Comments
Shares of Coal India today fell 2.5% as offtake adjusted for power demand worried investors.
The company’s operational performance has improved materially over last eight months but lacks support from power sector demand, says Ambit.
It says FY16 offtake estimates might be at risk if electricity boards’ financing issues are not resolved and power demand does not pick up in the second half of FY16.
Monthly production has missed target for four consecutive months since April.
The government's plan to sell 10 per cent stake also weighs.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.