Monday, 22 Aug 2011 |CNBC-TV18
Coal India the world's biggest coal miner by output, has become India's most valued company after overtaking big daddy Reliance Industries in terms of market capitalization. Its stock touched an intraday high of INR 397.65 and an intraday low of INR 387.50.
Mr NC Jha chairman of Coal India feels delighted to hear that the company has become the most valuable company in India. Speaking to CNBC-TV18’s, Mr Jha said that the company aims to liquidate 25 million tonne coal going forward.
Q - It is a special day for investors in Coal India because that is your stock, your company or its share has become the top market cap company today it beats Reliance which held that position for so long now. What can you tell your investors in terms of growth prospects at this juncture? What kind of Coal off take you can do this year and what kind of profit growth do you see in FY12?
A - I am also delighted to hear that our company has become the most valuable company in India.
As I had promised right from the beginning that this is the year of off take for Coal India and we have a plan to dispatch 454 million tonne of coal during this year compared to 424 million tonne that we did last year. Additional off take of 30 million tonne would mean a lot of revenues.
Coal India the world's biggest coal miner by output, has become India's most valued company after overtaking big daddy Reliance Industries in terms of market capitalization. Its stock touched an intraday high of INR 397.65 and an intraday low of INR 387.50.
Mr NC Jha chairman of Coal India feels delighted to hear that the company has become the most valuable company in India. Speaking to CNBC-TV18’s, Mr Jha said that the company aims to liquidate 25 million tonne coal going forward.
Q - It is a special day for investors in Coal India because that is your stock, your company or its share has become the top market cap company today it beats Reliance which held that position for so long now. What can you tell your investors in terms of growth prospects at this juncture? What kind of Coal off take you can do this year and what kind of profit growth do you see in FY12?
A - I am also delighted to hear that our company has become the most valuable company in India.
As I had promised right from the beginning that this is the year of off take for Coal India and we have a plan to dispatch 454 million tonne of coal during this year compared to 424 million tonne that we did last year. Additional off take of 30 million tonne would mean a lot of revenues.
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