Coal India Share Price Target 2022, 2023, 2024, 2025, and 2030

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Coal India share price target 2022, 2022, 2023, 2024, 2025, and 2030: In this article, you will learn about Coal India share price target 2022, 2023, 2024, 2025, and 2030, along with the fundamentals and financials of the company.

For every investor, it is important to know about the company in which they are investing, to get the confidence to hold the stock for the long term. To make it clear for you, in this article we have mentioned Coal India share price target 2022, 2023, 2024, 2025, and 2030, along with the fundamentals of the company.

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Coal India: Company Profile

Coal India Limited (CIL) the state owned coal mining corporate came into being in November 1975. With a modest production of 79 Million Tonnes (MTs) at the year of its inception Coal India today is the single largest coal producer in the world and one of the largest corporate employer with manpower of 272445 (as on 1st April, 2020).

Coal India functions through its subsidiaries in 84 mining areas spread over eight (8) states of India. Coal India Limited has 352 mines (as on 1st April, 2020) of which 158 are underground, 174 opencast and 20 mixed mines. Coal India further operates 12 coal washeries, (10 coking coal and 2 non-coking coal) and also manages other establishments like workshops, hospitals, and so on.

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Coal India share price target 2022, 2023, 2024, 2025, and 2030

Coal India Share Price Target 2022

Coal India Produces around 83% of India’s overall coal production in India where approximately 57% of primary commercial energy is coal dependent, Coal India alone meets to the tune of 40% of primary commercial energy requirement.

The share of coal is expected to remain high at 48-54% till 2040 and accounts for 76% of total thermal power generating capacity of the Utility sector. Supplies coal at prices discounted to international prices and insulates Indian coal consumers against price volatility. Makes the end user industry globally competitive and plays a key role in “Make in India” and making India incorporate globally competitive.

There are 107 ongoing Mining projects having annual capacity of 625.91 MT which have contributed 295.37 MT in the year 2019-20. Other than this, there are 141 completed mining projects having annual capacity of 300.12 MT. Forty-Nine (49) new future projects, with a targeted capacity of 485.84 MTs have been identified in FY 2019-20 to augment coal production of Coal India to 1 billion tonnes by FY 2023-24.

Of the country’s total power generation of 1378.525 Billion Units (BU) during 2020-21, including renewable energy sources, coal based generation was 950.751 BU which is around 69% highlighting coal’s importance. Additionally, coal continues to stoke many non-power industries as well viz. cement, fertilizers, sponge iron, aluminium and a host of other industries. The world over many countries are moving away from coal but the Indian context is different.

In India, what makes coal a preferred energy fuel is its abundance, availability and affordability. Till alternative energy sources start making significant contribution, there is no replacement for coal as the country’s irreplaceable prime energy source. By considering all the above factors, Coal India share price target for 2022 is Rs 182.

Coal India share price target 2022
Rs 182

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Coal India Share Price Target 2023

Coal India Limited will switch over to mechanized coal transportation through piped conveyor belts in its large mines by 2023-24 replacing the existing road transport of coal.

The company has already started the process for the same. Thirty five (35) coal projects each having production capacity of 4 Million Tonnes per annum and above have been identified for the purpose. This move promotes environment safety and prevents possible coal pilferage. It will also lead to mechanized loading of coal which will have benefits like crushing, sizing of coal, quicker and quality pre weighed coal loading.

Coal India is committed to play a major role in achieving the Nation’s energy security. Based on the demand projection in ‘Vision 2024’ for coal sector in the country and subsequent demand projection on Coal India, a roadmap has been prepared wherein Coal India has envisioned 1 Billion Tonne (Bt) production in the year 2023-24 to meet the coal demand of the country. To achieve this target, Coal India has identified major projects and assessed other related issues. Coal India share price target for 2023 is Rs 193.

Coal India share price target 2023
Rs 198

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Coal India Share Price Target 2024

Coal is the most important and abundant fossil fuel in India which accounts for 55% of country’s energy needs. However, the significance of coal varies across the world with Asia leading the consumption, both in absolute terms and as a proportion of total primary energy consumption.

