MoneyWorks4Me

Coal India awaits exploration rights for Mozambique coal blocks

07 Jun 2017 Evaluate

Coal India is awaiting a response from the Mozambique government for exploration rights for new prospective coal blocks in the African country. A request has been made to government of Mozambique for allocation of exploration rights of new prospective blocks but no response has been received till date.

Coal India Africana (CIAL), a wholly-owned subsidiary of CIL was granted prospecting licenses for two coal blocks, covering a total area of 224 sq km by the Ministry of Mineral Resources, Government of Mozambique.

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

413.65 0.95 (0.23%)
07-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 413.65
NMDC 85.24
GMDC 582.40
Sandur Manganese 205.65
MOIL 278.60
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: