County Coal Financial News

Want to take exposure to a sector which grows much faster than GDP

Want to take exposure to a sector which grows much faster than GDP

₹8,500 crore viability gap funding (VGF) scheme for coal gasification. In another decision, the cabinet committee on economic affairs (CCEA) also approved an equity investment of ₹3,799.64 crore by Coal India Ltd for setting up coal gasification joint ventures with GAIL (India) Ltd and Bharat Heavy Electricals Ltd (BHEL).

Want to take exposure to a sector which grows much faster than GDP

Want to take exposure to a sector which grows much faster than GDP

Zee share price tanks 33%, erases over ₹7k crore mcap as Sony calls off merger; brokerages downgrade stock The losses in midcaps and smallcaps were even deeper as the BSE Midcap and Smallcap indices ended with losses of nearly 3 per cent each. The overall market capitalisation of the BSE-listed firms plunged to nearly ₹366 lakh crore from nearly ₹374.4 lakh crore in the previous session, making investors lose about ₹8.4 lakh crore in a single session.

Coal India Ltd plans to mine for lithium. The company’s technical director, B. Veera Reddy, said last week the company plans to explore for the critical mineral.

Adani Power and Jindal Power are among companies likely to show interest in acquiring Hiranmaye Energy, a thermal power company which was recently admitted for corporate insolvency, said people aware of development. Hiranmaye Energy, formerly India Power Corp (Haldia), was admitted for corporate insolvency early this month at the behest of a petition filed by REC.

Coal India Ltd (CIL) plans to acquire rare earth and critical mineral mines including lithium directly from the government, in addition to bidding for Jammu & Kashmir’s lithium reserves in upcoming auctions. “Coal India is looking to directly take certain rare earth mines. Given that it is a PSU, it can apply for certain mines directly.

Also Read: IRFC, RVNL, and Mazagon Dock jump up to 13% to their respective new highs; gave multibagger returns in last 1 year Amid this backdrop, multiple PSU companies saw their market capitalisation crossing a significant ₹one lakh crore level. Currently, 17 PSU companies boast a market capitalisation above ₹one lakh crore, and eight of them joined this club in the past year. These companies include IRFC, Bharat Electronics, Bank of Baroda, REC, Punjab National Bank, Union Bank of India, Power Finance Corporation, and Hindustan Aeronautics.

PTC India Ltd.(up 4.84%), SJVN Ltd.(up 4.51%), Karma Energy Ltd.(up 3.78%), NLC India Ltd.(up 2.69%), NHPC Ltd.(up 2.42%), RattanIndia Power Ltd.(up 1.45%), Gujarat Industries Power Company Ltd.(up 1.24%), Orient Green Power Company Ltd.(up 1.10%), Voltamp Transformers Ltd.(up 1.10%) and CESC Ltd.(up 0.62%) were among the top gainers. Indo Tech Transformers Ltd.(down 5.00%), Adani Energy Solutions Ltd.(down 2.17%), GE Power India Ltd.(down 1.98%), Inox Wind Energy Ltd.(down 1.91%), Suzlon Energy Ltd.(down 1.91%), Jaiprakash Power Ventures Ltd.(down 1.86%), Jyoti Structures Ltd.(down 1.84%), Adani Green Energy Ltd.(down 1.81%), Transformers & Rectifiers(India)Ltd.(down 1.70%) and Power and Instrumentation(Gujarat)Ltd.(down 1.55%) were among the top losers.

MOIL Ltd.(up 7.95%), Sandur Manganese & Iron Ores Ltd.(up 1.98%), NMDC Ltd.(up 1.60%), KIOCL Ltd.(up 1.59%) and Gujarat Mineral Development Corporation Ltd.(up 0.93%) stood among the top gainers. Aro Granite Industries Ltd.(down 6.54%), 20 Microns Ltd.(down 6.29%), Madhav Marbles & Granites Ltd.(down 4.61%), Pokarna Ltd.(down 2.05%), Oriental Trimex Ltd.(down 2.00%), Lexus Granito(India)Ltd.(down 1.34%), Coal India Ltd.(down 0.72%), The Orissa Minerals Development Company Ltd.(down 0.40%) and Ashapura Minechem Ltd.(down 0.34%) were among the top losers of the day.