In Asia, China and India are the two key coal producers and consumers. Going forward, while various estimates predict fall in share of coal in the energy basket, none has predicted a complete substitution. In Indian context, this seems more unlikely unless there is paradigm shift in nuclear and/ or renewable energy generation sources and storage technologies (both in terms of capacity and prices). Coal India share price target for 2024 is Rs 221.

Coal India share price target 2024
Rs 221

Also read: NHPC share price target.

Coal India Share Price Target 2025

Coal India is implementing 35 FMC Projects for eliminating road transportation of coal in mines having capacity of 4 Mty and above. This entails capacity creation of mechanized conveyor system and computerized loading system (SILOs) in such a way that, wharf wall loading by pay loaders is eliminated by year 2023-24 (FY 24). This shall provide various benefits including but not limited to savings in diesel costs, demurrage charges and transportation charges, health benefits etc.

35 FMC projects with 414.5 Mty capacity, with an awarded value of Rs 10500 Crores. has been identified for implementation. Three projects of 30 MTA capacity viz. Kusmunda PH-I (10MTPA), Lingaraj (16 MTPA) and Krishnashila (4 MTPA) had been commissioned. 8 Projects of 107 MTPA are under construction and LOA/WO has been issued for 22 FMC Projects of 258 MTPA. NIT for 2 projects of 19.5 MTPA capacity were floated.

Coal India is also exploring opportunities to diversify into ‘coal to chemical’ business (CTL, SCG etc.). This is to ensure greater value addition and thereby improving financial performance of the company, and ensuring long term sustenance.

Coal India has planned a capital investment of Rs 17,000 Crs for maintaining its volume growth in 2021-22 and beyond. In addition, the company has also envisaged for investing substantial amount in different schemes in 2021-22 such as development of railway infrastructure project, solar power, Thermal Power Plants, surface coal gasification, Coal Bed Methane (CBM), revival of fertilizer plants etc. Coal India share price target fpr 2025 is Rs 254.

Coal India share price target 2025
Rs 254

Also read: NBCC share price target.

Coal India Share Price Target 2030

Coal remains the predominant indigenous energy sources in the country. The energy security of the country and its prosperity are integrally linked to efficient and effective use of this abundant, affordable and dependent fuel, coal. The dependability on coal may be gauged by the fact that about 55% of India’s installed power capacity is coal-based. Coal India produces around 83% of India’s overall coal production in India and meets to the tune of 40% of primary commercial energy requirement.

As India aims to increase its power generation capacity in coming years, a significant portion of the capacity is expected to come from coal itself. As of now the share of coal in overall energy mix is expected to remain high at 48-54% even beyond 2030. In spite of the penetration of the renewables, the demand for coal shall remain strong though its share (%) in the energy mix may reduce. In terms of availability, coal is the most abundant fossil fuel available in India.

The geological resources of coal in India are in excess of 344 Billion Tonnes. At the current rate of production, the reserves are adequate to meet the demand for multiple centuries to follow. Government of India envisages to provide access to clean, cheap and sustainable electricity to the entire population. Though the proportion of non-coal sources, particularly renewables, has increased over the last few years, yet coal shall remain the dominant fuel source for electricity generation in India in near future as well. By considering all the above factors, Coal India share price target for 2030 is Rs 580.

Coal India share price target 2030
Rs 580

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Coal India Share Price Target 2022, 2023, 2024, 2025, and 2030 Table

YearCoal India Share Price Target
Coal India share price target 2022Rs 182
Coal India share price target 2023Rs 198
Coal India share price target 2024Rs 221
Coal India share price target 2025Rs 254
Coal India share price target 2030Rs 580

Frequently Asked Questions

Is Coal India a good stock to buy?

Yes, Coal India is a good stock to buy. The company also gives consistent dividends. Coal India has been maintaining a healthy ROE of 65% over the past 3 years, ROCE of 66% over the past 3 years, and Coal India is a debt-free company.

What is Coal India future?

Coal India is committed to play a major role in the future on achieving the Nation’s energy security. Based on the demand projection in ‘Vision 2024’ for coal sector in the country and subsequent demand projection on Coal India, a roadmap has been prepared wherein Coal India has envisioned 1 Billion Tonne (Bt) production in the year 2023-24 to meet the coal demand of the country.

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