16 October 2010

Coal India IPO details by Karvy,

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·         Coal India Is the largest coal producing company in the world with raw coal production of 431.26mn tons in fiscal 2010. The company operates 471 mines in 21 major coalfields across eight states in India, including 163 open cast mines, 273 underground mines and 35 mixed mines (which include both open cast and underground mines).
·         Its customers include large thermal power generation companies, steel and cement producers and other industrial companies in the public and private sector with many of whom it has long-standing relationships.
·         Coal India is expanding its raw coal production capacities. As of March 31, 2010, 45 projects (comprising 22 capacity expansion projects for existing mines and 23 new mine projects) had received relevant investment approval.
·         Coal India is the largest coal producing company in the world. Its raw coal production increased from 343.39mn tons in fiscal 2006 to 431.26mn tons in fiscal 2010.
·         Coal India is well positioned to capitalize on the high demand for coal in India, particularly in the thermal power, iron and steel, cement and other manufacturing and industrial sectors.
·         Coal India intend to focus on increased production from its underground mines, including large reserves below 300 meters depth, by deploying advanced production equipment and technologies. The company has also identified and proposes to re-work mining operations at 18 underground mines that were abandoned in the past.

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