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MarketScreener Homepage  >  Equities  >  NSE India Stock Exchange  >  Coal India Limited    COALINDIA   INE522F01014

COAL INDIA LIMITED

(COALINDIA)
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Coal India : Mahanadi Coalfields to double output to 300 mtpa by 2026

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06/18/2019 | 04:42am EDT

Mahanadi Coalfields Ltd (MCL) on Sunday said it will more than double production to 300 million tonne by 2026 with long-term planning and inclusion of new technology. We are into a long-term planning to ensure that mining operations remain smooth to register cosistent growth. By 2025-26, the company is expected to achieve the 300 million tonne target, Chairman-cum-Managing Director Bhola Nath Shukla said.

MCL, a subsidiary of mining major Coal India Ltd, produced around 144 million tonne during 2018-19 and has set a target of 160 million tonne this fiscal. Out of the 300 mtpa coal production target set by MCL, 200 million tonne will be produced by Talcher coalfields alone, Shukla told reporters. Asserting that the company has taken major initiatives to enhance coal evacuation through infrastructure development like coal corridor and SILOs, the CMD said the focus would be on speedy capacity enhancement of the rail infrastructure. This will also help private players develop their coal blocks and contribute towards meeting the growing energy demand of the country, he said.

To a query about the Mahanadi Institute of Medical Sciences and Research, Talcher, Shukla said the academic block had been inaugurated, while the hospital is under development to cater to the need of a 500-bed facility.

(c) The Observer 2019 Observer Media Ltd. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (INR)
Sales 2020 960 B
EBIT 2020 184 B
Net income 2020 174 B
Finance 2020 273 B
Yield 2020 11,7%
P/E ratio 2020 4,90x
P/E ratio 2021 4,91x
EV / Sales2020 0,61x
EV / Sales2021 0,57x
Capitalization 859 B
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Number of Analysts 24
Average target price 235,90  INR
Last Close Price 137,75  INR
Spread / Highest target 132%
Spread / Average Target 71,3%
Spread / Lowest Target 16,2%
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Pramod Agrawal Chairman & Managing Director
S. Sarkar Chief Financial Officer
Binay Dayal Director & Technical Director
Khanindra Pathak Independent Director
D. C. Panigrahi Independent Director
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