Q2-FY24 · P. M. Prasad
In October month alone, 33% coal-based power growth is there.
Coalindia · tone and specificity signals across the available quarters.
Language signals
In October month alone, 33% coal-based power growth is there.
Next 6 to 7 years, absolute, there is no issue, but rather, I will say it is up to 2040 also.
By next year, we will be phasing out [MSTC].
We are kept at target. Another 39 days to go. 780 million tons is our target and we are all set to go.
The premiums have started now actually getting away from the linkage with the imported coal prices.
We are trying to pursue with all the agencies, whether it is NTPC, DVC. We are in continuous touch and we want to relay also.
We are expecting a growth of around 20% or so in this FY as compared to last year.
If we see the historical premiums of Coal India Limited, then normally they have hovered around 35%-40% when the spot markets were there.
The entire coal is going to come and eat into Coal India's share because that is how the mines have been auctioned.