Coal India Ltd.

Coal India is currently trading at Rs. 384.60, up by 5.90 points or 1.56 % from its previous closing of Rs. 378.70 on the BSE.

The scrip opened at Rs. 381.50 and has touched a high and low of Rs. 385.00 and Rs. 380.40 respectively. So far 22387 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. 289.50 on 30-Apr-2014.

Last one week high and low of the scrip stood at Rs. 386.00 and Rs. 370.60 respectively. The current market cap of the company is Rs. 242611.56 crore.

The promoters holding in the company stood at 79.65 % while Institutions and Non-Institutions held 17.81 % and 2.54 % respectively.

In a bid to procure wagons that carry coal, Coal India is reportedly in talks with the Indian Railways for an investment of Rs 5,000 crore. This could be the single largest investment by a railway customer for procuring wagons.

This is the first time that Coal India, which has cash reserves of Rs 59,000 crore as on September 2014, is investing in railway wagons, though earlier it had invested in rail link infrastructure. For fiscal 2015-16, Coal India has a target of investing Rs 6,000 crore to ramp up mine infrastructure and railway connectivity.

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.