Coal India Ltd.

Coal India is currently trading at Rs. 355.30, up by 3.75 points or 1.07% from its previous closing of Rs. 351.55 on the BSE.

The scrip opened at Rs. 357.90 and has touched a high and low of Rs. 357.90 and Rs. 353.40 respectively. So far 19,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 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. 357.90 and Rs. 331.60 respectively. The current market cap of the company is Rs. 2,24,988.00 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 (CIL), the world’s largest coal miner by output, out of 172 FSAs has so far signed 162 fuel supply agreements (FSAs) with power plants. The government had earlier directed the coal major to sign supply pacts with power projects of 78,000 mw capacity. The remaining fuel supply pacts could not be signed as some of power producers are yet to achieve milestones like forest clearances.

The government had set two deadlines for signing of FSAs with the power producers which CIL could not adhered to. The government had set the deadline of August 31, 2013 for signing of FSAs and the second deadline was set for September.

CIL produced 462 MT in the last fiscal. It targets an output of 507 MT in the current fiscal. The company, which accounts for 80% of the domestic coal production, dispatched 353.83 million tonnes (MT) of coal to the power sector in FY2014.