Power Minister Piyush Goyal says revenue maximsation alone can't be the driver at possible coal block auctions after the SC verdict and that the government is not making a case for any block.
As the date for the Supreme Court's decision in the coal allocation case draws near , power minister Piyush Goyal says they will not interfere with court's decision, but makes it clear that they are not making a case for exemption for any player
On e-auction, he says that the government is very clear that one company's profits can't be more important than the greater good and a cut in Coal India 's e-auction volumes is almost a done deal.
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Coal India stock price
On September 08, 2014, at 09:25 hrs Coal India was quoting at Rs 370.65, down Rs 0.6, or 0.16 percent. The 52-week high of the share was Rs 423.50 and the 52-week low was Rs 240.50.
The company's trailing 12-month (TTM) EPS was at Rs 20.04 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 18.5. The latest book value of the company is Rs 26.04 per share. At current value, the price-to-book value of the company is 14.23.
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