County Coal Financial News

Subscribe to enjoy similar stories. After facing persistent selling pressure in the past sessions, the Indian stock markets staged a strong recovery on Thursday, 6 March, bringing much-needed relief to investors. The benchmark indices closed on a positive note, signalling renewed optimism and a shift in sentiment.

The NSE Nifty index was trading 80.41 points up at 22417.7, while BSE Sensex was up 238.93 points at 73969.16 at the time of writing this report.

Gujarat Mineral Development Corporation Ltd.(up 4.73%), Sandur Manganese & Iron Ores Ltd.(up 4.09%), Pokarna Ltd.(up 4.06%), The Orissa Minerals Development Company Ltd.(up 3.05%), KIOCL Ltd.(up 2.87%), MOIL Ltd.(up 2.73%), 20 Microns Ltd.(up 2.44%), Coal India Ltd.(up 2.10%), Aro Granite Industries Ltd.(up 1.83%) and NMDC Ltd.(up 1.41%) were among the top gainers.

Domestic benchmark index NSE Nifty gained 73.46 points to 22410.75, while the BSE Sensex traded 195.4 points up at 73925.63.

KIOCL Ltd.(up 3.93%), Pokarna Ltd.(up 3.27%), Gujarat Mineral Development Corporation Ltd.(up 3.11%), 20 Microns Ltd.(up 3.08%), Madhav Marbles & Granites Ltd.(up 2.24%), The Orissa Minerals Development Company Ltd.(up 1.86%), Sandur Manganese & Iron Ores Ltd.(up 1.81%), Aro Granite Industries Ltd.(up 1.58%), MOIL Ltd.(up 1.57%) and Ashapura Minechem Ltd.(up 0.93%) were among the top gainers.

Benchmark NSE Nifty closed 5.41 points down at 22119.3 amid selling in frontline bluechip counters.

Subscribe to enjoy similar stories. On Friday, the market started the day on a weak note with a gap-down opening, immediately setting a bearish tone. Nifty breached the critical psychological support of 22,500, triggering heavy selling pressure that persisted throughout the session.

Coal India Limited on Sunday said that non-power sector (NPS) consumers will not have to pay the coal value worth ten days of supply as financial coverage for the dry fuel received via rail transport. «With the waiver of financial coverage, CIL takes an important step towards reducing transactional complexities and fostering an environment that encourages smooth and efficient business operations,» the PSU said in a statement. The latest decision is one more step in Coal India Ltd's ongoing efforts to streamline operations under the broader ease of doing business initiative, the company said. «This also helps to reduce the financial burden for NPS consumers and improve their cash liquidity,» Coal India Ltd (CIL) noted.

Coal India arm NCL will soon commence its Rs 24,000-crore rehabilitation and resettlement (R&R) project to relocate from Morwa township in Madhya Pradesh's Singrauli, a top company official said on Sunday. The relocation, under the 'Singrauli Punarasthapan' project, will involve shifting around 50,000 people and 22,500 houses from the township spread across 927 hectares. Singrauli sits atop around 600 million tonnes of mineable coal. «This is a huge project estimated at Rs 24,000 crore. We are in the advanced stages of negotiations with all four residents' associations regarding benefits and relaxations in documentation requirements. The good thing is that people have agreed to relocate,» Northern Coalfields Ltd (NCL) Chairman and Managing Director B Sairam told PTI. The township's relocation was necessitated as NCL's Jayant coal mine is expanding and expected to come within 500 metres of the residential area in the next two years, which would hinder mining operations, he said.

NSE 500 stocks are cheaper than their pre-Covid valuations, as measured by price-to-earnings (PE) and price-to-book (P/B) ratios. Following the sharp market correction since October 1, several blue-chip companies are 10-60% below March 2020 levels by these key metrics. They include HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India (SBI), Hindustan Unilever (HUL), Bajaj Finance, Kotak Mahindra Bank, Maruti Suzuki, Axis Bank, Bajaj Finserv, Avenue Supermarts, Coal India and Asian Paints. For banks, the valuation is derived from the price-to-book. When PE and PB ratios are higher than long-term averages, a company is perceived to be more expensively valued and vice versa.

The NSE Nifty index traded 5.21 points up at 22558.55, while BSE Sensex was up 147.19 points at 74601.6 as of 11:27AM(IST)on February 25.

The NSE Nifty index was trading 18.56 points up at 22571.9, while BSE Sensex was up 188.64 points at 74643.05 at the time of writing this report.

Domestic benchmark index NSE Nifty gained 20.81 points to 22574.15, while the BSE Sensex traded 189.73 points up at 74644.14.

The NSE Nifty index traded 223.31 points down at 22572.6, while BSE Sensex was down 744.81 points at 74566.25 as of 11:18AM(IST)on February 24.

Manappuram Finance shares will be in focus on Monday as talks between the company and American private equity major Bain Capital reach the final stage. Bain is expected to acquire a significant portion of the promoter stake in India’s second-largest gold loan provider, sources said. The promoter group, led by Managing Director and CEO Nandakumar VP, currently owns 35.25% of Manappuram, which has a market capitalization of Rs 17,000 crore, based on its closing share price of Rs 200.85 on the BSE on Friday.

Coal India will establish a joint venture with an arm of France's EDF to build renewable power plants in South Asian countries, it said on Sunday.

Ugar Sugar Works Ltd.(up 2.62%), KCP Sugar & Industries Corporation Ltd.(up 1.57%), Ponni Sugars(Erode)Ltd.(up 1.47%), Uttam Sugar Mills Ltd.(up 0.77%), Triveni Engineering & Industries Ltd.(up 0.58%), Rana Sugars Ltd.(up 0.56%), Balrampur Chini Mills Ltd.(up 0.56%) and Magadh Sugar & Energy Ltd.(up 0.08%) stood among the top gainers.

Lexus Granito(India)Ltd.(up 2.35%), 20 Microns Ltd.(up 1.34%), The Orissa Minerals Development Company Ltd.(up 0.69%), Aro Granite Industries Ltd.(up 0.68%) and Pokarna Ltd.(up 0.54%) were among the top gainers.

Indowind Energy Ltd.(up 8.69%), GMR Power and Urban Infra Ltd.(up 8.28%), Ravindra Energy Ltd.(up 7.93%), Suzlon Energy Ltd.(up 6.52%), Orient Green Power Company Ltd.(up 5.47%), Jaiprakash Power Ventures Ltd.(up 5.06%), KPI Green Energy Ltd.(up 5.00%), ACME Solar Holdings Ltd.(up 5.00%), Transformers & Rectifiers(India)Ltd.(up 5.00%) and Inox Wind Ltd.(up 4.65%) were among the top gainers.

Parag Parikh Flexi Cap Fund, the largest flexi-cap mutual fund based on assets under management, has added around 31.28 lakh shares of HDFC Bank to its portfolio, making it 8.11% of the total assets, with a total of 4.28 crore shares as of January 31, 2025.

coal ministry is ready to meet 906 million tonnes (MT) of anticipated coal demand for the power sector in 2025-26, a senior government official said on Friday.