Tuesday, 25 April 2017

Coal India's sales outlook remains positive despite muted demand

Despite muted demand from consumers, the downgrading of mines and challenges from the renewable energy sector, the sales outlook of Coal India, the country's largest miner, for 2017-18 looks positive with an expected growth of around 4-6 percent, analysts and stakeholders say. They also hold the miner, now contributing 84 percent of the country's coal production, is better placed to meet the summer demand that is likely to pick up along with power demand.

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