Jun 13, 2012, 08.18 AM IST | Source: PTI

Govt to review fuel production tomorrow

The government will review coal production in a meeting tomorrow against the backdrop of Coal India expressing apprehensions over shortfall in supply to power producers.

The government will review coal production in a meeting tomorrow against the backdrop of Coal India expressing apprehensions over shortfall in supply to power producers.

"There would be a review meeting on coal production tomorrow," Coal Minister Sriprakash Jaiswal told reporters here.

Coal India, which accounts for over 80% of the domestic coal production, had produced 69 million tonnes (MT) of coal in April-May this year, according to a top Coal Ministry official.

The coal producer, a fortnight back, in a letter to the Coal Ministry had expressed fears of shortfall in supply of fossil fuel to power firms and stated that fuel supply pact clauses being opposed by a few firms were aimed at safeguarding the interest of the PSU.

Coal India has fixed the production target at 468.7 MT for 2012-13. It had achieved 435.84 million tonnes (MT) in 2011-12 against the targeted 447 MT.

The PSU firm had stated that it would have to increase production by 6.5% to meet the output target for FY13.

Its production grew by 3.5% in April over the same month last fiscal.

Coal India stock price

On April 23, 2014, Coal India closed at Rs 302.00, up Rs 3.10, or 1.04 percent. The 52-week high of the share was Rs 330.65 and the 52-week low was Rs 238.35.


The company's trailing 12-month (TTM) EPS was at Rs 26.41 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 11.44. The latest book value of the company is Rs 32.48 per share. At current value, the price-to-book value of the company is 9.30.

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