Coal India’s production and sales volume in the September quarter declined – both YoY and sequentially – due to the extended monsoon.
Though this was offset by higher realisation from sales per unit, lack of clarity on core operational and regulatory issues still persists. And over-dependence on e-auction sales to drive the total earnings is not sustainable in the long term.
Coal India grapples with problems of operational clarity & over-dependency on e-auction
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