CCEA says no to price pooling of coal - Angel Broking

The Cabinet Committee on Economic Affairs (CCEA) denied to the proposal of price pooling of imported and domestic coal which would have made the fuel more affordable to new power plants. Owing to sharp opposition to the scheme by older power plants and domestic coal producers, CCEA in its meeting denied to this proposal.

We had not factored in Price pooling for Coal India and hence maintain our Accumulate rating on the stock with a target price of Rs. 345.

Source : Equity Bulls

Keywords