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Coal India advances on revising Non-Coking coal prices

09 Jan 2018 Evaluate

Coal India is currently trading at Rs. 301.30, up by 13.45 points or 4.67% from its previous closing of Rs. 287.85 on the BSE.

The scrip opened at Rs. 298.00 and has touched a high and low of Rs. 303.00 and Rs. 298.00 respectively. So far 1,30,000 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. 303.00 and Rs. 269.95 respectively. The current market cap of the company is Rs. 1,86,936.00 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 (CIL) has received approval for revision of Non-Coking coal prices with effect from January 9, 2018. This will be applicable to all subsidiaries of Coal India including NEC for regulated and non-regulated sectors.

Due to this revision, CIL will earn approximately incremental revenue of Rs 1,956 crore for the balance period of financial year 2017-18. The projected annual incremental revenue would be Rs 6,421 crore. All add-ons viz for Non-Regulated sector, WCL, Rajmahal etc would be as per the extant practice.

Besides, coal Sales bills will be raised on GCV (Kcal/Kg) basis with effect from April 1, 2018 or earlier once the requisite system is ready. Till then, the present mode of raising bill would continue.

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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