Coal India Ltd.

Coal India is currently trading at Rs. 371.60, up by 5.75 points or 1.57 % from its previous closing of Rs. 365.85 on the BSE.

The scrip opened at Rs. 366.00 and has touched a high and low of Rs. 373.85 and Rs. 365.90 respectively. So far 700666 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. 380.10 and Rs. 349.95 respectively. The current market cap of the company is Rs. 232852.77 crore.

The promoters holding in the company stood at 89.65 % while Institutions and Non-Institutions held 8.67 % and 1.68 % respectively.

Coal India is reportedly planning to form joint ventures with the Indian Railways and private companies for rail projects that can also generate revenue from third parties that use the facilities.

The company is looking at revenue based partnerships to ramp up some 50 projects that can ease the congestion in coal movement in the country. In this regard, the company has recruited AK Maitra, former additional member traffic of the Railway Board, as an advisor.

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.