Coal India Ltd.

Coal India is currently trading at Rs 334.10, up by 0.55 points or 0.16% from its previous closing of Rs 333.55 on the BSE.

The scrip opened at Rs 333.55 and has touched a high and low of Rs 336.35 and Rs 333.00 respectively. So far 74672 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 408.40 on 28-Jul-2011 and a 52 week low of Rs 293.75 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs 340.65 and Rs 321.25 respectively. The current market cap of the company is Rs 210777.08 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 7.20% and 2.80% respectively.

Coal India (CIL) has launched a one-time offer, which will facilitate power utilities to pick up the fuel directly from mines. It is providing this scheme for independent power producers drawing coal under fuel supply agreements (FSAs). The company will allow power utilities to lift the coal which is held in the stocks on 'as is where is' basis with the stipulation that the power stations will make their own evacuation arrangement.

The company has eight subsidiaries, out of which seven are coal producing -- Eastern Coalfields, Bharat Coking Coal, Central Coalfields, Northern Coalfields, Western Coalfields, South Eastern Coalfields and Mahanadi Coalfields. It has over 60 million tonnes of stocks piled up at pitheads due to problems like inadequate rakes for removing the same.

CIL has registered a growth of 5.6% in coal production during April-May, 2012 period. The company has produced 69.38 MT (million tonne) coal compared to 65.67 MT during same period of last year. The company has also surpassed the target during the period which was of 68.82 MT.