Coal India (CIL), world’s largest coal producer, is likely to register mere 4.3% average annual production growth rate during the current five year plan ending in March 2012. This would be the second-lowest growth rate in the last seven Plan periods since the beginning of the Fifth Plan in 1974. CIL has indicated that it would be in a position to supply only 331 million tonne (MT) as against a required 426 MT.
Coal ministry has blamed environment ministry for low production during current fiscal as former is unable to get consent for mining coal blocks already allocated to it. According to environment ministry it has certain areas which are classified as ‘No-Go’ areas and mining in these regions is believed to be destructive for country’s forest reserves. However, in such scenario the companies had requested alternate blocks in the vicinity of power projects but are yet to receive any revert from environment ministry. This delay affects the coal mining and the related power projects, thereby raising the cost.
Ultra Mega Power Projects (UMPP) “power for all”, due to the said issues, has become a distant dream which was expected to complete by 2012. CIL is bound by the Coal Distribution Policy which states priority based allocation. The coal consumers from private sector import coal from Australia and Indonesia. However, Indonesia in view of rise in demand from Indian companies has made recent policy change which mandates all coal exporters to sell coal at market prices; Australia is expected to follow the same or may restrict the exports.
Prime Minister concerned over the low growth rate has scheduled meeting with coal minister Sriprakash Jaiswal and environment minister Jairam Ramesh to discuss the said issue. The review meeting would focus on the progress made in the two sectors so far in the current Plan period and set a course-correction agenda for this year.
| Company Name | CMP |
|---|---|
| Coal India | 386.75 |
| NMDC | 214.25 |
| GMDC | 325.75 |
| MOIL | 328.70 |
| Sandur Manganese | 406.20 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Limited to the first 10 users today!
Practical Stock Investing Hand Book
By - Raymond Moses
Founder of MoneyWorks4Me | Consultant | Trainer | Author | TEDx Speaker
Register & Get Instant Access!Don't miss out! First 10 users today get it FREE
With this 4 hrs Masterclass, you’ll be able to:
Download APP
