Coal India has missed expectations this quarter. Realizations have come in lower than expected and there has been a sharp increase in the employee costs. In an interview to CNBC-TV18, Gopal Singh, CMD of Coal India spoke about the results and his outlook for the company.
Coal India is fully geared up to achieve the FY18 production target of 600 million tonnes, according to Coal India CMD Gopal Singh.
Premier Explosives is buzzing in trade after bagging an order from Coal India for Rs 145 crore. In an interview to CNBC-TV18, AN Gupta, Chairman & Managing Director of the company spoke at length about the order and his outlook going ahead.
Coal India is the stock on our radar as the company signed a wage agreement with workers' unions for a period of five years. This agreement was higher than expected and brokerages have turned wary of the stock. In an interview to CNBC-TV18, Gopal Singh, Chairman of Coal India spoke about the latest happenings in his company and sector.
India's coal plants are running at 3-year high capacity as hydro and nuclear output falls. I an interview to CNBC-TV18, Gopal Singh, CMD of Coal India spoke at length about the same.
In an interview to CNBC-TV18, Ved Prakash Agarwal, Chairman of Prakash Industries spoke about the results and his outlook for the company.
Speaking to CNBC-TV18 Susheel Kumar, Coal Secretary, said the offtake while being flat in the first three quarters of this fiscal year, November and December were good.
The government‘s targets for completion of road projects have come under a flak from road sector experts with Feedback Infrastructure Chairman Vinayak Chatterjee and MEP Infrastructure Managing Director Jayant Mhaiskar terming the targets as overambitious.
Nalco has cash reserve of Rs 3,000-3,500 crore, which will be used for domestic capacity expansion, said TK Chand, CMD of Nalco.
NTPC, while adding more capacity in coming years, is planning to raise Rs 30,000 crore to fund its capex plans, says Kulamani Biswal, Director - Finance of the company.
Speaking to CNBC-TV18, AN Gupta, Chairman and MD of the company said that capital expenditure on the new unit is expected to be around Rs 100 crore and it could be financed from internal accruals or through raising capital from the market.
Revenues from defence orders are likely to double ever year. By 2020, defence orders could contribute nearly Rs 500-600 crore to the company‘s revenues, says Nilesh Panpaliya, CFO of Solar Industries.
Eight out of the 16 mines will be allocated to the host states (where the mine is located) and the balance will be for non-host states, Coal Secretary Anil Swarup said.
TV Sandeep Reddy, MD, Gayatri Projects said Longwall technology would aid revenue growth substantially for the company from underground projects.
DP Deshpande, Managing Director of Tata Sponge, said that coal linkages secures the company for the next five years at 24,000 tonnes per year.
The minimum import price (MIP) helped in maintaining prices but it was not supported by domestic demand, says Padam Jain, Director and CFO of Sarda.
The 6.3 percent price hike effected by Coal India will not have an impacted on off-take, Coal Secretary Anil Swarup said, adding that demand for coal continues to remain high even a bottleneck remains in the form of distressed power distribution companies.
In an interview with CNBC-TV18, he said that there is no big 'uptick' in steel demand and expects iron ore prices to go up by Rs 500 per tonne, which will be an added burden on the industry.
Contrary to news reports, Coal India has not stopped production at any mine even though production has been cut back in the wake of low offtake, Coal Secretary Anil Swarup today confirmed to CNBC-TV18.
Speaking to CNBC-TV18, Nilesh Panpaliya, CFO of Solar Ind said that the company at present has a defence order worth Rs 72 crore which will reflect on the books next fiscal and is expected to drive the revenue for FY17 up by 25 percent.
Partha S Bhattacharyya, Former Chairman, Coal India believes that giving away a highly skilled activity like mining to incompetent agencies might not serve any real purpose.
If first quarter's production is anything to go by, then the coal behemoth can very well surpass the FY16 production target.
Bipin Kumar Saxena, director marketing, Coal India, has a year-end production target at 550 million tonne.
In an interview with CNBC-TV18, Saxena says production for April-July at 156 million tonnes is already 10.5 percent higher compared to the same period last year.
The company's pperational performance also beat street expectations with the operating profit rising 5.1 percent year-on-year to Rs 5,964 crore and margin expanding 30 basis points to 27.9 percent in the quarter gone by.