Coal India Ltd.

Coal India is currently trading at Rs. 209.70, down by 1.35 points or 0.64% from its previous closing of Rs. 211.05 on the BSE.

The scrip opened at Rs. 210.95 and has touched a high and low of Rs. 210.95 and Rs. 207.75 respectively. So far 76101 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. 212.70 and Rs. 201.25 respectively. The current market cap of the company is Rs. 128400.44 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 has allocated 16.95 million tonnes (MT) of the dry fuel under special forward e-auction to the power sector in the April-November period of 2019-20, down 22.6 per cent over the year-ago period. The company had allocated 21.91 MT of coal in the April-November period of 2018-19.

However, the coal allocation by the PSU under the scheme increased to 4.05 MT in November, 2019, over 1.53 MT in November 2018. The special forward e-auction scheme is aimed at making an earmarked quantity of coal available for supply through e-auction to all power producers.

The company accounts for over 80 percent of domestic coal output. The state-owned firm had earlier said that it will produce 750 million tonnes of coal in the next financial year. The firm will further produce 1 billion tonnes of coal by FY2024.

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.