Coal India is currently trading at Rs. 479.85, up by 3.15 points or 0.66% from its previous closing of Rs. 476.70 on the BSE.
The scrip opened at Rs. 484.75 and has touched a high and low of Rs. 487.75 and Rs. 478.65 respectively. So far 175560 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 487.75 on 16-Feb-2024 and a 52 week low of Rs. 207.70 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 487.75 and Rs. 430.35 respectively. The current market cap of the company is Rs. 295934.21 crore.
The promoters holding in the company stood at 63.13%, while Institutions and Non-Institutions held 31.74% and 5.11% respectively.
Coal India (CIL) has signed a Memorandum of Understanding (MoU) with Haryana Power Purchase Centre (HPPC) which expressed interest of HPPC to purchase 800 MW of power from Mahanadi Basin Power (MBPL) a wholly owned subsidiary of Mahanadi Coalfields (MCL). The MoU’s purpose is to formalise and define the basic framework of discussions of the power purchase agreement. MCL is the highest coal producing arm of CIL that operates in Odisha.
As per the MoU framework, power purchase will be under Section-62 of the Electricity Act, 2003. This refers to determining the power tariff in accordance with the provisions of the act, by the appropriate commission, for supply of electricity by a generating company to a distribution licensee.
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.
| Company Name | CMP |
|---|---|
| Coal India | 438.70 |
| NMDC | 89.78 |
| GMDC | 733.40 |
| Sandur Manganese | 218.35 |
| MOIL | 327.60 |
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