Tag Archives: Coal

Australian PM Malcolm Turnbull backs Adani’s coal mine project in Queensland

Speaking at a business forum in Sydney, Australian PM Malcolm Turnbull said: ‘This is a project that has gone through extensive environmental permitting both at the state level and federal level, mostly state.’ Photo: Bloomberg Melbourne: Australian Prime Minister Malcolm Turnbull on Wednesday strongly supported Indian energy giant Adani’s controversial $16.5 billion coal mine in Queensland, saying the project has gone ... Read More »

High Imported Coal Price May Hit Power Sector: Report

New Delhi: The rise in imported coal prices is likely to have a negative impact on the power sector value chain as higher rates create “volume and profitability pressures” on discoms that are not able to pass on fuel cost increase to end-consumers due to “political intervention”. “The 60 per cent rise in imported coal prices between April-October 2016 is ... Read More »

Coal India Slips As Buyback Offer Disappoints Market

Shares of Coal India fell as much as 2.36 per cent to hit intraday low of Rs. 313.30 after the state-run miner’s buyback offer disappointed the Street. Coal India aftermarket hours yesterday had announced that its board has approved share buyback of 1.72 per cent of shares at a price of Rs. 335 per share. The proposed buyback will cost ... Read More »

Accumulate Cadila Healthcare; Buy Coal India: Pradip Hotchandani

Pradip Hotchandani, head of research at Prudent Broking Services, expects the Nifty to rise to 8,655. He advised investors to go long on Nifty, with stop loss at 8,400. Stock Talk BHEL: The stock faces resistance around Rs 147. If this resistance is taken out on good volumes, BHEL can go up to Rs 180-190. Investors holding the stock should ... Read More »