18 Coal India projects get clearances from MoEF - Angel Broking

Media reports suggest that 18 projects of Coal India (CIL) have received clearances from the Ministry of Environment and Forests (MoEF). Out of these 18 projects, 14 projects have received Environmental Clearance (EC) and 4 projects have received stage-I forestry clearances (FC).

The quantity of incremental Coal that can be produced from these mines is not known yet and hence until further clarity emerges on this matter, we maintain our estimates and Accumulate rating on CIL with a target price of Rs. 345

Source : Equity Bulls

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