County Coal Financial News

Maruti, M&M, Tata Consumer, Adani Energy, Vedanta will be in focus due to various news developments and first quarter results. Maruti, M&M, Coal India, Adani Power, Tata Steel, Ambuja, BoB

Rajshree Sugars & Chemicals Ltd.(up 6.35%), Bajaj Hindusthan Sugar Ltd.(up 3.44%), Ponni Sugars(Erode)Ltd.(up 3.08%), Shree Renuka Sugars Ltd.(up 2.62%), Mawana Sugars Ltd.(up 2.40%), Rana Sugars Ltd.(up 2.37%), Balrampur Chini Mills Ltd.(up 2.17%), Triveni Engineering & Industries Ltd.(up 2.16%), KCP Sugar & Industries Corporation Ltd.(up 1.65%) and Sakthi Sugars Ltd.(up 1.53%) stood among the top gainers.

Madhav Marbles & Granites Ltd.(up 3.42%), Sandur Manganese & Iron Ores Ltd.(up 1.69%), Coal India Ltd.(up 1.41%), Gujarat Mineral Development Corporation Ltd.(up 0.94%), Ashapura Minechem Ltd.(up 0.56%) and Pokarna Ltd.(up 0.49%) stood among the top gainers.

New Delhi: The Energy and Resources Institute (TERI)organized a photo exhibition titled "Coal Dependence: Lives in an Extractive Economy" at its headquarters at the Indian Habitat Centre on July 25 and 26.Thetwo-day exhibition was part of a project “Just Transition: Understanding and the Implications of Moving Away from Coal", supported by the MacArthur Foundation.The exhibition strove to illuminate the lives of communities that are intricately connected to the coal economy, which is at the heart of the just energy transition debate.Through a series of compelling photographs, the exhibition examined the everyday realities of individuals engaged in selling, extracting, and transporting coal which happens in the absence of alternate lucrative means of income. These images highlighted the vulnerabilities faced by these communities as we aspire to transition towards cleaner energy sources.The photo exhibition was inaugurated by Dr Vibha Dhawan, Director-General, TERI, and attended by Mr Ajay Shankar and Mr Jiwesh Nandan, Distinguished Fellows at TERI.

Coal India Ltd is advancing 119 projects with a capacity of 896 million tonne per year and a sanctioned capital of Rs 1,33,576 crore, the world's largest miner said. These projects, which are at various stages of implementation, are part of CIL's «proactive strategy» to increase production capacity and meet future coal demands, the company said in its latest annual report.

Benchmark NSE Nifty index rose 245.61 points to 24651.7 amid buying in frontline bluechip stocks.

KCP Sugar & Industries Corporation Ltd.(up 2.82%), Bajaj Hindusthan Sugar Ltd.(up 1.94%), EID Parry(India)Ltd.(up 1.58%), Rajshree Sugars & Chemicals Ltd.(up 1.33%), Triveni Engineering & Industries Ltd.(up 0.95%), Kothari Sugars & Chemicals Ltd.(up 0.91%), Avadh Sugar & Energy Ltd.(up 0.87%), Balrampur Chini Mills Ltd.(up 0.64%), DCM Shriram Industries Ltd.(up 0.61%) and KM Sugar Mills Ltd.(up 0.58%) were among the top gainers.

Bajaj Hindusthan Sugar Ltd.(up 6.50%), Sakthi Sugars Ltd.(up 6.16%), Triveni Engineering & Industries Ltd.(up 5.65%), KCP Sugar & Industries Corporation Ltd.(up 5.59%), Simbhaoli Sugars Ltd.(up 4.98%), Magadh Sugar & Energy Ltd.(up 4.93%), Ugar Sugar Works Ltd.(up 4.88%), Rajshree Sugars & Chemicals Ltd.(up 4.43%), Shree Renuka Sugars Ltd.(up 4.15%) and EID Parry(India)Ltd.(up 3.32%) stood among the top gainers.

The Orissa Minerals Development Company Ltd.(up 18.39%), KIOCL Ltd.(up 3.78%), MOIL Ltd.(up 3.61%), Ashapura Minechem Ltd.(up 3.51%), Gujarat Mineral Development Corporation Ltd.(up 3.36%), Oriental Trimex Ltd.(up 2.43%), Aro Granite Industries Ltd.(up 2.41%), Sandur Manganese & Iron Ores Ltd.(up 1.79%), 20 Microns Ltd.(up 1.79%) and Coal India Ltd.(up 1.40%) stood among the top gainers.

