AI-generated · cited to primary sources · not investment advice
Coal India (533278) Nov 2023 Filing Analysis
Does management do what it says?
Management stated they are on track to supply more than the 610 million ton requirement for the power sector in FY24. (1 exceeded, 1 met across 2 tracked commitments)
“In power plant, we are supposed to give 610 million. We are quite sure that we will be committing and we will be fulfilling 610 million.”
E-auction volumes reached 17% in the first half of February 2024, aligning with the 15% target for the second half of the year. (2 met, 1 exceeded across 3 tracked commitments)
“15% of production, you can say, roughly.”
Management confirmed there is currently no proposal to increase FSA coal prices, maintaining the status quo since the last revision in 2018. (1 met across 1 tracked commitment)
“But for power sector, we are not going to touch in the next 1 year.”
Manpower as of Jan 1, 2024, stood at 2,31,058 compared to 2,41,563 a year prior, representing a reduction of approximately 4.35%, aligning with the ~5% annual target. (5 met across 5 tracked commitments)
“So there is a target of increasing from this 25 million tons to 100 million tons by 2030.”
Management confirmed they are on track to achieve the INR 16,500 crore capex target for FY24, having already achieved INR 5,702 crores in the last quarter. (1 met, 2 in progress, 1 exceeded across 4 tracked commitments)
“So capex as a whole for Coal India, it is INR16,500 crores.”
See the full cited Management analysis of Coal India
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