Jun 13, 2012, 08.18 AM | Source: PTI
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 May 06, 2016, Coal India closed at Rs 281.95, up Rs 0.05, or 0.02 percent. The 52-week high of the share was Rs 447.25 and the 52-week low was Rs 272.05.
The company's trailing 12-month (TTM) EPS was at Rs 19.03 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 14.82. The latest book value of the company is Rs 26.49 per share. At current value, the price-to-book value of the company is 10.64.
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