Coal India Ltd.

BSE: 533278 | NSE: COALINDIA
Large Cap | Mining & Minerals
418.55
-4.55 (-1.08%)
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Coal India moves up on fixing production target at 507 MT for 2014-15

Date: 28-03-2014

Coal India is currently trading at Rs. 280.75, up by 0.80 points or 0.29% from its previous closing of Rs. 279.95 on the BSE.

The scrip opened at Rs. 281.00 and has touched a high and low of Rs. 284.95 and Rs. 275.85 respectively. So far 64507 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 330.65 on 03-Jun-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. 284.95 and Rs. 257.75 respectively. The current market cap of the company is Rs. 177237.19 crore.

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

Coal India (CIL), the world’s largest coal miner by output, has fixed the production target at 507 million tonne (MT) for 2014-15 even as the state-owned firm is set to miss the current fiscal’s target of 482 MT. The company has also fixed the offtake at 520 million tonne for 2014-15.

CIL, which accounts for over 80% of the domestic production, contributed 452.5 MT of coal in 2012-13 as against the target of 464 MT.

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.