County Coal Financial News

Lexus Granito(India)Ltd.(up 1.77%), The Orissa Minerals Development Company Ltd.(up 0.55%) and KIOCL Ltd.(up 0.27%) were among the top gainers.

Benchmark NSE Nifty index rose 50.25 points to 24663.25 amid buying in frontline bluechip stocks.

EID Parry(India)Ltd.(up 0.19%) and Balrampur Chini Mills Ltd.(up 0.12%) were among the top gainers.

India's coal import rose 5.3 per cent to 52.29 million tonnes (MT) in the first two months of the ongoing fiscal as against the year-ago period. The country's coal import was 49.62 MT in April and May in FY24, according to data compiled by mjunction services ltd — a B2B e-commerce platform from a joint venture between Tata Steel and SAIL. However, coal import in May dropped marginally to 26.19 MT, from 26.57 MT a year earlier. «Coal imports… were down 1.43 per cent as against 26.57 MT imported in May 2023,» it said.

Coal India unit Northeastern Coalfields (NECIL) which is operating one coal mine in Margherita sub-division in Tinsukia district, is making efforts to increase production from two lakh metric tonnes to 15 lakhs tonnes per annum. The Chairman & Managing Director of Coal India Limited (CIL), PM Prasad, and his team of senior officials called on the Chief Secretary, Ravi Kota at his Office chamber in Lok Sewa Bhawan, Guwahati. The Chief Secretary during interaction, reviewed the progress of the ongoing projects of NECIL in Assam. Kota highlighted that the Assam Government under the leadership of the Chief Minister, Himanta Biswa Sarma is keen on developing Assam as a sustainable and environmentally clean source of coal for relevant industries to reduce import of coal and to help in employment generation. The government is also exploring ways to maximize exploration and utilisation of the coal resources to accelerate economic growth, he said. At present, one coal mine in Margherita sub-division in Tinsukia district, under NECIL is actively extracting coal with an annual production of two lakh metric tonnes of coal. The production is likely to increase to three lakh tonnes per annum very soon and efforts are being undertaken to expand the same to 15 lakhs tonnes (1.5 Mn tonnes) per annum.

Hatsun Agro Products Ltd.(up 5.48%), Euro India Fresh Foods Ltd.(up 2.50%), ADF Foods Ltd.(up 2.15%), JHS Svendgaard Laboratories Ltd.(up 1.98%), Hindustan Foods Ltd.(up 1.95%), Dodla Dairy Ltd.(up 1.82%), Nakoda Group Of Industries Ltd.(up 1.22%), Mrs. Bectors Food Specialities Ltd.(up 1.21%), Bikaji Foods International Ltd.(up 0.91%) and Parag Milk Foods Ltd.(up 0.79%) were among the top gainers.

coal production rose by 14.49 per cent to 84.63 million tonne (MT) in June. The country's coal output was 73.92 MT in June last fiscal, according to provisional figures of the government. In June Coal India Ltd's (CIL) production was at 63.10 MT, registering a rise of 8.87 per cent compared to the same period last year, the coal ministry said in a statement.

Lexus Granito(India)Ltd.(up 10.16%), MOIL Ltd.(up 6.82%), Ashapura Minechem Ltd.(up 4.22%), NMDC Ltd.(up 1.77%), 20 Microns Ltd.(up 1.50%), Sandur Manganese & Iron Ores Ltd.(up 0.92%), The Orissa Minerals Development Company Ltd.(up 0.78%), Coal India Ltd.(up 0.75%), KIOCL Ltd.(up 0.36%) and Gujarat Mineral Development Corporation Ltd.(up 0.12%) were among the top gainers.

GE Power India Ltd.(up 5.85%), Indowind Energy Ltd.(up 4.98%), Hitachi Energy India Ltd.(up 3.38%), PTC India Ltd.(up 2.93%), GE T&D India Ltd.(up 2.26%), Power and Instrumentation(Gujarat)Ltd.(up 2.00%), SJVN Ltd.(up 1.83%), JSW Energy Ltd.(up 1.74%), Inox Wind Energy Ltd.(up 1.73%) and Gujarat Industries Power Company Ltd.(up 1.66%) were among the top gainers.

Lexus Granito(India)Ltd.(up 10.16%), Sandur Manganese & Iron Ores Ltd.(up 5.24%), Gujarat Mineral Development Corporation Ltd.(up 5.09%), KIOCL Ltd.(up 3.46%), Oriental Trimex Ltd.(up 2.90%), MOIL Ltd.(up 2.64%), Ashapura Minechem Ltd.(up 1.29%), Aro Granite Industries Ltd.(up 1.08%), Madhav Marbles & Granites Ltd.(up 0.53%) and Coal India Ltd.(up 0.37%) stood among the top gainers.

The NSE Nifty index ended the session 8.5 points down at 24315.95, while BSE Sensex fell 27.43 points to 79897.34.

