State-run Coal India might invest up to Rs 40,000 crore in the 12th Plan period ending 2017 towards development of mines for augmenting production. Against the investment target of Rs 35,000 crore during the 11th Plan period, CIL might end the five-year period with an actual investment of less than Rs 25,000 crore. There were a lot of bottlenecks because of which the company could not move ahead with its entire investment proposals in the 11th Plan period. CIL has set a production target of 556 million tonne by 2016-17 against the country’s projected demand of 965 million tonnes in the terminal year of the 12th Plan period.
Overall, country’s coal production, including by captive miners, is likely to be 700 million tonne by 2016-17. Overseas coal assets acquisition programme of the company was not moving ahead as was expected and hence, the focus of the company in the next Plan period would be on developing mines within the country. CIL had earlier announced that it planned to put up 20 new washeries with a combined capacity of 111.1 MT. It has 17 such washeries now. Meanwhile, the 452 million tonne production target of the company for current fiscal would be met despite lower production till September, compared to the same period last year, because of excessive rains.
| Company Name | CMP |
|---|---|
| Coal India | 380.85 |
| NMDC | 69.30 |
| GMDC | 326.50 |
| MOIL | 328.70 |
| Sandur Manganese | 406.00 |
| View more.. | |
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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.
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