Coal India Ltd.

Coal India is currently trading at Rs. 208.80, up by 3.00 points or 1.46% from its previous closing of Rs. 205.80 on the BSE.

The scrip opened at Rs. 205.80 and has touched a high and low of Rs. 209.70 and Rs. 204.55 respectively. So far 121626 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. 209.70 and Rs. 195.20 respectively. The current market cap of the company is Rs. 128492.89 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 (CIL) has planned to ramp up daily output to meet 660 million tonne (MT) production target for the current fiscal (FY20). Till December, the miner is expected to produce close to 390 MT of coal and will require another 270 MT in the last quarter of this fiscal to meet the annual production target.

Currently, the company produces 1.8 MT per day while the asking rate to achieve the target is 2.9 MT. Internally, it has planned to raise its production to 3 MT per day at least in February and March next year to inch closer to the target.

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.