Moneycontrol
Apr 04, 2012 03:01 PM IST | Source: CNBC-TV18

Expect CIL to hike output by 5.5% in FY13: Angel Broking

Bhavesh Chauhan, metal analyst at Angel Broking expects Coal India to ramp up production by 5.5% growth in FY13.


Bhavesh Chauhan, metal analyst at Angel Broking expects Coal India to ramp up production by 5.5% growth in FY13.


He said that over the last five years Coal India has struggled to raise production and its five year CAGR has been close to 5%. However, exceeding 5% for the next couple of years would be difficult, given that there are no new mines having full-fledged clearances.


Also Read: Why signing FSA will not solve coal supply issues


Below is the edited transcript of the interview. Also watch the accompanying video.


Q: Do you fear that there maybe a shortfall in the company being able to supply what they promise? Do have any indication of what the penalty might be and what the impact will be on the P&L?

A: Yesterday

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