Coal India Ltd.

Coal India is currently trading at Rs 313.70, up by 2.65 points or 0.85% from its previous closing of Rs. 311.05 on the BSE.

The scrip opened at Rs 311.50 and has touched a high and low of Rs 314.00 and Rs. 311.50 respectively. So far 16788 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 349.85 on 17-Aug-2016 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. 319.80 and Rs. 309.55 respectively. The current market cap of the company is Rs. 198270.68 crore.

The promoters holding in the company stood at 79.65%, while Institutions and Non-Institutions held 18.05% and 2.30% respectively.

Coal India (CIL), the world’s largest coal miner by output, is reportedly planning to put up more coal for e-auctions. Even as global coking coal - also known as metallurgical coal - prices crossed $190-a-tonne mark recently, CIL decided not to increase its prices, to remain competitive and become a substitute to imports.

This festival season, Coal India will put up 20 million tonnes (mt) coal for e-auction, where both the regulated and the non-regulated sectors, including traders, will be able to participate. Coking coal constitutes a third of steel sector’s total costs. The volatile global coking coal prices are straining the balance sheets of steel companies in the country.

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.