Coal India Ltd.

Coal India is currently trading at Rs 318.00, up by 6.35 points or 2.04% from its previous closing of Rs 311.65 on the BSE.

The scrip opened at Rs 314.00 and has touched a high and low of Rs 321.90 and Rs 313.35 respectively. So far 104082 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 301.20 on 18-May-2012.

Last one week high and low of the scrip stood at Rs 343.90 and Rs 311.05 respectively. The current market cap of the company is Rs 201902.59 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 7.35% and 2.65% respectively.

Coal India has invited bids from bankers and interested parties for acquiring assets abroad. This initiative will help the company to meet shortages as it battles problems in enhancing its output. The state run firm has already initiated work for assessing the reserves of its mines in Mozambique and has invited bids for taking up drilling at the blocks.

The company has reported 39.17% rise in its net profit at Rs 1696.92 crore for third quarter ended December 31, 2012 as compared to Rs 1219.33 crore for the same quarter in the previous year. Total income of the company has increased by 38.25% at Rs 2158.04 crore for the quarter under review as compared to Rs 1560.97 crore for the quarter ended December 31, 2011.