Coal India - Price Increase To Boost Earnings: Centrum Broking
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Centrum Broking Report
Coal India Ltd. is back on the growth path after a subdued FY21.
The shortage of coal globally amid supply crunch and higher demand might have put environment concerns on the back burner for the time being.
The recovery in demand and surge in international thermal coal prices (up three times in one year) would drive domestic price increase in both e-auction and fuel supply agreement coal.
Besides, due to seasonality, coal volume too would continue to rise in H2 FY22.
This would help Coal India to offset increase in employee cost (wage revision for non-executives with-effect-from July 2021).
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