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Coal India trades higher on the bourses

13 Dec 2013 Evaluate

Coal India is currently trading at Rs. 283.35, up by 1.80 points or 0.64 % from its previous closing of Rs. 281.55 on the BSE.

The scrip opened at Rs. 281.00 and has touched a high and low of Rs. 288.25 and Rs. 280.50 respectively. So far 276420 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 372.10 on 10-Jan-2013 and a 52 week low of Rs. 238.35 on 30-Aug-2013.

Last one week high and low of the scrip stood at Rs. 297.95 and Rs. 274.95 respectively. The current market cap of the company is Rs. 179068.93 crore.

The promoters holding in the company stood at 90.00 % while Institutions and Non-Institutions held 7.85 % and 2.15 % respectively.

Competition Commission of India (CCI) has imposed a penalty of Rs 1,773 crore on Coal India, the first major penalty on a state-owned company by the fair trade watchdog, for abusing its dominant position in fuel supplies.

The CCI, in its order on December 9, said that Coal India is operating independently of market forces and enjoys an undisputed dominance in the country for production and supply of non-coking coal. The fair trade regulator has also directed the company to cease and desist from anti-competitive practices.

The order came on complaints filed by Maharashtra State Power Generation Company and Gujarat State Electricity Corp against Coal India and three subsidiaries -- Mahanadi Coalfields, Western Coalfields and South Eastern Coalfields.

Coal India, one of India's biggest companies by revenue, has monopoly rights over exploitation of coal reserves. Accounting for more than 80% of domestic production, the company has been facing heavy criticism for not being able to meet demand, forcing those who need the fuel to seek recourse to costly imports.

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
View more..

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