Very interesting podcast on the future of Coal(with references to Coal India):
Got to learn a lot of things. The irony of India now allowing coal exports despite being import dependent, transport/pricing challenges, lack of an independent regulator and no attention given to conflict of interest of private contract mine operators of Coal India now becoming Coal miners themselves and possibility of a Coal exchange like we have for electricity(and now gas).
can you please provide the link to this.
Thanks
Hi @aveekbhat
The YT link shows up in my post above but I’m posting the orginal Spotify link which i listened to:
I posted the YT link assuming it would be easier for most people to access
BTW, here is the link to the TRANSCRIPT
Coal Still Powers Much Of India’s Industry. Why Does It Remain A Troubled Sector? to go-along with the podcast episode
Not able to understand the market reaction to the CIL’s quarterly results..
Coal Offtake was down 2% for Q4 aswell as for the full FY as compared to last.
Now April month the offtake is down again by 2% compared to last year.. so the trend continues..
Infact Production has seen a sharper fall of 9.7%
Wonder if the market was trying to find a reversal here but going by April figures its a few more months away..
Though performance of Coal India is not so good, FII and Parag Parikh MF have been raising the stake continuously for past 3 quarters. This may have partial influence on the upward trend in the stock price.
Also, generally before Record date for the dividend, price goes up.
There could be more reasons which we do not know but Market is probably aware of.
