Coal India Ltd.

Coal India is currently trading at Rs. 323.60, up by 2.15 points or 0.67% from its previous closing of Rs. 321.45 on the BSE.

The scrip opened at Rs. 324.00 and has touched a high and low of Rs. 324.45 and Rs. 319.00 respectively. So far 1,03,000 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. 286.90 on 21-Jan-2016.

Last one week high and low of the scrip stood at Rs. 332.40 and Rs. 311.80 respectively. The current market cap of the company is Rs. 2,04,176.00 crore.

The promoters holding in the company stood at 79.65% while Institutions and Non-Institutions held 17.44% and 2.91% respectively.

State-owned Coal India (CIL) is planning to acquire coal mines in South Africa in partnership with local government amid falling prices of assets globally as it gears up to meet the 1 billion output target. It is looking at acquiring mines in partnership with the government of South Africa.

The world’s biggest coal miner had earlier decided to relinquish nearly three-fourths of the two blocks it was allotted in Mozambique for exploration and development. The decision was based on interim geological report prepared by CMPDIL - a planning subsidiary of CIL.

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.