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Coal India firms up on its plans of investing in mining equipments

07 Dec 2012 Evaluate

Coal India is currently trading at Rs 364.90, up by 1.90 points or 0.52% from its previous closing of Rs 363.00 on the BSE.

The scrip opened at Rs 366.00 and has touched a high and low of Rs 372.00 and Rs 362.60 respectively. So far 223923 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 386.00 on 17-Sep-2012 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 374.05 and Rs 358.00 respectively. The current market cap of the company is Rs. 231178.94 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 7.29% and 2.71% respectively.

Coal India (CIL), world’s largest coal miner is planning to dilute a fraction of its $11-billion cash reserve to increase production by 180 million tonne in five years. The company is also considering acquisition of 77 dumpers of 190 tonnes each, as entity has decided to invest widely on mining equipment.

The company will also purchase 70 dumpers of 190 tonnes, primarily for Northern Coalfields; 20 high-capacity 320-360 tonne dumpers for South Eastern Coalfields and Mahanadi Coalfields and 150-tonne dumpers for Eastern Coalfields. All purchases will be backed by a 11-year maintenance and repair contract (MARC).

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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