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ICICI Securities Report
We hosted Mr. Pramod Agrawal, Chairman and Managing Director, Coal India Ltd. for a session where the management highlighted the company's achievements in the past 45 years and its strategic value for the nation's energy security, while also addressing several issues raised by the investors.
Out of these, five key areas which were addressed included:
Future of coal in India and mutual co-existence with increasing renewable energy capacity;
Company's production capability with a determination to reach 1 billion tonne by FY24;
Capex required to reach the target while simultaneously deploying several measures to control costs and improve efficiency;
Firm and transparent capital allocation and dividend policy;
Endeavour to improve on the environment, social, governance front, with compliance and disclosures as per global standards.
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