County Coal Financial News

MOIL Ltd.(up 2.81%), Oriental Trimex Ltd.(up 1.95%), Sandur Manganese & Iron Ores Ltd.(up 1.74%), Pokarna Ltd.(up 1.65%), Ashapura Minechem Ltd.(up 1.12%), KIOCL Ltd.(up 1.05%), The Orissa Minerals Development Company Ltd.(up 0.87%), NMDC Ltd.(up 0.51%), Madhav Marbles & Granites Ltd.(up 0.38%) and Gujarat Mineral Development Corporation Ltd.(up 0.35%) were among the top gainers.

Domestic benchmark index NSE Nifty fell 196.81 points to 24078.1, while the BSE Sensex traded 689.69 points down at 79544.39.

Adani Energy Solutions Ltd.(up 10.00%), Adani Green Energy Ltd.(up 10.00%), Adani Power Ltd.(up 9.55%), Inox Wind Ltd.(up 5.28%), Reliance Power Ltd.(up 4.99%), Ravindra Energy Ltd.(up 4.69%), Jaiprakash Power Ventures Ltd.(up 4.15%), Jyoti Structures Ltd.(up 4.09%), KPI Green Energy Ltd.(up 3.89%) and Gujarat Industries Power Company Ltd.(up 3.04%) were among the top gainers.

Benchmark NSE Nifty index fell 57.5 points to 24217.4 amid selling in frontline bluechip stocks.

Adani Power Ltd.(up 19.52%), Adani Energy Solutions Ltd.(up 10.00%), Adani Green Energy Ltd.(up 10.00%), Jaiprakash Power Ventures Ltd.(up 6.90%), Gujarat Industries Power Company Ltd.(up 5.27%), GMR Power and Urban Infra Ltd.(up 5.00%), Ravindra Energy Ltd.(up 5.00%), Jyoti Structures Ltd.(up 5.00%), Reliance Power Ltd.(up 4.99%) and Indowind Energy Ltd.(up 4.98%) stood among the top gainers.

Adani Wilmar Ltd.(up 8.37%), LT Foods Ltd.(up 5.29%), JHS Svendgaard Laboratories Ltd.(up 4.96%), Bikaji Foods International Ltd.(up 3.82%), Marico Ltd.(up 3.43%), Zydus Wellness Ltd.(up 2.82%), Euro India Fresh Foods Ltd.(up 2.72%), Hindustan Foods Ltd.(up 2.52%), Colgate-Palmolive(India)Ltd.(up 2.20%) and Heritage Foods Ltd.(up 2.14%) stood among the top gainers.

Ashapura Minechem Ltd.(up 5.58%), Madhav Marbles & Granites Ltd.(up 2.43%), KIOCL Ltd.(up 2.33%), Oriental Trimex Ltd.(up 1.99%), Sandur Manganese & Iron Ores Ltd.(up 1.64%), MOIL Ltd.(up 1.47%), Gujarat Mineral Development Corporation Ltd.(up 1.37%), Coal India Ltd.(up 1.32%), Pokarna Ltd.(up 1.01%) and The Orissa Minerals Development Company Ltd.(up 0.71%) were among the top gainers.

Adani Energy Solutions Ltd.(up 5.11%), GMR Power and Urban Infra Ltd.(up 5.00%), Adani Power Ltd.(up 4.44%), Ravindra Energy Ltd.(up 4.39%), Gujarat Industries Power Company Ltd.(up 4.17%), Energy Development Company Ltd.(up 4.03%), Jyoti Structures Ltd.(up 3.59%), Indowind Energy Ltd.(up 3.31%), Reliance Power Ltd.(up 3.01%) and Jaiprakash Power Ventures Ltd.(up 2.71%) were among the top gainers.

PSU stocks and D-Street experts see this momentum to continue in the run-up to next year's Union Budget. While valuations still remain a concern for many, the road ahead is likely to be stock specific, they say, arguing that the recent correction is offering pockets of opportunities to make entry in the state-run company stocks. An analysis of the 59-stock BSE PSU index reveals 39 stocks that have witnessed a decline since June 4, the day when the general election results were announced. In this, 30 have fallen in double digits. The worst losers are Bharat Dynamics, Cochin Shipyard, Ircon International, Mangalore Refinery And Petrochemicals (MRPL), falling between 39% and 20% as on November 22 (a day before the announcement of Maharashtra assembly election results).

Dalmia Bharat Sugar and Industries Ltd.(up 2.54%), Ugar Sugar Works Ltd.(up 2.07%), Shree Renuka Sugars Ltd.(up 2.07%), Kothari Sugars & Chemicals Ltd.(up 2.02%), Bajaj Hindusthan Sugar Ltd.(up 1.98%), Dwarikesh Sugar Industries Ltd.(up 1.98%), Uttam Sugar Mills Ltd.(up 1.94%), Triveni Engineering & Industries Ltd.(up 1.82%), Avadh Sugar & Energy Ltd.(up 1.79%) and Dhampur Sugar Mills Ltd.(up 1.66%) were among the top gainers.

