Coal India Ltd.

Coal India is currently trading at Rs. 273.25, up by 3.50 points or 1.30% from its previous closing of Rs. 269.75 on the BSE.

The scrip opened at Rs. 272.00 and has touched a high and low of Rs. 274.55 and Rs. 271.30 respectively. So far 24851 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 316.55 on 27-Feb-2018 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. 274.50 and Rs. 257.60 respectively. The current market cap of the company is Rs. 169058.79 crore.

The promoters holding in the company stood at 78.55%, while Institutions and Non-Institutions held 18.34% and 3.11% respectively.

Coal India is reportedly planning to raise supplies by at least 15 million tonnes (MT) annually in the weeks to come, as the company has almost completed three new rail projects linked to high-capacity mines.

The additional supply will be enough to fuel almost 4,000 MW of power plants through the year, which will rise as more coal is transported, the executives said. The increased availability comes as demand for power rises with temperatures climbing in the summer.

The new rail links will benefit mines belonging to Coal India subsidiaries Central Coalfields, Mahanadi Coalfields and South Eastern Coalfields.

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.