Coal India trades higher on the BSE

Coal India Ltd. | Mining & Minerals | Metals & Mining | BSE: 533278 | NSE: COALINDIA

29 Mar 2012 Evaluate

Coal India is currently trading at Rs. 334.90, up by 3.75 points or 1.13% from its previous closing of Rs. 331.15 on the BSE.

The scrip opened at Rs. 330.00 and has touched a high and low of Rs. 335.25 and Rs. 329.10 respectively. So far 58,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 422.30 on 31-May-2011 and a 52 week low of Rs. 293.75 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs. 342.80 and Rs. 325.70 respectively. The current market cap of the company is Rs. 2, 11,535 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 7.36% and 2.64% respectively.

Coal India (CIL), the largest coal producing company in the world, has presented a cheque amounting to Rs 5,400.49 crore as dividend to the government. The company has paid this dividend for the year 2011-12. The acting chairman and managing director of the company presented the dividend cheque to the Coal Minister.

The coal major had earlier proposed to pay a dividend of Rs 5,684.73 crore to the government for 2011-12. However, for fiscal 2010-11 the company had paid Rs 2,217 crore, for 2009-10 amount of Rs 2,210 crore and for 2008-09 amount of Rs 1,705 crore as dividend to the government.

Coal India is the largest coal producing company in the world. The company also produces non-coking coal and coking coal of various grades for diverse applications.