Zydus Wellness Ltd.(up 4.95%), Gopal Snacks Ltd.(up 4.43%), Tasty Bite Eatables Ltd.(up 4.30%), Bajaj Consumer Care Ltd.(up 3.08%), Adani Wilmar Ltd.(up 2.35%), Honasa Consumer Ltd.(up 2.01%), ADF Foods Ltd.(up 2.01%), Parag Milk Foods Ltd.(up 1.47%), Varun Beverages Ltd.(up 1.33%) and Hatsun Agro Products Ltd.(up 1.32%) stood among the top gainers.

Lexus Granito(India)Ltd.(up 6.12%), Ashapura Minechem Ltd.(up 6.00%), Sandur Manganese & Iron Ores Ltd.(up 2.95%), Oriental Trimex Ltd.(up 1.94%), Pokarna Ltd.(up 0.81%), Coal India Ltd.(up 0.71%), The Orissa Minerals Development Company Ltd.(up 0.38%) and Gujarat Mineral Development Corporation Ltd.(up 0.31%) stood among the top gainers.

The NSE Nifty index traded 37.4 points down at 24161.95, while BSE Sensex was 75.13 points at 79466.66 as of 11:00AM(IST)on November 08.

Subscribe to enjoy similar stories. Hero MotoCorp Ltd and Coal India Ltd are emerging as contenders to be the title sponsor of the revived Hockey India League (HIL), with Hockey India setting its eyes on a sponsorship payout of at least ₹30-75 crore or ₹10-15 crore per year. The league in its 2.0 avatar is looking to ink deals for three-five years from various sponsorship deals, multiple sources familiar with the discussions told Mint.

Benchmark NSE Nifty closed 217.96 points up at 24213.3 amid buying in frontline bluechip counters.

KIOCL Ltd.(up 4.92%), Lexus Granito(India)Ltd.(up 4.66%), NMDC Ltd.(up 3.64%), Ashapura Minechem Ltd.(up 2.58%), MOIL Ltd.(up 2.33%), Madhav Marbles & Granites Ltd.(up 2.16%), The Orissa Minerals Development Company Ltd.(up 1.73%), Gujarat Mineral Development Corporation Ltd.(up 1.65%), Sandur Manganese & Iron Ores Ltd.(up 1.41%) and Pokarna Ltd.(up 0.97%) stood among the top gainers.

CIL's priorities should be to ramp up production of coal and scale up supplies to reduce imports, Union Minister G Kishan Reddy has said. Coal India Ltd (CIL) accounts for over 80 per cent of domestic coal output. Speaking at CIL's 50th Foundation Day on Sunday, the minister stressed upon the importance of miners' welfare and the rehabilitation of communities affected by mine closures. «Contractual workers play a significant role in Coal India's output, and I applaud the management's decision to implement Performance Linked Incentives for them, effective FY 2023-24,» he was quoted as saying in a coal ministry statement. The launch of commercial coal mining has led to transparency, ease of doing business and investment opportunities, helping open the coal sector.

Coal India aims to eliminate Rs 2,200 crore in accumulated losses at its subsidiary, Eastern Coalfields Ltd (ECL), and to rejoin the dividend list by FY 2025-26, a top official said on Sunday. At the foundation day event, Coal India chairman P M Prasad said Bharat Coking Coal Ltd, another previously loss-making subsidiary, has already re-entered the dividend list. He expressed confidence that ECL would achieve similar success by FY 2025-26. Coal India has seven coal-producing subsidiaries. «ECL is performing well and is on track to meet its production target of 54 million tonnes this year. We expect to eliminate two-thirds of its Rs 2,200 crore accumulated losses this fiscal year, with the remaining losses cleared by the following year, allowing it to rejoin the dividend list,» Prasad said. He added that the next few months would present challenges for production due to monsoon impacts on growth.

Coal India Ltd (CIL) has to ramp up production to higher levels in the future, Coal minister G Kishan Reddy said, as the state-owned behemoth entered its 50th year. CIL accounts for over 80 per cent of the domestic coal output. Coal is yet to peak to its full potential in the country, Reddy said, urging CIL to increase production to even higher levels, as per a statement by the coal ministry. Production through domestic sources is important to avoid expensive imports, Reddy said, adding that Coal India has to ramp up production to higher levels in the future.

Vishwaraj Sugar Industries Ltd.(up 3.70%), Ugar Sugar Works Ltd.(up 1.61%), Bajaj Hindusthan Sugar Ltd.(up 1.43%), Shree Renuka Sugars Ltd.(up 1.30%), EID Parry(India)Ltd.(up 1.15%), KM Sugar Mills Ltd.(up 1.09%), Rajshree Sugars & Chemicals Ltd.(up 0.73%), Rana Sugars Ltd.(up 0.58%), Kothari Sugars & Chemicals Ltd.(up 0.30%) and Dwarikesh Sugar Industries Ltd.(up 0.28%) stood among the top gainers.

Aries Agro Ltd.(up 3.53%), Deepak Fertilisers & Petrochemicals Corporation Ltd.(up 3.03%), Mangalore Chemicals & Fertilizers Ltd.(up 2.78%), Paradeep Phosphates Ltd.(up 2.49%), Chambal Fertilisers & Chemicals Ltd.(up 2.09%), Madras Fertilizers Ltd.(up 1.69%), Coromandel International Ltd.(up 1.38%), Rama Phosphates Ltd.(up 1.18%), Nagarjuna Fertilizers and Chemicals Ltd.(up 1.06%) and Zuari Agro Chemicals Ltd.(up 0.68%) stood among the top gainers.