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Coal India gains as its arm sign revenue sharing contract of Rs 1,880 crore

21 Sep 2021 Evaluate

Coal India is currently trading at Rs. 154.95, up by 0.60 points or 0.39% from its previous closing of Rs. 154.35 on the BSE.

The scrip opened at Rs. 155.10 and has touched a high and low of Rs. 158.00 and Rs. 153.55 respectively. So far 612751 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 164.90 on 11-Jun-2021 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. 163.30 and Rs. 153.10 respectively. The current market cap of the company is Rs. 95676.36 crore.

The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 28.17% and 5.69% respectively.

Coal India’s (CIL) subsidiary -- Bharat Coking Coal (BCCL) has signed a revenue sharing contract worth nearly Rs 1,880 crore for commercial extraction of coal bed methane (CBM) with Prabha Energy. The CBM would be extracted from Jharia Block I under leasehold area of BCCL.

While BCCL would be putting up close to Rs 370 crore towards the cost of the land, the rest will be met by the CBM developer, selected through a global bidding process. CIL has assigned CMPDI, its Ranchi-based consultancy arm, as the principal implementing agency to oversee the project. This is an important development and with this CIL would be stepping into a new era of CBM extraction on its own in its leasehold area.

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

460.10 3.75 (0.82%)
11-May-2026 10:07 View Price Chart
Peers
Company Name CMP
Coal India 460.10
NMDC 87.60
GMDC 667.25
Sandur Manganese 239.30
MOIL 311.65
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