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Coal India gains on receiving nod to introduce Evacuation Facility Charges

20 Dec 2017 Evaluate

Coal India is currently trading at Rs. 272.45, up by 4.85 points or 1.81% from its previous closing of Rs. 267.60 on the BSE.

The scrip opened at Rs. 272.45 and has touched a high and low of Rs. 272.45 and Rs. 270.20 respectively. So far 20,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 332.10 on 27-Feb-2017 and a 52 week low of Rs. 234.00 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 274.75 and Rs. 262.40 respectively. The current market cap of the company is Rs. 1,68,500.00 crore.

The promoters holding in the company stood at 78.86%, while Institutions and Non-Institutions held 17.47% and 3.67% respectively.

Coal India has received an approval for introduction of Evacuation Facility Charges at Rs 50 per tonne for despatch of coal on all despatches except despatch through rapid loading arrangement. This will come into force with immediate effect. The board of directors at its meeting held on December 19, 2017 has approved for the same.

As a result, the company would be generating approximately an additional revenue of Rs 2,500 crore for the full year and approximately Rs 800 crore for the balance period of 2017-18.

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
View more..

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