Heritage Foods Ltd.(up 5.00%), ADF Foods Ltd.(up 4.49%), Varun Beverages Ltd.(up 4.09%), Zydus Wellness Ltd.(up 4.05%), Umang Dairies Ltd.(up 3.32%), Bajaj Consumer Care Ltd.(up 2.40%), Mrs. Bectors Food Specialities Ltd.(up 2.36%), Patanjali Foods Ltd.(up 2.36%), Gillette India Ltd.(up 1.98%) and Bikaji Foods International Ltd.(up 1.92%) stood among the top gainers.

HUL, Bajaj Finance, Suzlon Energy, Federal Bank, Gensol Engineering among others will be in focus due to various developments and quarterly earnings HUL, Bajaj Finance

Graphite is the first mineral Coal India Limited (CIL) will diversify its operations beyond coal, following an order from the Ministry of Mines granting the company a composite license for prospecting and mining. This license pertains to the Khattali Chhoti Graphite Block in Alirajpur, Madhya Pradesh. «This is the first mineral other than coal for us,» Debasish Nanda, Director of Business Development at Coal India, told PTI. CIL is required to pay a mining premium of 150.05 per cent of the value of minerals dispatched to the state government.

G Kishan Reddy said there is «no shortage» of coal for the power sector and the Centre will ensure adequate supply of the dry fuel to meet demand. The long-term demand will be met by increased productivity of Coal India and commercial mines, he said. «We are supplying coal to all thermal power plants. We have requested plants based on imported coal to switch their technology to utilise domestic fuel. There is no shortage of coal in the country,» Reddy, the minister for coal and mines, told PTI. Coal production usually faces hindrances during the monsoon season.

Indo Tech Transformers Ltd.(up 4.90%), GE Power India Ltd.(up 4.62%), Power and Instrumentation(Gujarat)Ltd.(up 1.99%), Kalpataru Projects International Ltd.(up 1.49%), PTC India Ltd.(up 0.71%) and Adani Energy Solutions Ltd.(up 0.03%) stood among the top gainers.

The NSE Nifty index was trading 139.2 points down at 24661.65, while BSE Sensex was down 317.09 points at 81026.37 at the time of writing this report.

Aries Agro Ltd.(up 2.22%) and Sikko Industries Ltd.(up 1.04%) were among the top gainers.

JHS Svendgaard Laboratories Ltd.(up 1.76%), Zydus Wellness Ltd.(up 0.54%), Britannia Industries Ltd.(up 0.54%), Jyothy Labs Ltd.(up 0.28%), Euro India Fresh Foods Ltd.(up 0.06%) and Prataap Snacks Ltd.(up 0.04%) were among the top gainers.

KPI Green Energy Ltd.(up 5.01%), Karma Energy Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), Power and Instrumentation(Gujarat)Ltd.(up 1.99%), JSW Energy Ltd.(up 0.63%) and KEC International Ltd.(up 0.43%) stood among the top gainers.

Umang Dairies Ltd.(up 14.65%), JHS Svendgaard Laboratories Ltd.(up 4.98%), Gillette India Ltd.(up 3.13%), Mrs. Bectors Food Specialities Ltd.(up 2.83%), Hindustan Foods Ltd.(up 2.73%), Patanjali Foods Ltd.(up 2.66%), Marico Ltd.(up 2.63%), Emami Ltd.(up 2.42%), Bajaj Consumer Care Ltd.(up 2.03%) and Hindustan Unilever Ltd.(up 1.86%) stood among the top gainers.

The NSE Nifty index was trading 66.71 points down at 24546.3, while BSE Sensex was down 148.2 points at 80568.35 at the time of writing this report.

Karma Energy Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), KPI Green Energy Ltd.(up 4.87%), Power and Instrumentation(Gujarat)Ltd.(up 1.99%), KEC International Ltd.(up 1.98%), Torrent Power Ltd.(up 0.52%) and India Power Corporation Ltd.(up 0.24%) were among the top gainers.