Tata Power, Adani Power and Reliance Power. India’s installed power capacity as of May 2023 was about 418 GW. Of this, the overall capacity of fossil-based power plants was about 237 GW, with the share of coal at 205 GW.

Rajshree Sugars & Chemicals Ltd.(up 2.30%), Kothari Sugars & Chemicals Ltd.(up 1.75%), Bannari Amman Sugars Ltd.(up 0.78%), Triveni Engineering & Industries Ltd.(up 0.34%), Mawana Sugars Ltd.(up 0.27%), EID Parry(India)Ltd.(up 0.22%) and Uttam Sugar Mills Ltd.(up 0.08%) stood among the top gainers. DCM Shriram Industries Ltd.(down 2.47%), Ponni Sugars(Erode)Ltd.(down 1.53%), Simbhaoli Sugars Ltd.(down 1.39%), Avadh Sugar & Energy Ltd.(down 1.27%), KCP Sugar & Industries Corporation Ltd.(down 0.97%), Magadh Sugar & Energy Ltd.(down 0.94%), Bajaj Hindusthan Sugar Ltd.(down 0.90%), Balrampur Chini Mills Ltd.(down 0.84%), Dalmia Bharat Sugar and Industries Ltd.(down 0.38%) and Dhampur Sugar Mills Ltd.(down 0.38%) were among the top losers of the day.

Rajshree Sugars & Chemicals Ltd.(up 1.94%), Ponni Sugars(Erode)Ltd.(up 1.23%), Simbhaoli Sugars Ltd.(up 1.23%), Kothari Sugars & Chemicals Ltd.(up 1.01%), Magadh Sugar & Energy Ltd.(up 0.52%), Mawana Sugars Ltd.(up 0.48%), Avadh Sugar & Energy Ltd.(up 0.48%), EID Parry(India)Ltd.(up 0.33%), Vishwaraj Sugar Industries Ltd.(up 0.30%) and Dwarikesh Sugar Industries Ltd.(up 0.24%) were among the top gainers. DCM Shriram Industries Ltd.(down 1.12%), Uttam Sugar Mills Ltd.(down 1.06%), Dalmia Bharat Sugar and Industries Ltd.(down 0.71%), Balrampur Chini Mills Ltd.(down 0.54%), Bajaj Hindusthan Sugar Ltd.(down 0.36%), Bannari Amman Sugars Ltd.(down 0.21%), Dhampur Sugar Mills Ltd.(down 0.19%), Sakthi Sugars Ltd.(down 0.18%) and Triveni Engineering & Industries Ltd.(down 0.14%) were among the top losers.

Aro Granite Industries Ltd.(up 3.10%), Oriental Trimex Ltd.(up 1.50%), KIOCL Ltd.(up 1.33%), Coal India Ltd.(up 1.31%), Pokarna Ltd.(up 0.83%), NMDC Ltd.(up 0.62%) and 20 Microns Ltd.(up 0.32%) were among the top gainers. Gujarat Mineral Development Corporation Ltd.(down 1.90%), Madhav Marbles & Granites Ltd.(down 1.86%), Lexus Granito(India)Ltd.(down 1.04%), Ashapura Minechem Ltd.(down 0.41%), The Orissa Minerals Development Company Ltd.(down 0.35%), Sandur Manganese & Iron Ores Ltd.(down 0.03%) and MOIL Ltd.(down 0.02%) were among the top losers.

