The Adaro Blog
Why Analysts Remain Positive on Coal India Despite Earnings Miss
November 21, 2015, 1:55 pm
Coal India shares outperformed on Wednesday, rising nearly 1 per cent to Rs 335 against over 1 per cent drop in the broader Nifty. Coal India has seen consistent buying over the last two weeks, despite weakness in the broader markets. A number of brokerages continue to be optimistic about Coal...
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Solar short of modi’s target seen cutting coal’s market in India
November 18, 2015, 1:59 pm
New Delhi: The steadily declining cost of solar panels will cut in on coal’s dominance in the electricity industry in India as photovoltaic installations surge to reach Prime Minister Narendra Modi’s target, KPMG said.
The consulting firm estimated the cost of solar generation may...
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No end to coal despite deal at climate summit
November 16, 2015, 1:41 pm
IT IS tempting to take the champagne-fuelled view that the historic global climate agreement reached in Paris signals the death of coal, but even if the dirty fuel is terminal, it will be a long, lingering demise before the final hacking cough.
This is simply because coal is, and will remain for...
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EU to urge rich nations to cut coal subsidies
November 13, 2015, 2:00 pm
European Union negotiators will push other rich countries next week for a robust deal to phase out subsidies for exports of technology used to build coal-burning power plants, EU sources said.
Upcoming talks at a Paris meeting of the Organization for Economic Cooperation and Development (OECD)...
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China offers bonus to coal power plants to meet emissions rules
November 8, 2015, 1:45 pm
Getting China’s cash-strapped coal-fired power industry to comply with tough emissions rules and tackle choking smog that has recently blanketed the capital and other major cities will take incentives as well as fines.
In a change in tack after years of fining rule-breaking firms, the...
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Glencore Says It Is Cutting Debt Faster Than Expected
November 4, 2015, 2:02 pm
LONDON— Glencore PLC is cutting its net debt faster than expected and its trading arm is on track to meet earnings expectations this year, the Swiss commodities giant said Wednesday.
The company aims to cut $10 billion in net debt by the end of 2016. Analysts said those plans seem to be...
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Coal Exports Drop on Low Prices
October 30, 2015, 2:31 pm
The nation’s coal exports significantly dropped in the first nine months of the year as coal companies continued to suffer from low prices in addition to becoming increasingly dependent on the domestic market.
Figures from the Energy and Mineral Resources Ministry’s directorate...
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