Coal India Ltd.

Coal India is currently trading at Rs. 255.30, up by 0.35 points or 0.14% from its previous closing of Rs. 254.95 on the BSE.

The scrip opened at Rs. 255.90 and has touched a high and low of Rs. 257.65 and Rs. 250.85 respectively. So far 161096 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 299.60 on 28-Aug-2018 and a 52 week low of Rs. 212.00 on 14-Feb-2019.

Last one week high and low of the scrip stood at Rs. 268.80 and Rs. 250.85 respectively. The current market cap of the company is Rs. 157334.45 crore.

The promoters holding in the company stood at 70.96%, while Institutions and Non-Institutions held 26.09% and 2.95% respectively.

Coal India is aiming more than 8 percent growth in production at 660 million tonnes in 2019-20 compared to 607 million tonnes in the last fiscal and plans a capital expenditure of Rs 10,000 crore in the current fiscal. Besides, the target for revenue from operations (net) has been fixed at Rs 1 lakh crore for FY2019-20. The company has ended 2018-19 with a coal production of 606.88 million tonnes, against the MoU target of 610 million tonne.

Earlier, the company had inked a Memorandum of Understanding (MoU) with Ministry of Coal for its key performance areas for the fiscal 2019-20. The MoU for 2019-20 has been formulated on the lines of new DPE guidelines and finalised after discussions with the Pre-Negotiation Committee and Inter Ministerial Committee.

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.