COAL India:
•This is the Only company in India that is allowed to mine and sell coal.
•All other companies like NLC are allowed to mine coal only for their capitive power generation purposes.
•Coal India has got reserve of 67 billion tonne.
•It is the largest coal producing company in the world.
•But coal india constantly misses its Coal Production Mining target, which results Government in forcing coal import in a big way.
•Being one of the biggest imports like oil and gold, many feel that other indian companies also must be allowed to mine and sell.
•But till such time Coal India will be the king.
•The company has got stock balance shee twith low debt and cash book of Rs.58200 crores.
•Coal India has fallen 13% in the past 12 months.
•At Rs. 299, it is currently trading @ PE of 11 times, which by global standard is not expensive.
•This is the Only company in India that is allowed to mine and sell coal.
•All other companies like NLC are allowed to mine coal only for their capitive power generation purposes.
•Coal India has got reserve of 67 billion tonne.
•It is the largest coal producing company in the world.
•But coal india constantly misses its Coal Production Mining target, which results Government in forcing coal import in a big way.
•Being one of the biggest imports like oil and gold, many feel that other indian companies also must be allowed to mine and sell.
•But till such time Coal India will be the king.
•The company has got stock balance shee twith low debt and cash book of Rs.58200 crores.
•Coal India has fallen 13% in the past 12 months.
•At Rs. 299, it is currently trading @ PE of 11 times, which by global standard is not expensive.
