Coal India Ltd.

Coal India is currently trading at Rs. 295.05, up by 5.15 points or 1.78 % from its previous closing of Rs. 289.90 on the BSE.

The scrip opened at Rs. 301.30 and has touched a high and low of Rs. 304.95 and Rs. 293.70 respectively. So far 1489827 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 360.35 on 15-Jan-2013 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. 298.00 and Rs. 277.05 respectively. The current market cap of the company is Rs. 186206.42 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 7.89% and 2.11% respectively.

The company has declared a better than expected interim dividend of Rs 29 per share, amounting to Rs 18,317 crore, of which the government would get Rs 16,485.71 crore for its 90 percent stake in the Maharatna company. The company will pay the dividend from January 25. The dividend announced was way higher than their expectations

Coal India’s dividend comes in the backdrop of government failure to disinvest 10 percent of its shares in this year. Trade unions were opposed to further disinvestment of CIL which was listed in November, 2010 after a blockbuster initial public offer.

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.