Sikko Industries Ltd.(up 4.97%), Zuari Agro Chemicals Ltd.(up 3.17%), Southern Petrochemicals Industries Corporation Ltd.(up 2.57%), Rashtriya Chemicals & Fertilizers Ltd.(up 2.30%), Nagarjuna Fertilizers and Chemicals Ltd.(up 2.24%), National Fertilizers Ltd.(up 1.40%), Madras Fertilizers Ltd.(up 1.29%), Agro Phos India Ltd.(up 1.27%), Mangalore Chemicals & Fertilizers Ltd.(up 1.19%) and Gujarat State Fertilizer & Chemicals Ltd.(up 1.13%) were among the top gainers. Bohra Industries Ltd.(down 1.90%), Aries Agro Ltd.(down 0.49%) and Rama Phosphates Ltd.(down 0.32%) were among the top losers.

Nakoda Group Of Industries Ltd.(up 3.26%), Godrej Consumer Products Ltd.(up 1.91%), Jyothy Labs Ltd.(up 1.40%), Umang Dairies Ltd.(up 1.13%), JHS Svendgaard Laboratories Ltd.(up 0.97%), Euro India Fresh Foods Ltd.(up 0.86%), Sheetal Cool Products Ltd.(up 0.82%), Vadilal Industries Ltd.(up 0.78%), Dabur India Ltd.(up 0.68%) and Mrs. Bectors Food Specialities Ltd.(up 0.63%) were among the top gainers.

Sandur Manganese & Iron Ores Ltd.(up 2.64%), Lexus Granito(India)Ltd.(up 1.99%), Ashapura Minechem Ltd.(up 0.66%), MOIL Ltd.(up 0.62%), Gujarat Mineral Development Corporation Ltd.(up 0.35%), Aro Granite Industries Ltd.(up 0.34%) and The Orissa Minerals Development Company Ltd.(up 0.34%) stood among the top gainers. Madhav Marbles & Granites Ltd.(down 3.96%), NMDC Ltd.(down 3.05%), KIOCL Ltd.(down 2.97%), Oriental Trimex Ltd.(down 1.95%), Coal India Ltd.(down 0.85%), Pokarna Ltd.(down 0.27%) and 20 Microns Ltd.(down 0.08%) were among the top losers of the day.

DCM Shriram Industries Ltd.(up 9.98%), EID Parry(India)Ltd.(up 1.94%), Mawana Sugars Ltd.(up 0.62%), Bajaj Hindusthan Sugar Ltd.(up 0.53%), Ugar Sugar Works Ltd.(up 0.42%), Dalmia Bharat Sugar and Industries Ltd.(up 0.38%), Vishwaraj Sugar Industries Ltd.(up 0.29%), Dwarikesh Sugar Industries Ltd.(up 0.23%), Rana Sugars Ltd.(up 0.21%) and Shree Renuka Sugars Ltd.(up 0.21%) were among the top gainers. Rajshree Sugars & Chemicals Ltd.(down 1.02%), Uttam Sugar Mills Ltd.(down 0.69%), Bannari Amman Sugars Ltd.(down 0.69%), Magadh Sugar & Energy Ltd.(down 0.68%), Kothari Sugars & Chemicals Ltd.(down 0.63%), Simbhaoli Sugars Ltd.(down 0.34%), Avadh Sugar & Energy Ltd.(down 0.18%), Triveni Engineering & Industries Ltd.(down 0.10%), Ponni Sugars(Erode)Ltd.(down 0.03%) and Balrampur Chini Mills Ltd.(down 0.02%) were among the top losers.

Madhav Marbles & Granites Ltd.(up 20.00%), Gujarat Mineral Development Corporation Ltd.(up 2.93%), Aro Granite Industries Ltd.(up 1.17%), NMDC Ltd.(up 1.09%), MOIL Ltd.(up 1.06%), Sandur Manganese & Iron Ores Ltd.(up 0.96%), The Orissa Minerals Development Company Ltd.(up 0.89%), Ashapura Minechem Ltd.(up 0.69%), Coal India Ltd.(up 0.53%) and 20 Microns Ltd.(up 0.45%) were among the top gainers. Oriental Trimex Ltd.(down 1.44%), Lexus Granito(India)Ltd.(down 0.11%), KIOCL Ltd.(down 0.09%) and Pokarna Ltd.(down 0.01%) were among the top losers.