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Coal India offers 14MT coal under special e-auction

State-owned Coal India   has offered 14 million tonnes of fossil fuel under special e-auction to both power and non-power sectors in order to facilitate liquidation of pit-head stock, Parliament was informed. "To facilitate liquidation of pit head coal stock, CIL has offered 10 MT (million tonnes) and 4 MT of coal under special e-auction to power sector and non-power sector consumers respectively, in line with directions of government,"

Coal and Power Minister Piyush Goyal informed the Lok Sabha in a written reply. He further said that supply of thermal coal to power sector by Coal India (CIL) was 385.61 MT against a target of 405 MT in the last fiscal. During April-January 2015-16, supply to power plants by CIL was 337.01 MT (provisional) against the target of 352.29 MT. CIL, he said, is able to meet the current demand and thermal power plants have comfortable coal stock position of 36 MT equivalent of 24 days requirement as on February 2.

"As on February 1, 2016, the coal stock was 42.25 MT compared to 39.05 (provisional) MT as on February 1, 2015. Thus there is an increase of 3.2 MT of coal stock. The quantum of unsold coal lying with CIL as on February 1, 2016 is 42.25 MT (Prov)," he said. Coal India stock price On March 04, 2016, at 13:11 hrs Coal India was quoting at Rs 321.05, up Rs 6.25, or 1.99 percent. The 52-week high of the share was Rs 447.25 and the 52-week low was Rs 286.90.

The company's trailing 12-month (TTM) EPS was at Rs 19.03 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 16.87. The latest book value of the company is Rs 26.49 per share. At current value, the price-to-book value of the company is 12.12.
Source: Moneycontrol