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Coal India jumps as its arm registers highest production and off-take growth in FY13

04 Apr 2013 Evaluate

Coal India is currently trading at Rs. 310.50, up by 8.05 points or 2.66% from its previous closing of Rs. 302.45 on the BSE.

The scrip opened at Rs. 300.15 and has touched a high and low of Rs. 313.80 and Rs. 300.00 respectively. So far 2, 02,000 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. 291.20 on 19-Mar-2013.

Last one week high and low of the scrip stood at Rs. 314.30 and Rs. 300.00 respectively. The current market cap of the company is Rs. 1, 96,123 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 7.35% and 2.65% respectively.

Coal India’s (CIL) subsidiary - Eastern Coalfields (ECL) has registered the highest production and off-take growth in 2012-13. The restructuring of operations in some mines like closing a few small ones and expanding a few existing projects has led to higher production surpassing the target for the year.

The production growth for ECL was 10.9% to 33.9 million tonnes (MT), while off-take growth was 16% to 35.8 MT. The expansion at Rajmahal and Sonpur Bazari open cast mines and Khottadih helped to improve productivity. For 2013-14 the annual production target was set at 35 MT. Meanwhile, ECL expects marginal improvement in profit over 2011-12 of Rs 962 crore due to higher wage bill and diesel price impact.

On the other hand, the cumulative production and off-take of all eight subsidiaries of CIL, however, failed to achieve the annual target for 2012-13. The coal output for the year was only 452.5 MT, down by 12 MT, while off-take was lower by 5 MT from the respective targets for FY'13. The Coal Ministry has set a production target of 482 MT and off-take of 492 MT for CIL for the current fiscal (2013-14).

Coal India Share Price

434.75 -4.30 (-0.98%)
01-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 434.75
NMDC 84.40
GMDC 610.65
Sandur Manganese 207.10
MOIL 278.05
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