Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
423.15
4.00 (0.95%)
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Coal India gains on planning to develop 55 new coal mines in next 5 years

Date: 22-11-2019

Coal India is currently trading at Rs. 196.75, up by 0.10 points or 0.05% from its previous closing of Rs. 196.65 on the BSE.

The scrip opened at Rs. 196.60 and has touched a high and low of Rs. 198.40 and Rs. 196.40 respectively. So far 37416 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 270.90 on 06-Jun-2019 and a 52 week low of Rs. 177.80 on 22-Aug-2019.

Last one week high and low of the scrip stood at Rs. 203.90 and Rs. 195.95 respectively. The current market cap of the company is Rs. 121405.75 crore.

The promoters holding in the company stood at 69.26%, while Institutions and Non-Institutions held 27.91% and 2.83% respectively.

Coal India is planning to develop 55 new coal mines and expand 193 existing ones in the next five years. The company is also undertaking portal-based monitoring of ongoing projects to ensure their timely completion.

Besides, the company has introduced technology to improve its work efficiency with high capacity Heavy Earth Moving Machinery, like 42 cum Shovel and 240 T Rear Dumpers in Gevra Expansion, Dipka & Kusmunda open cast mines (and) introduction of surface miners in opencast mines to improve operational efficiency and to cater to environmental needs.

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.