Coal India Ltd.

Coal India is currently trading at Rs. 257.80, up by 2.85 points or 1.12% from its previous closing of Rs. 254.95 on the BSE.

The scrip opened at Rs. 255.60 and has touched a high and low of Rs. 259.75 and Rs. 255.30 respectively. So far 167379 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 337.50 on 22-Sep-2016 and a 52 week low of Rs. 234.00 on 11-Aug-2017.

Last one week high and low of the scrip stood at Rs. 259.75 and Rs. 251.60 respectively. The current market cap of the company is Rs. 159778.71 crore.

The promoters holding in the company stood at 78.86%, while institutions and non-institutions held 17.89% and 3.25% respectively.

Coal India is reportedly looking to diversify into other metals like copper and nickel through overseas mines. The company is firming up such plans and geographies like Africa.

In an earlier instance, the company’s African subsidiary, Coal India Africana Limitada (CIAL), was granted prospecting licences for two leaseholds in Mozambique.

Coal India, along with a consortium of Fertilizer Corporation of India (FCIL), GAIL and Rashtriya Chemicals and Fertilizers, is also looking to revive the sick plant of FCIL’s Talcher unit.

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.