Coal India - Evacuation Charge Hike To Benefit: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Coal India Ltd. has subsumed rapid loading charges (Rs 29/tonne) with evacuation charges (Rs 50/tonne) and hiked both to a standard rate of Rs 60/tonne with-effect-from August 01, 2021. This hike will result in an increment of more than Rs 8.5 billion per annum in earnings. While we increase our earnings per share estimates for both FY22E/FY23E, incorporating the increased charges, we reduce our offtake volume estimates by 5 million tonne for each year, due to heavy rains in the eastern part of India. In four months FY22, production/offtake at 166.6 million tonne/210.8 million tonne was up 5.2%/28.4% YoY. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Coal India - Evacuation Charge Hike To Benefit: ICICI Securities

Coal India - Evacuation Charge Hike To Benefit: ICICI Securities

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