Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
440.40
-15.50 (-3.40%)
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Coal India advances on targeting 71.77 MT of coking coal production by 2019-20

Date: 12-08-2016

Coal India is currently trading at Rs. 339.15, up by 1.15 points or 0.34% from its previous closing of Rs. 338.00 on the BSE.

The scrip opened at Rs. 337.80 and has touched a high and low of Rs. 339.45 and Rs. 336.40 respectively. So far 9,944 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 383.40 on 18-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. 340.00 and Rs. 327.90 respectively. The current market cap of the company is Rs. 2,14,251.00 crore.

The promoters holding in the company stood at 79.65%, while Institutions and Non-Institutions held 17.89% and 2.46% respectively.

Coal India (CIL) has targeted to produce 71.77 million tonnes (MT) of coking coal of the total production of 1,000 MT by 2019-20. Coking coal production stood at 53.8 MT in 2015-16. The enhancement in domestic production of coking coal is envisaged to reduce coking coal imports.

However reduction of coking coal imports totally would not be possible due to the constraint of availability of metallurgical grade coal from domestic sources.

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.