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Coal India rises on buzz of receiving higher e-auction realizations in June on long-term contracts

28 Jun 2017 Evaluate

Coal India is currently trading at Rs. 245.75, up by 1.00 points or 0.41 % from its previous closing of Rs. 244.75 on the BSE.

The scrip opened at Rs. 247.00 and has touched a high and low of Rs. 247.00 and Rs. 244.70 respectively. So far 40099 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 349.85 on 17-Aug-2016 and a 52 week low of Rs. 243.35 on 23-Jun-2017.

Last one week high and low of the scrip stood at Rs. 251.85 and Rs. 243.35 respectively. The current market cap of the company is Rs. 152391.90 crore.

The promoters holding in the company stood at 78.86%, while Institutions and Non-Institutions held 18.13% and 3.01% respectively.

Coal India (CIL) has reportedly received higher e-auction realizations this month for coal sold on long-term contracts to the captive power plants. Captive power plants lapped up 80% of the coal offered on a five-year contract at the auction at an average premium of 25% over the notified price. At a similar auction held last year, Coal India had managed to receive a premium of 19% over the notified price.

The company is looking at auctioning at least 132 million tonnes of coal in the spot market, about 10% more than last years’ volumes in an effort to jack up its revenues.

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

438.70 5.80 (1.34%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 438.70
NMDC 89.78
GMDC 733.40
Sandur Manganese 218.35
MOIL 327.60
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