financetom
Business
financetom
/
Business
/
Expect good growth during FY19, says Coal India
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Expect good growth during FY19, says Coal India
May 30, 2018 2:15 AM

Coal India posted a mixed bag this quarter with a lot of one-offs. The street is awaiting a lot of clarity from the management. Samiran Dutta, chief manager - finance at Coal India shared his views and readings.

“Production and offtake both registered good growth and this Q4 was the best in last few years. Fiscal 2019 we have already registered a growth in production of around 16 percent and in offtake of around 13 percent. Expect a good growth during fiscal 2019,” he said.

“We have a target of around 630 million tonne for the current fiscal as well as we have started fiscal 2019 with 55 million tonne of inventory so that puts us in a position of around 650 plus supply that we can make. So that should be able to supply more to power during the year, which we are planning also,” he added.

First Published:May 30, 2018 11:15 AM IST

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Market Chatter: CoreWeave in Talks to Acquire Core Scientific
Market Chatter: CoreWeave in Talks to Acquire Core Scientific
Jun 26, 2025
12:35 PM EDT, 06/26/2025 (MT Newswires) -- CoreWeave ( CRWV ) is in talks to buy Core Scientific ( CORZ ) , The Wall Street Journal reported Thursday, citing people familiar with the matter. A deal could be finalized in the coming week if talks don't hit any setbacks, the people reportedly said. CoreWeave ( CRWV ) and Core Scientific...
CoreWeave in talks to buy Core Scientific, WSJ reports
CoreWeave in talks to buy Core Scientific, WSJ reports
Jun 26, 2025
June 26 (Reuters) - CoreWeave ( CRWV ) is in talks to buy Core Scientific ( CORZ ) and a transaction could be finalized in the coming weeks, the Wall Street Journal reported on Thursday, citing people familiar with the matter. ...
Cyngn Shares Jump on Nvidia Partnership; Plans $15 Million Stock Offering
Cyngn Shares Jump on Nvidia Partnership; Plans $15 Million Stock Offering
Jun 26, 2025
12:33 PM EDT, 06/26/2025 (MT Newswires) -- Cyngn ( CYN ) shares jumped more than 345% in recent Thursday trading after the company said it is partnering with Nvidia (NVDA) on autonomous vehicle solutions for industrial applications. Cyngn ( CYN ) said its autonomous vehicles built on Nvidia Isaac are already operating in commercial environments. Separately, the company said it...
Copyright 2023-2026 - www.financetom.com All Rights Reserved