Coal India Ltd.

Coal India is currently trading at Rs. 292.30, up by 10.95 points or 3.89% from its previous closing of Rs. 281.35 on the BSE.

The scrip opened at Rs. 287.90 and has touched a high and low of Rs. 296.00 and Rs. 287.90 respectively. So far 3,50,000 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. 272.05 on 12-Apr-2016.

Last one week high and low of the scrip stood at Rs. 296.00 and Rs. 277.90 respectively. The current market cap of the company is Rs. 1,84,627.00 crore.

The promoters holding in the company stood at 79.65%, while Institutions and Non-Institutions held 17.14% and 3.21% respectively.

Coal India (CIL) has increased its coal prices by 6.29% over the current price with effect from May 30, 2016. Due to this revision, the state-owned company will earn additional revenue of Rs. 3,234 crore for the balance period of financial year 2016-17 - from May 30, 2016 to March 31, 2017.

On an average the current coal price is Rs 1,193 per tonne. The increase will be applicable to all CIL subsidiaries and NEC for regulated and non-regulated sectors.

CIL accounts for over 80 per cent of the domestic coal production. The company has a target to achieve a production of 598 million tonnes in the current fiscal. The company is eying an output of one billion times by 2020.