COALINDIA.NSE Coal India Limited

With the global markets on a rebound mode post the US Fed Policy announcement, Shah, of SBI Securities, feels Nifty could continue consolidating between 22,280 on the downside and 22,800 levels on the upside in the coming week.

Kothari, DVP, who has around 15 years of work experience in technical research, is bullish on Balrampur Chini Mills and DCM Shriram for the coming week.

Coal India has set a target to produce 838 million tons (MT) of coal in the financial year 2024-25, of which 661 MT will be supplied to the power sector alone

India is stepping up coal-fired generation capacity as peak electricity demand is likely to touch 256.5 GW in 2024 from a record 243 GW in 2023. Government officials expect electricity demand to surge to a high of 384 GW in 2031-2032.

Coal India Limited (CIL) has set a target to produce 838 million tons (MT) of coal in the financial year 2024-25, of which 661 MT will be supplied to the power sector alone, the state-owned company's chairman and managing director (CMD) PM Prasad had said in February.

Emkay Global, which initiated coverage on the stock on March 26 with a buy call, stated that Coal India is embarking on a multi-year value-creation journey with volume growth, strong margins, and free cash generation.