COAL INDIA FEBRUARY REPORT
Ukraine increases steel production despite loss of coking coal mine
Ukraine continues to grow steel production in early 2025 despite the suspension of its key coking coal mine in Pokrovsk due to security concerns. Raw steel output increased by 9.9% in January-February 2025, but the reliance on imports for coking coal may raise production costs.
Indian corporates need Rs 120 lakh cr debt by FY30 for Capex and working capital: Crisil
Corporate India will need Rs 115-125 lakh crore in debt by FY26-FY30 for capex, working capital, and NBFC financing. Infrastructure will drive capex, accounting for 75% of investment. Despite a growing financing ecosystem, there may be a Rs 10-20 lakh crore funding gap. Strengthening the corporate bond market is crucial to bridging this gap.
India's food inflation likely falls below 5% in Feb for the first time since June 2023: Union Bank of India
India's food inflation likely dropped below 5 per cent in February 2025, a first since June 2023, mainly driven by falling vegetable prices. Overall retail inflation is estimated to have slowed to 3.94 per cent, providing relief to consumers and policymakers.
Electric passenger vehicle retail sales rise 19% in February
Electric passenger vehicle sales in India increased by 19 per cent in February with Tata Motors leading the segment. The two-wheeler segment saw a slight dip while maintaining a significant market share. Sales of electric three-wheelers and commercial vehicles also showed an upward trend.
India's retail inflation may ease to 4.1% in February, food prices remain a concern: BoB Report
India's consumer price inflation (CPI) is projected to decline to 4.1% by February 2025, driven by falling vegetable prices and reduced milk costs. However, risks like higher global edible oil prices, tariff policies, and extreme weather conditions could still elevate food prices. Monitoring temperature impacts on crops and improving logistics may help stabilize prices.
US economy likely generated a solid 160,000 jobs last month, but Trump's trade wars cloud outlook
The US labor market is expected to have added 160,000 jobs in February, despite a clouded outlook due to trade wars and policy changes. The unemployment rate remains low at 4%. Though the employment trend stays positive, future hiring may be hindered by increased tariffs, deportations, and Layoffs. Inflation and Federal Reserve rate decisions also impact the economic outlook.
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Shariah Index: It throws light on the Indian economy and offers many investing lessons, more than the name suggests
Did you know that there are three Shariah law-compliant indices in India? Not surprisingly, these indices do not have companies which have interest as an element of income. Also, they do not have companies from certain sectors. Liquor, for instance. What is not commonly known is that, even if a company's core business is Shariah-compliant, its financial structure must also comply with Shariah rules. And what is surprising is that one of the ratios which Shariah law asks you to look at is the debt-to-asset ratio. But is religion-based investing better than secular investing? Let’s find out.
India's job market witness 41 pc growth in February driven by freshers hiring: Report
India's job market experienced 41% year-on-year growth in February 2025, largely due to increased fresher hiring. Key sectors like IT - Hardware and Software significantly contributed to this growth. Additionally, emerging Tier II cities are becoming important hubs for fresher job opportunities.
India bought Rs 1.5 lakh crore worth of Russian oil since Ukraine war
India, heavily reliant on oil imports, spent approximately Rs 1.5 lakh crore on Russian crude oil following the Ukraine war, lured by significant discounts due to Western sanctions. This shifted India's oil sourcing from the Middle East, leading Russia to become its top supplier. However, recent US sanctions reduced these imports, despite continued significant purchasing.
Month over month hiring in Feb 2025 sees a growth of 10%: Report
India Inc's hiring grew by 10% in February 2025 compared to February 2024, driven by fresher hiring. The shift towards skills-based hiring is evident, with job listings prioritizing competencies over qualifications rising from 4% in 2023 to 14% in 2025. Fresher hiring increased 6% month-over-month, particularly in IT hardware & software.
Buy Coal India, target price Rs 440: ICICI Securities
ICICI Securities recommends buying Coal India with a target price of Rs 440, despite concerns over soft volume growth. The company's recent financial performance shows a consolidated total income of Rs 37,922.98 crore and a net profit of Rs 8,420.23 crore for the quarter ended December 2024. Promoters held a 63.13% stake as of December 2024.
US service sector expands in February; price growth accelerates
U.S. services sector growth increased to 53.5 in February, signaling resilience in domestic demand. Prices for inputs also rose, hinting at potential inflation with new tariffs on imports from Mexico, Canada, and China. This could lead to higher consumer prices and economic bottlenecks. Employment in the services sector also saw an uptick.
US private hiring gains smallest since July as policy jitters loom
Hiring in the US private sector in February fell short of expectations, with only 77,000 jobs added compared to the anticipated 145,000. Factors such as policy uncertainty and a slowdown in consumer spending may have led to reduced hiring, according to ADP. Additionally, recent tariff threats and hikes might also have impacted the job market.
