Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
429.80
-1.20 (-0.28%)
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Coal India declines on reporting 2% fall in its November output

Date: 17-12-2012

Coal India is currently trading at Rs. 352.25, down by 1.70 points or 0.48% from its previous closing of Rs. 353.95 on the BSE.

The scrip opened at Rs. 352.00 and has touched a high and low of Rs. 354.80 and Rs. 349.65 respectively. So far 310872 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 386.00 on 17-Sep-2012 and a 52 week low of Rs. 293.75 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 368.00 and Rs. 349.65 respectively. The current market cap of the company is Rs. 222399.19 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 7.29% and 2.71% respectively. 

Coal India's output declined about 2% in November from a year ago due to cyclone Neelam and holidays on account of festivals. The state-owned miner produced 37.6 million tonne of coal during the month under review, compared with 38.4 million tonne in the November, 2011. However, off-take of coal registered a 4.3 per cent month-on-month increase to 38.56 million tonne. Meanwhile, company’s coal stock at the end of November was 43 million tonne, compared with about 71 million tonne at the beginning of the year.

The company’s production during the April-November period was 265 million tonne, a growth of 6.8 per cent over the corresponding period of the previous fiscal, while it’s off-take also rose by 8.2 per cent to 292.62 million tonne.