Coal India inches higher on inking fuel supply agreement with 14 power units

Coal India Ltd. | Mining & Minerals | Metals & Mining | BSE: 533278 | NSE: COALINDIA

17 May 2012 Evaluate

Coal India is currently trading at Rs. 309.00, up by 0.70 points or 0.23% from its previous closing of Rs. 308.30 on the BSE.

The scrip opened at Rs. 309.80 and has touched a high and low of Rs. 312.10 and Rs. 308.10 respectively. So far 90801 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 422.30 on 31-May-2011 and a 52 week low of Rs. 293.75 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 322.40 and Rs. 308.00 respectively. The current market cap of the company is Rs. 195933.62 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 7.20% and 2.80% respectively.

Coal India has entered into fuel supply agreement (FSA) with 14 power units up till now, CESC was the last unit with which the PSU has signed the fuel supply pact. Other power firms with which the company has entered into pacts includes Reliance Power's Rosa Power project, Lanco Anpara Power and Bajaj Hindustan

However, some of the power units have declined to sign the pact on account of their opposition on some of the clauses of the model FSA. Power producer NTPC is among the companies that have refused to sign FSA. The model FSA comprises clauses like suspension of supply of coal to power firms if they were found diverting the dry fuel for any purpose other than the specified end-use plant.

In April, the government instructed Coal India to commit a minimum of 80% of fuel supply to power producers, failing which would attract penalty.

Recently, Coal India entered into a Memorandum of Understanding (MoU) with government of Limpopo, South Africa for jointly identifying, exploring and developing coal mines.

Coal India Share Price

446.05 10.65 (2.45%)

29-Jun-2026 15:18 View Price Chart

Peers

Company Name	CMP
Coal India	446.05
NMDC	85.50
GMDC	578.15
Sandur Manganese	207.65
MOIL	279.85
View more..

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