Coal India Ltd.

Coal India is currently trading at Rs. 334.70, up by 1.95 points or 0.59% from its previous closing of Rs. 332.75 on the BSE.

The scrip opened at Rs. 330.00 and has touched a high and low of Rs. 339.40 and Rs. 323.55 respectively. So far 989251 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 422.30 on 31-May-2011 and a 52 week low of Rs. 287.45 on 04-Nov-2010.

Last one week high and low of the scrip stood at Rs. 365.00 and Rs. 323.55 respectively. The current market cap of the company is Rs. 210177.03 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 7.91% and 2.09% respectively. 

Coal India (CIL) is likely to invest up to Rs 40,000 crore in the 12th Plan Period ending 2017 towards mines' development to augment production. The company will utilize these funds for buying machinery and building washeries. CIL is likely to invest less than Rs 25,000 crore during the 11th Plan Period against investment target of Rs 35,000 crore.

The company has aimed a production target of 556 million tonne by FY17 against the country's projected demand of 965 million tonne in the terminal year of the 12th Plan Period. Overall, country's coal production, including by captive miners, is likely to be 700 million tonne by FY17. The company will have to import the remaining to meet demand.

Coal India is the largest coal producing company in the world, based on the company’s raw coal production of 431.26 million tonne in fiscal 2010. As of March 31, 2010, the company operated 471 mines in 21 major coalfields across eight states in India, including 163 open cast mines, 273 underground mines and 35 mixed mines, which include both open cast and underground mines.