Coal India: Present tense, future perfect
Coal India posted a lower than expected net profit which fell by 28% to Rs 2,192 crore for the quarter ended September 2014. The world’s largest producer of coal had posted a profit of Rs 3,052 crore for the same quarter last year.
Ashok Leyland: Demand to pick up in the second half
The first net profit in six quarters and performance beat across parametres saw the Ashok Leyland stock touch its 52-week high on the bourses. The company reported a net profit of Rs 120 crore in the September quarter as against a loss of Rs 25 crore in the year ago quarter.
Coal India signs 161 fuel supply pacts with power plants
The Coal Ministry has said that state-owned CIL has signed 161 fuel supply agreements (FSAs) for a capacity of 73,675 MW.The ministry added that there are 43 LoAs which are not covered within the 78,000 mw projects. Of this, 25 projects with a a capacity of 19,635 mw have already achieved their milestones.
Fund raising via debt placement falls 34% to Rs 38,000 cr in Oct
Fund mobilisation by Indian firms through private placement of corporate debt securities or bonds plunged by 34 per cent to just over Rs 38,000 crore in October.In debt private placements, firms issue debt securities or bonds to institutional investors to raise capital.
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