COAL & MINESINDUSTRY NEWS

Indian cos may take a hit as BlackRock moves away from coal-based firms

The world’s largest asset manager BlackRock’s announcement that it will pull out its investments in companies that get 25 per cent of their revenues from thermal coal production, besides making no future direct investment in such firms, could shrink the bouquet of investors for players like NTPC, the Adani group and Coal India (CIL).

“We are in the process of removing from our discretionary active investment portfolios the public securities (both debt and equity) of companies that generate more than 25 per cent of their revenues from thermal coal production, which we …

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Business Standard
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