Coal India is currently trading at Rs. 351.00, up by 2.05 points or 0.59% from its previous closing of Rs. 348.95 on the BSE.
The scrip opened at Rs. 348.95 and has touched a high and low of Rs. 354.55 and Rs. 347.10 respectively. So far 2,45,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 408.40 on 28-Jul-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. 358.60 and Rs. 344.75 respectively. The current market cap of the company is Rs. 2,21,704.00 crore.
The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 7.20% and 2.80% respectively.
After taking back coal price hike under its new pricing mechanism in the wake of protests by consumers, Coal India (CIL) has increased non-coking coal prices by an average of 10-15 percent of selected blocks in Western Coalfields.
The hike in the prices of non-coking coal came into effect from midnight of June 21. Accordingly, non-coking coal exceeding 2,200 Kcal/Kg and not exceeding 2,500 Kcal/Kg GCV (Gross Calorific Value) is priced at Rs 430 per tonne for power utilities. However, apart from power utilities space other sectors are paying Rs 580 per tonne for the same grade.
The price hike would also benefit the company to turnaround the subsidiaries. The new pricing policy had led to a 5-12 percent increase in prices of different grades of coal, which had to be rolled back in January.
| Company Name | CMP |
|---|---|
| Coal India | 384.40 |
| NMDC | 65.74 |
| GMDC | 321.40 |
| MOIL | 332.95 |
| Sandur Manganese | 415.85 |
| View more.. | |
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