As per the news in Money control, Government is looking to double the Coal production by 2030 and beyond.
Peak electricity demand is rising at about 10% to 15% in India and that puts Coal India in good position to increase its mining capacity and also its revenues by 2030. Coal will continue to contribute about 50% in electricity generation till about 2040.
Stock price which was undervalued 2 years back below 200, seems to be fairly valued as of now but there could be further growth going forward.
Disclosure: Invested mainly for Dividend Yield.
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