Many Indian investors who track the market’s moneymakers behave like adoring fans of their idols. The major names, the blue chips with their impressive profits, are implicitly trusted. Recently, when researching the most profitable companies in India, I discovered something. This list included companies like Colgate-Palmolive (India) Ltd., Nestle India, Hindustan Unilever Ltd., and Tata Consultancy Services. However, one unexpected item drew my interest—especially because it’s in the sunset industry. Over the years, the demand for coal, which was formerly the foundation of India’s energy industry, has rapidly declined due to a combination of economic, environmental, and technological factors.
About the Company – Coal India
Coal mining firm Coal India Ltd. is situated in India. The company operates in 83 mining areas spanning eight states in India through its subsidiaries. There are 322 mines owned by the company, comprising 138 underground, 171 opencast, and 13 mixed mines. In addition, it oversees many additional facilities, including hospitals and workshops. The company operates 76 Vocational Training Centers and 21 Training Institutes. Indian Institute of Coal Management (IICM), a corporate training center in India, is run by the company. Multidisciplinary programs are run by IICM. Eastern Coalfields Limited, Bharat Coking Coal Limited, Central Coalfields Limited, Western Coalfields Limited, South Eastern Coalfields Limited, Northern Coalfields Limited, Mahanadi Coalfields Limited etc.
What is the future of Coal India share?
The average objective for Coal India Ltd. is 554.52. The consensus forecast shows a 15.80% increase from the previous price of 478.85. See 21 publications with long-term price goals for Coal India Ltd. from 9 analysts.
Conclusion
A PSU in the sunset industry is up against the finest when it comes to the crucial ROCE metric. Considering all the difficulties caused by global warming, it makes sense that Coal India’s stock is almost at an all-time high. Among big businesses, it also provides one of the highest dividend yields.
