Coal India (CIL), the world's largest coal miner plans to make a provision of Rs 2,500 crore this fiscal year for a likely wage increase. Wage negotiations are currently underway but the company will make a provision in the remaining three quarters of the year.
Recently, Coal India is eyeing at one acquisition each in Indonesia, Australia and the US. The likely size of each deal will be below Rs 1,000 crore, around $223.5 million and the company for this fiscal year has set aside Rs 6,000 crore for acquisitions. Presently, Coal India has been in advanced talks with Indonesia's Golden Energy Mines to buy stake in its assets in a deal that could be worth as much as $1 billion.
| Company Name | CMP |
|---|---|
| Coal India | 438.70 |
| NMDC | 89.78 |
| GMDC | 733.40 |
| Sandur Manganese | 218.35 |
| MOIL | 327.60 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: