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ALL INDIA INSTALLED CAPACITY

ALL INDIA INSTALLED CAPACITY

Tuesday, September 28, 2010

Coal India IPO assigned Grade 5

Coal India Ltd (CIL) has been assigned IPO Grade 5 by Credit Analysis and Research (CARE) Ratings, said a press release from the rating agency. An IPO Grade 5 evaluation signifies strong fundamentals in a company.
According to CARE, the rationale behind assigning Grade 5 to CIL has been its dominance in the Indian coal industry, where it contributes to 82 per cent of the total coal production in India. CIL has a total turnover of Rs 39,077 crore and is one of the low cost producers of coal, which gives it an edge over imported coal.
However, changes in pricing regulations, delays in obtaining clearances from the forest department and delay in receipt of regulatory approvals pose a serious threat to CIL's operations, observed CARE.

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