Coal India Ltd.

Coal India is currently trading at Rs. 369.15, up by 9.10 points or 2.53% from its previous closing of Rs. 360.05 on the BSE.

The scrip opened at Rs. 362.00 and has touched a high and low of Rs. 369.95 and Rs. 362.00 respectively. So far 65389 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. 331.60 on 13-Oct-2014.

Last one week high and low of the scrip stood at Rs. 371.00 and Rs. 358.95 respectively. The current market cap of the company is Rs. 232884.36 crore.

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

Coal India (CIL) has received clearance from environment ministry to expand the Jhanjra underground mining project in West Bengal, one of the few such proposals in recent years, which will help the state monopoly extract coal worth more than Rs 8,000 crore without destroying forests.

Coal India, under pressure to boost production, depends heavily on opencast mining, which is easier and cheaper, but faces hurdles as it often requires uprooting trees and displacing people. Other countries such as China and Australia use underground mining more than India.

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.