Coal India Ltd.

Coal India is currently trading at Rs 271.40, up by 6.55 points or 2.47% from its previous closing of Rs 264.85 on the BSE.

The scrip opened at Rs 266.50 and has touched a high and low of Rs 274.90 and Rs 266.50 respectively. So far 41045 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 238.35 on 30-Aug-2013.

Last one week high and low of the scrip stood at Rs 269.20 and Rs 238.35 respectively. The current market cap of the company is Rs 171236.64 crore.

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

In a major relief to the power sector, state-run monopoly supplier Coal India has inked fuel supply agreements (FSAs) with sixteen private power projects worth Rs 84,500 crore, which have a generation capacity of over 14,000 mega watts (MW). Further, the ministry is now chasing for similar fuel supply pacts for nine more power projects worth Rs 41,200 crore.

In view of the Centre's efforts to revive investor sentiment by jumpstarting large stalled investments, the coal mammoth expedited the signing of these pacts. With this development, seven of these projects can be commissioned as early as the next quarter (between October and December), while the rest are expected to generate power between January and September next year.

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.