOfShares 6162728327 100%
Promoters 4075634553 66.13%
ForeignInstitutions 404012909 6.56%
NBanksMutualFunds 570995787 9.27%

Is coal a Good Investment?

The coal industry continues to be one of the world’s largest suppliers of energy. In the United States alone, about 966 billion kilowatt hours come from coal — that’s about 23.5% of the total energy used. Second only to natural gas, coal operations continue to be profitable for investors while powering the country.

How can I get a job in Coal India?

Coal India Eligibility Criteria – Education Qualification

Tech/ B.Sc (Engg.) in relevant branch of Engineering with minimum 60% marks. BE/ B. Tech/ B.Sc (Engg) in Computer Science/ Computer Engg. / IT or MCA with minimum 60% marks.

Does Coal India give dividend?

The Central government will receive Rs 1,426 crore as a dividend from Coal India. After this announcement, the total dividend payout for the financial year 2020-21 stood at Rs 16 per share or 160 per cent, the company said in a regulatory filing on Monday.

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