Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
414.10
-1.15 (-0.28%)
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Coal India rises on plan to spend Rs 25,400 crore during 2012-17

Date: 07-08-2013

Coal India is currently trading at Rs. 258.30, up by 0.35 points or 0.14% from its previous closing of Rs. 257.95 on the BSE.

The scrip opened at Rs. 260.00 and has touched a high and low of Rs. 260.00 and Rs. 252.25 respectively. So far 39422 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. 248.00 on 05-Aug-2013.

Last one week high and low of the scrip stood at Rs. 286.00 and Rs. 248.00 respectively. The current market cap of the company is Rs. 161793.67 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 7.65% and 2.35% respectively.

Coal India is likely to spend Rs 25,400 crore during 2012-17 on its projects. Other than that, it will also invest around Rs 25,000 crore for acquisition of coal assets abroad and Rs 10,000 crore for development of coal blocks in Mozambique. The company will acquire heavy mining equipment at a cost of about Rs 8,500 crore.

State-run firm also plans to invest Rs 7,045 crore in three major railway infrastructure facilities which are needed for transportation of coal from three coalfields.