Coal India Ltd.

Coal India is currently trading at Rs. 303.05, up by 1.90 points or 0.63% from its previous closing of Rs. 301.15 on the BSE.

The scrip opened at Rs. 302.10 and has touched a high and low of Rs. 305.20 and Rs. 299.20 respectively. So far 59,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 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. 317.50 and Rs. 299.20 respectively. The current market cap of the company is Rs. 1,88,115.00 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) is examining opportunities to export coal with high ash content or high grade fossil fuel to the neighbouring nations as the demand for such type of coal is comparatively less in the domestic market. A very small quantity of such coal is exported to these countries.

Since domestic demand for thermal grade coal is picking up with depletion in stock and CIL is augmenting supply to power plants to reduce imported coal consumption, exporting lower grade coal in the current market scenario is not contemplated.

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. It accounts for over 80% of the domestic coal production and is eyeing 598 MT production in 2016-17.