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Alok Shukla led a successful community campaign that saved 445,000 acres of biodiversity-rich forests from 21 planned coal mines in Chhattisgarh | Latest News India
Coal mining was first cleared under BJP govt, and stalled for a long time till Rajasthan CM met his Congress counterpart in Chhattisgarh in 2022 and tree felling renewed; now the shoe is on the other foot
The Union minister said sunset for the coal industry is a long way off given the rising demand for energy from a growing economy. He confirmed that the government has decided to offer a 50 percent discount on revenue share for underground mining in commercial coal mines and also for coal gasification.
And the good news is that experts believe the rally is still not over.
Coal India shares at at 7 times FY2026 earnings per share (EPS) are attractively valued and the stock offers a high dividend yield of 8-9 per cent, said Sharekhan.