Coal India Likely To Foray Into LSE

Coal India, world's largest coal miner, is considering getting listed on London Stock Exchange (LSE) according to an international news agency. The proposal to get listed is at a nascent stage and development comes ahead of NTPC's listing of masala bonds at LSE and Singapore Stock Exchange in May.

Coal India accounts for about 80% of coal production domestically. The company aims at producing 1 billion tonnes of production by 2020. There is a capital expenditure outlined by the company to the tune of Rs 8,500 crore in the ongoing fiscal.

Coal India fell short of its production target of 43.58 million tonnes (MT) and produced 38.44 MT. Coal India is down by almost 6% on YTD basis and over one year period is trading flat.

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