TUECO, a joint venture of UJVN Limited and THDC India Limited, to set up a coal-based thermal power plant in Uttarakhand, according to an official statement. The Central Electricity Authority had previously recommended the supply of coal to Uttarakhand for the purpose of generating 1,320 MW of thermal power under the SHAKTI policy. While requesting the central government for allocation of coal in April 2024 under the Scheme for Harnessing and Allocating Koyala (Coal) Transparently in India (SHAKTI) policy, Chief Minister Pushkar Singh Dhami had said the state government was willing to set up a coal-based thermal power plant in the state. The central government has given in-principle consent to the establishment of thermal power plant through THDCIL-UJVNL Energy Company Limited (TUECO), an official release here said.

were among the top gainers.

Dwarikesh Sugar Industries Ltd.(up 2.17%), DCM Shriram Industries Ltd.(up 1.83%), Vishwaraj Sugar Industries Ltd.(up 1.67%), Bajaj Hindusthan Sugar Ltd.(up 1.51%), Ponni Sugars(Erode)Ltd.(up 1.09%), Rajshree Sugars & Chemicals Ltd.(up 1.08%), Avadh Sugar & Energy Ltd.(up 0.97%), Rana Sugars Ltd.(up 0.87%), Shree Renuka Sugars Ltd.(up 0.82%) and Simbhaoli Sugars Ltd.(up 0.81%) stood among the top gainers.

20 Microns Ltd.(up 2.36%), Ashapura Minechem Ltd.(up 0.88%), NMDC Ltd.(up 0.48%), Aro Granite Industries Ltd.(up 0.22%) and Coal India Ltd.(up 0.11%) stood among the top gainers.

Parag Parikh Flexi Cap Fund, the largest flexi cap fund based on assets managed, has reduced its stake in Reliance Industries, Bharat Heavy Electricals from its portfolio in June. On the other hand, it added more of ITC to its portfolio. The largest flexi cap fund sold around 12.33 lakh shares of Motilal Oswal Financial Services, 3.14 lakh shares of UTI AMC, 1.30 lakh shares of TCS and 92,750 shares of Hindustan Copper in June. The fund sold 78,750 shares of Bharat Heavy Electricals and 45,000 shares of IndusInd Bank from its June portfolio. The fund reduced its stake in Tech Mahindra and Reliance Industries by selling around 18,600 and 16,500 shares respectively in June.

Jyothy Labs Ltd.(up 5.78%), Hatsun Agro Products Ltd.(up 5.60%), Zydus Wellness Ltd.(up 2.85%), JHS Svendgaard Laboratories Ltd.(up 1.99%), Tata Consumer Products Ltd.(up 0.96%), Adani Wilmar Ltd.(up 0.95%), Bikaji Foods International Ltd.(up 0.83%), Prataap Snacks Ltd.(up 0.66%), Heritage Foods Ltd.(up 0.58%) and LT Foods Ltd.(up 0.46%) stood among the top gainers.

KPI Green Energy Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), RattanIndia Power Ltd.(up 4.95%), Karma Energy Ltd.(up 3.97%), Energy Development Company Ltd.(up 3.50%), GE Power India Ltd.(up 2.63%), Hitachi Energy India Ltd.(up 2.63%), Voltamp Transformers Ltd.(up 2.41%), NHPC Ltd.(up 2.16%) and Inox Wind Ltd.(up 1.25%) stood among the top gainers.

stocks within large-caps remained steady while the same has been diminishing to historical lows within mid and small-caps. South Indian Bank, ONGC, HPCL, Oil India, Coal India, Karur Vysya Bank, CESC, PNB Housing, SBI, GAIL, NMDC, City Union Bank, Hindalco, Gulf Oil, Axis Bank, Sun TV and NTPC are stocks that ICICI Securities has ranked in ascending order from ‘deep value’ to ‘value'.

Madhav Marbles & Granites Ltd.(up 2.00%), Coal India Ltd.(up 1.40%), NMDC Ltd.(up 1.02%), 20 Microns Ltd.(up 0.87%), Aro Granite Industries Ltd.(up 0.76%), KIOCL Ltd.(up 0.70%), Ashapura Minechem Ltd.(up 0.41%), MOIL Ltd.(up 0.28%), Sandur Manganese & Iron Ores Ltd.(up 0.18%) and The Orissa Minerals Development Company Ltd.(up 0.07%) were among the top gainers.

Ponni Sugars(Erode)Ltd.(up 2.73%), Uttam Sugar Mills Ltd.(up 2.23%), Dalmia Bharat Sugar and Industries Ltd.(up 2.12%), Avadh Sugar & Energy Ltd.(up 1.79%), Magadh Sugar & Energy Ltd.(up 1.71%), KM Sugar Mills Ltd.(up 1.64%), Rana Sugars Ltd.(up 1.55%), Sakthi Sugars Ltd.(up 1.43%), Kothari Sugars & Chemicals Ltd.(up 1.26%) and Shree Renuka Sugars Ltd.(up 1.21%) were among the top gainers.