Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
444.25
21.55 (5.10%)
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Coal India rises on plan to invest Rs 57,000 crore by 2020 to increase production

Date: 10-12-2015

Coal India is currently trading at Rs. 311.05, up by 3.40 points or 1.11% from its previous closing of Rs. 307.65 on the BSE.

The scrip opened at Rs. 308.50 and has touched a high and low of Rs. 312.20 and Rs. 308.10 respectively. So far 154846 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 447.25 on 05-Aug-2015 and a 52 week low of Rs. 300.75 on 29-Sep-2015.

Last one week high and low of the scrip stood at Rs. 341.00 and Rs. 306.00 respectively. The current market cap of the company is Rs. 196660.01 crore.

The promoters holding in the company stood at 79.65% while Institutions and Non-Institutions held 17.48% and 2.87% respectively.

In a bid to more than double its annual production to 1 billion tonnes, Coal India is planning to invest Rs 57,000 crore by 2020. The state-run coal behemoth produced 494 million tonnes of coal in 2014-15.

The world’s largest coal miner by output will invest about Rs 6,000 crore in 2015-16 and Rs 8,282 crore in 2016-17. During 2017-18 and 2018-19, investments are slated to jump to Rs 14,539 crore and Rs 14,635 crore, respectively. In 2019-20, the company will invest Rs 13,529 crore.

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.