Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. India
  4. NSE India Stock Exchange
  5. Coal India Limited
  6. News
  7. Summary
    COALINDIA   INE522F01014

COAL INDIA LIMITED

(COALINDIA)
  Report
Delayed Quote. Delayed NSE India Stock Exchange - 06/16 02:38:22 am
156.45 INR   -0.45%
06/14COAL INDIA  : Posts Lower Q4 Net Profit, Revenue
MT
06/11COAL INDIA  : allows buyers to export for first time
RE
06/10GOCL  : Bags Contract from Coal India Worth Over $39 Million
MT
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

India's annual coal power output falls for first time in a decade

02/17/2020 | 10:15am EDT
FILE PHOTO: Smoke billows out from the cooling towers of a coal-fired power plant in Ahmedabad, India

BAMBOLIM, Goa, India (Reuters) - India's annual electricity generation from coal-fired utilities fell in 2019 for the first time in a decade, government data showed, amid a broader economic slowdown and increased use of renewable energy.

India is the second largest consumer, importer and producer of coal behind China. The world's third largest greenhouse gas emitter consumed nearly 1 billion tonnes of the fuel in 2018/19, with utilities accounting for over three-quarters of the total demand.

While greater adoption of renewable energy contributed to lower output from coal-fired utilities, weak economic growth added to a slowdown in overall demand for electricity, economists say.

Analysts and power sector executives say the fall in annual coal-fired generation was a blip and largely due to a broader economic slowdown.

"It is very much an aberration now, but it's a portent to what is inevitably going to happen in 5-10 years," Tim Buckley, director of Energy Finance Studies, at the Institute of Energy Economics and Financial Analysis, in Australia, told Reuters on the sidelines of Coaltrans India conference.

Electricity generation from coal-fired utilities fell about 2.5% to 965.53 billion units in 2019, an analysis of fuel-wise electricity generation data by the Central Electricity Authority (CEA) showed.

Seeking to expedite clean energy as some coal-fired power plants face closure, Asia's third-largest economy has set a target to raise renewable energy capacity to 175 gigawatts by 2022.

Solar energy output rose by over a quarter while wind energy generation rose 5%, the data showed. The contribution of solar and wind energy to India's overall energy generation rose to 8.8%, more than double their share of 3.6% in 2015.

Graphic - India's annual electricity generation: https://fingfx.thomsonreuters.com/gfx/mkt/13/2188/2156/India's%20annual%20electricity%20generation.jpg

India's electricity requirement grew at the slowest pace in six years in 2019, according to government data.

Power sector executives say while electricity demand could recover in coming months, it is not expected to grow consistently at mid-single digits.

"Slower growth in power demand, lower cost of renewable energy and the state of electricity distribution companies will drive an organic transition to solar and wind energy," an industry executive told Reuters.

Prime Minister Narendra Modi wants to increase adoption of green energy sources to fight climate change and increase the share of renewable energy to 40% of installed capacity by 2030, from 23.3% now.

Graphic - Contribution to total electricity generation based on source fuel: https://fingfx.thomsonreuters.com/gfx/mkt/13/2190/2158/Contribution%20to%20total%20electricity%20generation.jpg

India's renewable capacity rose 16% to 85.9 GW in 2019, while coal-fired capacity rose 3.9% to 198.5 GW.

Electricity generation from gas-based power plants fell for the first time in five years to 47.98 billion units in 2019, down 4.5% from 50.26 billion units the previous year, CEA data showed.

Output from power plants using polluting fuels such as lignite and diesel also fell, while electricity generated by renewable energy sources such as solar and wind rose.

Generation from non-conventional sources such as biomass and bagasse fell during the year, while nuclear energy generation rose 6.3% to 43.57 billion units.

By Sudarshan Varadhan


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CHANGE INC. 1.56% 2996 End-of-day quote.-15.01%
COAL INDIA LIMITED -0.48% 156.45 Delayed Quote.16.02%
All news about COAL INDIA LIMITED
06/14COAL INDIA  : Posts Lower Q4 Net Profit, Revenue
MT
06/11COAL INDIA  : allows buyers to export for first time
RE
06/10GOCL  : Bags Contract from Coal India Worth Over $39 Million
MT
06/01COAL INDIA  : Fuel Offtake Jumps 38% in May
MT
05/19Indian Stocks Snap Winning Streak on Wednesday; Tata Motors Slumps Over 5%
MT
05/18COAL INDIA  : to Invest $5 Million to Set Up 25 Oxygen Generation Plants
MT
05/14MARKET CHATTER : Coal India Unit Central Coalfields Records 112% Jump in Product..
MT
05/11Indian shares set to snap four-day rally as metals lose lustre
RE
05/10Indian shares settle up as record high commodity prices lift metal stocks
RE
05/10Indian shares settle up as record high commodity prices lift metal stocks
RE
More news
Financials
Sales 2021 888 B 12 111 M 12 111 M
Net income 2021 120 B 1 637 M 1 637 M
Net cash 2021 102 B 1 387 M 1 387 M
P/E ratio 2021 8,08x
Yield 2021 8,31%
Capitalization 968 B 13 202 M 13 202 M
EV / Sales 2021 0,98x
EV / Sales 2022 0,75x
Nbr of Employees 272 445
Free-Float 33,9%
Chart COAL INDIA LIMITED
Duration : Period :
Coal India Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends COAL INDIA LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 168,91 INR
Last Close Price 157,15 INR
Spread / Highest target 48,9%
Spread / Average Target 7,49%
Spread / Lowest Target -42,7%
EPS Revisions
Managers and Directors
NameTitle
Pramod Agrawal Chairman & Managing Director
Sanjiv Soni Director & Finance Director
Binay Dayal Director & Technical Director
M. Viswanathan Joint Secretary & Compliance Officer
Vinod Kumar Tiwari Non-Executive Director
Sector and Competitors