Stocks to Watch, 4 March: Stocks like Hindustan Aeronautics, Dabur India, JSW Cement, Affle 3i, Lupin, HDB Financial Services, Mahindra and Mahindra, Greenlam Indusries, Reva Diamonds, Greenply Industries, Cipla, Capri Global Capital, Tata Motors, and Shalby will be in focus on March 4./
Stocks to Watch, 02 March: Stocks like Maruti Suzuki India, Hyundai Motor India, Hero MotoCorp, Eicher Motors, Tata Motors, Tata Motors Passenger Vehicles, Mahindra and Mahindra, TVS Motor Company, Escorts Kubota, Niva Bupa Health Insurance Company, and Clean Max Enviro Energy Solutions will be in focus on March 2.
Stocks to Watch, 19 January: Stocks like Reliance Industries, HDFC Bank, ICICI Bank, Wipro, Tech Mahindra, IDBI Bank, Yes Bank, RBL Bank, UCO Bank, Indosolar, JB Chemicals and Pharmaceuticals, Bajaj Healthcare, and Bharat Coking Coal will be in focus on January 19.
Qualified institutional buyers bid for 24.61 billion shares of Bharat Coking Coal, about 311 times the number of shares on offer for them, leading the subscription demand for the IPO
The Coal India subsidiary is uniquely positioned to benefit from the demand upcycle because of its scale, reserve depth, and proximity to steel-producing clusters
Bharat Coking Coal IPO | BCCL has finalised allocation of 11.87 crore equity shares to anchor investors at Rs 23 per share.
Bharat Coking Coal IPO | The offer consists of entirely offer-for-sale of 46.57 crore equity shares by promoter Coal India, with no fresh issue component.
The miner plans to boost its production capacity from the current 41 million tonnes per year to over 100 million tonnes, with a capital expenditure of Rs 3,000 crore by FY'30, officials said.
This milestone follows BCCL's achievement of clearing its accumulated losses and reporting a net profit of Rs 1,564 crore for the financial year 2023-24, with a turnover of Rs 13,216 crore.
Coal India has introduced a one-time offer that allows power utilities to lift the fuel directly from mines. The scheme is available for independent power producers drawing coal under fuel supply agreements (FSAs) as well.
NC Jha, chairman of Coal India tells CNBC-TV18 that Bharat Coking has not yet received any notice from the Jharkhand pollution board. "Production continues and there is no diruption in providing coal to various sectors yet," he says.
State-run mining giant Coal India today blamed early rains and inclement weather in the eastern region for playing spoilsport in achieving its 98.7 million tonnes (MT) target for the first quarter.
Leading private power producer, Tata Power, today said it has achieved full-load generation of the 525 MW unit 1 of the Maithon mega power project at Dhanbad in Jharkhand.