Higher sales, prices to power up Coal India amid concerns over weak performance

Higher sales, prices to power up Coal India amid concerns over weak performance

Coal India’s financial performance in the December 2016 quarter was weak when compared with that in the corresponding quarter of the previous year.

In addition, there are concerns over the employee wages which are due for negotiations and volatility in international coal prices. But, in the coming quarters, it may be able to improve performance given an uptick in sales volume and an upward trend in prices.In the December 2016 quarter, sales volume rose by 4% year-on-year and by 23% compared with the previous quarter. The company sells nearly 85% coal through regulated channel to power plants where prices are fixed annually. The remaining is sold through electronic auction where price follows international trend.

Read More…

Leave a Reply

Your email address will not be published.