The Indian markets are likely to start this week on a flat note with a negative bias, on the back of similar trend in global indices
There is effectively no strict eligibility criterion for participating in the auction. The companies/joint ventures should be registered in India.
Coal import dips 20% to 19 MT in May
With the start of some economic activity and a slight pickup in power demand, some increase was expected in the company's coal volumes in May
Adani Power, GMR Energy, Avantha Power, Lalitpur Power, and Vedanta are some of the private companies that have applied for the 'import substitution' scheme of the Centre
The company produced 602.14 million tonnes of coal during the last fiscal
But the currency could take a hit if rating agencies respond unfavourably
The environment ministry now in its latest note has said, "In the overall scheme of coal, mine, washery and power plant, the extent of ash content in mined coal remains the same"
In the earlier two rounds held over the last two years, around 9,389 megawatt (MW) of power capacity bid for the coal under the SHAKTI scheme
The company had posted a total production of 45.30 million tonnes (MT) in the corresponding month of the previous financial year, CIL said in a filing to the BSE
Traders can benefit from price volatility in the months to come
Costs unlikely to fall; does not bode well for earnings
All coal producing arms of CIL advised to immediately implement the increase; move is designed to encourage power plants to fo domestic supply instead of relying on imports
The employees had gathered to perform a religious event on Friday
Pending demand for Deferred Payment Letters of Credit implemented as additional mode of payment along with irrevocable revolving L/C for coal supplied to power producers, especially IPPs
For IndusInd Bank keep a stop at 330 and go long
There are over a dozen other companies which could be on the verge of entering the "ban period"
Having significant portion of regulated business, their earnings remain insulated and the two offer good dividend yield too
Incidentally, after taking forward its disinvestment drive, the Centre, from a stakeholding of 70.96 per cent as on April 2019, now owns 69.05 per cent in this company.
Pressure on e-auction premiums, subdued outlook on prices and stake sale overhang remain key concerns