#coal_india
Coal India’s OFS subscribed over 8 times on Day 1
Coal India’s Offer for Sale saw over 8x subscription on Day 1, prompting the government to activate the green shoe option.
Coal India shares drop 6% after OFS launch. Buy the dip or wait? Here’s what technical indicators suggest
Coal India shares fell over 6% after the government announced a Rs 5,000 crore offer for sale at a 10% discount to the previous closing price. Analysts said the stock’s near-term trend has turned cautious, with key support levels around Rs 428–430 and resista…
Coal India plans syngas projects near gas-based power, DRI and fertilizer units as gas supply tightens
State-owned Coal India plans to set up coal-to-syngas production units either at pithead locations or adjacent to user industries such as fertiliser units, direct-reduced iron and gas-based power plants amid disruption in gas supplies due to the West Asia con…