CIL moves up as its fuel allocation under e-auction scheme for non-power sector rises almost 6-fold in H1FY21

23 Oct 2020 Evaluate

Coal India is currently trading at Rs. 116.55, up by 0.65 points or 0.56% from its previous closing of Rs. 115.90 on the BSE.

The scrip opened at Rs. 116.10 and has touched a high and low of Rs. 117.30 and Rs. 116.10 respectively. So far 188370 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 217.90 on 05-Nov-2019 and a 52 week low of Rs. 109.50 on 15-Oct-2020.

Last one week high and low of the scrip stood at Rs. 117.30 and Rs. 111.30 respectively. The current market cap of the company is Rs. 71980.67 crore.

The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 29.10% and 4.69% respectively.

Coal India’s (CIL) fuel allocation under the exclusive e-auction scheme for the non-power sector rose almost six-fold to 13.44 million tonnes (MT) in April-September this fiscal (H1FY21). The company had allocated 2.31 MT of dry fuel to the sector under the scheme in the corresponding period of the previous fiscal. This growth comes amid the company looking to tap the non-power sector to consume its coal.

However, there was no allocation of coal by the PSU under the scheme last month. For the entire fiscal (2019-20), the company’s coal allocation under the scheme dropped to 8.03 MT from 11.36 MT in FY19.

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

433.75 3.00 (0.70%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Coal India 433.75
NMDC 201.70
GMDC 343.90
Sandur Manganese 362.40
MOIL 278.45
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