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Coal India strengthens on entering into MoU with Indian Railways

24 Dec 2015 Evaluate

Coal India is currently trading at Rs. 325.05, up by 3.25 points or 1.01% from its previous closing of Rs. 321.80 on the BSE.

The scrip opened at Rs. 325.10 and has touched a high and low of Rs. 328.40 and Rs. 324.00 respectively. So far 75576 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 447.25 on 05-Aug-2015 and a 52 week low of Rs. 300.75 on 29-Sep-2015.

Last one week high and low of the scrip stood at Rs. 328.40 and Rs. 314.45 respectively. The current market cap of the company is Rs. 205092.35 crore.

The promoters holding in the company stood at 79.65% while Institutions and Non-Institutions held 17.48% and 2.87% respectively.

Coal India (CIL), the world’s largest coal miner by output, has entered into Memorandum of Understanding (MoU) with Ministry of Railways for investing Rs 5000 crore for the procurement of 2,000 wagons to meet its rising transportation needs. The move came as the production of CIL has grown by 8.8% during April-November 2015 and it’s aiming to achieve its target of producing 1 billion tonnes of coal by 2020.

Under this strategic partnership, the wagons will be procured by Indian railways on behalf of Coal India, the maintenance of these wagons will be done by railways at its own cost. Also, the brake vans will be provided by railways itself. These wagons will be high-capacity wagons of 25-tonne axle load with additional payload of 8 to 10 tonnes over the conventional wagons.

Coal India is the world’s largest coal mining company. It also produces non-coking coal and coking coal of various grades for diverse applications.


Coal India Share Price

481.75 9.10 (1.93%)
04-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 481.75
NMDC 94.70
GMDC 677.50
Sandur Manganese 225.05
MOIL 296.20
View more..

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