![]() ![]() India lost 57% of its value in the decade through 2020, while Of the eight years of growth the Nifty saw in the lastĭecade, Coal India and NTPC outperformed it just once each. ![]() The ESG discount," JPMorgan said in an August note on Coalīoth companies were long seen as dividend stocks. Higher over the last two years, highlighting the dialing-down of "Foreign shareholding in the company has steadily moved Mellon Investments and Charles Schwab figure among Coal India's Sachs and Nippon Life, Vanguard and Blackrock, while Fidelity, NTPC investors include the asset management units of Goldman Tougher global environmental, social and governance (ESG) norms Still, with a price to earnings ratio of 7.63, Coal India isĬheaper than major Chinese peers, and NTPC is undervalued,Ĭompared with many Chinese and American counterparts.įoreign funds have been boosting their stakes, despite U.S.-based Duke Energy and American Electric Power Rose, but less than the Indian companies.Īmong coal-fired power generators, South Korea's KEPCO, Shares of China Shenhua and China Coal Energy Indonesia's Adaro Energy, Australia's Whitehaven CoalĪnd U.S.-based Peabody plummeted this year. That shareholders buy more of the two stocks or retain theirīy comparison, shares of coal miners elsewhere, such as To cheap capital to extend the rally, with most recommending Third straight year as the addition of renewables slows, givingĪnalysts expect their efforts to boost efficiency and access Reliance on the fuel for power generation is set to rise for a While shares of Coal India are up 55% for their best year inĪlready the most coal-dependent major economy, India's NTPC, which produces mostly coal-fired power, has surgedħ8%, far ahead of a gain of 17% in the broader Nifty Index, Power generator NTPC Ltd, state giants investors onceĭismissed as plodding dinosaurs, but which are now outperforming SINGAPORE, Dec 14 (Reuters) - Booming demand for IndianĬoal is driving up the shares of miner Coal India and ![]()
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