Tag Archives: Coal India

Coal Resources in India: Are they enough to power our growth?

Economic growth of a nation critically depends on availability of energy, and coal is the main source of energy in India. Some key facts about our coal resources are given below-

  • India has the world’s third largest coal reserves in world
  • The assessed resources of coal stand at 298 billion tonnes which are expected to last for about 102 years at current rate of use
  • About 65% of our electricity is generated by coal
  • The majority of coal produced is consumed by the power sector–over 75%
  • India’s largest coal producer Coal India produced over 557 million tonnes in 2012-13, but still it imported about 80 million tonnes as it could not produce enough
  • To increase production a number of new projects are planned to be taken up in PSU coal companies and a number of coal blocks are being allocated to various private and government companies
  • With a view to infuse competition in the coal sector it has been proposed to take up the exercise of restructuring of Coal India Limited

For more research updates please visit:- http://www.rrfinance.in

Comments Off on Coal Resources in India: Are they enough to power our growth?

Filed under Commodity News, Currency Update, Debt News, Equity Market, Finance, World News

IT shares decline after weak TCS outlook!

Key benchmark indices provisionally settled almost unchanged for the day ahead of commentary about monetary policy from the US Federal Reserve later in the global day. The barometer index, the S&P BSE Sensex, closed at 21832.86 and 0.25 point up, off close to 62 points from the day’s high and up about 48 points from the day’s low. The market breadth, indicating the overall health of the market was positive.TCS-Minneapolis-center-L

Who Moved and Why

  • SBBJ vaults as board to consider interim dividend.
  • PSU OMCs gain after diesel under-recovery declines.
  • Volumes jump at Rasoi counter.
  • Coal India slips in volatile trade after bulk deal.
  • Polaris surges 21.57% in two days as board approves demerger of products biz.
  • JSW Steel gains after good production figures.
  • Ashok Leyland gains after reducing stake in IndusInd Bank.
  • IT shares decline after weak TCS outlook.

Read detail analysis report here:- http://rrfinance.com/Reserch/Pdf/07-July/DMR/19th_March_equity_closing_update.pdf

Comments Off on IT shares decline after weak TCS outlook!

Filed under Finance