{"id":345769,"date":"2020-04-07T11:32:35","date_gmt":"2020-04-07T06:02:35","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=345769"},"modified":"2020-04-07T11:32:35","modified_gmt":"2020-04-07T06:02:35","slug":"analyst-corner-coal-india-rating-buy-dispatches-fell-by-10-3-y-o-y-in-march","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/analyst-corner-coal-india-rating-buy-dispatches-fell-by-10-3-y-o-y-in-march\/","title":{"rendered":"Analyst Corner: Coal India rating \u2013 \u2018buy\u2019; dispatches fell by 10.3% y-o-y in March"},"content":{"rendered":"<p>Coal India\u2019s (COAL\u2019s) dispatches fell by10.3% y-o-y to 53.5mt in Mar\u201920 due to a sharp fall in demand from the power sector. On the other hand, production was up 6.5% y-o-y at 84.4mt led by growth in its key subs (SECL: +22%; MCL+6%). For FY20, dispatches were down 4% y-o-y at 582mt, while production declined by ~1% y-o-y to 602mt.<\/p>\n<p>Lower power demand to impact dispatches amid inventory buildup<br \/>\nIndia\u2019s nation-wide lockdown comes at a time when (i) power demand has largely remained muted (11MFY20: 1.5% y-o-y ) and (ii) production at COAL\u2019s mines has been ramped up following a heavy monsoon season. Accordingly, inventories at both coal mines and power plants have risen \u2013 a general trend at the onset of summer, but higher than usual.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Coal India\u2019s (COAL\u2019s) dispatches fell by10.3% y-o-y to 53.5mt in Mar\u201920 due to a sharp fall in demand from the power sector. On the other hand, production was up 6.5% y-o-y at 84.4mt led by growth in its key subs (SECL: +22%; MCL+6%). For FY20, dispatches were down 4% y-o-y at 582mt, while production declined by ~1% y-o-y to 602mt. Lower power demand to impact dispatches amid inventory buildup India\u2019s nation-wide lockdown comes at a time when (i) power demand has largely remained muted (11MFY20: 1.5% y-o-y ) and (ii) production at COAL\u2019s mines has been ramped up following a [&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-345769","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\/345769","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=345769"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/345769\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=345769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=345769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=345769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}