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Coal India gains on plan to sign fuel supply agreements by November

03 Oct 2012 Evaluate

Coal India is currently trading at Rs. 360.40, up by 2.80 points or 0.78% from its previous closing of Rs. 357.60 on the NSE.

The scrip opened at Rs. 357.60 and has touched a high and low of Rs. 360.90 and Rs. 356.95 respectively. So far 75,851 shares were traded on the counter.

The NSE group stock of face value Rs. 10 has touched a 52 week high of Rs. 386.25 on 17-Sep-2012 and a 52 week low of Rs. 293.60 on 22-Dec-2011.

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

Coal India is likely to sign fuel supply agreements (FSA) with power generation facilities commissioned after March 2009, committing to 65% assured domestic supplies in 2012-13. Over the next couple of years, the company aims to step up guaranteed domestic supplies to 80%. Once the company enters into fuel pacts, it will end supplies through memorandums of understanding (MoUs).

Further, the company is aiming to finalize the FSA decision at the next board meeting in end-October, and roll-out new supply norms by November.

On standalone basis, the company has reported a rise of 0.77% in its net profit at Rs 4576.57 crore for first quarter ended June 30, 2012, as compared to Rs 4541.59 crore for the same quarter in the previous year. Total income of the company has increased by 1.22% to Rs 4910.32 crore for the quarter under review as compared to Rs 4850.88 crore for the quarter ended June 30, 2011.

 

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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