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Coal India rises on plan to invest Rs 7,500 crore in 3-4 years

16 Jul 2012 Evaluate

Coal India is currently trading at Rs. 355.00, up by 0.95 points or 0.27% from its previous closing of Rs. 354.05 on the BSE.

The scrip opened at Rs. 354.20 and has touched a high and low of Rs. 356.80 and Rs. 353.95 respectively. So far 37797 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. 359.75 and Rs. 346.85 respectively. The current market cap of the company is Rs. 224167.77 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 7.28% and 2.72% respectively.

Coal India, public sector miner, is planning to invest Rs 7,500 crore in next three-four years to develop railway tracks and related infrastructure to evacuate coal from Chhattisgarh, Jharkhand and Odisha. This initiative will facilitate company to evacuate around 100 million tonnes (mt) of additional coal from each of the States.

The company is not able to transport more than 2-3 mt of coal through roads. Therefore, the remaining reserves remain unexplored. Most of the mines in these States have the capacity to produce around 10 mt. Non-availability of transportation though Railways has been preventing the company from extracting coal from mines, the demand for which has surged from power plants.


 

Coal India Share Price

441.65 2.95 (0.67%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 441.65
NMDC 88.81
GMDC 691.40
Sandur Manganese 213.50
MOIL 321.05
View more..

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