{"id":294937,"date":"2019-10-04T11:27:47","date_gmt":"2019-10-04T05:57:47","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=294937"},"modified":"2019-10-04T11:27:47","modified_gmt":"2019-10-04T05:57:47","slug":"declining-production-may-weigh-heavily-on-coal-india-stock-price","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/declining-production-may-weigh-heavily-on-coal-india-stock-price\/","title":{"rendered":"Declining production may weigh heavily on Coal India stock price"},"content":{"rendered":"<p>Shares of Coal India Ltd fell by 3.4% on Thursday after the company reported a poor set of production numbers. Production shrank 23% in September, hampered by floods and rains. That has continued to keep a lid on its stock price, despite what appears to be an inexpensive valuation.<\/p>\n<p>Overall, in the April-September 2019 period, Coal India\u2019s production slumped 6% to 241 million tonnes. Analysts had pencilled in a target of 650-660 million tonnes for FY20. That means the coal miner needs to produce 410-420 million tonnes in the next six months to catch up, which clearly looks like a stretch.<\/p>\n<p>Another worry for the company is the fall in coal prices in the international markets. The ICE Coal Futures price has dipped by 35% in the past one year to $62.5 per tonne. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Coal India Ltd fell by 3.4% on Thursday after the company reported a poor set of production numbers. Production shrank 23% in September, hampered by floods and rains. That has continued to keep a lid on its stock price, despite what appears to be an inexpensive valuation. Overall, in the April-September 2019 period, Coal India\u2019s production slumped 6% to 241 million tonnes. Analysts had pencilled in a target of 650-660 million tonnes for FY20. That means the coal miner needs to produce 410-420 million tonnes in the next six months to catch up, which clearly looks like a [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[190,139,130],"tags":[],"class_list":["post-294937","post","type-post","status-publish","format-standard","hentry","category-coal-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/294937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=294937"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/294937\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=294937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=294937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=294937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}