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CIL rises on announcing coal production target for 2016-17

07 Jun 2012 Evaluate

CIL is currently trading at Rs. 324.70, up by 2.80 points or 0.87% from its previous closing of Rs. 321.90 on the BSE.

The scrip opened at Rs. 322.00 and has touched a high and low of Rs. 326.85 and Rs. 322.00 respectively. So far 36,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 413.45 on 08-Jun-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. 326.85 and Rs. 315.15 respectively. The current market cap of the company is Rs. 2, 05,092 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 (CIL) has set the coal production target of 615 million tonnes for the terminal year of the 12th Plan i.e. 2016-17. The company has set this target with the assumption that requisite clearances viz., environmental and forest clearances, land acquisition, law & order issues and evacuation problems are addressed in a time bound manner with the cooperation of the Central and State agencies.

This contribution of production target set by the company has been planned from existing and completed group of projects, ongoing group of projects and future group of projects. Besides, the coal mining Maharatna PSU has also identified 56 spill over projects of 11th Plan and 69 new projects for increasing the coal production during the 12th Plan period.

CIL, which accounts for more than 80% of the domestic coal production, missed its revised 2011-12 production target as it achieved only 435.84 million tonne as against 447 million tonne.

Coal India Share Price

444.65 9.25 (2.12%)
29-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 444.65
NMDC 85.42
GMDC 578.20
Sandur Manganese 207.95
MOIL 280.80
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