{"id":340212,"date":"2020-03-03T12:19:10","date_gmt":"2020-03-03T06:49:10","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=340212"},"modified":"2020-03-03T12:19:10","modified_gmt":"2020-03-03T06:49:10","slug":"coal-india-rating-buy-excellent-performance-continued-in-february","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/coal-india-rating-buy-excellent-performance-continued-in-february\/","title":{"rendered":"Coal India Rating Buy: Excellent performance continued in February"},"content":{"rendered":"<p>Coal India (CIL) has posted yet another month of excellent performance in Feb\u201920, continuing its surge from Dec\u201919 onwards. Production for Feb\u201920 increased 14.2% y-o-y to 66.3mnte, clocking an average of ~2.3mnte\/day. This boosted the 11MFY20 production figure, which is now lower by only 1.9% y-o-y at 517.8mnte, a significant improvement from Nov\u201919 when it was lower by 7.8% y-o-y. Performance of the three largest subsidiaries and increased offtake from the power sector continue to be the key factors behind the improvement.<\/p>\n<p>We reiterate our production estimate of 600mnte for FY20e, backed by our expectation of a repeat performance in Mar\u201920, as clocked during Mar\u201919 (average production of 2.55mnte\/day). We maintain our Buy rating on the stock with a target price of Rs 319\/share.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coal India (CIL) has posted yet another month of excellent performance in Feb\u201920, continuing its surge from Dec\u201919 onwards. Production for Feb\u201920 increased 14.2% y-o-y to 66.3mnte, clocking an average of ~2.3mnte\/day. This boosted the 11MFY20 production figure, which is now lower by only 1.9% y-o-y at 517.8mnte, a significant improvement from Nov\u201919 when it was lower by 7.8% y-o-y. Performance of the three largest subsidiaries and increased offtake from the power sector continue to be the key factors behind the improvement. We reiterate our production estimate of 600mnte for FY20e, backed by our expectation of a repeat performance in [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[198,130,138],"tags":[],"class_list":["post-340212","post","type-post","status-publish","format-standard","hentry","category-coal-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/340212","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=340212"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/340212\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=340212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=340212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=340212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}