Coal India Ltd.

Coal India is currently trading at Rs. 237.80, up by 1.30 points or 0.55% from its previous closing of Rs. 236.50 on the BSE.

The scrip opened at Rs. 236.00 and has touched a high and low of Rs. 238.10 and Rs. 236.00 respectively. So far 89579 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 263.30 on 09-Nov-2022 and a 52 week low of Rs. 164.75 on 12-May-2022.

Last one week high and low of the scrip stood at Rs. 238.85 and Rs. 230.00 respectively. The current market cap of the company is Rs. 146364.80 crore.

The promoters holding in the company stood at 66.13%, while Institutions and Non-Institutions held 28.97% and 4.89% respectively.

Coal India (CIL) is eyeing to conclude the eleventh version of the national coal wage agreement (NCWA-XI), within a month, which would benefit its 2.38 lakh strong non-executive workers. The next round of talks is scheduled on May 19, 2023. 

Wages of the non-executive workers, which account for 94 per cent of Coal India's workforce, are revised every five years. The hike is due from July 2021. In 2017, CIL signed a wage agreement with worker unions proposing a 20 per cent hike in salaries for five years.

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.