Coalindia Rating

Coalindia Rating 

IIFL ON COAL INDIA : 27.05.2021

• Maintain BUY, Target at Rs 184/share
• CIL focused on OBR in FY21
• Even as production remained flat due to Covid
• Contractual mining fell 4% YoY in FY21
* Capex for CIL doubled YoY
• E-auction volumes see growth, but premiums remain subdued

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