Coal India Ltd.

Coal India is currently trading at Rs 294.05, up by 0.65 points or 0.22% from its previous closing of Rs. 293.40 on the BSE.

The scrip opened at Rs. 295.00 and has touched a high and low of Rs. 296.30 and Rs. 290.90 respectively. So far 124272 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. 291.00 on 25-Jun-2013.

Last one week high and low of the scrip stood at Rs. 302.85 and Rs. 291.00 respectively. The current market cap of the company is Rs. 185511.62 crore.

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

Coal India (CIL) would be placing orders worth Rs 2,000 crore for at least seven coal washeries with washing capacity of around 15-16 million tonnes (MT) of coal by the current fiscal. This investment is over and above Rs 5,000 crore capex that CIL proposes to infuse during the current fiscal for purchasing equipment, land, railway siding, etc, excluding acquisition.

The state run miner had already inked agreement for two washeries and two more would be signed shortly. The rest would be done during the year. The company presently has 17 washeries with an installed capacity of 34 million tonnes.

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. Nevertheless, NTPC’s board agreed to end the spat after CIL decided to put in place systems for third-party sampling and analysis at the loading end before September 30, 2013. Post this, Auto Mechanical Samplers wherever installed and not operational shall be made operational in a time-bound manner.