Coal India Ltd.

Coal India is currently trading at Rs. 295.60, down by 7.10 points or 2.35% from its previous closing of Rs. 302.70 on the BSE.

The scrip opened at Rs. 301.00 and has touched a high and low of Rs. 301.50 and Rs. 291.20 respectively. So far 636541 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. 291.20 on 19-Mar-2013.

Last one week high and low of the scrip stood at Rs. 323.50 and Rs. 300.50 respectively. The current market cap of the company is Rs. 186616.99 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 is likely to slash the prices of top grades of thermal coal, with calorific value of over 6,100 kilocalories (kcal) per kg. Prices of other grades between 5,500 kcal and 6,100 kcal, which are linked to landed cost of imports, will remain unchanged.

The entity has taken this initiative following the price revision of Singareni Collieries (SCCL) on the March 7. Owned jointly by the Andhra Pradesh Government and the Centre, SCCL priced its top four grades between Rs 3,336 and Rs 3,896 a tonne. In contrast, CIL prices are higher at Rs 3,970-5,095 at tonne