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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura maintains buy on Coal India
Nomura believes that proposed methodology of auctioning coal linkages for non-regulated sector, wherein the floor price would be Coal India's (CIL) notified coal price for the non-regulated sector, clearly implies that the price discovery mechanism would boost realization of CIL. Nomura's calculations suggest that for FY15, the examine price of linkage coal for non-regulated sector was at a 20-25 per cent discount to the ex-port CIF price of 4000GCV Indonesian coal.