India's steel industry contemplates potential fallout from Trump administration tariffs
U.S. tariffs on steel imports may benefit Indian manufacturers by lowering steel prices, but pose challenges for the domestic steel industry. While some support cheaper steel, concerns about "steel dumping" and environmental impact arise.
India's steel industry contemplates potential fallout from Trump administration tariffs
U.S. President Trump's high trade tariffs on steel imports are expected to benefit small factories in India by making steel cheaper. However, India's steel industry faces challenges including potential steel dumping and concerns about greenhouse gas emissions from coal-based production. Despite the government's investment in cleaner methods, the focus remains on expanding coal-based steel production, impacting long-term export prospects.
Manufacturing activity in February eases to 14-month low
India's manufacturing activity grew at its weakest pace in over a year last month due to cooling demand. However, employment generation rose at a healthy pace, and inflation eased, showing overall positive momentum in the sector. Domestic and international demands waned, but the business outlook remained optimistic.
Indian startups raise $1.65 billion in February; median valuation at $83.2 million
This brings the total funding in FY25 (April-February) to $25.4 billion, spread across 2,200 rounds, according to data from Traxcn. The February figure marks a 19.5% uptick from $1.38 billion in total funding in January 2025.
Hemant Soren-led govt to initiate legal action against centre to realise its 'Rs 1.36 lakh crore dues', says Jharkhand FM
The Jharkhand government plans to take legal action to recover Rs 1.36 lakh crore that it claims is pending with the Centre for coal mined by companies like Coal India Ltd. A joint committee has been set up to assess and verify the outstanding amount, as part of the efforts to resolve the issue.
Coal India sets 788 MT production, 765 MT offtake for FY'25; rules out price cut
Coal India Limited (CIL) expects to produce 788 million tonnes of coal and achieve an offtake of 765 million tonnes for the fiscal year ending March 2025. Production and offtake are expected to grow modestly this year due to improved rake availability after discussions with the Railways.
Coal India shares fall over 3% after decline in February production
Coal India share price: The cumulative coal dispatch during the April-February period rose to 929.41 MT, registering a growth of 5.5% from 880.92 MT produced in the corresponding period of previous year, the ministry said.
Ashok Leyland shares jump 3% after reporting February sales data
Ashok Leyland shares increased by 3.3% as the company reported February 2025 vehicle sales at 15,879 units, a 4% decrease compared to the previous year. Notable figures included a 7% decline in the M&HCV segment and a 1% growth in the LCV segment, with overall sales reaching 17,903 units including exports.
Coal India waives financial coverage charge for non-power sector consumers
Coal India Ltd has waived the requirement for non-power sector consumers to pay financial coverage for ten days' worth of coal supplied via rail transport. This initiative reduces transactional complexities and financial burden, improving cash liquidity and further streamlining coal supply operations in line with the ease of doing business efforts.
Coal India arm NCL hopes to achieve production target of 139 MT for FY25
Northern Coalfields Ltd (NCL), a major Coal India subsidiary, remains on track to meet its production target of 139 million tonnes for the current fiscal, having already produced 128.13 million tonnes by February. Additionally, NCL has launched a significant first aid training program for homemakers to foster a primary-care-conscious community and enhance preparedness.
Coal India's production drops marginally in February
State-owned Coal India Ltd saw a slight 0.9 percent decrease in coal production this February compared to the same month last year. However, production from April to February rose to 695.3 million tonnes, up from 685.1 million tonnes last year. The government aims to sustain this positive momentum through infrastructure development and operational efficiencies.
February 2025 hits record temperatures: What scientists reveal about the causes and consequences
February 2025 experienced unusually warm temperatures, marking the highest average minimum temperature since 2017, with a peak on February 27 of 19.5°C. Low rainfall and clear skies contributed to this warmth, while air quality remained concerning despite slight improvements in AQI.
India sees heat waves in threat to wheat crop, power supply
Following the second-warmest February in a century, the weather department predicts more heat waves and potential impacts on wheat production and electricity demand.
Wall St Week Ahead-Rising investor angst about economy to be tested by US jobs data
Investors are closely watching the U.S. jobs report due on March 7, as concerns about economic health rise due to recent disappointing data. The report is crucial to assessing the impact of policies and trade tensions on employment. The market is cautious, seeking balance between growth and inflation, with further Federal Reserve interest rate cuts anticipated.
Imported coal power plants told to run full capacity till April 30
India has extended the mandate for imported coal-fired power plants to operate at full capacity until the end of April due to high demand for electricity. The power ministry expects electricity demand to rise to 270 GW in the upcoming summer season, driven by high temperatures and heatwaves.
Share market update: Most active stocks of the day in terms of total traded value
The NSE Nifty index was trading 298.5 points down at 22246.55
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