Improved offtake from power sector crucial for driving Coal India s volumes
Coal India has committed significant capex for pushing up production. Photo: BloombergPremium
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Coal India Ltd, which had seen some uptick in sales volumes during the last few months, has failed to impress the Street with its December sales numbers. Sales volumes declined 2.1% year-on-year, albeit on a high base.
The power sector demand revival holds key for driving sales, say analysts. Coal India under Fuel Supply Agreements (FSA) supplies most of its produce to thermal plant capacities.
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