After dull FY17, Coal India set to shine in FY18

Coal India’s FY17 volumes were not something to write home about. Against a target of 598 million tonnes (mt) during FY17, it delivered only 543.16 mt, about nine per cent lower than the target, and grew just 1.6 per cent over FY16 volumes. However, this is due to sales getting impacted by the destocking at power plants during the first seven months of FY17. However, after October, sales have caught pace as demand from the power sector has improved. The volumes, which had remained flat during the April-October period, have grown five-six per cent in the November-April. Financial Astrology Tips