Motilal Oswal: Coal India - Volumes Rise As Power Demand Recovers; Valuations Looks Attractive
A freight train laden with coal stands on the tracks in Paradeep, India. (Photographer: Dhiraj Singh/Bloomberg)

Motilal Oswal: Coal India - Volumes Rise As Power Demand Recovers; Valuations Looks Attractive

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.

Motilal Oswal Report

Coal India Ltd. reported an 8% YoY increase in dispatches at 51.3 million tonne for November. This marked the fourth straight month of YoY growth highlighted by continued recovery in power demand.

As per initial data from Power System Operation Corporation Ltd., India’s power demand and coal-based generation have risen 3.5% and 5.2% YoY respectively.

Year-to-date FY21, Coal India’s off-take is now down just approximately 2% YoY (H1 FY21: down 8% YoY).

With continued recovery in power demand, we conservatively raise our FY21 off-take estimates to 580 million tonne (flat YoY) versus 565 million tonne earlier (down 3% YoY).

Click on the attachment to read the full report:

Motilal Oswal Coal India Company Update.pdf

DISCLAIMER

This 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 brokerage 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.