COALINDIA / Q2-FY24 / claim-ledger

Audit the questions that mattered.

Coalindia · Analyst questions, management answers, and the quality of the response where the ledger is available.

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PositiveQ2-FY24 · 2023-11-15Back to quarter ↗

Questions audited

12

Answered directly

75%

Numeric claims

0

Consistency

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Question ledger

What was answered, and how?

Amit Dixit · ICICI Securities

direct

Why is MCL volume flat YTD and what is the outlook?

in MCL, there was a land issue in one of the fields, Basundhara Coal Field. From July 2 to almost July 27, almost 26 days, that field was stopped by villagers... Team MCL and Team Coal India is quite sure that target of 204 million will be assured.

Amit Dixit · ICICI Securities

direct

What is the targeted e-auction volume for H2 and current premium?

15% of production, you can say, roughly. ... It is percentage of premium over 90 notified price, it is 90% at overall, as a Coal India as a whole.

Alok Deora · Motilal Oswal

partial

How do you see e-auction premium moving ahead?

right now it is moving ahead quite well, but it depends on many factors. One is the demand, number two is other international prices, markets, import quantities.

Digant Haria · GreenEdge Wealth

direct

What is driving improved profitability besides e-auction?

In the case of explosives and diesel, we are incurring less cost compared to previous year. ... cost per ton, there is no much increase, rather it is decrease of 1%, cost per ton produced.

Karthik Jain · Whitestone Financial Advisors

evasive

What is the capital infusion plan for solar subsidiaries?

CapEx as a whole, Coal India, it is INR 16,500 crore. But with these two subsidiaries, since in the last 3 years only we have started this solar, we will be going in a phased manner.

Ashish Kejriwal · Nuvama Wealth Management

partial

What is the realistic volume target for FY24 given YTD growth?

Volume target-wise, target is 780 million tons coal production, 780 million tons, dispatch also we are supposed to do. ... we will be achieving our dispatches target also.

Ashish Kejriwal · Nuvama Wealth Management

direct

What is the expected employee cost for this year?

Employee cost about basically 46- ... INR 46,000 crore.

Kirtan Mehta, CFA · BOB Capital Markets

direct

Which subsidiaries need evacuation capacity increase for FY25 target?

Primarily it is the MCL and SECL. In SECL also, we are focusing on both the field, at least there is a need for an increase of 40-50 rakes.

Kirtan Mehta, CFA · BOB Capital Markets

partial

What is the production run rate from MDO operations?

an incremental from this MDOs in 2024-2025, maybe about 20-25 million. But 2025-2026, but for sure it will be around 60 million, 55-60 million.

Bharanidhar Vijayakumar · Spark Capital

direct

What is the split of H1 dispatches between power and non-power?

Total, our H1 offtake is 360 million ton, 360.66. Power sector is 295.36, around 80%. 60 million has gone to non-power.

Amit Dixit · ICICI Securities

direct

Do you expect an FSA price hike soon?

Exactly not right now. It is near future, we are not seeing anything up to the next 7-8 months.

Ashish Kejriwal · Nuvama Wealth Management

partial

What is the total CapEx required to reach 1 billion ton target?

Every year, say, this year, INR 16,500 crore, next year maybe INR 18,000-INR 19,000 crore. ... INR 4,700 crore in this next five years. First Mile only.