Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
422.70
4.15 (0.99%)
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Coal India gains on planning Rs 6,000 crore capex in FY16

Date: 23-02-2015

Coal India is currently trading at Rs. 385.00, up by 2.30 points or 0.60% from its previous closing of Rs. 382.70 on the BSE.

The scrip opened at Rs. 383.30 and has touched a high and low of Rs. 386.25 and Rs. 382.40 respectively. So far 63111 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. 389.70 and Rs. 375.30 respectively. The current market cap of the company is Rs. 241916.76 crore.

The promoters holding in the company stood at 79.65%, while Institutions and Non-Institutions held 17.39% and 2.96% respectively.

Coal India (CIL) is planning a capital expenditure of Rs 6,000 crore in the next fiscal. Moreover, an amount of around Rs 6,000 crore has been earmarked by CIL for railway and other infrastructure development for 2015-16. The announcement comes at a time when the company has a target to achieve an output of one billion tonnes by 2019-20. The company also unveiled its roadmap, of strategies to be adopted, to attain the one billion tonne coal production by 2019-20.

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.