Coal India Ltd.

Coal India is currently trading at Rs. 313.05, up by 2.70 points or 0.87% from its previous closing of Rs. 310.35 on the BSE.

The scrip opened at Rs. 313.00 and has touched a high and low of Rs. 314.90 and Rs. 312.55 respectively. So far 52,803 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. 314.90 and Rs. 300.00 respectively. The current market cap of the company is Rs. 197923.28 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 7.44% and 2.56% respectively.

The Government has shortlisted nine firms out of 17 applications it received for restructuring world’s largest coal miner, Coal India. The Coal Ministry, which invited bids for the appointment of advisors for restructuring of the coal PSU in January, has already held a pre-RFP (Request for Proposal) and is likely to finalize the RFP by June-end. The ministry has received applications from the firms like McKinsey, KPMG, Ernst & Young, Deloitte and CRISIL.

In view of the growing supply deficit of coal, Planning Commission suggested spinning off Coal India's subsidiaries into separate entities so that each one of them can pursue its own goals. World's largest coal miner CIL has nine subsidiaries that include Bharat Coking Coal (BCCL), Central Coalfields (CCL), Eastern Coalfields (ECL) and Central Mine, Planning and Design Institute (CMPDIL). The company has 100% stake in all of them.