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Gautam Adani's coal business is likely to feel the heat

Analysts are also sceptical of the company's mining and trading targets for the year 2020

Amritha Pillay  |  Mumbai 

The government’s aim of reducing coal import and improving domestic production could upset the plan of Adani Enterprises, one of the country’s largest importers of the fuel. Some early signs are already showing. Analysts are also sceptical of the company’s mining and trading targets for the year 2020. Part of the Adani Group’s ‘Year 2020’ vision is to achieve a mining and trading volume of 200 million tonnes by then. These were set when the government had not declared an intention to cut import and Coal India, the state-owned ...

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Gautam Adani's coal business is likely to feel the heat

Analysts are also sceptical of the company's mining and trading targets for the year 2020

The government's aim of reducing coal import and improving domestic production could pinch the plan of Adani Enterprises, one of the country's largest importers of the fuel.Some early signs are already showing. Analysts are also sceptical of the company's mining and trading targets for the year 2020.Part of the Adani Group's 'Year 2020' vision is to achieve a mining and trading volume of 200 million tonnes by then. These were set when the government had not declared an intention to cut import and Coal India, the state-owned near-monopolistic producer in the country, was lagging.There has since been a change, with a ramp-up of volumes at Coal India, in turn reducing the country's import. India is expected to import 160.2 million tonnes (mt) in the current financial year (April 2016-March 2017), down 20 per cent from a year before.According to data in the company's presentations and annual reports, its coal trading volume for 2015-2016 was 78 mt. The management expects 80 mt this ... The government’s aim of reducing coal import and improving domestic production could upset the plan of Adani Enterprises, one of the country’s largest importers of the fuel. Some early signs are already showing. Analysts are also sceptical of the company’s mining and trading targets for the year 2020. Part of the Adani Group’s ‘Year 2020’ vision is to achieve a mining and trading volume of 200 million tonnes by then. These were set when the government had not declared an intention to cut import and Coal India, the state-owned ... image
Business Standard
177 22

Gautam Adani's coal business is likely to feel the heat

Analysts are also sceptical of the company's mining and trading targets for the year 2020

The government’s aim of reducing coal import and improving domestic production could upset the plan of Adani Enterprises, one of the country’s largest importers of the fuel. Some early signs are already showing. Analysts are also sceptical of the company’s mining and trading targets for the year 2020. Part of the Adani Group’s ‘Year 2020’ vision is to achieve a mining and trading volume of 200 million tonnes by then. These were set when the government had not declared an intention to cut import and Coal India, the state-owned ...

image
Business Standard
177 22