Weaker power demand affecting earnings prospects of Coal India Ltd.

Coal India Ltd’s production and sales numbers during February continued to disappoint, declining by 6.6% and 6.2% respectively. Though production at SECL, the company’s largest coalfield, increased, the disappointment was led by a decline in production at most other coal fields. Volume growth continues to remain a concern. Analysts attribute Coal India’s sluggish February operating […]

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India’s power sector recovers during second quarter of FY21: ICICI Securities

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Power demand in India recovered significantly in Q2FY21 resulting in improved thermal plant load factor (PLFs) and subsequently higher offtake from Coal India (CIL), says a report by ICICI Securities. Power generation during the first six months was lower, only 8.7 per cent y-o-y, compared to -16.4 per cent in the first quarter of FY21. The report […]

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