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CIL advances on hiking non-coking coal prices in select Western Coalfield blocks

25 Jun 2012 Evaluate

Coal India (CIL) is currently trading at Rs 338.20, up by 0.60 points or 0.18% from its previous closing of Rs 337.60 on the BSE.

The scrip opened at Rs 342.80 and has touched a high and low of Rs 344.90 and Rs 337.10 respectively. So far 147208 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 408.40 on 28-Jul-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 346.20 and Rs 334.60 respectively. The current market cap of the company is Rs 215703.84 crore.

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

After taking back coal price hike under its new pricing mechanism in the wake of protests by consumers, Coal India (CIL) has increased non-coking coal prices by an average of 10-15 percent of selected blocks in Western Coalfields.

The hike in the prices of non-coking coal came into effect from midnight of June 21. Accordingly, non-coking coal exceeding 2,200 Kcal/Kg and not exceeding 2,500 Kcal/Kg GCV (Gross Calorific Value) is priced at Rs 430 per tonne for power utilities. However, apart from power utilities space other sectors are paying Rs 580 per tonne for the same grade.

The price hike would also benefit the company to turnaround the subsidiaries. The new pricing policy had led to a 5-12 percent increase in prices of different grades of coal, which had to be rolled back in January.

Coal India Share Price

444.45 2.80 (0.63%)
21-Apr-2026 10:03 View Price Chart
Peers
Company Name CMP
Coal India 444.45
NMDC 89.16
GMDC 695.90
Sandur Manganese 215.80
MOIL 325.95
View more..

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