Coal India Ltd.

Coal India is currently trading at Rs. 346.35, up by 4.15 points or 1.21% from its previous closing of Rs. 342.20 on the BSE.

Coal India opened at Rs. 345.50 and has touched a high and low of Rs. 349.50 and Rs. 343.95 respectively. So far 657664 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 422.30 on 31-May-2011 and a 52 week low of Rs. 293.75 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 349.50 and Rs. 328.20 respectively. The current market cap of the company is Rs. 217946.15 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 7.36% and 2.64% respectively.  

Coal India is likely to revise its product prices during the April-June quarter to balance wage hike as it has effected a 30% wage hike to its 3.65 lakh employees last month, which will incur an additional wage burden of Rs 6,500 crore. It is going to review the new Gross Calorific Value (GCV) based mechanism after assessing its March quarter performance.

The company has put off price hike under GCV mechanism in the last month, following protests from consumers in sectors such as power and cement. Earlier, in the Useful Heat Value (UHV) method, the pricing was decided on the ash and the moisture of coal.

Coal India is the largest coal producing company in the world. The company also produces non-coking coal and coking coal of various grades for diverse applications.