Coal accounts for 30% of all energy in the world behind oil a 35% and the dependence of coal is increasing at a faster rate than oil, mainly because of the growing economies of China and India. In India, Coal accounts for 51% of our energy while Oil is at 30%. And of this 80% of coal comes from coal India.Can you think of any other company in any other field which can come close to the importance of Coal India.I cant.
One negative which hasnt been talked about is the FPO. Which the Govt will surely consider when it has to raise money, considering the fact that Govt. still holds 90% and the huge intrest shown at the time of listing. But when the FPO hits will be the only question, if one is holding it as an investment for many years.
PS: I hold the stock for investment.
One negative which hasnt been talked about is the FPO. Which the Govt will surely consider when it has to raise money, considering the fact that Govt. still holds 90% and the huge intrest shown at the time of listing. But when the FPO hits will be the only question, if one is holding it as an investment for many years.
PS: I hold the stock for investment.