Coal India produced a total of 466,000 tonnes of coal on September 24, which compared to an business-as-usual production estimate of 1.05 million tonnes, the official said.
Over half-a-million workers including contract labourers of state-run Coal India and Singareni Collieries observed the strike on Tuesday seeking withdrawal of the central government's move.
BSNL has informed employees about its intention to impose a penalty on non-achievement of targets, the report said.
FDI policy fails to address key regulatory issues such as delay in environmental clearances and land acquisition and lack of availability of coal rakes.
About 23 companies, or nearly 50%, of the Nifty50 universe is trading at a discount to their 10-year P/E multiple, data from Motilal Oswal and AceEquity showed
Motilal Oswal is bullish on Coal India has recommended buy rating on the stock with a target price of Rs 264 in its research report dated September 06, 2019.
We have collated a list of stocks which remained in focus on Tuesday because of their price action. The technical outlook is limited to near and medium-term.
Average international coal price has gone down from $75 per tonne to $48 in just a few months.
Jha was speaking at the media briefing for the 8th Asian Mining Congress and IME Exhibition, scheduled to be held on November 6-9.
State-owned Coal India accounts for nearly 83 percent of the country's coal production.
The company is below its historical valuation due to a 33 percent correction in the past year.
Coal major gets a grip on cost though growth remains a sticking point
ICICI Direct recommended hold rating on Coal India with a target price of Rs 225 in its research report dated August 14, 2019.
Prabhudas Lilladher recommended accumulate rating on Coal India with a target price of Rs 235 in its research report dated August 14, 2019.
Motilal Oswal is bullish on Coal India has recommended buy rating on the stock with a target price of Rs 278 in its research report dated August 13, 2019.
"The Maharatna PSU's board has given the green signal to procure 40 rakes at nearly Rs 700 crore. One rake comprises 59 wagons. According to a rough estimate, one rake can move 1.4 million tonne of coal per annum," the company said on Thursday.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a with 0.39 percent loss or 43 points. Nifty futures were trading around 11,078-level on the Singaporean Exchange.
While in the early stages, the proposal is being studied by the company and Coal Ministry.
Net Sales are expected to increase by 3.1 percent Y-o-Y (down 12.7 percent Q-o-Q) to Rs. 23,309.2 crore, according to Kotak.
Net Sales are expected to increase by 2.5 percent Y-o-Y (down 13.6 percent Q-o-Q) to Rs. 24,662.7 crore, according to Prabhudas Lilladher.
The country's top dry-fuel miner Coal India Ltd had supplied 83.1 MT of coal in April-May period of FY18, according to government data.
Prabhudas Lilladher recommended hold rating on Coal India with a target price of Rs 265 in its research report dated May 30, 2019.
Company is optimistic on production growth despite on-the-ground challenges and expects costs to remain benign in FY20.
ICICI Direct recommended hold rating on Coal India with a target price of Rs 275 in its research report dated June 04, 2019.
Moneycontrol's Jerome Anthony does a 3 Point Analysis of the company's current position