Coal India Ltd.

Coal India is currently trading at Rs. 154.80, up by 2.85 points or 1.88% from its previous closing of Rs. 151.95 on the BSE.

The scrip opened at Rs. 154.00 and has touched a high and low of Rs. 154.95 and Rs. 152.55 respectively. So far 546648 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 203.85 on 06-Oct-2021 and a 52 week low of Rs. 123.45 on 19-Apr-2021.

Last one week high and low of the scrip stood at Rs. 162.80 and Rs. 151.45 respectively. The current market cap of the company is Rs. 95029.27 crore.

The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 28.82% and 5.04% respectively.

Coal India is planning to spend an estimated Rs 19,650 crore to strengthen its rail infrastructure. This move will increase the coal evacuation capacity of the PSU through rail mode by an additional 330 million tonnes per annum (MTPA) by FY2023-24 when the production is expected to scale up significantly.

The company is constructing three important railway lines from its funds, on a deposit basis, in CCL and MCL at an estimated capital of Rs 7,994 crore having 170 MTPA coal transportation capacity. Additionally, the company has forged four rail joint ventures with Chhattisgarh, Jharkhand, and Odisha at a capital outlay of Rs 11,656 crore which would help move 160 MTPA of coal.

Central Coalfields (CCL), Mahanadi Coalfields (MCL), and South-Eastern Coalfields (SECL) are subsidiaries of CIL.

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.