Coal India Ltd.

Coal India is currently trading at Rs. 140.20, up by 3.00 points or 2.19% from its previous closing of Rs. 137.20 on the BSE.

The scrip opened at Rs. 137.20 and has touched a high and low of Rs. 140.85 and Rs. 137.20 respectively. So far 76790 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 265.00 on 21-Jun-2019 and a 52 week low of Rs. 119.25 on 26-Mar-2020.

Last one week high and low of the scrip stood at Rs. 140.85 and Rs. 128.15 respectively. The current market cap of the company is Rs. 86709.59 crore.

The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 30.27% and 3.59% respectively.

Coal India (CIL) is planning to engage mine developer cum operators (MDOs) to increase its coal output and reduce import dependency of the dry fuel in the coming years. The Maharatna coal mining behemoth in the process has identified a total of 15 greenfield projects to operate through MDO model of which 12 are open cast and 3 underground. Combined, they have a total targeted capacity of around 168 million tonne/year (MTY). While the OC projects have a targeted capacity of 162 MTY, UG projects have close to 6 MTY. The contract period would be for 25 years or life of mine whichever is less.

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.