Coal India Ltd.

Coal India is currently trading at Rs 348.70, up by 4.45 points or 1.29% from its previous closing of Rs 344.25 on the BSE.

The scrip opened at Rs 344.00 and has touched a high and low of Rs 351.30 and Rs. 340.75 respectively. So far 352923 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 423.85 on 11-Jun-2014 and a 52 week low of Rs. 240.50 on 26-Feb-2014.

Last one week high and low of the scrip stood at Rs 347.20 and Rs 331.60 respectively. The current market cap of the company is Rs. 220946.43 crore.

The promoters holding in the company stood at 89.65% while Institutions and Non-Institutions held 8.33% and 2.02% respectively.

Coal India’s subsidiary Eastern Coalfields is targeting a production of 9-10 million tonnes from the current level of 7 million tonnes through underground mining in the next four years with an investment of Rs 1,000-1,100 crore. In a bid to achieve the production target, the company hopes longwall mining technology rollout at its Janjra mine in the current fiscal will play an important role.

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.